Someone help me out here, what was inflation at when Biden took office? Do me a favor & site a source (if you would) so I can use that same data source to look at where they have inflation today. That way it's an apples to apples comparison.
Where Was Inflation At When Biden Took Office?
- Thread starter SamSwimmer
- Start date
Greed must be wearing down...doesn't even have energy to respond with a lie like usual.
I'm not asking for anything crazy. I'm even letting whoever wants to respond give a number & a source. I get the feeling I know why no Biden supporters have responded yet.
Now, explain where it should be after four years, historically.
What you deplorables fail to understand is that this belief that inflation is out of control is not based in reality. Normal inflation would be about 12% instead of the 19% quoted. That's not huge, out of control inflation.
We've been waiting three years for this horrible recession, yet it hasn't hit. There are plenty of things to get in Biden about, but this isn't one of them. The feds have done a solid job of avoiding a recession.
Wait…the actual number being more than 150% of what it “would” be isn’t huge?
No, that's not how math works. This is elementary level shit. Christ, this is embarrassing for you. Why do you bankers struggle so much with basic math? I have only seen it from you and Banker, and since Geaux also liked your post, I am going to blame it on a lifelong WV education instead of being bankers.
If it is currently 19% and it would normally be 12%, that isn't "being more than 150% of what it would be." It would only be 58% more of what it would normally be.
To dumb it down for you:
1) Normally, it would be 12%
2) It is 19%
3) To determine how much more it is compared to what it would normally be, you subtract 12 from 19. You take that number (7) and divide it by 12.
My god. Every once in a while, I observe growth in intelligence from posters on here, and many times, I take responsibility for that. 30Kitty is one example. When he first came here many years ago, it was awful. In almost every post of his, I called out a logic error with his arguments. He eventually got better.
But then, like in this instance, I feel like no matter how hard I try, some of you just won't get any smarter.
Geaux, don't leave your fellow deplorable out to dry. Feel free to explain how you would like his post which had an obvious and major math/logic error.
You wrote all that, and you didn’t even read what I said.
I said 19% is “more than 150% of” 12%, which it is.
I didn’t say 19% is “150% more than” 12%, because it’s not.
Why don’t you learn basic reading comprehension before you accuse others of needing the same.
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Inflation was below 2 to 2.2 under Trump with affordable interest rates and cheaper fuel prices. It’s been 3.5 to 7 under Biden with expensive fuel and high interest rates we haven’t seen since Bill Clinton was in office. No matter how you want to slice the pie, inflation under trump-good. Inflation under Biden-bad.
The inflation rate in 2020, Trumps last year, was 1.2%
2021 was 4.7%
2022 was 8%
2023 was 4.1%
The fed target rate is 2%, so Biden has been 235%, 400% and 205% of that target. Trump’s high was 2.1% and his average was under 2%.
2021 was 4.7%
2022 was 8%
2023 was 4.1%
The fed target rate is 2%, so Biden has been 235%, 400% and 205% of that target. Trump’s high was 2.1% and his average was under 2%.
SamSwimmer said:
Someone help me out here, what was the Unemployment Rate, Labor Force Participation Rate, Disposable Income, stock market, GDP, number of people employed, at when Biden took office?
Someone help me out here, what was the Unemployment Rate, Labor Force Participation Rate, Disposable Income, stock market, GDP, number of people employed, at when Biden took office?
Basically what you are saying is, is that we were better off under Trump.
SamSwimmer said:
Someone help me out here, what was the Unemployment Rate, Labor Force Participation Rate, Disposable Income, stock market, GDP, number of people employed, at when Biden took office?
Someone help me out here, what was the Unemployment Rate, Labor Force Participation Rate, Disposable Income, stock market, GDP, number of people employed, at when Biden took office?
Uh huh. That's why you edited it twice.
You should have just gone with "I fvcked up." Instead, you showed a bigger issue: an inability to use statistics logically. Nobody looks at inflation with the calculation you [incorrectly and mistakenly] presented, because it doesn't make sense logically to do that.
It's awesome, isn't it?! Money is piling on top of each other with these elevated interest rates that investment accounts are throwing at clients. I hope it never ends.
What a great way to look at it. That would be like you destroying a house a year after buying it, then having to sell it for -50% and claiming your real estate agent was awful.
Only the poors. It's been great for me.
But I didn’t. You did, clearly.
Don’t try to turn it around on me because you didn’t read my statement properly.
Live look at a condo somewhere in SoCal.
"Ah hell with it. I will just accuse them of being wrong."
Why continue to lie?
Let's look at your quote with the numbers added in:
In other words, you're saying that 19 is more than 150% of 12. That's not how math works, Big Dummy. As I said, 19 is only 58% more than 12.
