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How Bad is The Cost of Living Squeeze In the US?

bobknight33 says...

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

Your dumber than a bag of hammers.

Newt, grow up.

newtboy said:

Shows your delusion perfectly.
It’s not worse, it’s better by every single measure used to measure any economy.

Inflation has turned around and is down to 3.24% with wage gains outpacing it by almost double, and wage gains were the highest ever at 15.28 % in April of 2021 under Biden and a record low of -5.89% in April of 2020…who was president then? Low inflation doesn’t mean shit when unemployment is at record highs wages are actually going DOWN, shelves are bare, and GDP is NEGATIVE!!
Negative wage growth is the same as inflation…it lowers earning/spending power…so does losing 15-20 million jobs!
So, combine wage growth and inflation then average in the unemployed at $0 income to get average earning/spending power, you will see earning/spending power was much LOWER in 2020 under Trump even for those that kept their jobs…when you could actually find anything to buy that is. 🤦‍♂️
I know you don’t remember a hour ago, but many of us remember 2020, the terrible, horrible, no good, very bad year in so many ways ending in a coup attempt.

Good management turned what Trump left, a triple decker shit sandwich in a festering sewer and guaranteed recession at best according to every economist, into a boom so great inflation spiked higher than just thanks to Trump wasteful overspending and pure handouts to business owners with completely unregulated no background check no repayment PPP loans, but Biden’s fed handled it and inflation is barely above average and well below all other G7 nations by far.

You think the economy is worse now than record high unemployment record low wage growth record low gdp record discretionary federal spending and record business closures!?!…by what measure buddy? What measure? Inflation is down, earning power is up….WAY UP. Your feelings don’t mean shit….in fact, fuck your feelings snowflake.

How Bad is The Cost of Living Squeeze In the US?

newtboy says...

Shows your delusion perfectly.
It’s not worse, it’s better by every single measure used to measure any economy.

Inflation has turned around and is down to 3.24% with wage gains outpacing it by almost double, and wage gains were the highest ever at 15.28 % in April of 2021 under Biden and a record low of -5.89% in April of 2020…who was president then? Low inflation doesn’t mean shit when unemployment is at record highs wages are actually going DOWN, shelves are bare, and GDP is NEGATIVE!!
Negative wage growth is the same as inflation…it lowers earning/spending power…so does losing 15-20 million jobs!
So, combine wage growth and inflation then average in the unemployed at $0 income to get average earning/spending power, you will see earning/spending power was much LOWER in 2020 under Trump even for those that kept their jobs…when you could actually find anything to buy that is. 🤦‍♂️
I know you don’t remember a hour ago, but many of us remember 2020, the terrible, horrible, no good, very bad year in so many ways ending in a coup attempt.

Good management turned what Trump left, a triple decker shit sandwich in a festering sewer and guaranteed recession at best according to every economist, into a boom so great inflation spiked higher than just thanks to Trump wasteful overspending and pure handouts to business owners with completely unregulated no background check no repayment PPP loans, but Biden’s fed handled it and inflation is barely above average and well below all other G7 nations by far.

You think the economy is worse now than record high unemployment record low wage growth record low gdp record discretionary federal spending and record business closures!?!…by what measure buddy? What measure? Inflation is down, earning power is up….WAY UP. Your feelings don’t mean shit….in fact, fuck your feelings snowflake.

bobknight33 said:

Inflation.

nuff said
Your old play book of blaming the previous administration is pure BS.
If Biden was handed a shit sandwich He has had 3 years to push policies to turn the ship around . But he hasn't It is worse.

How Bad is The Cost of Living Squeeze In the US?

newtboy says...

Your mantra.
“I can’t deny that Bidenomics has improved every single measure of our economy significantly after the record setting abject disaster of Trumps last year in office and the lingering effects of its apocalyptic mismanagement, but it will get worse someday, so Bidenomics is a failure.”
You can’t point to a single metric of economics that hasn’t significantly improved under Biden. NOT ONE. “It will get worse.” is not related to reality, it’s just your own wishful thinking, hoping for America to fail.

