billb
Senior Eminence Grise
Posts: 3,082
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Post by billb on Aug 21, 2024 9:19:09 GMT -8
Remember the inflation rate is down - supposedly prices increases have slowed down. Prices nearly always go up, but they have gone up very fast over the past three years. I bet we will see a quiet revision of those numbers. There is always great fanfare when the initial numbers come out, but the revisions are always less prominent.
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MDDad
Master Eminence Grise
Posts: 6,814
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Post by MDDad on Aug 21, 2024 9:48:46 GMT -8
I guess I don't understand why so many leftists can't comprehend that inflation is CUMULATIVE. A 3% inflation rate after a 9% inflation rate is not good news.
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Bick
Administrator 
Posts: 6,900
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Post by Bick on Aug 21, 2024 22:33:24 GMT -8
There's an overwhelming absence of basic economic knowledge here.
I know... I'm preaching to the choir.
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SK80
Master Eminence Grise
Posts: 7,376
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Post by SK80 on Aug 22, 2024 7:07:11 GMT -8
& Inflation on needs, Housing, Energy, Food are up even more than on wants. The way I see it with the cumulative inflation under Bidenomics, which Joe and Kamala own, is somewhere in the 20+% range. In simple terms, in their short time in office, less than one term to date, you're buying power is about 80% of what it was just 3 years ago. HORRIFIC!
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billb
Senior Eminence Grise
Posts: 3,082
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Post by billb on Aug 22, 2024 21:31:18 GMT -8
Here is the problem as I see it. If Trump wins he will need to bring in some austerity measures. We can't go on like this forever. But if he does, it will hurt, in the short run IMO. Like Larry Elder used to say, you need that medicine, but it tastes bad, but will heal you in the long run.
Why did CA raise the minimum wage for fast-food workers? I think it was because they needed a tax boost before they go insolvent in Sacramento. They are talking about raising it even more.
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tarmac
Senior Statesman
Posts: 859
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Post by tarmac on Sept 18, 2024 8:37:33 GMT -8
This is spot on.
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