Highest inflation since...

[Big Blitz]

Omg......

 

 

Republican congressional candidates currently hold their largest lead in midterm election vote preferences in ABC News/Washington Post polls dating back 40 years, underscoring profound challenges for Democrats hoping to retain their slim majorities in Congress next year.

 

While a year is a lifetime in politics, the Democratic Party’s difficulties are deep; they include soaring economic discontent, a president who’s fallen 12 percentage points underwater in job approval and a broad sense that the party is out of touch with the concerns of most Americans -- 62% say so.

 

As things stand, if the midterm elections were today, 51% of registered voters say they’d support the Republican candidate in their congressional district, 41% say the Democrat. That’s the biggest lead for Republicans in the 110 ABC/Post polls that have asked this question since November 1981. Indeed, it’s only the second time the GOP has held a statistically significant advantage (the other was +7 points in January 2002) and the ninth time it’s held any numerical edge at all.

 

https://abcnews.go.com/Politics/economic-discontent-criticisms-biden-lift-gop-record-early/story?id=81095146

[SoCal Deek]

12 hours ago, B-Man said:

 

MSNBC HOST’S MARIE ANTOINETTE MOMENT:

 

Just tap into your savings to pay for higher grocery prices.

 

Meh, what’s the big deal? It doesn’t really matter that Americans are paying more for groceries these days because everyone saved so much money during the pandemic. That is the logic coming from MSNBC host Stephanie Ruhle. She called it a “dirty little secret” that Americans can afford higher prices.

 

Ruhle is an MSNBC business correspondent so it caused some eyebrows to raise when she told NBC anchor Willie Geist this malarkey. She told Geist,

 

“The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so. Household savings hit a record high over the pandemic, we didn’t really have anywhere to go out and spend.”

 

This happened during her interview with Geist on the Today Show segment Sunday Focus. One of my colleagues at MRC/Newsbusters described her aptly – “inflation airhead”.

 

 

https://hotair.com/karen-townsend/2021/11/15/msnbc-hosts-marie-antoinette-moment-just-tap-into-your-savings-to-pay-for-higher-grocery-prices-n429227

Unbelievable 

I’ve been preaching to my partners about this for decades. You NEVER spend your savings! Once they’re spent…then what? What’s your Plan B? American school children need to learn about basic economics and finance before they spend five minutes on diversity and inclusion.

[Tiberius]

Inflation is Biden's fault?? 

 

What Phony Baloney 

1 hour ago, Big Blitz said:

Omg......

 

 

Republican congressional candidates currently hold their largest lead in midterm election vote preferences in ABC News/Washington Post polls dating back 40 years, underscoring profound challenges for Democrats hoping to retain their slim majorities in Congress next year.

 

While a year is a lifetime in politics, the Democratic Party’s difficulties are deep; they include soaring economic discontent, a president who’s fallen 12 percentage points underwater in job approval and a broad sense that the party is out of touch with the concerns of most Americans -- 62% say so.

 

As things stand, if the midterm elections were today, 51% of registered voters say they’d support the Republican candidate in their congressional district, 41% say the Democrat. That’s the biggest lead for Republicans in the 110 ABC/Post polls that have asked this question since November 1981. Indeed, it’s only the second time the GOP has held a statistically significant advantage (the other was +7 points in January 2002) and the ninth time it’s held any numerical edge at all.

 

https://abcnews.go.com/Politics/economic-discontent-criticisms-biden-lift-gop-record-early/story?id=81095146

Wait...polls matter now? 

 

 

[ALF]

The pandemic destroyed the world economy and supply chain with massive retirements. The buck does stop with Biden and Congress.

[Big Blitz]

46 minutes ago, Tiberius said:

Inflation is Biden's fault?? 

 

What Phony Baloney 

Wait...polls matter now? 

 

 

 

 

Show me polling in the last 40 years that had the R candidate winning and winning consistently but lost.

 

Find me one.  With a margin say greater then 3.  A significant race not like a mayoral contest in some small city in Alabama.   

 

 

You can't.   But I can find you a hundred that have the Ds consistently winning but lose.  

