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Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,058,825 times
Reputation: 4478
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Quote:
Originally Posted by fastball92
100% the worst president of my lifetime. Raising a family on a single income has been much more difficult since Biden took over. Covid forced issues aside, Everyday prices of food and basic household supplies have gone up dramatically. Stock dwindled down to barely nothing, extremely long waits for healthcare, service based events, gas is over $3 per gallon, and heaven forbid you need to replace something of significance like an appliance or a vehicle.
Trump was a tool but we didnt have any of these issues that effect everyday working families like we have now. 3 more years of this mess and the working middle class will never recover
It's a bit more complicated than that. Global economy is highly complex, and even a small disruption in a complex system causes a ripple effect, let alone a coordinated global shutdown.
Printing enormous sums of money doesn't help, neither do the long-term unemployment benefits, moratoriums on evictions/foreclosures/student loan payments....there are no consequences to bad decision making whether you're a corporate executive of a publicly traded company or someone who works for that corporation.
There's no easy way out without pain for almost all. Higher unemployment, less liquidity, increased delinquencies, lower asset values across board, social unrest.....all likely scenarios if rates increase.
I can't say I'm surprised, our grocery bill is now basically double from a year ago. If anything inflation is massively undercounted and manipulated, if you compare the same items from the 1970's inflation is much much more than 7%
Yeah, prices are definitely up on everything. I started looking for a new enclosed snowmobile/utv trailer and was shocked at the prices now, from a couple of years ago. What was around $10k is at least $15k or more now. And those prices are driving the used market prices up as well.
100% the worst president of my lifetime. Raising a family on a single income has been much more difficult since Biden took over. Covid forced issues aside, Everyday prices of food and basic household supplies have gone up dramatically. Stock dwindled down to barely nothing, extremely long waits for healthcare, service based events, gas is over $3 per gallon, and heaven forbid you need to replace something of significance like an appliance or a vehicle.
Trump was a tool but we didnt have any of these issues that effect everyday working families like we have now. 3 more years of this mess and the working middle class will never recover
You have it right. We will never recover.
It is a historic fact that the US middle class permanently lost significant buying power during the systemic inflation of the 1970s and early 1980s. Permanently. Life became harder and quality of life became less
This is Jimmy Carter II. We are going through another bout of such crippling inflation.
They want this inflation. They need this inflation. It is the only way to address the $30 trillion and soaring national debt.
It is a historic fact that the US middle class permanently lost significant buying power during the systemic inflation of the 1970s and early 1980s. Permanently. Life became harder and quality of life became less
This is Jimmy Carter II. We are going through another bout of such crippling inflation.
They want this inflation. They need this inflation. It is the only way to address the $30 trillion and soaring national debt.
It's worse then the Jimmy Carter reign. At least Carter had his wits about him and was cognizant.
I don't think Biden even knows what day it is.
It's a bit more complicated than that. Global economy is highly complex, and even a small disruption in a complex system causes a ripple effect, let alone a coordinated global shutdown.
Printing enormous sums of money doesn't help, neither do the long-term unemployment benefits, moratoriums on evictions/foreclosures/student loan payments....there are no consequences to bad decision making whether you're a corporate executive of a publicly traded company or someone who works for that corporation.
There's no easy way out without pain for almost all. Higher unemployment, less liquidity, increased delinquencies, lower asset values across board, social unrest.....all likely scenarios if rates increase.
Just look at the two components the Feds and MEDIA love to omit. Food and Energy, including electric, gasoline and home heating fuels. Both out of control. Thanks to the Marxist Democrats.
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,058,825 times
Reputation: 4478
Quote:
Originally Posted by Pilot1
Just look at the two components the Feds and MEDIA love to omit. Food and Energy, including electric, gasoline and home heating fuels. Both out of control. Thanks to the Marxist Democrats.
Prices were going up under Trump too. Come on. Let's be a bit realistic. Not that the perpetually dazed and confused Biden is any better, but Presidents get a bit too much credit and blame for the economy either way.
The moral of the story is, centrally planned economy, or anything for that matter, doesn't work.
The Fed caused this inflation. Near 0% interest rates and they pumped nearly $15 trillion of created money into the economy.
They knew what they were doing.
And now they will raise rates. Just like they did last time they caused high inflation.
Might want to read up on Volcker and what he did. Prime rate went over 20% during that time.
Yes. People blame Biden but the Fed controls the money supply. If inflation keeps going the way it is, we’ll need another Volcker to get things under control. That will be a game changer for the sectors of the economy that depend on easy money to survive.
I feel for folks who heat their homes with natural gas. I've been able to afford the elevated prices so far, but I feel for those who can't afford it and have had to cut back. Although I'm sure Democrats LOVE high prices for natural gas because they want to force everyone into electric heat because climate change.
You could be correct about the Democrats and Electricity, but that would mean they are clueless about how their Electricity is produced. They must think it is magically generated in their walls.
Quote:
Originally Posted by my54ford
You know electric heat comes, in large part, from natural gas.....
Natural Gas provides at least 1/3 of the Electricity in Colorado. Coal plants produced even more.
Colorado is shutting down Coal plants as fast as they can, but then to keep the Grid stable, they have to transition to Natural Gas plants. One way or another - you are using Petroleum products. Oil is still rising $84,:early this am.
Natural Gas prices are still rising. No way to avoid that. I did read this morning in one of the Colorado Newspapers that people should layer on more clothes and huddle by South facing windows to save money.
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