Inflation is Through the Roof - Whats Biden Admin's First Priority? Stockholders, of course!

[fskimospy]

"Stop spending so much money on things you don't need"

"Pull yourselves up by your bootstraps"


You guys are sounding Republican already

lol, look at the guy who thinks Republicans actually believe in responsible spending or personal responsibility.

I am struggling to understand how someone could be dumb enough to think they give a single shit about either. Didn't we all know those were just lies they told because they didn't want public funds to go to non-white people?

 

[IronWing]

"Stop spending so much money on things you don't need"

"Pull yourselves up by your bootstraps"


You guys are sounding Republican already

Those aren't traits any Republican politician of the past seven decades has exhibited.

 

[Fenixgoon]

"Stop spending so much money on things you don't need"

"Pull yourselves up by your bootstraps"


You guys are sounding Republican already

Where did I say anything of the sort?

You can be pissed gas prices are going up, but you shouldn't be surprised at what it costs to fill up. That's just math.

Another anecdote, I talked to a guy who was all excited at the range improvement on his vehicle because he added an extra gas tank to it (basically the back seat area). He was so proud he could go like 800mi before filling up.

I nodded in agreement, but in the back of my mind I was thinking how he's only costing himself more money (outside of the modification). The extra weight of the secondary tank and its fuel in all likelihood decreased the vehicle's efficiency. So in the end, sure this guy could travel more miles per tank and "fill up less frequently", but the net cost per mile actually went up, not down.

 

[dank69]

"Stop spending so much money on things you don't need"

"Pull yourselves up by your bootstraps"


You guys are sounding Republican already

No if we wanted to sound Republican it would be more like "just die already."

 

[ondma]

I live in a resort town in NJ. Minimum wage currently is at $13hr. Summer businesses both small and large are now paying $15 an hour and they are having a HORRIBLE time emplying people. Have to wonder if unemployment is the main culprit. My buddy was collecting and he is currently getting $650 a week. He has a summer job, and will be going back to work very soon. He works at his summer job until Nov and goes on unemployment until May. This year was crazy though. He alszo told me that he recieved a $10,000 check in June. That was when they were getting the extra $600 a week. Must be nice.Why work? Big daddy government will take care of ya.

The extended unemployment benefits will soon be expiring in any case. I do think this probably does contributes to difficulty finding workers. However, I think covid and the need to wear a mask for the entire work shift also contributes.
Personally, I recently retired, and have a sufficient income, but I had planned to find a part time job simply to keep active and get a bit of extra income, perhaps to help my grandson pay off student loans. Even though I am fully vaccinated, I am still hesitant to get a job because of the admittedly remote chance of still getting Covid and also the inconvenience of wearing a mask for one's entire shift.

Now dont get me wrong, I hate the "dont tread on me, I ain't wearin no mask" people, and I am totally in favor of the mask mandates. That said, it would be uncomfortable to wear one for an entire shift.

 

[MrSquished]

Aren't rising prices the very definition of inflation? Your comment is like saying the ocean isn't wet. Now granted this inflation is in a limited number of goods, and perhaps is temporary, so is not a complete picture of the overall inflationary pressure. Part of the rise of prices is also simply a return to pre-pandemic levels after being severely depressed during the shutdown.

In fact, though, I think we will face an inflationary danger as the economy restarts. Before we blame Biden and the Dems though, let us not forget that the Govt basically started pumping out free money under Trump in order to keep the market pumped up while the economy was shut down.

Yes, there are two main kinds of inflation and one is caused by supply and demand issues.

But what the OP is implying is that inflation is through the roof, like for all products, which it certainly isn't, and coming from a conservative, they are trying to blame Biden's monetary policy on this. Reality is that the pandemic has caused the majority of the dramatic shifts for his three examples. Restaurants re-opening has caused a surge in demand for wings, construction boom caused by folks upsizing and leaving cities caught the lumber industry unprepared when most thought things would go the other way, plus tariffs aren't helping. I heard an interview with an oil industry spokesperson about in crease in gas prices - supply/production went way down during Covid and production has not caught up to the massive spike in demand as things are opening up dramatically, plus it's seasonal. Has almost nothing to do with monetary policy. It's just another conservative spouting nonsense.

