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

bobknight33 says...

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.


newtboy said:

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.

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.

bobknight33 (Member Profile)

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.

It’s just delicious that the people Trump never gave a thought to, the peons that serve him, are the same people who testified to Jack Smith about all the top secret documents laying around in publicly accessible, even privately rentable areas of Maralago with absolutely no security for any of them, not locked doors, not even closed doors…at Trump’s direct order…and hidden only during pre-announced searches, again at Trump’s direct orders. They also testified about him showing top secret classified military intelligence to many foreign people he was trying to impress.

The people Trump likes to say he’s working for, the same people he doesn’t even see when they’re in the room, are the people that spilled the beans. Guaranteed he still doesn’t know who they are despite being listed by name and occupation. 😂

Oof….Michigan is looking at new election interference charges. They’re waiting for the Supreme Court to decide if their election interference laws are constitutional in the case of the two MAGA operatives that were convicted in multiple states of robo calling black voters to lie to them that vote by mail would send all their information to multiple government and non-government agencies including mandatory vaccinations, bill collectors, police, even “the man”, and would publish it publicly….all lies designed to make people scared to vote.

If those laws are deemed constitutional, most legal scholars say Trump himself violated them repeatedly, and prosecutors are preparing charges. 😂

Wow, there sure is a lot of news on these cereal boxes. I never knew General Mills was an investigative company, but you insist that’s where all this verifiable information comes from, so they must be. Maybe you should check them out.

Oooh-ooh-ooh….Mr Cotter! Giuliani’s Russian tied source in Ukraine has been charged with treason for feeding the US false intelligence supplied by Russia and undermining US/Ukraine relations under the direction of Russian military intelligence…this from the late special edition cereal box this evening.

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.

Cost of living 2001 vs today

cloudballoon says...

Stupid. A more appropriate comparison would be to show the US's inflation rate compared to other (advanced) countries.

Go look it up at places like https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

Whether Obama/Trump/Biden; Pre- or Post-pandemic... the United States is doing fine... most advanced/developed countries in the G7/10/12 are doing far, FAR worse.

While stagnation and/or sustained deflation is worse, a country that goes into hyper-inflation (think Venezuela), like Trump like to do for his properties, is the worse.

The myopic lens, living-under-a-rock people like Bob goes through their lives, and how little they know of the world... man.... is sad & pathetic.

Cost of living 2001 vs today

newtboy says...

Edit- heard the date wrong, a mistake you apparently didn’t notice despite me writing 2021, but he’s still grossly exaggerating. Inflation over the last 22 years is 75%+-, not over 140% as claimed. He doubled the true price rise.

My degree is in science, not math, so I would LOVE to have you explain the math for me. Please, enlighten me.

bobknight33 said:

Guess you don’t know about inflation or how to calculate it.

So much for your frivolous math degree

Yet again you fail.
When will you open your eyes


Dopey toolboy

Cost of living 2001 vs today

bobknight33 says...

Guess you don’t know about inflation or how to calculate it.

So much for your frivolous math degree

Yet again you fail.
When will you open your eyes


Dopey toolboy

newtboy said:

Totally *debunked *lies and bullshit. I saw this on YT and laughed at the stupidity.

1. That was not $89 worth of groceries in 2021. It was a minimum of $175 at full price. I buy groceries in California and I pay attention to prices.
Soda prices have actually gone down in California significantly since since the pandemic ended, so has milk and bacon.
More ridiculous MAGA lies.
He had to cherry pick non sale high price brands to make it that expensive…where’s the video of him buying the same brands not on sale two years ago at 1/2 the price?
Have prices gone up? yes….by 10-15% since 21, not 100%+. 🤦‍♂️

2. Who is the “they” who “printed $10 trillion” @bobknight33? It’s not the Biden administration. I know where at least $8 trillion went…and wouldn’t be a bit surprised to find another $2 trillion spent off the books by the former administration. In fact, if I recall the Trump billionaire tax cuts were expected to cost about $1 trillion per year indefinitely, while the tax vacation for wage earners ended with most paying far more today than pre-Trump….so you can blame almost $3 trillion of Biden’s debt on Trump policy. 😂

bobknight33 (Member Profile)

newtboy says...

