Why does President Biden keep blathering on inheriting a 9% inflation rate?
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But during this large bump in inflation, the spike in oil was a big catalyst for products to rise in price. Nearly everyone was raising prices because they had to and often because they could. Just look at those high profit margins. Next, workers were in high demand and saw prices go UP on what they bought. Plus, they observed their companies make a lot of $$. So they hopped jobs or went on strike. The FED claimed it was "transitory" which every single solitary business owner with a brain knew it wasn't transitory, and because of it, we are where we are.
Therefore as I said, the Ukraine spike in oil prices did add fuel to the fire (no pun intended.) Part shortages added fuel to the fire. The slowdown at the ports did too. What people bought and why changed the landscape of the economy. etc, etc, etc.
Now, did Biden's policy have something to do with inflation? OF COURSE they did! So did Trump, the FED's, other country spending sprees, etc. My point here is people who blame only our senile president who was busy trying to buy votes, need to think deeper. It's a culmination of problems. And the R's are also guilty. While we were arguing, BOTH sides of the government got in all of our wallets by way of eroding our net worth in real dollars. They extracted $$'s from us. For instance, I need another 35% more in retirement (the REAL inflationary impact) in 2024 versus 2019. They stole from us and people here are only blaming Biden.
I'm way o.k. with a lot of policies that Trump believes in. Closing the border (which he isn't a purist by any stretch of the imagination), having Europe pay more for their military, correcting Chinese market manipulations, etc. I love those policies and he could go further by shutting down a lot more government waste. I'm no fan of Biden. But he isn't the anti-Christ. AOC-type policies would be.
Funny thing about the profit margins, for most companies they stayed the same percentage wise. If a business had a profit margin of, say, 2% and revenues doubled but the margin stayed at 2% the company wasn't really ahead. It seemed so because of the big new number.
Funny thing about the profit margins, for most companies they stayed the same percentage wise. If a business had a profit margin of, say, 2% and revenues doubled but the margin stayed at 2% the company wasn't really ahead. It seemed so because of the big new number.
Hell, Subway's massive sandwich price hike == massive profits. Again, I'm not blaming them. Yes, their cost of goods sold went up. Yes, labor went up. But their margins jumped! I'm assuming margins are down now because everything settled and prices on nearly everything jumped.
In short, what happened was inflation enabled more inflation.
This is what politics has come down to lately, a race to the bottom and who can outlie the other guy.
Instead of focusing on Trump's policies that contributed to the inflation issues we face today and also his policies that he would implement if re-elected that will continue to **** us, he resorts to lying.
Not surprising of course, considering he doubled down on the same overspending, deficits and stimulus that Trump loved and poured gasoline on the inflation fire.
Moral of the story? Both these guys suck and have no ground to stand on when it comes to this issue.
Hell, Subway's massive sandwich price hike == massive profits. Again, I'm not blaming them. Yes, their cost of goods sold went up. Yes, labor went up. But their margins jumped! I'm assuming margins are down now because everything settled and prices on nearly everything jumped.
In short, what happened was inflation enabled more inflation.
Of course. Because you are a critical thinker. I wish I could say that about other posters.
Possibly. My point was, that each party spends, spends, spends. And yes, the Dem's spend, spend, spend, spends..... And Spends.
Correct ^^. Let's not forget, the surge in oil prices (the Ukraine war) tossed a lot of fuel into the fire.
IMO, the Trump fanboy posts get old...
Trump is a former Democrat, and he still has some of the views of the old school dems. Like GW Bush and all the dems, Trump is a fan of big government solutions, which naturally means spending big money.
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Because you are a critical thinker. I wish I could say that about other posters. 
