OrangeBills Posted February 9, 2023 Posted February 9, 2023 11 hours ago, cle23 said: Ok, what is the excuse for the past 24 years then? It has been rising for years. Why, when inflation was low in 2019, was credit card debt the highest on record? If debt increased solely when inflation did, I would agree, but it doesn't. Are SOME people going into debt buying necessities? For sure. But tons more are going into debt buying things and crap they don't NEED. Cars, phones, trips, etc. This is a pretty dumb analysis. Our GOVERNMENT has basically tied all of life (including gov't transfer payments) to having a phone. You take is just not accurate. Agree, the crisis resulting from the Biden Admin will lead to consumers eventually trading down, but you don't get it.
cle23 Posted February 9, 2023 Posted February 9, 2023 4 hours ago, OrangeBills said: This is a pretty dumb analysis. Our GOVERNMENT has basically tied all of life (including gov't transfer payments) to having a phone. You take is just not accurate. Agree, the crisis resulting from the Biden Admin will lead to consumers eventually trading down, but you don't get it. I'm not arguing that people don't need phones. I'm talking about the people who upgrade every 3-6 months and pay thousands of dollars to do so. That was just 1 example as well of people racking up debt. Please, explain to me how credit card debt is SUDDENLY the fault of the president and not the fault of consumers. The previous president holds the current record for cc debt (not blaming him), and cc debt has been trending up for decades. It isn't a sudden problem. Show me where cc debt is tied to inflation. It's been climbing for decades regardless as to what inflation has been doing.
B-Man Posted February 14, 2023 Posted February 14, 2023 Inflation Surges after Biden Bragged About Beating Inflation at the SOTU In just two years, your paycheck(s) has become over 15 percent less valuable, and that’s assuming you don’t spend your money mostly on essentials like housing, food, and energy, the prices of which have outpaced topline inflation. Lastly, just to further evidence the dishonest game being played, when year-over-year inflation was pushing almost 10 percent, administration officials used month-over-month data to brag about inflation actually being “zero.” Now, they are going the other way. Nothing matters to these people, least of all your ability to afford a decent life. https://redstate.com/bonchie/2023/02/14/auto-draft-108-n703428 1
Biden is Mentally Fit Posted February 15, 2023 Posted February 15, 2023 Joe is CRUSHING it* *the dreams of middle class Americans
Doc Posted February 15, 2023 Posted February 15, 2023 47 minutes ago, JDHillFan said: Joe is CRUSHING it* *the dreams of middle class Americans Who cares? Drag Queen show-and-tell yall.
B-Man Posted February 15, 2023 Posted February 15, 2023 I’M SO OLD, I REMEMBER BIDEN TAKING A VICTORY LAP OVER INFLATION IN HIS LATEST STATE OF THE UNION ADDRESS: Inflation Barely Slowed in January, but the Underlying Numbers Are Still Worrisome. https://pjmedia.com/news-and-politics/rick-moran/2023/02/14/inflation-barely-slowed-in-january-but-the-underlying-numbers-are-still-worrisome-n1670366
Doc Posted February 15, 2023 Posted February 15, 2023 19 minutes ago, Roundybout said: No kidding! Eggsactly.
SoCal Deek Posted February 15, 2023 Posted February 15, 2023 Ya see? It’s all about eggs and balloons these days! (If you read these headlines just a couple of years ago you’d have bet your life it was on the Babylon Bee.)
Roundybout Posted February 15, 2023 Posted February 15, 2023 17 minutes ago, SoCal Deek said: Ya see? It’s all about eggs and balloons these days! (If you read these headlines just a couple of years ago you’d have bet your life it was on the Babylon Bee.) Well breakfast tacos are pretty good, so.
Doc Posted February 15, 2023 Posted February 15, 2023 32 minutes ago, Roundybout said: Well breakfast tacos are pretty good, so. Yup. Just ask Dr Jill Biden... 29 minutes ago, B-Man said: And skip buying the WSJ. 1 1
B-Man Posted February 16, 2023 Posted February 16, 2023 CNBC: Producer price inflation "coming in hot," accelerating more "than expected." But, but, that's RNC Research ! No. its a clip from CNBC
Gene Frenkle Posted February 17, 2023 Posted February 17, 2023 10 hours ago, B-Man said: CNBC: Producer price inflation "coming in hot," accelerating more "than expected." But, but, that's RNC Research ! No. its a clip from CNBC Yes, inflation is certainly NOT over. Nice to see you do accept facts when they align with your political ideology. Did you know that 10 of the 11 U.S. recessions between 1953 and 2020 began under Republican presidents?
B-Man Posted February 20, 2023 Posted February 20, 2023 WE'VE GOT THE RECEIPTS: Biden’s Inflation Is Crushing the Middle Class, No Matter What Stupid Lies He Tells. “That’s Joe Biden’s inflation tax making us all poorer, just trying to buy the same food, cars, and houses we could buy before his spending ***** began.” https://pjmedia.com/vodkapundit/2023/02/20/bidens-inflation-is-crushing-the-middle-class-no-matter-what-stupid-lies-he-tells-n1672221
B-Man Posted February 22, 2023 Posted February 22, 2023 THE PRICE OF BIDENFLATION Yesterday the stock markets had their worst day of the year, so far. From today’s Wall Street Journal: Quote Walmart and Home Depot offered cautious outlooks as consumers spend more on food and less on electronics, apparel and home improvements, with inflation and changing habits hitting demand for many goods. All of this is, and has long been, blindingly obvious. The federal government engaged in trillions of dollars in mostly wasteful deficit spending. The money was free! But of course, nothing is free: the consequence was inflation, in effect a tax on all of us. With belts tightened due to rising food and energy costs, most consumers have limited their discretionary spending. The troubled stock markets are just one indicator of what is in essence a declining standard of living. The Biden administration’s happy talk about the economy is borderline insane. And things are going to get worse. Pretty much all of the policies being followed by the federal government, and many states, will contribute to an ongoing decline in living standards. The attack on fossil fuels and blind insistence on an impossible “transition” to wind and solar energy will cause the cost of energy to explode. The attack on agriculture, which is only now beginning in earnest, will force food prices up. The installation of DEI commissars in every government agency and substantial corporation is in itself wasteful spending, and worse, will make our corporations and government agencies less efficient and thereby raise costs further. And rampant crime imposes enormous costs that are borne by everyone except, too often, criminals. https://www.powerlineblog.com/archives/2023/02/the-price-of-bidenflation.php
Gene Frenkle Posted February 22, 2023 Posted February 22, 2023 Hey @B-Man, what does Tucker say about it? 1
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