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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.

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.

5 Facts About Trump’s Indictments

newtboy says...

For someone who is so consistently wrong in every prediction you make, you sure stay optimistic. How’s that working out for you? 😂

bobknight33 said:

Fun watching the left being gullible. You are being played, again.

Williams X Jet

visionep says...

Nice dramatic music.

The thing was way too loud for recreational use. It also wasn't stable in wind and never had a safety system implemented so when there was a failure you just fell out of the sky from 100 feet up.

The 45 minute running time is very optimistic. The amount of thrust for fuel burned ( 0.683 lb/lbf/h) is not efficient. The engine also only provided 600lbs of thrust where the entire system weighed just over 400 lbs without fuel or a pilot.

No conspiracy, just not financially and technically useful enough to garner further development.

The Wikipedia article give a lot of good technical details, you can also look up the patent. A little data and common sense can easily overcome the drama created by overly dramatic music.

bobknight33 (Member Profile)

newtboy says...

Not everything….my portfolio is growing quite a bit, not shrinking by 63% this year. It grew almost 3% today alone….how about yours?
You mean that “covid dip” when it rose to 400 per share during covid and you were screaming “buy! Go all in now!”? ROTFLMFAHS! WTF are you talking about?
Tesla sells the vast majority of its cars to liberals. Tesla has massively turned off liberals (35% positive to under 10% positive) right as other options came on the market, and gotten slightly more popular (20% positive up to 25%) among conservatives who unfortunately for Tesla don’t buy electric cars. Tesla is unlikely to ever get most back. You should understand, Tesla’s days of near monopoly are over, Musk has to sell tens of billions of Tesla stock to pay his debts, which will drive it MUCH lower. You’ll be lucky if it ever gets this good again….and it’s guaranteed to go lower soon. It’s a good time to short, not buy.
FYI- Tesla cut prices by 9%+- in China, and $4k in the US because it seems so many preordered cars have had their orders cancelled and there’s a glut of unsold cars. Not exactly the booming business predicted. That 50% growth is sounding wildly optimistic right now….because today they’re shrinking. 🤦‍♂️

Jan 6 hearings were bi partisan. MAGgot Republicans didn’t want an independent investigation, and all but boycotted this one. No whining now, you asked to be left out.
To paraphrase Roger Stone…You lost. Democracy won. Fuck you. No. You lost. Fuck you!
The insurrection was a one sided seditious act, and a circle jerk by morons. It would be impossible to not find any crimes to refer. What they found is way more than enough to put him in prison for life.
Funny how you LOVE one sided investigations of liberals, like all 12 Clinton investigations, and the planned Hunter Biden investigation (that is a pure partisan one sided planned congressional investigation of a private citizen…a real nothing burger) and all the moronic “investigations “ that are the totality of the Republican platform, but denounce bipartisan investigations of Cons as “one sided”. Pick one. Are one sided investigations just theater? Then call out all the MAGA theater. Are they serious and legitimate? Then find a new baseless fantasy accusation against the Jan 6 committee.

Naaa, friendo. Me and the official ANTIFA organization go to battle fully naked covered in vaseline and glitter. Makes it impossible to keep hold of us, and forces uncomfortable explanations when our enemies get home to their wives sweaty, covered in Vaseline and glitter claiming they were at work!

bobknight33 said:

150 and falling just like everything else. Fud not helping but a great time to buy... I still expect it to go lower. Im sitting in cash.. If I were to buy today I would pick up an extra 1500 shares. FYI TESLA firing on all cylinders 50% growth YoY expected. These opportunities only come around every decade or so. The 2020 Covid dip was also a great time to take advantage of . Did you? I did.

The globe is in a recession not just Tesla -- Compare to Amazon and see.
Average recession lasts 18 months. Q1/Q2 2023 will be worse.

Jan 6 hearings was 1 sided -- a circle jerk committee . I would be surprised id the "didn't" find anything to refusal......... Just BS

No biker gear-- that's newt and his Antifa buddies.

Barbie | Teaser Trailer

moonsammy says...

