B-Man Posted February 14, 2022 Posted February 14, 2022 Inflation falls hardest on low-income Americans. https://www.detroitnews.com/story/business/2022/02/13/inflation-falls-hardest-low-income-americans-tdn/6778383001/
B-Man Posted February 14, 2022 Posted February 14, 2022 ‘Old, drunk, and STUPID is no way to go through life’: Nancy Pelosi claims inflation is a GOOD THING and pisses EVERYONE off (watch) https://twitchy.com/samj-3930/2022/02/14/old-drunk-and-stupid-is-no-way-to-go-through-life-nancy-pelosi-claims-inflation-is-a-good-thing-and-pisses-everyone-off-watch/
B-Man Posted February 15, 2022 Posted February 15, 2022 Bad news for Americans..........again. BREAKING: Bidenflation shocker as producer price index jumps 1% in January, 9.7% in past year ED MORRISSEY Feb 15, 2022 Wall Street expected the news from the producer price index (PPI) report to be unpleasant. The actual numbers on wholesale inflation turned out twice as bad as they expected. “It’s much bigger than we anticipated,” Rick Santelli remarked as the monthly PPI rose 1% and year-on-year PPI inflation went up 9.7%: {snip} In other words, the CNBC panel explains, the argument that we have hit “peak inflation” is nonsense. “There is nothing inside these numbers,” Steve Liesman tells the panel, “that indicates that this is the peak.” It certainly doesn’t indicate that inflation will “taper off,” as Joe Biden said “14 Nobel laureates” told him in his interview with Lester Holt. https://hotair.com/ed-morrissey/2022/02/15/breaking-bidenflation-shocker-as-producer-price-index-jumps-1-in-january-9-7-in-past-year-n448701
Chef Jim Posted February 15, 2022 Posted February 15, 2022 On 2/13/2022 at 9:03 AM, B-Man said: In my mind he’s not to blame. He’s charged with fixing it. Let’s go Brandon. Fix it.
Doc Posted February 15, 2022 Posted February 15, 2022 31 minutes ago, Chef Jim said: In my mind he’s not to blame. He’s charged with fixing it. Let’s go Brandon. Fix it. He's at least partly to blame. But yes, it's his job to fix it.
B-Man Posted February 16, 2022 Posted February 16, 2022 US producer prices surge 9.7% from a year ago Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. Excluding volatile food and energy prices, wholesale inflation rose 0.8% from December and 8.3% from January 2021. https://www.msn.com/en-us/money/markets/us-producer-prices-surge-97-25-from-a-year-ago/ar-AATSsA6
BillStime Posted February 17, 2022 Posted February 17, 2022 Wait - what? The America First crowd was no where to be found? Idiots 1
Irv Posted February 17, 2022 Posted February 17, 2022 11 hours ago, B-Man said: US producer prices surge 9.7% from a year ago Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. Excluding volatile food and energy prices, wholesale inflation rose 0.8% from December and 8.3% from January 2021. https://www.msn.com/en-us/money/markets/us-producer-prices-surge-97-25-from-a-year-ago/ar-AATSsA6 What a mess!
Chef Jim Posted February 17, 2022 Posted February 17, 2022 33 minutes ago, BillStime said: Wait - what? The America First crowd was no where to be found? Idiots So who is in charge to fix it?
BillStime Posted February 17, 2022 Posted February 17, 2022 2 minutes ago, Chef Jim said: So who is in charge to fix it? You are Jim - fix it
Chef Jim Posted February 17, 2022 Posted February 17, 2022 1 minute ago, BillStime said: You are Jim - fix it I know how. Our illustrious leader seems to have zero clue.
BillStime Posted February 17, 2022 Posted February 17, 2022 5 minutes ago, Chef Jim said: I know how. Our illustrious leader seems to have zero clue. Oh you do? Flipping burgers doesn’t count.
reddogblitz Posted February 17, 2022 Posted February 17, 2022 6 hours ago, BillStime said: Wait - what? The America First crowd was no where to be found? Idiots 99% sounds high. Woody Allen's original quote was 80%. Sounds a lot more believable to me. https://tompeters.com/2008/06/eighty-percent-of-success-is-showing-up/
All_Pro_Bills Posted February 17, 2022 Posted February 17, 2022 On 2/12/2022 at 9:12 AM, BillsFanNC said: Now unemployed "social media influencers" are preaching about the virtues of inflation. Maybe pay a bill for the first time sweetie and figure out how life works before imparting your wisdom on everyone..
SoCal Deek Posted February 17, 2022 Posted February 17, 2022 3 minutes ago, All_Pro_Bills said: Now unemployed "social media influencers" are preaching about the virtues of inflation. Maybe pay a bill for the first time sweetie and figure out how life works before imparting your wisdom on everyone.. That describes AOC perfectly!
TSOL Posted February 17, 2022 Posted February 17, 2022 Who, at this point, can defend this administration, and the entire liberal/ progressive agenda? With this issue in the Ukraine the media is already preparing us for gas prices to jump another .50¢ How do you defend this administration? How can you even make any comparison to the previous administration that had the economy humming like a well.oiled machine. Biden is a horror show, what defense is there for this administration?
B-Man Posted March 1, 2022 Posted March 1, 2022 NOTHING TO SEE HERE, MOVE ALONG: Inflation Raises Expenses for Pension Funds: Cost-of-living increases are rising significantly for the first time in years, adding to retirement system liabilities. Rising inflation is driving up expenses for many large U.S. pension funds that have promised retirees cost-of-living raises. About half of states link pension benefits for some or all of their retired workers to changes in the consumer-price index, according to the National Association of State Retirement Administrators. With inflation reaching 7% in December, some retirement funds are now looking at increasing pension checks by 3% or more for the first time in a decade. At others, board members or state officials are approving one-time cost-of-living raises. “It’s a hot topic,” said Keith Brainard, the association’s research director. “A cost-of-living adjustment can be an expensive plan provision.” Pension funds are confronting a challenge shared by institutions and household savers alike: Just as expectations for public market investment returns are dimming, everyday costs are going up. This year, many retirement systems will book a loss on cost-of-living adjustments, rather than the annual windfall they have been seeing for years when those inflation-linked increases came in below expectations. https://www.wsj.com/articles/inflation-raises-expenses-for-pension-funds-11646000689?mod=hp_lead_pos1
B-Man Posted March 13, 2022 Posted March 13, 2022 Larry Summers Is Second Obama Economic Adviser To Blame Biden For Inflation (Video) by Mike LaChance This week Obama economic adviser Steve Rattner said that Biden shouldn’t be blaming Russia invading Ukraine for inflation.He said Biden owns this.Now another Obama economic adviser, Larry Summers, is blaming Biden for inflation.Biden used to work with these men in the Obama White House. Bloomberg News reports: Summers Faults Biden for Tying Inflation to Putin, Company Greed. Former Treasury Secretary Lawrence Summers criticized the Biden administration’s emphasis on Russian President Vladimir Putin’s invasion of Ukraine and on price gouging by companies in ascribing causes for the surge in U.S. inflation. https://www.thegatewaypundit.com/2022/03/larry-summers-second-obama-economic-adviser-blame-biden-inflation-video/
Recommended Posts