US and Vietnam get a friendship upgrade

[heybruce]

21 hours ago, Skipalongcassidy said:

I see that you are not current on your information sources... try Google... or www.census.gov 

When asked for a source you don't point in a general direction, you give a specific source.  Like this one:  https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/

 

It shows inflation taking off at the end of the Trump administration, wages lagging initially as they always do, and wage now exceeding inflation. 

 

That's how it generally works; people don't know how high inflation is until after it happens, so negotiate wages for the future without knowing what future inflation will be.

[Skipalongcassidy]

18 hours ago, placeholder said:

Once again, the double standards of right wingers are confirmed. They're very quick to defend Trump from being held responsible for the economic consequences of the Covid pandemic. But when it comes to Biden, it's all his fault. In fact, the US is outpacing  the rest of the most of the developed nations in its recovery from the massive inflation that afflicted most of the world. Anyone in command of an ounce of rationality would acknowledge that this inflation, being so widespread, cannot rationally be attributed to the actions of any administration. But the response to it can be. And it's clear that Biden's economic program has boosted the US out of descending into a recession. Remember all those predictions of an imminent deep recession facing America with high unemployment? Instead the US is enjoying historic low levels of unemployment. And inflation is falling faster in the US than in other major developed countries.

Work harder, buy less— this is the failure of Bidenomics

 

BUT once again... I agree with you... "it's all Trump's fault"... now what has joe done to better the lives of Americans???

 

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods that includes gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates.

Prices climbed 3.7% from the same time last year, faster than both the 3.2% reading in July and the 3.6% estimate from Refinitiv economists. It marked the steepest monthly increase this year, underscoring the challenge of taming high inflation.

Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.3% last month and 4.3% annually. While both of those figures are lower than previous readings, the monthly core measure climbed faster than expected.

Edited September 14, 2023 by Skipalongcassidy

[Skipalongcassidy]

16 hours ago, candide said:

One of the lowest inflation rates in G7. Not to mention the highest GDP growth in G7 

 

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods that includes gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates.

Prices climbed 3.7% from the same time last year, faster than both the 3.2% reading in July and the 3.6% estimate from Refinitiv economists. It marked the steepest monthly increase this year, underscoring the challenge of taming high inflation.

Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.3% last month and 4.3% annually. While both of those figures are lower than previous readings, the monthly core measure climbed faster than expected.

[placeholder]

4 minutes ago, Skipalongcassidy said:

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods that includes gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates.

Prices climbed 3.7% from the same time last year, faster than both the 3.2% reading in July and the 3.6% estimate from Refinitiv economists. It marked the steepest monthly increase this year, underscoring the challenge of taming high inflation.

Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.3% last month and 4.3% annually. While both of those figures are lower than previous readings, the monthly core measure climbed faster than expected.

Actually, on an annual basis, core inflation declined from 4.7% to 4.3%

"This pared-down measure — known as “core” CPI — fell to an annual rate of 4.3% in August from 4.7% in July."

https://www.cnbc.com/2023/09/13/heres-the-inflation-breakdown-for-august-2023-in-one-chart.html#:~:text=Inflation measures how quickly prices,2022%2C the highest since 1981.

 

And while inflation did rise, over half of that comes from the rise in price of gasoline/petrol.

 

And how does the US record on inflation compare to other economically developed nations? Still pretending that this is a US phenomenon that the Biden administration had some hand in causing? Still conveniently amnesiac about the effect of the Covid pandemic on the economy?

[Skipalongcassidy]

1 minute ago, placeholder said:

Actually, on an annual basis, core inflation declined from 4.7% to 4.3%

"This pared-down measure — known as “core” CPI — fell to an annual rate of 4.3% in August from 4.7% in July."

https://www.cnbc.com/2023/09/13/heres-the-inflation-breakdown-for-august-2023-in-one-chart.html#:~:text=Inflation measures how quickly prices,2022%2C the highest since 1981.

 

And while inflation did rise, over half of that comes from the rise in price of gasoline/petrol.

 

And how does the US record on inflation compare to other economically developed nations? Still pretending that this is a US phenomenon that the Biden administration had some hand in causing? Still conveniently amnesiac about the effect of the Covid pandemic on the economy?

