TedG

What do you think about price controls?

Name a Democart who does not lie.

@conndaI hate people like you.

You need to provide proof of price gouging causing inflation.

Harris is dumber than a postage stamp. https://www.washingtonpost.com/business/2024/08/15/kamala-harris-economic-policy-2024/ In a statement released late Wednesday night, the Harris campaign said that if elected, she would push for the “first-ever federal ban” on food price hikes, with sweeping new powers for federal authorities.

Biden did not reduce the deficit. The COVID spending ended. There is so much wrong about your post.

The dems have built a government that we can’t afford.

Great, more deficit spending

1) I'm glad the US is sending billions to help Ukraine defend itself against Putin. Russia has already lost the war. 2) If Putin uses a nuke in Ukraine that will be the end of Putin. 3) The people of Ukraine don't want to be under the thumb of Putin. He is a sociopath.

Holy propaganda. 1) What is your opinion on Putin waging war on civilians in Ukraine? 2) Your concern for Ukrainian soldiers is touching. Do you care about the 500,000 Russian casualties?

The damage is done. The Biden/Harris admin can't run from that.

The dollar is worth less than it was in 1969. Also, houses are 40% larger than in 1969 and cars have to deal with the costs of government mandates.

This proves nothing. The US inflation was demand inflation due to government stimulus. The US inflation should have been lower. But, Joe Biden overheated the economy with too much stimulus. It was a self-inflicted wound. The UE inflation was due to high energy prices.

Oh yea, we sure benefit from debt fueled GDP growth.

Here is the a link to the CPI-W table. https://www.ssa.gov/oact/STATS/cpiw.html You can choose any endpoint you want. If you go from Jan 2021 to Jun 2024 it’s about 20.7%.

What percentage of the GDP growth was driven by government spending?

Who is benefiting from GDP growth vs who is suffering from inflation?

I just showed you the cumulative inflation using the CPI-W from Jan 2019 to Jun 2024. A person who does not understand that inflation is cumulative should not call someone ignorant.

Biden stimulus increased inflation by 4% in the USA. Mr Biden’s stimulus did, however, put a rocket under inflation. In April “core” consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. They have risen more than in other g7 countries, and their acceleration coincided with the introduction of Mr Biden’s stimulus. Research suggests that, even by September 2022, the largesse was pushing up core inflation by about four percentage points. https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

What does a GDP graph have to do with inflation?

How does this work.

You should stop making up your own narrative to support your politics.

Using the CPI-W for the USA Jan 2019 245.133 Jun 2024 308.054 308.054 - 245.133 = 62.921. 62.921/245.133 = 25.67% Inflation is cumulative.

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs Joe Biden is more responsible for high inflation than for abundant jobs The main effect of the president’s economic policies has been to boost prices