I'm optimistic that the level of creativity and humor presented in the teaser means the team behind the movie has their collective head screwed on straight. The teasers / trailers that worry me are the ones that are just quick cuts of various action scenes and striking landscapes - leaning too heavily on visuals gives me serious misgivings about the writing. When teasers give a taste but legitimately *tease* us (the Matrix is a good example, or the first teaser for LotR) that seems to generally be a great sign.

ant said:

It was an awesome teaser. However, the movie might not! We'll see...

Tesla Reveals Robot at AI Day 2022 (HIGHLIGHTS)

newtboy says...

If you really believe their claim here that the first untethered walking test was done at a press conference in public, I have some hurricane proof property in Ft Meyers to sell you.

Under $20k…I hope that’s not as overly optimistic as the semi truck specs were.

It’s pretty far behind Boston Dynamics in ability, they can do flips, hop, even dance. I hope the production version is all they claim, but I’m not holding my breath.

“Don’t Look Up” in Real Life

newtboy says...

Lol.
Reasontv, the network of the insanity from Stossel, with the stated position that “free market and deregulation is the solution to any and every problem imaginable”. That’s the best you’ve got!?! Then you’ve got NOTHING. You actually complain that CNN isn’t trustworthy, then you post from Reasontv!?! Er mer gerd! 🤦‍♂️ why not just post Beck or Jones?

They completely misrepresent what the report, and climate activists, and politicians have said with bad editing and lies here, no surprise, you posted it, it was guaranteed to be DISHONEST nonsense propaganda.

Land temperatures reached 1.3C above pre industrial norms in 2020. Every prediction made has come true well ahead of schedule. Temperature rise is accelerating, it’s not the flat straight line nor a slowing rate like they showed but an increasing curve. The last 7 years were all in the top 10 hottest ever, the last decade had 9 of the hottest ever, and we are experiencing a global drought never seen by modern man….but according to you, nothing burger, totally normal, chicken little.

https://www.iflscience.com/nine-of-the-top-10-hottest-years-ever-all-occurred-in-the-last-decade-62232

There is one thing I agree with, the “12 years to stop climate disaster” notion (not what the science says btw) is wrong. We have -20 years +-. The CO2 we put in the atmosphere today will effect climate for hundreds to a thousand years, the nitrous oxide for about 120, methane around 10. We have reached the point where natural emissions will soon take over, adding more than humans ever did. Scientists estimate that’s at 1.5C, but every estimate they’ve made public has turned out to be optimistic in the extreme, so 1.5C is almost certainly wishful thinking and 1.25C is more likely the threshold. We can both mitigate the effects and slow the rate of change, but at this point staying below 1.5C is a pipe dream no one is actually even working towards.

I think the reality is that, using current models, assuming no surprises or feedback loops, we have (now 8 ) years before the adding these greenhouse gasses in the atmosphere will carry us well beyond 1.5C above “normal” with no additional emissions needed….not that we will definitely hit 1.5 by 2030 but we will be able to coast there even with zero emissions.
I know, math and science together, way too hard, better to just listen to the oil spokesmen who say “it’s a hoax, pay no attention to the cities reaching 130F, the unprecedented heat globally, the rapidly melting (or melted) glaciers that historically provide drinking water for 1.9 BILLION people, or the never before seen by man extreme global droughts, they’re all normal and natural and why are you still talking about it?”.

No surprise, one more undeniable, in your face disaster you simply deny exists….like Covid, Jan 6, Russian election interference, -3.5%gdp, Trump terrorism, etc.
Can we have your name so when the global food supply is insufficient we know who’s family to deny food?

bobknight33 said:

Silly nonsense

What Do You Know About Female Anatomy

Willow | Official Teaser Trailer | Disney+

moonsammy says...

I'm... cautiously optimistic? My assumption was it would be a remake, but continuing in that world could actually be really cool. Love that Warwick Davis is in it, and it looks like Val Kilmer is included at least somewhat (can't imagine it'll be a HUGE part)...

GOP Handmaid’s Tale

cloudballoon says...

