The March inflation numbers are in, and they are………not good. America's inflation problem didn't abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday. The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings. That outpaced
Of course what's really worrying is that they did not use the same metrics to calculate the CPI during Carter's reign. If they used *those* metrics, we'd be well into the 20% range. It's actually much worse than they portray.
Rarely do I blame the economy on a president, of either side. Shifts in the economy tend to take time and don't have their seeds in immediate events, but are the culmination of choices of both parties over decades along with a few "acts of god" here and there. The 2008 financial crisis wasn't George Bush's fault, for example. It started under Clinton and a Republican Congress and the loosening of banking laws. So blaming Bush was unfair (and I am no fan of Bush, but I already have plenty else to blame him for).
This time, however, we can directly blame Biden and the Democrats. Their wild spending, the near starvation of the economy of workers, the supply chain issues, the vaccine mandates and COVID hysteria, the big-business friendly COVID policies (at the expense of little business), and the war in Ukraine, which Biden could have stopped if he had only encourage Zelensky to agree to neutrality, all have contributed to this. So, yes, this is very much Biden's problem. (Of course, I'm using "Biden" as shorthand for the crazies handling Biden, as Biden is capable of no decision more taxing than butterscotch or vanilla, but you get the idea.)
It’s worth it to get rid of Poot’n and save Ukraine - Brandon says so, so it must be true. It’s all Poot’n’s fault anyway so once we change the regime - oops didn’t mean to say that - it will all go back to normal, and saving the Planet. It’s what a plurality of Americans voted for - I am a sympathy free zone.
It really has gotten that insane, hasn't it? But why do you suppose we have Ukraine in the first place? This was already going south before February 24th. Ukraine was just a distraction but it ended up being an accelerant.
It's been that insane in Sweden for the past 20 years or more, so I'm pretty well inocculated.
Buy french mustard? Oh, you're endorsing their nucear testing.
Buying oranges from israel? You're supporting the jewish nazi regime.
Complaining that palestinian refugees to Sweden go to Palestine on holiday? Racist!
Heck, even way back when it was like that. Listening to american music? Oh you mjst hate the vietnamese then.
Right now it's Russia. Reality has nothing to do with anything real. Yemen? Egypt-Ethiopia-Sudan? Turkey? Burma? China - an actual national socialist dictatorship with slave labour camps, extermination policies, actively prusuing genocide against minorities, and so on?
That's exactly it! Kitties work every time. I want to start a business where you just come in and rant about whatever for 15 minutes, then play with kittens for 15 minutes. Best therapy ever.
After the warning yesterday, I'm surprised it wasn't a two-digit number.
Putin's fault? No. But we can't pin it all on Biden either. The utterly insane level of money "printing" started in 2020 and there's a 12-18 month lag before such a move reflects in consumer prices.
I thought that same thing. The way Psaki was talking, I thought it would be at least a percent above where it ultimately landed. The only thing I could think of was that she was trying to put fear in the air so that when it came in at 8+, people would breath a sigh of relief and think that things weren't as bad as they had anticipated, and by looking at the markets, I would say her plan worked.
The Fed policy failure began during the 2008 crash. QE underlies financial supports that, along with Congress have set the stage. The pandemic made the situation even worse by extending the needed corrections. I could only wish the public appreciates that servicing our massive debt will cause a decline in living standards. Sadly, Biden progressives arrived at exactly the wrong time.
And if you were paying close attention, you noticed that the system started to buckle BEFORE covid. The virus was just a very very handy excuse to zap up trillions of dollars and paper over the problem -- again.
I think we were not in good shape when covid hot. But we had been steadily recovering with the economy set to soar. The Trump tax cuts were finally beginning to improve revenue flows. Early hits from the cuts were beginning to be paid down. The Fed was beginning to unload. Forecasts for 2021 were looking great and the planned budget was taking shape. Covid then arrived and Trump saw his plans were to be totally disrupted. He did try to wish it away but hedged with the vaccine. Faced with a market collapse in March he had to restore faith that the economy wasn't going to expire. Most of hat relief spending was targeted to enter the economy quickly and the crisis managed. Had he been allowed to continue we wouldn't be in quite the spiral we are now in. The new administration decided to add even more to a recovering economy but with less targeted relief adding another bump to an economy already on the mend. Bad timing, bad policy.