Keep drinking the Koolaid... Bidenomics is a catastrophe for Americans.

[placeholder]

40 minutes ago, Skipalongcassidy said:

Keep drinking the Koolaid... Bidenomics is a catastrophe for Americans.

Thank you for the fact-free rebuttal. You can't even acknowledge that you got an inflation claim wrong.

[Skipalongcassidy]

1 hour ago, placeholder said:

Thank you for the fact-free rebuttal. You can't even acknowledge that you got an inflation claim wrong.

Actually you and I are using the same source for our take on the matter... so how can I be so wrong and you be so right at the same time... maybe because I am not a denier of how it has affected every household in the USA with higher prices for everything and Biden has done nothing to alleviate the problem he just keeps dumping on it...  

[placeholder]

33 minutes ago, Skipalongcassidy said:

Actually you and I are using the same source for our take on the matter... so how can I be so wrong and you be so right at the same time... maybe because I am not a denier of how it has affected every household in the USA with higher prices for everything and Biden has done nothing to alleviate the problem he just keeps dumping on it...  

I pointed out that you claimed that the current 4.3% was an increase in the annual rate when actually it was a decline. Now, if you've got evidence that the 4.3% rate was actually an increase, by all means, share that with us.

 

Are you seriously denying that inflation in the US has taken a sharp turn downwards and, in fact, that it leads all the other major fully developed economies and most of the rest of the smaller ones, in reducing inflation? You got evidence to support that?

 

And are you blaming Biden for the worldwide inflation that followed the pandemic? It's his fault that most of the world experienced a sharp rise in inflation? A rational person would look for a common cause for that worldwide inflation. A blindly partisan one, not so much. A blindly partisan person would claim that the vicissitudes the US economy experienced due to Covid was not one President's but was the fault of his successor. 

 

 

[candide]

4 hours ago, Skipalongcassidy said:

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods that includes gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates.

Prices climbed 3.7% from the same time last year, faster than both the 3.2% reading in July and the 3.6% estimate from Refinitiv economists. It marked the steepest monthly increase this year, underscoring the challenge of taming high inflation.

Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.3% last month and 4.3% annually. While both of those figures are lower than previous readings, the monthly core measure climbed faster than expected.

And one major cause is the increase of oil price worlwide recently.

Are you claiming that Biden is responsible for the recent global oil price increase?

https://oilprice.com/oil-price-charts/

[Skipalongcassidy]

18 hours ago, candide said:

And one major cause is the increase of oil price worlwide recently.

Are you claiming that Biden is responsible for the recent global oil price increase?

 

 EMPHATICALLY... YES   When you shut down your own production and become reliant upon foreign sources you might as well just tell them to raise their prices... Biden's handlers are devoted in their attempt to "price" Americans out of the fossil fuel markets

[Tug]

1 hour ago, Skipalongcassidy said:

 EMPHATICALLY... YES   When you shut down your own production and become reliant upon foreign sources you might as well just tell them to raise their prices... Biden's handlers are devoted in their attempt to "price" Americans out of the fossil fuel markets

Ahhh there’s one pesky problem with your Cunard the United States is producing more oil under the Biden administration than under the trump fiasco.now it’s certainly possible that mbs is miffed that president Biden won’t kiss his rear like trump,after all the 9/11 hijackers were Saudi Arabian citizens most American folks remember that and Biden isent easily manipulated like trump 

[Skipalongcassidy]

41 minutes ago, Tug said:

Ahhh there’s one pesky problem with your Cunard the United States is producing more oil under the Biden administration than under the trump fiasco.now it’s certainly possible that mbs is miffed that president Biden won’t kiss his rear like trump,after all the 9/11 hijackers were Saudi Arabian citizens most American folks remember that and Biden isent easily manipulated like trump 

Just not true... Trump raised oil production from 9,000bpd to 13,000bpd... Biden is at 11,200bpd... but then again I haven't adjusted for the democraptic math formula... 

