Inflation Cools, Showing Trump is Right and his Critics were WRONG AGAIN

[mrwebb8825]

On 3/12/2025 at 10:45 PM, BillyBid said:

 

So still higher than the average of the last 6 months under Biden.....which you MAGA morons have been complaining about here constantly....

Really?

 

Families Crushed as Biden’s Total Inflation Breaks 17%

"“Hardworking families are being crushed by President Biden’s inflation-inducing fiscal policies. Today, a family of four is paying $15,133 per year, or $1,261 per month, more to purchase the same goods and services compared to the day President Biden took office. Every day, they are being forced to choose between medicine or the rent, putting food on the table or gas in the car. The American people cannot afford this Administration’s failed economic agenda."

 

https://budget.house.gov/press-release/families-crushed-as-bidens-total-inflation-breaks-17

[placeholder]

8 minutes ago, mrwebb8825 said:

Really?

 

Families Crushed as Biden’s Total Inflation Breaks 17%

"“Hardworking families are being crushed by President Biden’s inflation-inducing fiscal policies. Today, a family of four is paying $15,133 per year, or $1,261 per month, more to purchase the same goods and services compared to the day President Biden took office. Every day, they are being forced to choose between medicine or the rent, putting food on the table or gas in the car. The American people cannot afford this Administration’s failed economic agenda."

 

https://budget.house.gov/press-release/families-crushed-as-bidens-total-inflation-breaks-17

Thank you for sharing with us that report from the Republican majority of House Budget Committe

For some reason, and I'm sure it was just an innocent oversight, they failed to mention how much incomes rose over that same period of time.

https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/

[mrwebb8825]

1 hour ago, placeholder said:

Thank you for sharing with us that report from the Republican majority of House Budget Committe

For some reason, and I'm sure it was just an innocent oversight, they failed to mention how much incomes rose over that same period of time.

https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/

The report I linked came from 2024 and Biden appointees. The REAL president didn't take office for about 6 months after the report. We're still searching for who was doing Biden's job for him via auto-pen.

From your link:

"Both Scott and Yellen can cite economic data that support their claims. The difference between the two claims is that Scott analyzed changes in inflation-adjusted wages and incomes since President Joe Biden entered office in 2021, whereas Yellen began her analysis in 2019, arguing that the pandemic distorted evaluations that began when Biden entered office."

 

So, Sen Scott is looking purely at Biden while Yellen is including 1/2 of President Trump's 1st term to prop-up her story.

Don't worry Placeholder, soon you'll have a place of your own at the grown-ups table. That whole "Read BEFORE Posting" takes some getting used to.

[placeholder]

1 minute ago, mrwebb8825 said:

The report I linked came from 2024 and Biden appointees. The REAL president didn't take office for about 6 months after the report. We're still searching for who was doing Biden's job for him via auto-pen.

From your link:

"Both Scott and Yellen can cite economic data that support their claims. The difference between the two claims is that Scott analyzed changes in inflation-adjusted wages and incomes since President Joe Biden entered office in 2021, whereas Yellen began her analysis in 2019, arguing that the pandemic distorted evaluations that began when Biden entered office."

 

So, Sen Scott is looking purely at Biden while Yellen is including 1/2 of President Trump's 1st term to prop-up her story.

Don't worry Placeholder, soon you'll have a place of your own at the grown-ups table. That whole "Read BEFORE Posting" takes some getting used to.

You're claiming that the 2024 report from the House Budget Committee came from Biden appointees? Do you have a clue as to which political party was in control of the House in 2024? It is to laugh. Here's a clue from the first sentence of that press release you linked to:

 

Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for September stated inflation grew at a rate of 3.7 percent and cumulative inflation under President Biden grew to a staggering 17.1 percent: 

And you take me to task about reading when apparently you haven't even read the first sentence of what you linked to? Or do you still believe that Biden appointed Jody Arrington, a Republican? It is to laugh

And I was addressing the misleading claim that inflation rose 17.1 percent but didn't account for the rise in earnings that accompanied it.

[Cryingdick]

For the price of eggs people.....

 

https://abcnews.go.com/Business/national-average-wholesale-price-eggs-drops-3rd-week/story?id=119811721

[Cryingdick]

For the price of gas people......

