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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.

Palestinian UN Ambassador At UN

newtboy says...

Hint- Not being 100% free of fear is no excuse for becoming the invading Nazis themselves. The Nazis used fear of the other as an excuse for expansionist inhumanity too….it’s not one.
Having lived through fascist oppression one would think they would be vehemently opposed to it, but they are instead relishing it.
Look at Netanyahu’s face when he talks about crushing and eradicating Palestinians, he’s really enjoying it.

If your group is suddenly being lambasted from all sides, you might consider why, not just whine that it’s unfair and scary. There’s good reason for rising anti Zionist sentiment today…and many on both sides aren’t bright enough to distinguish that from anti Jewish sentiment.

In some places, the six pointed star is the most prevalent symbol of murderous fascist hatred. Guaranteed it’s freshly painted on hundreds of flattened buildings today, many with dead children still inside. That’s a bit worse than a kid’s provocative tag under an overpass. Other recent instances include mosques burnt down and tagged with star of Davids. Don’t get it twisted, don’t excuse violence over fear.
https://www.haaretz.com/middle-east-news/palestinians/2020-07-27/ty-article/.premium/west-bank-mosque-set-on-fire-vandalized-with-hebrew-graffiti/0000
017f-f494-d47e-a37f-fdbcd6f20000

bcglorf said:

If a hint is needed for why the 1940s immigration happened, folks all over western cities are spray painting logos right now to remind us all.

Link below is to my tiny province's capital, but it's hard to find cities that aren't seeing it swastika's popping up all over. The left is suddenly all soft though now on the punch a nazi policy...

https://www.cbc.ca/news/canada/manitoba/anti-semitic-graffiti-removed-from-pedestrian-underpass-1.7023036

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

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...

@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.

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? 😂

Biden's shuts down Pubtards who claim legislative credit

newtboy says...

Thank you for verifying I’m 100% correct.
Your denials are as good as any evidence.

Biden Inflation 3% and falling - the rapist Trump left it at 8% and rising
Biden Unemployment 3.5% and steady - Trump the rapist left it at 7% and rising
Biden’s GDP expected 4% - Raping fraud Trump left it at a horrific NEGATIVE 2.7% the worst in living memory.

PS- you might want to find sources for information that aren’t all hyper biased randos on the internet with no clue but a love for rapists. This is from some internet real estate guru in Texas and is solely for entertainment purposes, “Your reliance on any information on the channel is solely at your own risk”. I guess you missed their disclaimer. 😂

The numbers don’t lie, but you do.

bobknight33 said:

You are 100% wrong, again.

The Biggest Science Story of the Week

newtboy says...

*doublepromote someone else finally noticing global dimming as a significant factor in global warming.

Global dimming from excess sulfur dioxide may be responsible for cutting the current excess anthropogenic heat in the system by between 15% to 50% depending on the study.
https://www.cnbc.com/2022/10/13/what-is-solar-geoengineering-sunlight-reflection-risks-and-benefits.html
What this means is, if we stop polluting tomorrow, the CO2 and other greenhouse gases will continue to warm us at the same rate for decades to centuries, but the sulfur dioxide that has blocked between .25 to 2 degrees Celsius temperature rise will be gone almost immediately, and a significant sudden rise in temp will be the result kicking off or feeding more feedback loops.

While it may seem he’s onto some global warming solution…just put more sulfur dioxide into the atmosphere…that ignores the lower growth rates and lost solar production it causes by deflecting a significant percentage of sunlight, both adding to net CO2 added to the system.
The incredibly scary part is the whitehouse and other international governments are actively researching ways to inject sulfur dioxide into the upper atmosphere despite knowing it has so many issues.

There’s no easy fix.

bobknight33 (Member Profile)

newtboy says...

More Trump officials directly physically involved in Jan 6 convicted.