Such idiotic nonsense. Nothing has been worse for the economy than Republican leadership. Every recession in recent history was under Republicans because of republican policies, every economic recovery was under Democrats thanks to democratic policies. The vast majority of inflation was due to Trump spending like a drunken sailor with mommy’s credit card and increasing the debt by 8 trillion and deficit by trillions or tens of trillions more before his policies expire. Biden’s policies, Bidenomics, averted a recession/depression you (and many economists) insisted was coming by 2022 and reversed inflation faster than the most optimistic economist predicted.

Bidenomics has saved American pocketbooks from the results of 4 years of federal financial malfeasance.
Trump ended his term with a negative gdp, huge exploded deficit, rapidly growing debt, worst unemployment in living memory, a historically easy to defraud never repay ppp loan program every Republican congressperson scammed, tens of millions of disabled taxpayers and a million dead taxpayers. Trumpenomics had us on the fast road to unavoidable recession/depression in Jan 2021….Bidenomics avoided it and created a boom. 🤦‍♂️

Republican bickering has already led to our national credit rating being downgraded once, costing the nation billions in increased loan interest alone with nothing gained besides the degradation of our congress and the national union. You would happily have that continue until it bankrupted the nation irreparably then blame Biden.

bobknight33 said:

@newtboy

Better to have Republicans bicker and get nothing done than to have Bidnomics destroy American pocketbooks.

It will get worse.

NATO Declares Nord Pipeline Ruptures Sabotage

eric3579 says...

Nord Stream Pipeline Explosion Was Orchestrated By Decorated Ukrainian Colonel: Report
https://ground.news/article/ukrainian-military-officer-coordinated-nord-stream-pipeline-attack_f2dc68

By The Washington Post via Bard AI to grab below article

A Ukrainian military officer coordinated the attack on the Nord Stream pipeline last month, according to U.S. intelligence officials. The officials, who spoke on condition of anonymity, said that the officer was working with a team of Ukrainian divers who carried out the attack.

The officials said that the attack was ordered by the Ukrainian government as a way to retaliate against Russia for its invasion of Ukraine. They said that the attack was also intended to send a message to Russia that Ukraine is capable of striking at its critical infrastructure.

The attack on the Nord Stream pipeline was a major blow to Russia's energy sector. The pipeline carried natural gas from Russia to Germany and other European countries. The attack has caused a significant increase in the price of natural gas in Europe.

The Ukrainian government has denied any involvement in the attack on the Nord Stream pipeline. However, the U.S. intelligence officials say that they have "high confidence" that the Ukrainian military was involved in the attack.

The attack on the Nord Stream pipeline is the latest escalation in the conflict between Russia and Ukraine. The conflict has been going on for over eight months and has caused a humanitarian crisis in Ukraine.

Implications of the Attack

The attack on the Nord Stream pipeline has a number of implications for the conflict between Russia and Ukraine. First, it shows that Ukraine is willing to strike at Russia's critical infrastructure. This could lead to retaliation from Russia, which could further escalate the conflict.

Second, the attack has caused a significant increase in the price of natural gas in Europe. This could hurt the European economy and make it more difficult for Europe to support Ukraine.

Third, the attack has damaged the relationship between Russia and Germany. Germany was one of the main recipients of Russian natural gas through the Nord Stream pipeline. The attack could make Germany more likely to support sanctions against Russia and to provide military aid to Ukraine.

Conclusion

The attack on the Nord Stream pipeline is a significant development in the conflict between Russia and Ukraine. It is a sign that the conflict is escalating and that it is becoming more difficult to resolve. It is also a sign that the conflict is having a significant impact on the global economy.

------

The above article was published on November 11, 2023, according to the Washington Post website.

Please note that this article is based on a leaked intelligence report and has not been independently verified. The Ukrainian government has denied any involvement in the attack on the Nord Stream pipeline.

bobknight33 (Member Profile)

newtboy says...

I’m not the Lord….but thanks for saying I am, even if unintentionally.

So, it’s more projection then….and more evidence english is your second language at best, and you failed the class, and that you’ve never passed remedial math.