 

[VW MAN]

"Stop spending so much money on things you don't need"

"Pull yourselves up by your bootstraps"


You guys are sounding Republican already

Hey dipshit I challenge you to name a single R congress critter who believes in that bullshit.

 

[zinfamous]

The sad and problematic part is that rising gas prices hurt poor people the most.

I got into a little bit of an argument with a girl I was dating because she was really upset at how much it cost to fill her truck (she commutes about 40mins for work...in a truck with a 22gal tank). She asked why Biden wasn't doing more to help with gas prices (nevermind that he can't, gas prices are still relatively low when accounting including inflation, and it's a market commodity whose pricing is subject to supply and demand fluctuations...not that any of that would have changed her opinion).

I wasn't particularly surprised by the cost - she has a truck. It has the aerodynamics of a brick. And it has a 22gal tank.
But for her, gas going up from barely over $2/gal to about $3/gal and that was huge because she doesn't make a ton of money.

My commute is 1.5miles so I don't even pay attention. I purposefully bought a more fuel-efficient vehicle and purposefully located myself close to work so as to avoid commuting. But even if gas prices spiked to $10/gal, my income means that it's just added cost, whereas for her it would be a difference between making or breaking paychecks.

And a lot of people will take rising gas prices as the president not doing anything, even though it is completely out of his control.

to a degree, I understand this, but we also have woefully cheap costs compared to other developed nations, and they get along just fine. Of course, the incentive has long been to rely on more efficient vehicles, and other modes of transport, that work preposterously well.

There is no logical reason that America can't do the same--we are just preposterously stupid and stubborn people. Yes, some people like farmers and contractors actually need their big F150s and such, and that is fine. Karen doesn't, however. No one needs a fucking SUV. No one. We are just a very dumb people.

I'd much rather corporations that pay, essentially, absolutely no taxes and no costs towards the infrastructure and resources that they require to earn their billions that get shipped off to holding banks in the Caribbean, actually pay those costs, instead of charging real citizens $10/gallon. Yes, what I mentioned up there is intentionally absurd--at least, it's absurd from our perspective. Many other countries, it's closer to typical.

Anyway, something's got to give.

 

[MrSquished]

to a degree, I understand this, but we also have woefully cheap costs compared to other developed nations, and they get along just fine. Of course, the incentive has long been to rely on more efficient vehicles, and other modes of transport, that work preposterously well.

There is no logical reason that America can't do the same--we are just preposterously stupid and stubborn people. Yes, some people like farmers and contractors actually need their big F150s and such, and that is fine. Karen doesn't, however. No one needs a fucking SUV. No one. We are just a very dumb people.

I'd much rather corporations that pay, essentially, absolutely no taxes and no costs towards the infrastructure and resources that they require to earn their billions that get shipped off to holding banks in the Caribbean, actually pay those costs, instead of charging real citizens $10/gallon. Yes, what I mentioned up there is intentionally absurd--at least, it's absurd from our perspective. Many other countries, it's closer to typical.

Anyway, something's got to give.

We need better mass transit. Hasan Minhaj or John Oliver did a segment talking about how the Koch Brothers funded a campaign for people to vote against expanding the light rail in Phoenix. Luckily enough people voted for it, but there are definitely entities trying to keep people reliant on just autos and gas as much as possible. This is the problem when a society is built purely on making money, with little priority on the common good.

 

[MrSquished]

But what does LeBron James think of inflation and monetary policy accountability @Svnla ?

 

[ivwshane]

I’m surprised we haven’t had any jobs threads. I guess the right doesn’t want to bring up the poor jobs data because that would prove Biden right about needing more government help.

Man, no wonder republicans at the state level are trying to do all they can to rig the elections, they’ve got nothing else to do.

 

[Fenixgoon]

I’m surprised we haven’t had any jobs threads. I guess the right doesn’t want to bring up the poor jobs data because that would prove Biden right about needing more government help.