This time Frederick Klein, a Trump administration official, now convicted of 12 charges for being part of the violent vanguard attacking police to gain access to the capitol building.
Found guilty of, among other violent seditious acts, charges of assaulting, resisting, and impeding police officers. He hit multiple officers, shoved them out of the way, and used a stolen riot shield to block police from closing the doors he and his cohorts had forced open.
This man had top secret security clearance, and remained at his position in the administration after he violently attacked democracy on Jan 6. He was not fired, he quit Jan 19.
😂

How you like Bidenomics now that, contrary to every MAGgot’s prediction including yours who said inflation and unemployment would explode, wages fall, and a recession was a certainty, unemployment remains at record lows, wages are rising from the bottom/middle (not just CEOs), inflation dropped at record rates, and the economy is strong?
While you Cartman-like morons attacked a private citizen for being attractive to women, Dark Brandon has quietly repaired the horrific damage to the economy Trump did (massive deficit and debt explosion, double digit unemployment, and negative GDP!?!) and then some. 😂

Need another 25 high powered Republican child fuckers? I’ve got a truckload ready for you, and I mean an Australian road train size truckload! Just ask.

WONKA (2023 Movie) Trailer | Timothée Chalamet, Hugh Grant

newtboy says...

Yes, “to”. Like pandering TO MAGA, or pandering TO children (I know, I repeat myself). Not pandering until we reach the LCD, but pandering to those who ARE the LCD.
I agree, we are WELL past the early stages of Idiocracy, when 1/4 of all people are brain dead, and now closer to 1/3, maybe 1/2 of us being idiots and rising.

cloudballoon said:

"To"? I believe we're already there...

bobknight33 (Member Profile)

newtboy says...

Let me guess….now that Justice Sonia Sotomayor is caught using her staff to help sell books, Supreme Court ethics matter, Justice John Roberts should reverse his 2011 decision to not have any ethics rules at all for justices, and she should be disbarred, right?
But not the MAGA judges who all took tens of millions in free gifts from people with cases before the court, who have completely delegitimized the court and damaged its reputation beyond repair.

FYI-

Double the expected jobs, 1/3 of the expected inflation. Those revised job numbers you said would go down went up. Revised July (2nd quarter) GDP is 2.3%, well above predictions of .5%-.9%. Also, wages are now outpacing inflation by 1.6% and rising! Ready to go blue? 😂

PS- Ray Epps is now sueing Fox for slander for accusing him of being the leader of an fbi plot to cause Jan 6 and frame MAGA, even though they knew he was MAGA with no ties to any federal organization, not fbi, cia, oss, or irs. He hired the lawyer that Dominion used, and has the testimony of Abby Grosberg, Tucker’s ex senior executive producer…so expect another 8 figure settlement for more MAGA lies.

bobknight33 (Member Profile)

newtboy says...

Once again, I welcome your dire predictions because your prognostication skills are nill, and when you predict something it’s near guaranteed to not come to pass.

I wonder if you even know what you mean by “ Unemployment will go up per FED”. It sounds like you are saying the fed raising rates will raise unemployment rates as they lower inflation. Is that what you’re saying?

Yes, unemployment WILL go up from historical lows we see today, that’s a given. That in no way indicates the fed, or Biden administration are screwing things up, it actually indicates they know what they’re doing and have a good handle on the economy. Dow up 700 today, near 1000 for the week. Jobs created numbers are unexpectedly good, and average wages are rising FAST (4 times faster than under the last administration according to the SSA, contrary to your assertion)…only you could see this and think “I was right, it’s falling apart from poor leadership”.



Go on and erase this post, since I know you’re too infantile not to. It makes me feel really accomplished every time a post gets to you so bad you need to erase it, and that’s quite a lot lately. 😂

bobknight33 said:

Unemployment will go up per FED.

The jobs added were lower paying jobs.

Time my friend give it time.

bobknight33 (Member Profile)

newtboy says...

250000 more jobs in April.
Unemployment in 2020 topped 14%, today down to 3.4%.
2020 gdp -3%. 2021 gdp +5.9%
Sure sounds like that spending turned some tides.

Markets are somewhat stagnant (but still rising at 5%+- a year) for two reasons…1) the purely Republican caused banking failures caused by Republican forced through deregulation toon in 2018 leading to exactly what the regulations were designed to prevent and 2) the Republican blackmail of the economy using the debt ceiling that daily costs more as investments and international partnerships dry up because no one wants to be tied to a nation that won’t pay its bills…or that threatens to not pay its bills over partisan blackmail schemes.

bobknight33 said:

The economy is like it is because of too much spending too quickly. Look at the increase over last 4 years.



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