Disgraced traitor and failed dictator tumescent Trump has had the worst week in court history, after testifying that “sure, he did the crimes” he’s set to lose hundreds of millions and all his businesses before going to prison at best, and is set to be in court for treason all through the election, and you just CAN’T admit it. Fortunately the court system doesn’t care if you believe, and neither do independents.

If only there was some undeniable metric to tell how the economy is doing, like GDP (up beyond belief from NEGATIVE 2.3% for Trump to 4.9%), or unemployment (holding at record lows of 3.8 down from 9% Trump left), or wage growth (at 5.3% well above inflation, up from 2.6% under Trump thanks solely to low wage earners losing far more jobs or it would be zero), or inflation numbers (down enough at 3.7% that the fed stopped raising rates) we could look at to see the trends.
So sad there’s nothing we can look at to see and so I guess we’ll just have to take your word for it. 🤦‍♂️

Can you tell us what measurements you use to determine that Bidenomics have failed, or by what measure Trumpenomics were successful? All I know for sure is they are not the normal ones used to evaluate economics because they all point toward Trump’s policies being disastrous and Biden’s being amazing, well above all predictions consistently, so I’m curious what they are.

Ugh…more of the failed lawyer posting from mommy’s basement. How many times will you let this guy make you look stupid before you stop posting his rantings?

The same polling he references said we were getting another red tsunami yesterday…but we didn’t, did we? Republicans lost almost every single contest, even many that seemed to be a lock. Don’t you find it odd that you think Trumpism is so much more popular but every Trump backed candidate consistently loses? Keep clinging to false hope, it’s done so well for you in the last 5 elections. 😂

Now, aren’t you going to explain the mathematics of inflation to me and explain why 75% inflation translates to 140% price increases? I want to learn, and I know you can teach me since you have a firm grasp of math.

bobknight33 said:

Lord you just love clinging to nothingness.

Here Just look at you failed POTUS and ponder that. That whats matter,

Biden is a failed POTUS.
Clear as day.
Bidenomics has failed. You just can admit it.

bobknight33 (Member Profile)

newtboy says...

Gym Jordan and MAGA failed a third time to elect a speaker. Gym lost the first, second, and third vote to Hakeem Jeffries. Every vote he lost worse.

MORE evidence that MAGA cannot even work with itself, much less others. You people are just fucking children….and you ARE children.

Good job at being a total laughing stock. If it didn’t paralyze our government, it would be hilarious, instead it’s horrifically bad for our economy, international standing, our allies, and our future.

Oh shit….Judge Engoron is prepared to put Trump in prison for intentionally not complying with the gag order by not removing the post accusing his clerk of having an affair with Chuck Schumer from his campaign website. Ruling later today….gonna be great. Bye Donny.

bobknight33 (Member Profile)

newtboy says...

😂 Hunter, not Joe. 😂
Sucker. That’s the best you’ve got? Quit now in shame. Hunter isn’t a politician, Trump is.

“Tool and Propagandist” Says the guy who still unflinchingly supports a serial rapist, pedophile, convicted charity thief who stole from the needy including disabled vets to the extent he’s permanently barred from any involvement with any charities, and repeated multiple million dollar fraud and thief who tried to foment a coup and sold classified state secrets, even repeatedly handing top secret highly classified military secrets to foreign powers, sometimes for cash and sometimes for nothing more than attention. 😂
I don’t post ridiculous fantasy propaganda claiming it’s news, then pretend I never did that when invariably it’s proven to be nonsense slander you made up or intentionally “misunderstood” and just refuse to acknowledge you’ve ever been wrong when, in fact, you’ve almost never been correct, not even a little bit. I provide statistics, facts, and reliable references where those facts and numbers come from, you offer at your best random internet trolls making up nonsense to trigger your hatred of the “other”…also called propaganda.

Yes, Hunter had a drug problem 5-7 years ago after his brother died…and he went broke…this is not news, it never was.

Trump has a current rape problem, a lying (slander) problem, multiple felony bank and tax fraud problems, felony business fraud problems, serious treason problems, election fraud problems, Trump also pays for sex (WAY more than Hunter ever did and every time he gets some) and is also broke….but Hunter isn’t running for public office.

