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

newtboy says...

I’m still waiting for you to explain how 75% inflation over 22 years becomes 150% increased prices under Biden as you claimed. Please, I need your expertise in mathematics to make the world make sense. 😂


To my dumber than a bag of hammers-
😂 🤦‍♂️ 😂
So that’s a “yes”, you do think the economy is worse now than in 2020 solely because inflation is doubled and you don’t understand earnings/purchase power . 🤦‍♂️
I grant you, inflation is still elevated, but down near 2/3 and well below what other countries are experiencing, so is getting better not worse. Hyperactive economies can tend to have inflation issues, and the Biden economy exploded like it was made of lithium deuteride.

Yes booby, prices have gone up on average, they always do…and on average everyone makes more too….much more. If prices go up 3% and wages go up 6% you have 3% more buying power, A GAIN…that’s pretty basic math for it to go so far over your head. In 2020 prices went up near 1.5% (for items still on shelves) but wages went DOWN near 6% (for those who were still employed) for a >7% LOSS in buying power. See how Bidenomics is better yet?

Probably not…ask a 3rd grader…is being able to buy 3% more yearly better than only being able to buy >7% less than last year?

Earning power is rising fast, double inflation, so are GDP and employment rates unlike under Trump when not only was there still inflation (granted much less thanks to the floundering MAGA economy) but wages actually went down significantly GDP went NEGATIVE and up to 20 million jobs evaporated thanks to mismanagement (NZ didn’t have that problem).

When inflation is barely above 3% and wages are rising at near 6%, yes, things cost more, and average people can also BUY MORE you fucking idiot.
I know, that’s keeping two things in your head at once, so impossible for you to comprehend, but trust me, that’s reality. You should try it some time.
You think you have something because inflation went up, largely thanks to Trumps horrific last year of hyper spending and the economic crash his mismanagement caused but also due to Biden’s economic recovery outpacing the most optimistic predictions…but you are too dumb to see the other half of the earning equation…wages. Since earnings are rising at double inflation, people can buy more.
Again, in 2020 wages went down almost 6% with 1.5% inflation (during a massive negative gdp) so earning power went down by almost 7.5%…today inflation is 3.24 but wages are rising at nearly 6%, giving a RISE in earning power of 2.75%. That is a >10% difference, going from a 7.5% loss of buying power in 2020 to a 2.75% rise this year…and no recession. That’s called winning.
Inflation is only one part of the equation, buddy, and is absolutely meaningless without the other parts.

Yes, I repeated myself…I hoped by saying it over and over some might get through.

Interest rates…😂😂😂 true, Biden didn’t lower rates to zero and still have a stalled economy, he had to raise them to combat inflation…it worked, and hasn’t stalled the boom yet. You claim to be rich…high interest rates shouldn’t mean a thing to you…or do you really carry massive debt and aren’t really rich at all? 😂

As a side note, the stock market is also booming, paying great for those who are invested. Similar to wage growth since many (like me) live off investment earnings.

Gas prices have dropped sharply, today below $3 in 1/3 of the country and $.22 lower than a year ago on average. That’s costing LESS! Try again.

Many staple food prices are lower too. National average turkey prices were cheaper than last year, so are eggs. Try again.

According to Edmonds, “ The good news is that, in general, prices have been on the decline since late 2022. In May 2022, the average selling price of a vehicle was about $721 over MSRP. Compare that to July 2023, when the average selling price was about $714 below MSRP.”. Try again.

American's purchase power is rising, under Trump it plummeted like never before. I know, you just don’t understand. It’s ok boob. Adults understand.

I bought a bag of hammers for $10 at a yard sale…it was incredibly smart of me. I got about 10 hammers including 3 small sledge hammers and 2 metal framing hammers. My bag of hammers purchase was quite smart. 😂

Boob, get a brain. You might ask the scarecrow how he got his, because you really need help. I’ve never met a person as dumb and delusional as yourself, and I’ve known some real idiots.

Try this simple example.
Last week a soda cost you $1, and you made $12 an hour ($1 every 5 minutes). This week a soda costs $1.20 but your pay went to $15 ($1 every 4 minutes). Yes, the soda costs more this week…INFLATION!…are you better off now or were you better off with cheaper soda last week? Show your work. (I’m pretty certain that second grade math is just too hard and I won’t see a reply).

THIS IS WHY YOU FAIL EVERY TIME BOOB. BECAUSE YOU DON’T UNDERSTAND WHAT YOU RANT ABOUT AT ALL.
GO TO SCHOOL AND LEARN THE BASICS.

bobknight33 said:

" 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.

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.

bobknight33 (Member Profile)

newtboy says...

You should meet yourself.

You don’t post those anymore (you used to until I beat you up over ridiculous lies and suppositions about Biden with proven facts about Trump, once again proving the accusation is an admission) because there’s absolutely zero evidence of any such thing, but tons and tons of payoffs, multiple unreported hidden secret foreign Trump “bribe me here” accounts including but not limited to unreported accounts in Azerbaijan, Brazil, Canada, China, Dominican Republic, Georgia, Grenada, India, Indonesia, Ireland, Israel, Mexico, Panama, Philippines, Puerto Rico, Qatar, South Korea, Saint Martin, Saint Vincent, Turkey, United Arab Emirates and United Kingdom, actual trades and offers to trade personal payments/favors to Trump/fam for stolen top secret classified documents PROVEN against Trump, and multiple actual trials against him for criminal abuses of office, absolutely nothing against Biden besides ridiculous whining liars, like you.