 

 

https://gaspriceguy.substack.com/p/average-us-gas-prices-fall-to-lowest

[mrwebb8825]

2 hours ago, placeholder said:

You're claiming that the 2024 report from the House Budget Committee came from Biden appointees? Do you have a clue as to which political party was in control of the House in 2024? It is to laugh. Here's a clue from the first sentence of that press release you linked to:

 

Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for September stated inflation grew at a rate of 3.7 percent and cumulative inflation under President Biden grew to a staggering 17.1 percent: 

And you take me to task about reading when apparently you haven't even read the first sentence of what you linked to? Or do you still believe that Biden appointed Jody Arrington, a Republican? It is to laugh

And I was addressing the misleading claim that inflation rose 17.1 percent but didn't account for the rise in earnings that accompanied it.

Yellen was a Biden appointee - he even signed over presidential power to her.

Yellen on Dec. 22, 2023: "Over nearly two years, our sanctions have significantly weakened the Russian economy and undermined the Kremlin’s war effort."

While in the real world:

10/28/21, 9:39 AM Biden lifts US sanctions on major Russian pipeline.

 

Your reference to "Control" in 2024 - the house was a 7 seat "R" majority (including 'rinos'), the senate was a 2 seat (and 4 "I" seats) for the "Ds". The Executive branch was "D" in name but really controlled by ... still being investigated.

"Can the House make laws without the Senate?

 

While both are equal in how they function, only the House can initiate tax and revenue-related legislation. And only the Senate can draft legislation related to presidential nominations and treaties."

 

So basically, the Dems have been in control from 2021-2025 (the 119th house of congress took their seats in Jan 2025

[Scott Tracy]

11 hours ago, Jingthing said:

Your post sounded like the empty headed white house "press" secretary.

Is she being sarcastic?

I am not she, she is not me. You put your own interpretation on my words and their intent.

[Scott Tracy]

On 3/17/2025 at 5:59 AM, billd766 said:

So if Canada cuts off oil supplies, cuts off electricity supplies, heavily taxes all oil tankers traversing Canada  from Alaska to the USA, raises tariffs on all US goods to the equivalent or higher than the US rates, does that mean that the USA will not be affected in any way at all?

It seems that way. From how I read President Trump's comments. America will save at $200 billion a year and need not 'be kind' to Canada anymore. Save a load of money. Reduce costs, reduce inflation... A win for them.

[placeholder]

2 hours ago, Scott Tracy said:

It seems that way. From how I read President Trump's comments. America will save at $200 billion a year and need not 'be kind' to Canada anymore. Save a load of money. Reduce costs, reduce inflation... A win for them.

A  pyrrhic victory.

[placeholder]

On 3/17/2025 at 11:23 PM, mrwebb8825 said:

Yellen was a Biden appointee - he even signed over presidential power to her.

Yellen on Dec. 22, 2023: "Over nearly two years, our sanctions have significantly weakened the Russian economy and undermined the Kremlin’s war effort."

While in the real world:

10/28/21, 9:39 AM Biden lifts US sanctions on major Russian pipeline.

 

Your reference to "Control" in 2024 - the house was a 7 seat "R" majority (including 'rinos'), the senate was a 2 seat (and 4 "I" seats) for the "Ds". The Executive branch was "D" in name but really controlled by ... still being investigated.

"Can the House make laws without the Senate?

 

While both are equal in how they function, only the House can initiate tax and revenue-related legislation. And only the Senate can draft legislation related to presidential nominations and treaties."

 

So basically, the Dems have been in control from 2021-2025 (the 119th house of congress took their seats in Jan 2025

Apparent you believe that it made no difference to legislative outcomes whether the Democrats controlled one house of Congress or both. It is to laugh.

[mrwebb8825]

On 3/19/2025 at 3:06 AM, placeholder said:

Apparent you believe that it made no difference to legislative outcomes whether the Democrats controlled one house of Congress or both. It is to laugh.

c’est à rire

[placeholder]

2 hours ago, mrwebb8825 said:

c’est à rire

In other words, you've got nothing. l

[mrwebb8825]

18 hours ago, placeholder said:

In other words, you've got nothing. l

Yep, I give up. No amount of education nor intellect can overcome natural stupidity.

[placeholder]

2 hours ago, mrwebb8825 said:

Yep, I give up. No amount of education nor intellect can overcome natural stupidity.

More of the same. No facts. No reasoning. Just insults. You've still got nothing

[sharot724]

https://www.msn.com/en-us/money/markets/why-inflation-is-coming-down-so-fast/vi-AA1APBld?ocid=socialshare

 

i did that 

[BLMFem]

On track to have ‘worst quarter’ since early Covid: Stock market drops amid tariff concerns

 

Looks like his critics weren't wrong after all.

