- Feb 22, 2017
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Inflation rate was 13.5% when Reagan took office, 4.1% when he left, you fucking moron.
Well, lets see what it is when Joe leaves office then.
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Inflation rate was 13.5% when Reagan took office, 4.1% when he left, you fucking moron.
I am old enough to know that once prices go up... they rarely ever go back down to what they were before they went up. Gasoline exception.
If something is $22 and inflation this year causes that to go to $24.50... it MIGHT go back to say $23.75... but never $22 again
Well, if you old enough to understand that riddle me this old man. Why do personal computers which cost $2,500 for a basic unit with limited memory in the 1990's only cost $799.00 now with 50X the performance.I am old enough to know that once prices go up... they rarely ever go back down to what they were before they went up. Gasoline exception.
If something is $22 and inflation this year causes that to go to $24.50... it MIGHT go back to say $23.75... but never $22 again
Do you only post in republic canards?Yeah, the government is doling out money and many are happy to spend the money. This isn't rocket science.
Wow, a simpleton just Googled Econ 101?
The middle class has more money because they were at home most of last year. The stimulus check where late in 2019 and early in 2020. While people used them on home renovations driving stocks and profit at companies like Home Depot. They increased their savings from the lock downs and are spending them now.
Your fixation on conservative talking points is juvenile.
Labor shortage? Maybe decreased immigration from the previous administration has had an impact. Additionally, people are sick off putting up with low wage, shitty hours and maskholes in retail and food service jobs.
People aren't working because they don't have too? Damn...why don't people like 12K/yr jobs?
Well, if you old enough to understand that riddle me this old man. Why do personal computers which cost $2,500 for a basic unit with limited memory in the 1990's only cost $799.00 now with 50X the performance.
Have you heard of the Great Retirement?I don't need to Google anything. This is a very simple concept, but one you are incapable of grasping.
Yes, people aren't working because they don't have to. They didn't just have an epiphany that they weren't making good money and decided to stay home. Staying home just happened to coincide with the extra money though, right? Don't be so naive.
So, you can't answer the question and just pulled out the old conservative gripe notebook...Good Lord. Ok, I get it now. You are a 19-year-old college kid who idolizes his tree-hugging, leather satchel carrying Econ. professor who is a self-proclaimed genius but couldn't manage the budget of a lemonade stand.
Do you only post in republic canards?
When do they get posted?Just using the common sense the good Lord gave me. It just so happens that common sense aligns with many of the Republican economic policies.
It was a joke. OMG...relax leftist.You have never heard of the Consumer Sentiment Index by the University of Michigan?
Yet, you claim economic knowledge....
Okay, what were the numbers released earlier today?It was a joke. OMG...relax leftist.
Dimtards have claimed those two $1400 checks have raised millions out of poverty.Have you heard of the Great Retirement?
Have you heard of people sick of being exposed to the virus by unmasked unvaccinated assholes?
It's incredibility naïve to think people have quit working because they received one or two $1,400 checks almost a year ago.
Can you post who they were?Dimtards have claimed those two $1400 checks have raised millions out of poverty.
They said so far so good but the forecast is iffy at best. Look at year over year data.Okay, what were the numbers released earlier today?
Did Reagan ever thank Jimmy Carter for his appointment of Paul Volcker to the Fed?Inflation rate was 13.5% when Reagan took office, 4.1% when he left, you fucking moron.
You can blame Tip O'Neil for the deficits. Reagan made a deal with him to raise taxes if Tip would agree to cut spending. Once he got the tax hike, Tip reneged on the deal.Did Reagan ever thank Jimmy Carter for his appointment of Paul Volcker to the Fed?
Also, the recession of 1981-3 helped cure inflation.
Ronnie's problem was turning America from a creditor nation to a debtor one and running massive deficits at that time.
Yes, a year ago people were upbeat about the vaccines just being approved.They said so far so good but the forecast is iffy at best. Look at year over year data.