If Hunter could access the fund (and I’m not saying he did, you are not a credible source of information, and you don’t use credible sources), it wasn’t hers.
My parents set up a trust they (and I) couldn’t access, good thing too, I would have had nothing by the time I went. Parents raiding their children’s college fund is not abnormal, especially in Trump’s economy when this allegedly happened.
Hunter’s children can go to any college they are accepted at thanks to Joe.

It seems you have no evidence of what he did with it if he took it, just guesses. Maybe he gave it to her mother for safe keeping. Maybe he spent it on her. You don’t know, in fact you don’t know if any of this is true. Your sources simply aren’t a bit credible.

I guess you’ve abandoned the utterly ridiculous lie about him being paid billions by the Chinese and Ukrainians, because there’s not a person in history that could survive $2 billion in crack and hookers, and he wouldn’t have had a low balance if they had. Another of your dumb lies destroyed by the next even dumber lie. 😂

Your story is Hunter told his bankers to liquidate what they can and he loves them both? 😂

Funny you don’t want to talk about Trump running away from court like a coward instead of standing up to the judge and prosecutors like he swore he would, or dropping his dumb lawsuits that will still cost him millions like a coward because he’s terrified of being deposed and knew he would come off looking like a criminal idiot.
Funny you don’t want to discuss him getting tossed from the Forbes richest men list because he’s actually in debt and his net worth was always nothing but self reported lies 2000%-10000% contradicted by what he reported on his taxes, there was never a scintilla of truth to his financial status, never.
Funny you don’t want to discuss the fraudulent loans he took, sometimes from criminal elements or hostile powers, always under fraudulent statements of his net worth or his collateral’s value.
Funny you don’t want to discuss the thousands of contractors he ripped off, never paid, and often drove into bankruptcy by not paying his bills, or their children who didn’t have a college fund because Trump stole the money. 😂

You really need to stop the “Hunter” stupidity. No matter what he’s done, he’s not running for office so it’s meaningless and is only a good opportunity to compare his problems with Trump’s abject criminality and disgustingly abusive sexual behavior including repeatedly paying porn stars for sex while married, lusting after his young teenage daughter publicly, sexually abusing young teenaged contestants at his beauty competition, and treating all others with distain and hatred if they aren’t groveling at his feet, even those he hired.

bobknight33 said:

Your just a TOOL of the left. A propagandist

https://www.zerohedge.com/political/hunter-biden-raided-daughters-college-fund-20000-buy-hookers-and-drugs
Hunter Biden Raided Daughter's College Fund For $20,000 To Buy Hookers And Drugs: Report.

On Dec. 17, 2018, Hunter's money managers warned of his extremely low balance, according to records obtained by the Daily Mail. That's exactly when, according to Hunter's Memoir, he was in his "penultimate odyssey through full blown addiction," when he was dropping thousands of dollars on prostitutes and crack cocaine.

In response to the warning, Hunter ordered the bankers to transfer $20,000 from his daughter Maisy's educational savings account, early withdrawal consequences be damned.

"liquidate what you can' and 'Live [love] you both," Hunter wrote

bobknight33 (Member Profile)

newtboy says...

@bobknight33… Still waiting.

Another month of 338000 new jobs, twice what was predicted.
Unemployment has still not gone up from 3.8% one bit.
Wages still rising twice the inflation rate or better.

Massive government investment in America despite near unanimous Republican opposition created this.

Keep lying to yourself, the economy is doing well despite repeated Republican attempts to sabotage it with “shutdowns”, and never forget what 2020 was…worst unemployment in living memory and worst gdp ever….Trump policy at work.

bobknight33 said:

3.8% unemployment will go up.
Inflation is not at 2.1% Going down yes but not at target.
FED still need to destroy jobs.
670K Full-Time Jobs Lost In 2 Months Vs 1 Million Part-Time Surge; Worst Unadjusted August Payrolls Since Great Recession.

Massive Government spending created this.

Keep fooling yourself . Biden economics are hurting Americans and it will get worse.

Government spending is out of control - both sides to blame

newtboy says...

“Both sides to blame”…who last balanced the budget, bob? Clinton.

