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So are we tearing off "I did that" stickers yet?

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Biden made the policies he would pursue perfectly clear during the presidential campaign. It didn't take a genius to see this is where we would end up eventually.

Anyone that didn't vote for Trump put us here.

nortex97 said:

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Gas: +48.0%
Used Cars: +35.3%
Gas Utilities: +21.6%
Meats/Fish/Eggs: +13.7%
New Cars: +12.5%
Electricity: +11.1%
Food at home: +10%
Overall CPI: +8.5% pic.twitter.com/oT8RxoYqfC

— God Assigned Your Gender (@oldarmy1) April 12, 2022

Thank a Democrat/moderate/independent voter you know today!

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Libs would say it's trumps fault. Or putins.

rocky the dog said:

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You know inflation is bad when a comic about inflation is using price examples that are 15% LOWER than they actually are!

Premium said:

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will25u said:

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Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +5% YoY) with rents up 17% over the last year and home prices up 19%. The actual inflation rate is much higher than 8.5%. pic.twitter.com/AlbMysNVLb

— Charlie Bilello (@charliebilello) April 12, 2022

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Overall, food away from home is really a good value as compared to before. Some restaurants have adapted but many haven't increased as rapidly as you would expect.

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Pro tip when dining at the places maintaining pricing: Don't ask what type of animal has been ground into your burger meat.

So how are hey going to blame Trump for this?

This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

8.5% is probably an underestimate, as noted in this thread. Inflation under Trump was also likely underestimated. The CPI is flawed and used as a political tool.

https://app.truflation.com/

aginlakeway said:

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So how are hey going to blame Trump for this?

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CNN, MSNBC, et al will say it's Trump's fault and the ignorant masses will believe it. Problem solved.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Doubling down I see…

Impressive.

Gas prices in California have hit nosebleed levels. 

Nearing $10 per gallon. 

Don’t believe me? See for yourself: pic.twitter.com/KPiVI2Rf2E

— Stephen Moore (@StephenMoore) April 12, 2022

Edit to add: California is the left's road map to power/success. It's why we have open borders. Migration on a smaller scale converted a state that once voted for George H Bush, Reagan, Nixon etc. and was an economic miracle to the world, into the cesspool of leftist failure/crime/crap on streets it is today, under one party rule.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

At this point I think Washington DC needs to be reset. Those fools clearly don't care about this country. They are bought and paid for by people, organizations or foreign states that hate America. They allowed themselves to be bought and it's high time we got people up there that would die before selling their honor.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Please just stop talking.

aginlakeway said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

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The job market for employees is fantastic. Never better.

The median (half higher, half lower) home price in California is over $800k right now. In a sane world, it would take a $200k household income to afford it. Only 8% of California households can afford the *median* home price.

If you think that's sustainable, you're nuts.

— David Burge (@iowahawkblog) April 12, 2022

I think it was Clay and Buck saying that this current inflation is being calculated with a different/ dumbed down math equation that is far less critical when comparing the inflation in the late 70's early 80's. They indicated that if we used the old equation, that inflation would be double the current rate.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Bubblez said:

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aginlakeway said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

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The job market for employees is fantastic. Never better.

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That's not what I asked.

Do you think Biden is doing a good job with our economy? Are things going well with the U.S. economy?

Fedup said:

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nortex97 said:

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Gas: +48.0%
Used Cars: +35.3%
Gas Utilities: +21.6%
Meats/Fish/Eggs: +13.7%
New Cars: +12.5%
Electricity: +11.1%
Food at home: +10%
Overall CPI: +8.5% pic.twitter.com/oT8RxoYqfC

— God Assigned Your Gender (@oldarmy1) April 12, 2022

Thank a Democrat/moderate/independent voter you know today!

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Libs would say it's trumps fault. Or putins.

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Old school libs ( USSR's best friends) will default to its Reagan's fault

IndividualFreedom said:

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I think it was Clay and Buck saying that this current inflation is being calculated with a different/ dumbed down math equation that is far less critical when comparing the inflation in the late 70's early 80's. They indicated that if we used the old equation, that inflation would be double the current rate.

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Thanks, I was wondering what it would look like if the math was consistent for more of an apples to apples comparison. 16% is a lot more in line with what I'm seeing in the real world YOY.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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I would argue the US has been exporting its inflation for decades especially to China and Japan


As a totally off topic question, if global commodities prices have impacts that cant be controlled domestically, how should we view CO2 levels in this context?

Bubblez said:

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aginlakeway said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

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The job market for employees is fantastic. Never better.

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Try answering the question next time.

Bubblez said:

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aginlakeway said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

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The job market for employees is fantastic. Never better.

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For those with marketable skills and education. For those entering the workforce or without matching skillsets its harder to find employers willing to pay high wages and benefits for on the job training.

GarlandAg2012 said:

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8.5% is probably an underestimate, as noted in this thread. Inflation under Trump was also likely underestimated. The CPI is flawed and used as a political tool.

https://app.truflation.com/

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Using the Carter era definition, real inflation is double what they report now.

Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Wrong! Biden is killing us!

Trrrrruuuuuuuummmmmmmmp!!!!!!!!1

Bubblez said:

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aginlakeway said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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Interesting. So you think Biden is doing a good job with our economy then?

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The job market for employees is fantastic. Never better.

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Not really, Job market participation rate is still below pre COVID. AND inflation is greater than increases in income.

aginlakeway said:

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So how are hey going to blame Trump for this?

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wait are you a never trumper who says Trump needs to go away?

Quote:

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The median (half higher, half lower) home price in California is over $800k right now. In a sane world, it would take a $200k household income to afford it.

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That is using the current low rates as a metric. Much less sustainable with mortgage rates trending above 5%

riverrataggie said:

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Statistics show that majority of people don't have the wealth nor the means to be offering what's happening in the real estate market.

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Just as they didn't in Kalifornia, which is why they are coming here after that housing market and state have been destroyed.

Valtrex11 said:

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aginlakeway said:

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So how are hey going to blame Trump for this?

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wait are you a never trumper who says Trump needs to go away?

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Really? Exactly the opposite ...

ac04 said:

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Bubblez said:

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This is a worldwide problem, certainly not limited to the United States. Global commodities have global impacts that can't be controlled domestically.

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actually you can control it domestically as long as you don't slow down oil and gas exploration and production with arbitrary restrictions, shut down pipelines, delay permits for new pipelines and facilities, give favorable treatment to useless "green" energy initiatives that are unreliable and not economically feasible, etc.

prior to the ban on russian oil, we were importing ~30% more from them under biden than we did under trump. why do you think that happened?

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The pandemic and market forces. Our shale is still more expensive to produce than what is coming out from most other parts of the world which hurt domestic production significantly with the last bust cycle brought on by the pandemic. Plus any increase in domestic production just would get exported to the higher bidders elsewhere when the supply from Russia was constrained and global panic ensued. The impact on domestic energy prices is negligible when dealing with a global commodity that gets shipped anywhere.

Given the current labor and supply chain problems, its not like production can be turned on like a switch anyways.