[stevenl]

4 minutes ago, Skipalongcassidy said:

Just not true... Trump raised oil production from 9,000bpd to 13,000bpd... Biden is at 11,200bpd... but then again I haven't adjusted for the democraptic math formula... 

Just not true. Unlike you I can prove it.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

Edited September 15, 2023 by stevenl

[placeholder]

7 minutes ago, Skipalongcassidy said:

Just not true... Trump raised oil production from 9,000bpd to 13,000bpd... Biden is at 11,200bpd... but then again I haven't adjusted for the democraptic math formula... 

Because oil production went up that means that Trump was responsible?

https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart

oil production was going up well before Trump took office.

[Skipalongcassidy]

49 minutes ago, stevenl said:

Just not true. Unlike you I can prove it.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

555... if you could only interpret your own graph...  

[Skipalongcassidy]

1 hour ago, placeholder said:

Because oil production went up that means that Trump was responsible?

 

Why not... everything else is his fault according to the Hateful 8

[placeholder]

14 minutes ago, Skipalongcassidy said:

Why not... everything else is his fault according to the Hateful 8

More empty generalizations and right wing cant. You've got nothing.

[candide]

3 hours ago, Skipalongcassidy said:

Just not true... Trump raised oil production from 9,000bpd to 13,000bpd... Biden is at 11,200bpd... but then again I haven't adjusted for the democraptic math formula... 

It was already at 12,844 in May.

[placeholder]

28 minutes ago, candide said:

It was already at 12,844 in May.

What skipalongcassidy clearly doesn't know is that banks and other sources of finance have been casting a dubious eye on the oil companies past overinvestment in searching for new sources of oil no matter what the cost. Financial discipline has been imposed. So oil companies are much more cautious now. Despite which, production is growing. And this in the face of the fact that much of the rest of the world economy is not doing so well. When Trump was President, the world economy was in much better shape. Until the advent of the Covid pandemic.

Edited September 15, 2023 by placeholder

[candide]

6 hours ago, Skipalongcassidy said:

 EMPHATICALLY... YES   When you shut down your own production and become reliant upon foreign sources you might as well just tell them to raise their prices... Biden's handlers are devoted in their attempt to "price" Americans out of the fossil fuel 

So the max. production has been 13,000 (during one month only), and was 12,844 in May (the last available number). And that would be enough to consider Biden responsible for the oil price increase which occurred during the last three months? You can't be serious!

On top of it, crude oil exports are now higher than under Trump (not to mention the surge in gas production and exports).

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCREXUS1&f=M

 

 

in 

[placeholder]

On 9/14/2023 at 7:57 PM, Skipalongcassidy said:

 EMPHATICALLY... YES   When you shut down your own production and become reliant upon foreign sources you might as well just tell them to raise their prices... Biden's handlers are devoted in their attempt to "price" Americans out of the fossil fuel markets

Once again you blame the Biden administration for the current rise in prices. Your argument makes no sense. Petroleum sources aren't developed overnight. But somehow you believe that current curtailments of future sources affect present prices. In addition, you don't acknowledge that switching from petrol/gasoline powered vehicles to electric vehicles is ultimately going to have a strong effect on demand.

https://finance.yahoo.com/news/does-ev-revolution-pose-serious-143302670.html

Also, you fail to note that there isn't a free market in oil. OPEC+ anyone?

Finally, investors in oil companies have imposed sharp discipline on oil companies spending extravagantly on exploration and development on costly sources of petroleium.

Big Oil Is Not Dancing To Government Tunes. Period.

https://oilprice.com/Energy/Energy-General/Big-Oil-Is-Not-Dancing-To-Government-Tunes-Period.html

Edited September 16, 2023 by placeholder

[Danderman123]

 

[ozimoron]

On 9/13/2023 at 3:49 PM, Nick Carter icp said:

I do think that you've reached the point where you simply think that everything and anything Biden does is right and correct and anything Trump does is wrong and thats the extent of your thought process 

flame away. You'll feel much better,

[ozimoron]

On 9/14/2023 at 8:17 AM, Skipalongcassidy said:

Keep drinking the Koolaid... Bidenomics is a catastrophe for Americans.

Good argument, the automatic gainsay of your opponents with no point at all.