Well yes you can. Biden pumped huge amounts of money directly into people’s pockets at a time of supply shortage, so more money is chasing same amount of goods = inflation now. Pumping money into infrastructure projects and other boondoggles will add to it in months to come.
Yep. Some amount of price inflation was baked in after the monetary inflation of covid. Biden's policies have made the price inflation worse, but he's not responsible for that early monetary inflation.
As an added bonus, the ruble is back over its pre-war price and Russia is still selling all the oil they want. Now we're paying for the sanctions on Russian but Russia isn't! Another example of Biden Brilliance.
Bringing the U.S. to its knees is intentional. But TPTB may have miscalculated. Rather than achieving the goal of the globalist Great Reset, we may be seeing an East-West cleavage:
Might be both. Cops catch crooks all the time because they're stupid. I figure Joe and hunter are so deep into Ukraine pockets he's willing to risk nuclear war to maintain the grift. Vlad screwed up by underbidding.
Of course what's really worrying is that they did not use the same metrics to calculate the CPI during Carter's reign. If they used *those* metrics, we'd be well into the 20% range. It's actually much worse than they portray.
Rarely do I blame the economy on a president, of either side. Shifts in the economy tend to take time and don't have their seeds in immediate events, but are the culmination of choices of both parties over decades along with a few "acts of god" here and there. The 2008 financial crisis wasn't George Bush's fault, for example. It started under Clinton and a Republican Congress and the loosening of banking laws. So blaming Bush was unfair (and I am no fan of Bush, but I already have plenty else to blame him for).
This time, however, we can directly blame Biden and the Democrats. Their wild spending, the near starvation of the economy of workers, the supply chain issues, the vaccine mandates and COVID hysteria, the big-business friendly COVID policies (at the expense of little business), and the war in Ukraine, which Biden could have stopped if he had only encourage Zelensky to agree to neutrality, all have contributed to this. So, yes, this is very much Biden's problem. (Of course, I'm using "Biden" as shorthand for the crazies handling Biden, as Biden is capable of no decision more taxing than butterscotch or vanilla, but you get the idea.)
It’s worth it to get rid of Poot’n and save Ukraine - Brandon says so, so it must be true. It’s all Poot’n’s fault anyway so once we change the regime - oops didn’t mean to say that - it will all go back to normal, and saving the Planet. It’s what a plurality of Americans voted for - I am a sympathy free zone.
Index finger erect, eyes rolling in their sockets, all tendons on the neck standing at attention:
"If you don't blame Putin for inflation you are endorsing the war crimes in Ukraine!"
Did I get it right? I mean, we are supposed to blame the hangover on the burrito, so to speak, aren't we?
It really has gotten that insane, hasn't it? But why do you suppose we have Ukraine in the first place? This was already going south before February 24th. Ukraine was just a distraction but it ended up being an accelerant.
It's been that insane in Sweden for the past 20 years or more, so I'm pretty well inocculated.
Buy french mustard? Oh, you're endorsing their nucear testing.
Buying oranges from israel? You're supporting the jewish nazi regime.
Complaining that palestinian refugees to Sweden go to Palestine on holiday? Racist!
Heck, even way back when it was like that. Listening to american music? Oh you mjst hate the vietnamese then.
Right now it's Russia. Reality has nothing to do with anything real. Yemen? Egypt-Ethiopia-Sudan? Turkey? Burma? China - an actual national socialist dictatorship with slave labour camps, extermination policies, actively prusuing genocide against minorities, and so on?
"It is the sound of silence"
So the kitties are to keep us from spontaneously combusting as we read? As good a preventative as any...