I would say you should stop looking stupid, but you are what you are…with you it’s not a “look”.

Everything I posted is fact, court filings and actual reporting of what those involved said (with no opinion added).
Remember, you recently posted gleefully about the one Democrat ACCUSED of having child porn…no conviction there…why jump the gun? Why can’t you ever wait until news is “real”….or is the definition of “real” or the “rule” different for you than everyone else…or can you dish it out but are way too thin skinned to take it? *ding ding ding ding

Tell me what isn’t legit. I double dog dare you….can’t call you a tool, tools are useful. You are a fool, and a willing one.

I know you wish I would stop rubbing your party’s constant, unbelievable, history making criminality in your face daily…but more is prosecuted and more are convicted daily, more top Republicans are convicted in $60 million bribery schemes, more go on the run from the law daily, more terrorist Maggots are fleeing to Belarus and Russia to avoid extradition daily. Certainly you want to know what your team is up to/dragging you into.

bobknight33 said:

You are the most gullible person I know.

Biden /China/ Ukraine payoffs are more legit story. I dont post those because nothing has yet to come of those.

Quit looking stupid and just wait for reality to catch up to the fake news --- IE post when news is real.

Till then just stop begin a blind tool.

Buildings Continue To Collapse In Turkey And Syria

newtboy says...

YIKES!

Deaths are now over 11500 and expected to skyrocket.
Temperatures in Turkey are in the 20s at night.
Some areas are expected to be uninhabitable for years.

People complain that California building codes are insane…this is why. We will have a 7.8 or higher in a major population center some day, and just hope those codes are enough to prevent this kind of destruction.

eric3579 said:

Sooo many building collapses.

newtboy (Member Profile)

Merry Christmas / Happy Holidays / Season's Greetings ! (Sift Talk Post)

mintbbb says...

Merry Christmas, we are having a white and cold one this year in my neck of the woods. Hope everybody is safe and doing great!

Now back to prepping the turkey.. =)

Pedro, the turkey, from the movie Giant.

cloudballoon jokingly says...

Never too early to teach the young ones a dollop of reality eh?

Reality is a dish best served cold (turkey), I say!

moonsammy said:

I can't believe how long the kids melting down went on for! It was great as a quick joke, but as someone who has had young children and is fucking *thrilled* they no longer do this shit, that scene was painful.

Vladimir Putin left waiting for Turkish counterpart Erdogan

newtboy says...

I had this wrong. In my defense, there had been excessively little coverage of this plan on American TV or media.

Astonishingly, this was the UN, through Turkey as an intermediary, negotiating between Russia and Ukraine to allow safe passage of Ukrainian grain ships out of Ukrainian ports for sale on the world market, and more astonishingly, it’s been successful. Russia has agreed to allow and guarantee safe passage to, and Ukraine guarantees safe passage through minefields for cargo ships going in and out of these ports held by Ukraine.


newtboy said:

Russian grain shipments should halt until all Russian aggression and expansion is halted and reversed. I believe the grain they’re discussing is the Ukrainian grain blatantly stolen by Russia. No NATO or UN. Nation should even consider paying Russia for it or allowing them to transport it.

ant (Member Profile)

ant (Member Profile)

WKRP in Cincinnati Turkey Drop

WKRP in Cincinnati Turkey Drop

Cornucopia

eric3579 (Member Profile)

General Mark Milley hits back at uproar over critical race..

newtboy says...

Lol.
So delusional, bob2.
China and Russia both expanded their territories into our allies territories during Trump's presidency, so did Daesh....he not only did nothing, he kissed their filthy assholes and asked for seconds. He abandoned our allies fighting Daesh, allowing them to survive and be a continuing danger to us.

True, China, Russia, and terrorists were laughing at us under Trump, but not so much anymore. Biden doesn't stand with Putin against our own intelligence community and our allies and treaties, nor with China against every other nation in Asia, nor with Russia, Turkey, and Syria when they try to starve millions of refugees. That was ALL Trump.

Hilarious you morons act like this is something new. CRT began in the 70's, not in January. Knowing your nations history, good and bad, is smart. The military has been teaching it for decades, including during Trump's entire term. Suddenly you are up in arms over it....why not 4+ years ago? You morons want to celebrate and foster ignorance and attack knowledge. No wonder you guys are such dumb losers.

You don't even grasp the obvious...
To know your Enemy, you must become your Enemy. ... If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle. Know thy enemy and know yourself; in a hundred battles, you will never be defeated.

You idiots don't want to know the enemy or ourselves, and have convinced yourselves that ignorance is bliss and strength. It's not. It's painful weakness.

TangledThorns said:

The military has been infiltrated by woke folk. China and Russia's military plus Muslim terrorists are laughing at Biden now.



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