And who took a surplus that had been lowering the debt and turned it into a doubling of the national debt and recession/depression in 8 short years?
Who just added $8 trillion to the debt in 4?
All Republicans.
The one thing the last 3 Republican presidents have is starting with an economic boom and causing a recession.
It’s just utter nonsense that republicans are better at the economy, they destroy it every single time they get control, then Democrats rebuild.

It's OVER For San Francisco

newtboy says...

Market Street/downtown has been a declining shithole for decades. Other parts of the city are thriving. It’s not one of the most expensive cities in America because of the weather.

Yes, petty theft is a problem, but incarceration didn’t solve it, it just cost the state hundreds of millions to house shoplifters. I don’t have the solution, but clearly effectively decriminalizing theft isn’t it.

Looked at the source’s videos, apparently according to him every city in America is failing rapidly and will be a wasteland by 2024….but then he said America’s economy was over, total collapse imminent 9 months ago….and the auto industry was collapsing, tech sector collapsing, Turkey collapsing, Chicago collapsing, New York collapsing, California collapsing, China collapsing, global shipping collapsing, stock market collapsing.
This guy is ridiculously pessimistic even by my standards….and tends to ignore most of the facts. Booooo.

A sane analysis of an insane situation

newtboy says...

In January 2020, the Donald Trump-led Justice Department formally declared that impeachment inquiries by the House are invalid unless the chamber takes formal votes to authorize them, which has not happened.

The FBI, DOJ, AG, and other government departments are bound by their still valid decision, so won’t be responding to any subpoenas until the full house votes for the inquiry.

This inquiry is going to be the freedom caucus alone in a room with no witnesses or evidence because their inquiry is not valid without a full house vote first. Hopefully the Democrats will put a babysitter in there to watch them so they don’t foment another coup attempt.

https://www.politico.com/news/2023/09/12/trump-doj-assist-biden-impeachment-probe-00115393#:~:text=In%20January%202020%2C%20the%20Donald,formal%20vote
s%20to%20authorize%20them.

Edit: even after caving and trying to start this illegal inquiry, McCarthy is still facing a removal vote from his own party, and has indicated he expects a government shutdown at the end of this month if Social Security and Medicaid aren’t cut drastically or ended completely. More proof Republicans can’t lead and are the worst possible stewards of the economy or nation.

Bidenomics

newtboy says...

High rent and low wages are two Republican promises they delivered on.

The groceries he claims are $100 worth would cost under $50 in California, where cost of living is on the high end if not the highest…unless there’s a $50 gift card hidden inside the greeting card or those drinks cost over $10 each. What nonsense.

I give Bob verified facts and statistics often with citations, he replies with randos whine/lying on the interweb that eggs cost $20. 😂

Nice try convincing people the economy is failing. That’s the new Republican lie. You need it to be true or your world view falls apart…but it’s simply nonsense bob. “Hide and watch, it’s going to all fall apart tomorrow” is no rebuttal for actual economic numbers and trends. 😂

bobknight33 (Member Profile)

newtboy says...

😂 You unbelievable ijit! 😂

I give you verified facts and figures…you scream “NOT!!” And send back randos whining on the interweb about low minimum wage high rent and fake food costs that all got much worse Jan 2017-2021. Typically, you have no facts or statistics to offer because they don’t support your position at all.

Whining about their low wages at entry level jobs, which is a thing conservatives fought hard to keep, never rising rock bottom low wages and ever increasing rent. Now you blame Biden for low minimum wages your party wants even lower and refuses to raise. Under Biden, wages are rising at 4.4%, double inflation and double the rate they increased under Trump, but now mostly at the low end instead of 99% of gains going to the top 1% and nothing (or cuts) to hourly workers under Trump. Profits are record setting too, driving a significant portion of inflation. 😂

Lying about $45 worth of food costing $100 (unless those drink cans are >$10 each not $2, the two old spices are $25, the hidden meat is filet mignon and another >$25 not $10 chicken, you pay $10 for fresh OJ not the $3 I pay, and the card has a gift card inside).