That's exactly it! Kitties work every time. I want to start a business where you just come in and rant about whatever for 15 minutes, then play with kittens for 15 minutes. Best therapy ever.
How will you prevent theft? Oversize clothing is in these days.
I won't. I'll simply release the video of people stealing kittens onto the internet and they'll handle the rest. 😂
Yeah, that'll do it...
And lest I forget businesses and government says "no jab, no job". Not that this has anything to do with the economy... cough, cough, airlines
..
After the warning yesterday, I'm surprised it wasn't a two-digit number.
Putin's fault? No. But we can't pin it all on Biden either. The utterly insane level of money "printing" started in 2020 and there's a 12-18 month lag before such a move reflects in consumer prices.
I thought that same thing. The way Psaki was talking, I thought it would be at least a percent above where it ultimately landed. The only thing I could think of was that she was trying to put fear in the air so that when it came in at 8+, people would breath a sigh of relief and think that things weren't as bad as they had anticipated, and by looking at the markets, I would say her plan worked.
The Fed policy failure began during the 2008 crash. QE underlies financial supports that, along with Congress have set the stage. The pandemic made the situation even worse by extending the needed corrections. I could only wish the public appreciates that servicing our massive debt will cause a decline in living standards. Sadly, Biden progressives arrived at exactly the wrong time.
And if you were paying close attention, you noticed that the system started to buckle BEFORE covid. The virus was just a very very handy excuse to zap up trillions of dollars and paper over the problem -- again.
I think we were not in good shape when covid hot. But we had been steadily recovering with the economy set to soar. The Trump tax cuts were finally beginning to improve revenue flows. Early hits from the cuts were beginning to be paid down. The Fed was beginning to unload. Forecasts for 2021 were looking great and the planned budget was taking shape. Covid then arrived and Trump saw his plans were to be totally disrupted. He did try to wish it away but hedged with the vaccine. Faced with a market collapse in March he had to restore faith that the economy wasn't going to expire. Most of hat relief spending was targeted to enter the economy quickly and the crisis managed. Had he been allowed to continue we wouldn't be in quite the spiral we are now in. The new administration decided to add even more to a recovering economy but with less targeted relief adding another bump to an economy already on the mend. Bad timing, bad policy.
Well yes you can. Biden pumped huge amounts of money directly into people’s pockets at a time of supply shortage, so more money is chasing same amount of goods = inflation now. Pumping money into infrastructure projects and other boondoggles will add to it in months to come.
Look at the inflation curve. More or less flat until early 2021 then straight up. And oil prices. Joe can't duck this train wreck. It's all on him.
Yep. Some amount of price inflation was baked in after the monetary inflation of covid. Biden's policies have made the price inflation worse, but he's not responsible for that early monetary inflation.
Meanwhile, money printer go ‘brrrr’, oils wells go ‘dry’, southern border go ‘cmon in’!
As if we could print that much money to support the new arrivals. We are awash in money that is losing value.
Def. Putin’s fault
Check out the graphic I just added.
0.5% MFers…..🤘
As an added bonus, the ruble is back over its pre-war price and Russia is still selling all the oil they want. Now we're paying for the sanctions on Russian but Russia isn't! Another example of Biden Brilliance.
Bringing the U.S. to its knees is intentional. But TPTB may have miscalculated. Rather than achieving the goal of the globalist Great Reset, we may be seeing an East-West cleavage:
https://theconservativetreehouse.com/blog/2022/04/09/brics-ministers-of-finance-hold-a-meeting-it-is-time-to-replace-western-financial-trade-mechanisms-and-remove-the-dollar/
Yep! The real question is: Is Biden doing this to help facilitate this, or is he really this stupid?
Might be both. Cops catch crooks all the time because they're stupid. I figure Joe and hunter are so deep into Ukraine pockets he's willing to risk nuclear war to maintain the grift. Vlad screwed up by underbidding.
I believe whoever is controlling administration policy thought they were facilitating, but miscalculated when it came to the BRICS alliance.