Again, this is very basic stuff. This thread is proving so much of what I have railed on for years on this board. On top of that major fvck-up by you, it's also an illogical way to analyze data. I know what you're trying to say. You're just saying it wrong, on top of it being an illogical way to look at what we are discussing.
By all means, explain how his comment is accurate.
Libs trying to explain high inflation.
Hahaaa
Hahaaa
Before you dig yourself a bigger hole, ask yourself what 150% of 12 is. The answer is 18. Now, ask yourself if 19 is more than 18. The answer is yes. So, is 19 more than 150% of 12. That answer is also yes.
That was the quick, on the spot, math that I did in my head at the time I made the original post. I didn’t whip out my calculator to get the exact number so I stated the number by using that phrase specifically. I can’t help that you completely misinterpreted what I said because you didn’t read it thoroughly enough.
19 is more than 150% of 12 and it’s also 58% more than 12. Those are two completely factual, yet separate, statements. They have nothing to do with one another, and I’ve never disputed either one.
Geez rifle, take the “L” son.
If that is what you're claiming you intended, then you are a fool when it comes to statistical analysis. When looking at inflation, why would anybody look at what you tried presenting?
If inflation is .5% in 2025 and then increases to 1.5% in 2026, no intelligent person would state that 1.5% is 300% of .5%. They would say that inflation increased by 200%.
Ladies and gentlemen… This is as close to “I was wrong” as you’ll ever get from Riflearm. He knows.
The only thing I was partially wrong about was giving you the benefit of the doubt that you weren't dumb enough to make that argument. As I said, to be intellectually honest, you'll have to argue that a jump from .5% to 1.5% inflation in one year is even bigger than "huge."
It's a horribly dumb attempt you accidentally made.
It's a 3 bed/3 bath $1 million townhouse. Want to compare total cost of our properties? It's a shame that I sold the other SoCal property already. It probably would have appreciated another $75k since I sold it.
Live look at a condo somewhere in SoCal.
"Ah hell with it. I will just accuse them of being wrong."
What’s odd is that me and BC both calculated the difference the same in our posts. Maybe it’s a banking thing, and we are correct.
SamSwimmer said:
Someone help me out here, what was the Unemployment Rate(6.4, now 3.9), Labor Force Participation Rate(61.4, now 62.7), stock market (30.606, now 39,387), GDP(20,724, now 22.768) number of people employed(143,443,000, now 158,286.000) at when Biden took office? So we can do an apples to apples comparison. All sources federal govt.
Someone help me out here, what was the Unemployment Rate(6.4, now 3.9), Labor Force Participation Rate(61.4, now 62.7), stock market (30.606, now 39,387), GDP(20,724, now 22.768) number of people employed(143,443,000, now 158,286.000) at when Biden took office? So we can do an apples to apples comparison. All sources federal govt.
How’s it look when you take YE 2019 pre-pandemic numbers?
Extra’s solid stat equivalent- McDonalds sells more hamburgers at noon than they do at 4:00am. Of course they do, they’re open at noon and closed at 4:00am.
There were more people employed at the end of 2019 than there are now, almost 5 years later. The country has had zero job growth, but has 20,000,000 more people living here thanks to the Biden border.
Extra’s solid stat equivalent- McDonalds sells more hamburgers at noon than they do at 4:00am. Of course they do, they’re open at noon and closed at 4:00am.
There were more people employed at the end of 2019 than there are now, almost 5 years later. The country has had zero job growth, but has 20,000,000 more people living here thanks to the Biden border.
You aren’t correct, and you know that. I gave you the example of .5 to 1.5 to show that if you simpletons couldn’t figure it out on your own.
UE rate: OJ 4.0
Biden 3.9
LFPR: OJ 63.3
Biden 62.7
stock market: OJ 28,859
Biden 39,387
real GDP: OJ 20,951
Biden 22.768
number employed: OJ 152,045,000
Biden 158,286,000
Now you still look stupid.^^^
In this case, McDonalds sold more burgers at 4:00 a.m. See above stats. Idiot.
I told you to stop, but you just can’t.
You begin posting by stating a theoretical number. I responded by saying the actual number was more than 150% of your made up number.
At no point were we comparing actual growth numbers or statistics of any kind, be it year-over-year or over a four year period. I was responding to a theoretical number that you posted by stating that the actual number was much higher than that.
You completely misinterpreted what I wrote because, like the pot calling the kettle black, you struggle with reading comprehension on here…at a rate that’s astounding. Rather than admitting you were wrong, your only option was to start digging yourself a hole. Since you first replied to my comment, you‘ve dug halfway to China. Just stop.
No. It's because of the same problem you deal with every day. Dumbassery.