And….
Unemployment still 3.8%
MONTHLY inflation is at .5%. Yearly down to 3.7%…better not worse.
GDP at 4.9%! WAY better, not worse.
The fed stopped raising rates before you wrote this two months ago. That’s better, not worse.
Wages- Wages in the United States increased 5.31 percent in September of 2023 over the same month in the previous year. Wage Growth in the United States averaged 6.19 percent from 1960 until 2023, reaching an all time high of 15.28 percent in April of 2021 and a record low of -5.89 percent in April of 2020.
That’s better, not worse.
https://tradingeconomics.com/united-states/wage-growth#:~:text=of%20Economic%20Analysis-,Wages%20in%20the%20United%20States%20increased%205.31%20perce
nt%20in%20September,percent%20in%20April%20of%202020.

Trump spent at more than double the rate Biden has, and lowered federal income by trillions…Biden’s spending is largely infrastructure investments (like roads, bridges, internet, etc) that historically pay off 100 fold in the long term, not handouts to billionaires that take the money offshore never to be seen again, or “walls” that are really useless fences that don’t slow the increasing undocumented immigration one bit. Biden’s spending is better for America, not worse.
Your point?

Keep fooling yourself, the proof is still in the numbers, and Bidenomics has turned the country around from the worst year in living memory in just about every way imaginable, Trump’s nightmarish 2020.

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.

bobknight33 (Member Profile)

newtboy says...

GDP AT 4.9% and rising
Unemployment at 3.8% and steady
Inflation at 3.7% and dropping

Sure sounds great. Maybe you don’t know what the word “great” means. 😂

Try asking Fox how it’s going….

bobknight33 said:

What idiotic puke are you spewing.

You get your information from the same rag that say Bidenomics is doing great.

Bidenomics is not great.

bobknight33 (Member Profile)

newtboy says...

The exact idiotic puke Republicans are doing.

Nope, got it directly from the Republicans whose families have been targeted. 🤦‍♂️
Look at Don Bacon’s public statements and the messages sent to his wife. Or Representative Miller Meeks who put out a public letter after she received multiple credible death threats. Multiple others too. All terroristic threats coming from MAGA.

Bidenomics is great. Low unemployment, high gdp, now low inflation too. The deficit is lower under Biden by half. You need to do some serious mental gymnastics to believe it’s not doing well.

bobknight33 said:

What idiotic puke are you spewing.

You get your information from the same rag that say Bidenomics is doing great.

Bidenomics is not great.

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.

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...

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.

newtboy (Member Profile)

bobknight33 says...

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.

newtboy said:

Now inflation is down to 2.1% over the last 3 months.
Yes, unemployment rose to a still rock bottom 3.8% despite 180000 jobs being created as people entered the workforce. That’s very healthy.
Wages are still rising, now at double the inflation rate, mostly at the bottom instead of the 1% that got all gains under Trump.

I guess I need to give it ANOTHER month, right? It’s all going to fall apart…you just know it! Trump said Biden has dementia, it’s not possible he’s far more competent than his predecessor. 😂

bobknight33 (Member Profile)

newtboy says...

Now inflation is down to 2.1% over the last 3 months.
Yes, unemployment rose to a still rock bottom 3.8% despite 180000 jobs being created as people entered the workforce. That’s very healthy.
Wages are still rising, now at double the inflation rate, mostly at the bottom instead of the 1% that got all gains under Trump.

I guess I need to give it ANOTHER month, right? It’s all going to fall apart…you just know it! Trump said Biden has dementia, it’s not possible he’s far more competent than his predecessor. 😂

newtboy said:

Still waiting. Unemployment went down to 3.5 in July, not up. Average hourly earnings rose 0.4% for the month, good for a 4.4% annual pace, both above expectations and inflation. When is this huge jump in unemployment and the market crash you predicted 3 1/2 months ago going to happen? 😂



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