Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-12-2022, 08:29 AM
 
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

Advertisements

Quote:
Originally Posted by fastball92 View Post
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.
Reply With Quote Quick reply to this message

 
Old 01-12-2022, 08:30 AM
 
29,078 posts, read 14,395,636 times
Reputation: 14274
Quote:
Originally Posted by BlakeJones View Post
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%

December Consumer Price Index Rises 7%
https://www.cnbc.com/2022/01/12/cpi-december-2021-.html
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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 08:31 AM
 
Location: Knoxville, TN
10,999 posts, read 5,693,536 times
Reputation: 21611
Quote:
Originally Posted by fastball92 View Post
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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 08:36 AM
 
Location: NMB, SC
42,330 posts, read 17,679,898 times
Reputation: 34524
Quote:
Originally Posted by Igor Blevin View Post
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'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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 08:47 AM
 
23,801 posts, read 14,928,654 times
Reputation: 12835
If this going on 3 year worldwide Covid pandemic illustrates anything, it is that we are nearly as smart as we think we are.

At the beginning produce at the grocery store was in short supply while the growers for restaurants were plowing it under because they had no markets.

All the ships waiting to get onto port while the haulers can'y find drivers.

Meanwhile politicians are making millions fund raising by spreading misinformation.

There is some serious cognitive dissonance happening while we blame the POTUS.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 08:56 AM
 
200 posts, read 170,938 times
Reputation: 387
Quote:
Originally Posted by tolovefromANFIELD View Post
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.
dont disagree with any of this. what a disaster!
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 09:00 AM
 
Location: Morrison, CO
34,160 posts, read 18,441,288 times
Reputation: 25732
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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 09:05 AM
 
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 View Post
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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 09:08 AM
 
Location: USA
18,454 posts, read 9,088,404 times
Reputation: 8490
Quote:
Originally Posted by TMSRetired View Post
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.
Reply With Quote Quick reply to this message
 
Old 01-12-2022, 09:14 AM
 
17,348 posts, read 9,178,237 times
Reputation: 11804
Quote:
Originally Posted by cowboyxjon View Post
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 View Post
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top