I live in rural Northern California, where everything is expensive…that’s well under $50 in groceries here. 😂 🤦‍♂️

Liars.

Bidenomics staved off a recession/depression everyone predicted after Trump, cut inflation faster than any other western country, raised wages twice as fast as conservatives targeting the low end, and created more jobs than the last 4 Republican presidents combined in 3 years, all while delivering record corporate profits and a strong market.
Trumpenomics was a disaster that lost 3 million jobs, lost actual earning capacity for most (wages rose slower than inflation), had the first ever negative gdp in our lifetimes, caused massive inflation, and lowered our national credit rating for the first time….failed on every metric used to gauge the economy.
And never forget he tried to end democracy, killed 1 million Americans, and IS A RAPIST.
Sleepy grandpa wiped the floor with him from his basement despite all your MAGA fervor and outrage. 😂

Thanks for the laughs. You liars are always hilarious when trying to make a point you know facts and reality don’t support.

bobknight33 said:

Bidenomics is GREAT! NOT

bobknight33 (Member Profile)

newtboy says...

Bullshit. You’ve claimed Biden’s (lack of) leadership would lead to a depression soon since the day he took office…actually you’ve claimed that it would if he’s elected since before he won the election in a historic landslide, and have been claiming unemployment numbers would soon skyrocket up since they started dropping shortly after he took office.
I’m glad you now deny that, it means you at least now realize how wrong you were for so long, even though you would never ever admit it. Better to just deny the position you’ve held for the last 3 years. 😂

Things (meaning the economy and the legal woes of your messiah) are ramping up, fool.

It takes time…and failure of leadership, and other forces out of anyone’s control. It hasn’t come to pass despite years of time and external global forces effecting other countries worse than ours…guess why.

You just look at what blazetv Alex Jones and internet randos tell you and think you know something, and in 2/3 of those outlets their creator has admitted in court it’s all pure unadulterated nonsense. 😂

bobknight33 said:

Since Jan 21. Never Said than or anything even close.

Everything is winding down. It takes time. But you are a joke of information. You think you know everything but you don't. I don't I just look at at what is going on.

bobknight33 (Member Profile)

newtboy says...

You’ve been saying that for what, at least 4 months… but really since Jan 21. Hasn’t happened, but sure as fuck did with your party in control. D’oh.

Trump created record setting unemployment levels…record HIGH unemployment.

(Adjusted) Inflation FOR THE LAST 3 MONTHS is 2.1%. For the year it’s 3.2%. I know reading comprehension is not a strong suit for you, but I spelled it out.

“Fed still need to destroy jobs”? Is this a prediction, or your theory? It’s so poorly written with such horrible grammar that it’s impossible to understand you.

More jobs were created than lost dummy…and good paying full time jobs. 13 million net jobs have been created under Biden, 3 million were LOST under Trump, the only modern president to lose jobs.

Massive government spending created the inflation…mostly under the previous administration that added $8 TRILLION to the debt in 4 years and dropped federal income significantly by letting billionaires pay less in taxes than fast food workers.

The economy is doing great. Inflation is low, wages are rising fast, unemployment is nothing, the market is booming, predictions for recession have evaporated and now they’re for a boom. Only morons that refuse to accept that a Democrat is better at the economy than conservative know nothings that refuse to admit it, but the numbers CONTINUE to bear it out despite your constant insistence it’s going to crash next week.

Tomorrow,tomorrow, we’ll go broke tomorrow, (but) it’s always a day away. -bob

Keep fooling yourself. Bidenomics is helping Americans and it’s getting better constantly. People who ignorantly believe what you say wouldn’t ever vote Democrat anyway, no matter what, but everyone else outside the cult sees reality and that’s great for the left and a disaster for bankrupt MAGA, especially next November.

bobknight33 said:

3.8% unemployment will go up.
Inflation is not at 2.1% Going down yes but not at target.
FED still need to destroy jobs.
670K Full-Time Jobs Lost In 2 Months Vs 1 Million Part-Time Surge; Worst Unadjusted August Payrolls Since Great Recession.

Massive Government spending created this.

Keep fooling yourself . Biden economics are hurting Americans and it will get worse.



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