Biden's Inflation Reaches 8.6%, Setting New Four-Decade High

[Archetype XLIV]

Inflation Reaches 8.6%, Setting New Four-Decade High

The Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022, meaning that inflation surpassed record highs, a Friday morning report from the U.S. Bureau of Labor Statistics revealed. The new figure surpassed the Dow Jones estimate of 8.3% year-over-year inflation — the same level seen...

www.dailywire.com

 

[big_country90]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

 

[WVUSerg]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

He will say supply side failure

 

[Archetype XLIV]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

 

[Archetype XLIV]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

He's the lamest of lame duck Presidents.

I'm curious, yet unclear, on what ghoul the DNC will trot out to replace him.

 

[i am herdman]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

 

[-CarlHungus-]

I cannot wait until the Presidential debates. I want to hear Biden defend his term as President.

You talking the final debates, or the democratic primaries where Bernie runs against him?

 

[-CarlHungus-]

He will say supply side failure

He will also say global inflation...

BUt US inflation is surpassing most of the west. And the US dollar is the reserve currency, so of course other places would have inflation.

Inflation is when demand outpaces supply. Of course supply chain is causing problems, but they just cannot acknowledge we poured gasoline on a post pandemic demand fire that was about to blaze.

 

[Jartard]

 

[Archetype XLIV]

 

[Raoul Duke MU]

Four decades ago, about when we started "permanently" fixing inflation by exporting jobs overseas to cheap labor.

 

[extragreen]

SUPPLY SIDE FAILURE

 

[Archetype XLIV]

SUPPLY SIDE FAILURE

THE RESPONSIBLE PARTY

 

[extragreen]

SUPPLY SIDE FAILURE

 

[i am herdman]

Random,

Your cousin is doing a great job of posting and adding to the conversation.

hahahahaaa

 

[Archetype XLIV]

SUPPLY SIDE FAILURE

^^^ Softer than baby shit. ^^^

 

[i am herdman]

You talking the final debates, or the democratic primaries where Bernie runs against him?

you are seeing part of the bernie agenda now and hence, where we are at.

it might get worse under bernie.

this is a new green deal problem. when you delcare "war" on the one staple of energy we have, fossil fuel, this is where we are at.

 

[-CarlHungus-]

you are seeing part of the bernie agenda now and hence, where we are at.

it might get worse under bernie.

this is a new green deal problem. when you delcare "war" on the one staple of energy we have, fossil fuel, this is where we are at.

I was only 1/2 joking, but I think it's the in the Overton window he gets primary'd, especially if Trump isn't running. If Trump runs I think they rallly around Biden and I think he (Biden) very well wins that election again.

 

[i am herdman]

I was only 1/2 joking, but I think it's the in the Overton window he gets primary'd, especially if Trump isn't running. If Trump runs I think they rallly around Biden and I think he (Biden) very well wins that election again.

Lot of ball to be played out. If this thing gets much worse they won't let Biden run again.

And, if American would elect a Bolshevik like Bernie then we deserve what is coming. Trump is going to run. Can't see Biden winning again. They can't cheat like they did that last time and if things keep getting worse no way enough people will voted to continue down this path. If they do, hell with them and the country is lost.

Trump just went like 102-18 in endorsements across the country. Don't hold me to that exact number but it is was a big winning percentage. A recent poll shows between 65 and 70% of Repubs want him as the nominee. It is up to him to decide if he wants to run or not. I look for a Trump/DeSantis ticket.

 

[Archetype XLIV]

 

[mlblack16.]

Four decades ago, about when we started "permanently" fixing inflation by exporting jobs overseas to cheap labor.

So, are you defending Biden then and stating that he's not fvcking up?

 

[SamSwimmer]

Biden’s Energy Secretary isn’t exactly inspiring hope things will get better. Neither are the democrats with this dog & pony shit show they’re putting on while Americans need them to address real issues.

 

[SamSwimmer]

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Biden is supposed to read a teleprompter today & address the runaway inflation under his presidency. Want to take bets on who he blames? Or if he’ll do that insanely weird whisper thing he does?

 

[Archetype XLIV]

Biden is supposed to read a teleprompter today & address the runaway inflation under his presidency. Want to take bets on who he blames? Or if he’ll do that insanely weird whisper thing he does?

Yes.

 

[raleighherdfan]

We have about 18-24 months more of inflation under current economic environment. Of course, the only thing that can offset this rise...is a stock market implosion/crash as liquidity continues to be sucked out of the system. Which is where I believe we are headed.

Yes. This is what the Dem (wet) dream of narrowing the wealth gap looks like.

 

[extragreen]

^^^ Softer than baby shit. ^^^

You're a lying idiot.

 

[extragreen]

you are seeing part of the bernie agenda now and hence, where we are at.

it might get worse under bernie.

this is a new green deal problem. when you delcare "war" on the one staple of energy we have, fossil fuel, this is where we are at.

You're a lying idiot trumptard oath breaker.

 

[extragreen]

Lot of ball to be played out. If this thing gets much worse they won't let Biden run again.

And, if American would elect a Bolshevik like Bernie then we deserve what is coming. Trump is going to run. Can't see Biden winning again. They can't cheat like they did that last time and if things keep getting worse no way enough people will voted to continue down this path. If they do, hell with them and the country is lost.

Trump just went like 102-18 in endorsements across the country. Don't hold me to that exact number but it is was a big winning percentage. A recent poll shows between 65 and 70% of Repubs want him as the nominee. It is up to him to decide if he wants to run or not. I look for a Trump/DeSantis ticket.

You're a lying idiot trumptard oath breaker.

 

[extragreen]

Biden’s Energy Secretary isn’t exactly inspiring hope things will get better. Neither are the democrats with this dog & pony shit show they’re putting on while Americans need them to address real issues.

You're an idiot.

 

[extragreen]

We have about 18-24 months more of inflation under current economic environment. Of course, the only thing that can offset this rise...is a stock market implosion/crash as liquidity continues to be sucked out of the system. Which is where I believe we are headed.

Yes. This is what the Dem (wet) dream of narrowing the wealth gap looks like.

You're an idiot.

 

[SamSwimmer]

Yes.

So not only is Joe blaming the “Putin price hike” he’s now blaming the “Putin food tax.” Biden is absolutely a feckless leader.

 

[Archetype XLIV]

So not only is Joe blaming the “Putin price hike” he’s now blaming the “Putin food tax.” Biden is absolutely a feckless leader.

Yes.

 

[Raoul Duke MU]

So, are you defending Biden then and stating that he's not fvcking up?

Most people would understand I was making a comment about what happened to contribute to four decades of very modest inflation, which was unusual. You, however, are not most people.

At the time of the Great Recession and Bailout we began to pump shitloads of free money into the system. The chickens have come home to roost. At this point I am not sure even God could fix it....at least in a way that would palatable to most people. I do think inflation will come down somewhat when the oil shock ends.

Me, I am just hoping we sell our home before the bubble bursts.

 

[SamSwimmer]

Mortgage rates crossed 6% this morning

 

[mlblack16.]

Mortgage rates crossed 6% this morning

My God, those rates with the current housing market prices will cause things up come to a standstill. That or people will be house poor, giving up far too much of their income towards monthly mortgage payments.