“I Cannot Afford To Live”: Americans Get Emotional As The U.S. Economy Goes Off The Rails

[Man With A Plan]

yes, and it started a full year plus before he was in office.

And it went on...and on...and on...and on...! Barack Obama policies extended that economic downturn.

 

[Man With A Plan]

So, did all the Govt spending during COVID have any impact on the inflation that followed it?

You don't have a clue what causes inflation...do you, Harpy?

 

[Man With A Plan]

never said anyone should be excited about anything. You spend too much time focused on emotions and lack any logic at all

LOL...I'm emotional because I point out that Joe Biden's fiscal policies caused inflation? Really, Harpy?

 

[August West]

I don't buy that crap for one minute.
The government is the only institution with the power to counterfeit (create) new money. So long as it continues to use that power, we will continue to suffer from inflation, even unto a runaway inflation that will utterly destroy the currency. Biden has DEVALUED THE CURRENCY

Take this lesson, free of charge. Your welcome This is BIDENOMICS.

We have seen (and solved) Bidenomics before

The last time America encountered Bidenomics was the late 1970s. Ronald Reagan provided the answers.

thehill.com

So corporate profits being up 75% in a two-year period isn`t greed. Thanks for that one. They got you right where they want you. My MAGA friend said the $20 an hour "burger flipper" (his words) is the reason a McDonald`s burger is expensive, not the fleet of corporate jets. It`s unfortunate that my idiot friend was allowed to teach school for 30 years.

 

[Deplorable Yankee]

“I Cannot Afford To Live”: ​

Americans Get Emotional As The U.S. Economy Goes Off The Rails​

"I Cannot Afford To Live": Americans Get Emotional As The U.S. Economy Goes Off The Rails

As we approach what is likely to be the most chaotic presidential election in U.S. history, trouble signs are starting to erupt for the U.S. economy. In fact, CNN is actually admitting that "the long-predicted

theeconomiccollapseblog.com

10 Apr 2024 ~~ By Michael Snyder

As we approach what is likely to be the most chaotic presidential election in U.S. history, trouble signs are starting to erupt for the U.S. economy. In fact, CNN is actually admitting that “the long-predicted storm clouds in the economy may actually be forming”. I can’t remember the last time that I saw a CNN article with a headline like that. But at this point, it is becoming extremely difficult for the mainstream media to avoid the truth. Inflation is getting worse at the same time that many key sectors of our economy are slowing down. If you thought that the last couple of years were rough for the economy, just wait until you see what is coming next. Tremendous turmoil is on the horizon, and the American people are becoming increasingly emotional about our rapidly growing economic problems.
On Wednesday, we learned that prices jumped even more than expected during the month of March…
~Snip~
For example, Fox Business is reporting that the cost of energy “is up 36.9% from where it was in Jan. 2021″…

Tuesday’s inflation numbers punctuate what has been a dreadful three years for energy consumers. The overall cost of energy in March is up 36.9% from where it was in Jan. 2021, according to the Department of Labor’s Bureau of Labor Statistics.​

Of course energy prices are going to go a lot higher than they are right now.
~Snip~
Just like me, so many of you can feel what is coming.
A tipping point has arrived, and the outlook for the months ahead is very bleak.
The U.S. economy is going off the rails, and the worse things get the more frustrated the American people are going to become.


Commentary:
Not according to our 46th president and his administration. We are doing so well, we don’t have to worry about the cost of illegals or of forgiving student loans, and we can freely help Ukraine with many hundreds of billions of dollars for something that could have been handled with a peace treaty.
Everything is fine!
Don't worry about housing, food, or fuel for heating, cooking or transportation. Our president has it covered.
Yes, The Rats in Washington have it covered. They tell us they won’t cut Social Security benefits, but they have no problem creating high inflation, or fudging the numbers to limit Social Security COLA’s for retirees.
The next round of inflation is going to be absolutely brutal. Many already on the brink who never would've considered crime will start to ponder it.
America's largely service sector economy will take a massive hit as what little discretionary spending still exists evaporates and near-minimum wage workers can barely afford to commute.
What happens when rural youth begin behaving like urban youth?
There is a level of hardship at which this starts to happen en-masse.

 

[Moonglow]

you ought to see their working conditions.

And their uniforms.

 

[Moonglow]

A former co-worker from Harlin Co., KY ran a small Mom & Pop out of a shed next to their home.....In a few years they had made enough money to buy a IGA supermarket.....A few years later they owned three of them.

They sold them all to a chain and are now multi-millionaires.....Not bad for a full-blooded Cherokee that never finished HS.