 

Why?  Because the polls are rigged and rigged D.  I don't know what the hell they all missed in Virginia and New Jersey - my belief is they didn't miss anything its far more likely they were trying to depress GOP turnout bc they knew it was going to be awful.  So try to dishearten the R voters.  And this is what they do.  

 

 

No polls don't really matter unless done as scientifically and as unbiased as possible.  Those tend to show the Rs doing much better.   

 

But they often are garbage because they are run by leftists trying to help leftists - up until close to election time then they try to save face by trying to get it close.   

 

 

In the case of that ABC poll - its of REGISTERED voters which always lean D.  The fact its the exact opposite......well there is a reason Patrick Leahy is saying I'm out.   

 

Edited November 16, 2021 by Big Blitz

[Tiberius]

2 hours ago, Big Blitz said:

Omg......

 

 

Republican congressional candidates currently hold their largest lead in midterm election vote preferences in ABC News/Washington Post polls dating back 40 years, underscoring profound challenges for Democrats hoping to retain their slim majorities in Congress next year.

 

While a year is a lifetime in politics, the Democratic Party’s difficulties are deep; they include soaring economic discontent, a president who’s fallen 12 percentage points underwater in job approval and a broad sense that the party is out of touch with the concerns of most Americans -- 62% say so.

 

As things stand, if the midterm elections were today, 51% of registered voters say they’d support the Republican candidate in their congressional district, 41% say the Democrat. That’s the biggest lead for Republicans in the 110 ABC/Post polls that have asked this question since November 1981. Indeed, it’s only the second time the GOP has held a statistically significant advantage (the other was +7 points in January 2002) and the ninth time it’s held any numerical edge at all.

 

https://abcnews.go.com/Politics/economic-discontent-criticisms-biden-lift-gop-record-early/story?id=81095146

Wait...polls matter now? 

 

 

[Doc]

58 minutes ago, Tiberius said:

Inflation is Biden's fault?? 

 

What Phony Baloney 

Wait...polls matter now? 

 

It doesn't matter whose fault it is.  He gets the blame because it's under his Admin.  Sorry, can't have it both ways.

[dpberr]

On 11/13/2021 at 8:47 AM, Precision said:

Michael Burry came out this week and said that inflation is much worse than a byproduct of the re-opening from COVID.  Also made comments regarding the Rivian IPO.

 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwj1_ov0tpX0AhVNm-AKHQ6QDWYQxfQBKAB6BAgOEAI&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fbig-short-michael-burry-scion-inflation-spike-economy-pandemic-reopening-2021-11&usg=AOvVaw2ejDzbftopOMYik1NrbPnj

 

My questions to the board are:

• Have you adjusted your investing strategy based on the current and upcoming inflation and if so from/into what?
• Since this clearly in not transitionary at what point do you start to panic?
• Do you think the Bidenomics issues are solvable at the midterms, during the next administration or have we reached a tipping point (runaway inflation)?
• What do think inflation will top out at?
• What are your thoughts on the largest contributing factor?     

My answers:

• Yes, we have 60% of our investments are now in commodities, foreign investments, thinking about purchasing a rental property.
• I already have which is why I made the changes previously mentioned.
• Not solvable until at least midway though the next administration.
• 13%.
• Currency devaluation. 

For those unaware, Michael Burry ran Scion Capital.  He was among the first to forecast the real estate bubble in 2007.  To learn about what led up to the crash a great movie to watch is "The Big Short".

 

My panic button is in January 2022 when food and sundries prices will go through the stratosphere as companies price in their CY22 adjustments.  I expect things like laundry detergent to go up $4-5 per overnight.  I expect gas prices here in PA to start routinely topping at $4.15, and fuels like #2 heating oil and propane to easily go up $1 per gallon.  I don't know how restaurants will survive because your $30 steak today will be $40 in a few months.  Life is going to be painful.  Tyson Foods is telegraphing what it's going to look like.  

 

The Democrats have zero chance in the midterms.  The 2022 economy will be an event that defines both the 2022 election cycle and the 2024 cycle.  Inflation was a blinking light in 2020 and Biden had to attack it immediately and he didn't. 

 

[ALF]

The US could have should have stayed energy independent , Biden put a end to that by bowing to the green new deal.