Man, no wonder republicans at the state level are trying to do all they can to rig the elections, they’ve got nothing else to do.

i just saw a conservative friend on facebook post "we don't need more stimulus. go find a job"

someone doesn't know how government economics work compared to household finances

 

[Vic]

i just saw a conservative friend on facebook post "we don't need more stimulus. go find a job"

someone doesn't know how government economics work compared to household finances

If you stop and think about it, Dale Earnhardt was the perfect conservative martyr. So resistant to change he couldn't understood, he died for it.

 

[Svnla]

Get ready for higher prices from these well know companies/products.

These companies are jacking up prices because of exploding inflation (yahoo.com)

.
https://finance.yahoo.com/news/prepare-to-pay-more-for-your-favorite-chicken-sandwich-103027176.html
.

 

[fskimospy]

Get ready for higher prices from these well know companies/products.

These companies are jacking up prices because of exploding inflation (yahoo.com)

.
https://finance.yahoo.com/news/prepare-to-pay-more-for-your-favorite-chicken-sandwich-103027176.html
.

The fact that inflation would be good aside, always nice to see the usual dummies playing people like you.

 

[Svnla]

The fact that inflation would be good aside, always nice to see the usual dummies playing people like you.

Do you have anything to say or just typical name calling and insult?

 

[ivwshane]

Do you have anything to say or just typical name calling and insult?

You can't handle anything else traitor. Someone could present ten pages of facts and you'd magically disappear until the posts get buried.

 

[Svnla]

You can't handle anything else traitor. Someone could present ten pages of facts and you'd magically disappear until the posts get buried.

Yawn. More name calling. Facts? So now name calling and insults such as anal sex, small penis from liberals = facts? Uh huh.

 

[ivwshane]

Yawn. More name calling. Facts? So now name calling and insults such as anal sex, small penis from liberals = facts? Uh huh.

Lol thanks for proving my point traitor.

 

[Svnla]

Lol thanks for proving my point traitor.

Traitor this, traitor that..blah blah blah from you.... keep it up. Same old, same old. weak sauce. Next.

Oh no, now I must disappear from your "facts".

 

[ivwshane]

Traitor this, traitor that..blah blah blah from you.... keep it up. Same old, same old. weak sauce. Next.

Oh no, now I must disappear from your "facts".

Stick around traitor, it doesn't matter to me.

 

[Meghan54]

Traitor this, traitor that..blah blah blah from you.... keep it up. Same old, same old. weak sauce. Next.

Oh no, now I must disappear from your "facts".

Why disappear? Work release time up for the week?

 

[ch33zw1z]

Get ready for higher prices from these well know companies/products.

These companies are jacking up prices because of exploding inflation (yahoo.com)

.
https://finance.yahoo.com/news/prepare-to-pay-more-for-your-favorite-chicken-sandwich-103027176.html
.

Supply chain issues, increased expenses, those companies are raising prices to protect the bottom line.

If workers wages had kept up with inflation since the 70's, minimum wage would be over $20 per hour.

We shall see how it impacts those companies mentioned, people might just purchase lower cost alternatives because that's what they can afford.

 

[ch33zw1z]

But what does LeBron James think of inflation and monetary policy accountability @Svnla ?

Maybe Charles Barkley can give us some insight?

 

[ch33zw1z]

What is the Current U.S. Inflation Rate?

The Current Inflation Rate, updated monthly- This table shows the current rate of inflation to two decimal places using the CPI index.

inflationdata.com

That website seems ok. Maybe others can weigh in.

If it's accurate, I'm not concerned with the inflation rate going back up a bit. Looks like it just rebounded as most states are quickly moving to full open.

So if some companies are upping prices, sure...go for it.

Edit:

Annual Inflation Rate

Annual inflation peaked at 9.06% in June '22, fell to 2.97% by June '23 and to 2.44% in September '24 before rising to 3.00% in January 2025. It was 2.70% in July 2025.

inflationdata.com

Interesting data collected.