The 1st statement is true. The 2nd statement is overly optimistic. The political landscape is littered with morally compromised & corrupt people on the right (and some left) that Republicans can and will continue to govern even for the 10~20%.

When Gas Prices Are Too High Even For Motorcycles

newtboy says...

I must be insanely optimistic, but I was hoping that by not explaining he might actually think about it and come to that realization.
I give @bobknight33 too much credit it seems.

cloudballoon said:

This rising gas prices must be happening ONLY IN THE U S of A because of Biden! My country (Canada), Europe and other places must have gas cheaper than tap water!

Idiot.

Mordhaus (Member Profile)

newtboy says...

Fuck, bro. That’s so dildos.
Good luck on the gi test. Vomiting blood sucks, and I’ve only had to for a few days once. Ugh.
Glad to hear you’ve got some time, though. Are you on a transplant list yet? The sooner the better. Do you know if a partial liver transplant is an option?

Tell your friends and family, just like I’m telling Videosift readers right now, donate blood, plasma, or platelets. You may need them some day. I know they put more albumen in you, and I’m sure you’ll need more. Know your blood type?

Stay optimistic. Wishing you well.

Mordhaus said:

No hepatitis per tests, had another 15 liters of fluid drained today. One way to instantly lose 34 pounds I guess. MRI moved to mid month and then an upper gi scope so they can see if I am one of the people who can be affected by enlarged varices in the throat and stomach. If I am, I might get to experience another fun side effect apparently, vomiting blood.

This is beyond depressing. But they did say it looks like I might have 2-5 years before the liver fully goes tits up.

Sweden offends Russia w/ parody Eurovision song

noims says...

извените, дорогаи

My Russian is poor, but then so is my apology.

Here's a lovely optimistic Russian song to make up for them being so mean.


newtboy said:

I’m offended and I demand an apology.

1000 Year Heatwave Becoming The Norm

newtboy says...

Says the dumb fuck who didn't graduate 8th grade, just like his pa and paw paw.

118F, Bob. Shouldn't be over 40F. All time highs broken world wide daily...but nope, Bob knows better than everyone with his 80 IQ and D average through middle school. You are such a dumb fuck it's amazing. I bet you also insist trickle down works for the poor, cigarettes aren't addictive and don't cause cancer, and the sun revolves around the earth carried in a flying chariot. Leave the science to people with brains, please. You only force us to ridicule you when you pretend to know or even understand it.

No Bob. All is lost now thanks to fucking idiotic morons like you.
We have tipped some tipping points, started the natural feedback loops that signal the end of our opportunity to control the changes, there is now no avoiding severe climate change that civilization will not survive, likely humans won't survive at all.

Yes, Bob, actually ALL experts, including UN experts, agree. Climate change isn't a theory, it's reality. It's unavoidable. Now, it's likely unmitigateable and unsurvivable. Your video was from 3 years ago and was overly optimistic then, assuming we would lower emissions rather than ramp them up, things are exponentially worse today because instead of curtailing our emissions we've increased them to over 36.5 BILLION tons per year...if forests were all healthy at 1900 levels they could absorb 7 billion tons, but thanks to deforestation and droughts, that's cut in half or worse. Same goes for the carbon sinks in the ocean, they were absorbing around 7 billion tons a year, now heat and acidity have all but stopped them from absorbing CO2 and destroyed the most diverse ecosystems underwater.
Estimates are 1600 billion tons of carbon are stored in permafrost as methane, which is 25 times as damaging as CO2 in the short term. That's >40 times the carbon humans produce annually, all in the worst of greenhouse gasses, and it's melting out rapidly....exploding out in many cases.

I hope you live long enough to be forced to accept responsibility for your stupidity...something fitting, along the lines of being slowly eaten alive by your family for days before they're murdered by a mob of survivors for their water before you die in agony, limbless, dehydrated, and burnt to a crisp. You deserve no less.

Such an unbelievable bat shit crazy moron you've become.

bobknight33 said:

It is FAKE.

That said according to the leftest loons we now have about 8 years before all is lost.

Un Experts no less.



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