[placeholder]

On 3/13/2025 at 10:10 AM, Yagoda said:

https://www.ft.com/content/6d7c6915-4ceb-43fc-9896-590036b12a87

 

2.8 %.

 

Trump haters Here are your talking points from your propagandists:

 

https://abcnews.go.com/Business/inflation-report-set-arrive-amid-stock-slide-recession/story?id=119664371 the price of eggs is high!

 

https://www.reuters.com/markets/us/us-consumer-price-growth-slows-february-2025-03-12/ but Tarrifs are coming!

 

Too bad the Democrats and their Socialist allies in Europe want to see us fail, so they can embrace their Chinese masters.

From the Marxists at Fox News:

 

Inflation gauge favored by Fed showed core prices ticked higher in February

The Federal Reserve's preferred inflation gauge showed prices rose in February at a pace that continues to exceed the central bank's target level amid its ongoing efforts to tamp down inflation

The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% from the prior month and 2.5% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.

Core PCE, which excludes volatile food and energy prices, rose 0.4% for the month and 2.8% from a year ago, slightly higher than estimates of 0.3% and 2.7%, respectively.

https://www.foxbusiness.com/economy/february-2025-pce-inflation

[Yagoda]

1 hour ago, placeholder said:

From the Marxists at Fox News:

 

Inflation gauge favored by Fed showed core prices ticked higher in February

The Federal Reserve's preferred inflation gauge showed prices rose in February at a pace that continues to exceed the central bank's target level amid its ongoing efforts to tamp down inflation

The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% from the prior month and 2.5% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.

Core PCE, which excludes volatile food and energy prices, rose 0.4% for the month and 2.8% from a year ago, slightly higher than estimates of 0.3% and 2.7%, respectively.

https://www.foxbusiness.com/economy/february-2025-pce-inflation

Its the end of the world...slightly higher (as predicted).  .1%

 

Report the next numbers when you can

[placeholder]

5 hours ago, Yagoda said:

Its the end of the world...slightly higher (as predicted).  .1%

 

Report the next numbers when you can

This is from the article you linked to:

"US inflation fell more than expected to 2.8 per cent in February, bolstering the case for the Federal Reserve to cut interest rates amid signs of slowing growth in the world’s largest economy.

Wednesday’s annual consumer price index figure was below January’s 3 per cent and the 2.9 per cent expected by economists, according to a Reuters poll."

So when inflations drops o.1% more than expected, that's significant. But when it rises 0.1% more than expected, and, what's more, it's the statistic that the Feds prefer, that doesn't count? Doublethink much?

[Terrance8812]

On 3/13/2025 at 10:10 AM, Yagoda said:

https://www.ft.com/content/6d7c6915-4ceb-43fc-9896-590036b12a87

 

2.8 %.

 

Trump haters Here are your talking points from your propagandists:

 

https://abcnews.go.com/Business/inflation-report-set-arrive-amid-stock-slide-recession/story?id=119664371 the price of eggs is high!

 

https://www.reuters.com/markets/us/us-consumer-price-growth-slows-february-2025-03-12/ but Tarrifs are coming!

 

Too bad the Democrats and their Socialist allies in Europe want to see us fail, so they can embrace their Chinese masters.

It didn't cool. The PCE number that came out yesterday for February was higher than what it was in January. That means that it went up more and not down. That's not cooling. 

[placeholder]

1 minute ago, Terrance8812 said:

It didn't cool. The PCE number that came out yesterday for February was higher than what it was in January. That means that it went out and not down. That's not cooling. 

He also had no answer for that fact that while he claimed that a 0.1% drop  more than was expected  was significant, whereas a 0.1% increase beyond what was expected, and that for a statistic that the Fed places greater weight on, was insignificant. Such a gifter doublethinker.

[Terrance8812]

3 minutes ago, placeholder said:

He also had no answer for that fact that while he claimed that a 0.1% drop  more than was expected  was significant, whereas a 0.1% increase beyond what was expected, and that for a statistic that the Fed places greater weight on, was insignificant. Such a gifter doublethinker.

Most of what he writes matches the craziness of the poster with the highest number of posts on the site. Seemingly they suffer from a similar mental condition. I've just added him to ignore now too. I've decided I don't need to read all the insanity.