[Tiberius]

57 minutes ago, Doc said:

 

It doesn't matter whose fault it is.  He gets the blame because it's under his Admin.  Sorry, can't have it both ways.

That's cool. I agree. 

[Chef Jim]

4 hours ago, Tiberius said:

Inflation is Biden's fault?? 

 

 

 

It's not the leader's fault as much as it is how the leader deals with the issues at hand.  

 

Poor leaders point fingers and assign blame.

 

Great leaders roll up their sleeves and get to work.  

 

What is Biden doing to combat inflation?  Maybe he can hand out buttons.  

[Over 29 years of fanhood]

5 hours ago, Tiberius said:

Inflation is Biden's fault?? 

 

 

 

Take his word for it.  Last Wednesday he told Everyone in Baltimore his policies are the direct cause of price inflation and it’s a good thing. 
 

🤦‍♂️ 

[Chef Jim]

18 hours ago, B-Man said:

 

MSNBC HOST’S MARIE ANTOINETTE MOMENT:

 

Just tap into your savings to pay for higher grocery prices.

 

Meh, what’s the big deal? It doesn’t really matter that Americans are paying more for groceries these days because everyone saved so much money during the pandemic. That is the logic coming from MSNBC host Stephanie Ruhle. She called it a “dirty little secret” that Americans can afford higher prices.

 

Ruhle is an MSNBC business correspondent so it caused some eyebrows to raise when she told NBC anchor Willie Geist this malarkey. She told Geist,

 

“The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so. Household savings hit a record high over the pandemic, we didn’t really have anywhere to go out and spend.”

 

This happened during her interview with Geist on the Today Show segment Sunday Focus. One of my colleagues at MRC/Newsbusters described her aptly – “inflation airhead”.

 

 

https://hotair.com/karen-townsend/2021/11/15/msnbc-hosts-marie-antoinette-moment-just-tap-into-your-savings-to-pay-for-higher-grocery-prices-n429227

 

There is a small flaw in your logic Stephanie.  Savings is finite.  

[unbillievable]

2 minutes ago, Chef Jim said:

 

There is a small flaw in your logic Stephanie.  Savings is finite.  

Just go to the bank and get money. 😄

 

 

[Chef Jim]

26 minutes ago, unbillievable said:

Just go to the bank and get money. 😄

 

 

 

I'm surprised she didn't say we could tap into the equity in our homes that has grown greatly during the pandemic.  

[billsfan_34]

On 5/12/2021 at 11:36 AM, ALF said:

 

That's the mess W and Trump left us with.

The moment Biden took office, gas prices climbed; Why is that? Because the oil markets shook from policies they knew would fail were coming. Our economy thrives when gas prices are low, petroleum products are low to produce products, energy costs to heat and cool homes are low and well, when people actually work instead of sitting home living off the government.

[BillStime]

 

[B-Man]

 

 

SANITY SIGHTED AT NYTIMES:

 

Hard to believe as it surely is, Issues & Insights detects a concrete sign that sanity might actually be creeping back in at the Old Biased Lady.

 

Guess who she’s holding accountable for the roaring inflation?

 

“The fact that the Times, along with others in the mainstream media, admits that inflation is a problem is in itself a noteworthy development, since for months it insisted that it was just a data anomaly – one that Republicans were trying to exploit for political gain.

 

“Now, with prices for many common household goods having gone up by double digits over the past few months and no end in sight for the trend, the inflation story is impossible to ignore.

 

“But the fact that any one of these ‘news’ outlets is willing to blame Biden for the inflation spiral is a truly stunning development, given they’d spent months blasting out ‘fact checks’ that aggressively slapped down any such claim.”

 

 

Sightings of Antifa droves heading toward the Times can be expected shortly.

 

 

 

https://issuesinsights.com/2021/11/17/looks-like-joe-biden-just-lost-the-new-york-times/

 

 

[B-Man]

 

 

 

 

                                       

 

 

 

 

 

                                      

 

 

 

 

[Chef Jim]

On 11/17/2021 at 7:59 AM, BillStime said:

 

 

A few of those cause inflation.  I'll let you figure out which ones.  

 

Carry on I don't understand economics boy