My firms name in Indian country is, Wee, Cheatum and Howe.

 

[August West]

LOL...I'm emotional because I point out that Joe Biden's fiscal policies caused inflation? Really, Harpy?

Inflation was and still is Global, Einstein. Biden`s fault? It`s kind of funny reading comments from those who bitch about socialism, who are now demanding that the president lower prices.

Rising inflation is a global problem: U.S. policy choices are not to blame

Consumer price data for June 2022 showed another month of rapid inflation, with overall inflation rising 9.1% year-over-year and core inflation (which doesn’t include volatile energy and food prices) rising by 5.9%. This level of inflation has obviously become a major political issue this year...

www.epi.org

 

[Harpy Eagle]

You don't have a clue what causes inflation...do you, Harpy?

well according to the economic experts on this forum it is excessive Govt spending...but only when there is a Dem in the White House, otherwise Govt spending has no impact on inflation at all.

 

[Harpy Eagle]

View attachment 931924

One 23-year-old Gen Zer told Business Insider by text that he spends about $130 on groceries for a week and a half. "Fancy sodas and drinks" and "random snacks at Trader Joe's" account for the bulk of the bill. He also said he spends about $35 on protein bars.

The success of the canned water brand Liquid Death is an example of young people's willingness to spend on flashy food and beverages. The brand shot up to a valuation of $1.4 billion thanks to a recent round of funding, Forbes reported. Peter Pham, an investor in Liquid Death, previously told Business Insider that part of the brand's success comes from its appeal to younger generations.

"The healthy food-and-beverage space has historically been a stale category filled with boring brands," Pham told BI. "This creates a lightning-in-a-bottle moment for disruptive brands who know how to tap into culture and talk to Gen Z and digital natives."

 

[iku]

LOL...I'm emotional because I point out that Joe Biden's fiscal policies caused inflation? Really, Harpy?

100% correct BIDENOMICS caused this

 

[Harpy Eagle]

100% correct BIDENOMICS caused this

I know right, he is so powerful that he caused inflation all around the world.

 

[Moonglow]

100% correct BIDENOMICS caused this

He also caused me to get a 6k raise, not really but since we blame Biden for terlits clogs why not...

 

[Moonglow]

I know right, he is so powerful that he caused inflation all around the world.

And on the Moon.

 

[Harpy Eagle]

He also caused me to get a 6k raise, not really but since we blame Biden for terlits clogs why not...

That's it?

We were looking at my wife's SS statement yesterday as she does not have 30 years of work yet so each year now is replacing a zero in her average. Replacing a zero with 6 digits really helps bump up what she will get.

But, that aside she is up more than 40 grand a year since 2020. I guess she should blame Biden for that as well.

 

[Harpy Eagle]

And on the Moon.

damn it Joe, living on the moon is already expensive enough

 

[rampart]

That's it?

We were looking at my wife's SS statement yesterday as she does not have 30 years of work yet so each year now is replacing a zero in her average. Replacing a zero with 6 digits really helps bump up what she will get.

But, that aside she is up more than 40 grand a year since 2020. I guess she should blame Biden for that as well.

my only problem with my 401k is that i know wells fargo couldn't wait to dump the fund into "truth social."

 

[Man With A Plan]

Inflation was and still is Global, Einstein. Biden`s fault? It`s kind of funny reading comments from those who bitch about socialism, who are now demanding that the president lower prices.

Rising inflation is a global problem: U.S. policy choices are not to blame

Consumer price data for June 2022 showed another month of rapid inflation, with overall inflation rising 9.1% year-over-year and core inflation (which doesn’t include volatile energy and food prices) rising by 5.9%. This level of inflation has obviously become a major political issue this year...

www.epi.org

Tell that to Larry Summers, August! You remember Larry...right? Liberal economist? Barack Obama's guy when it came to economic policy? Good 'ole Larry warned Joe Biden that he was dumping way too much money into the system and that it was going to cause rampant inflation but Joe being Joe ignored that because Joe's a dumb ass who wouldn't know economic theory if it bit him on his bony white back side!

 

[Harpy Eagle]

my only problem with my 401k is that i know wells fargo couldn't wait to dump the fund into "truth social."

that would be bad indeed.

As soon as I turned 59.5 I pulled all but 5 grand out of my 401k and put it in a semi-self guided IRA.

 

[Man With A Plan]

That's it?

We were looking at my wife's SS statement yesterday as she does not have 30 years of work yet so each year now is replacing a zero in her average. Replacing a zero with 6 digits really helps bump up what she will get.

But, that aside she is up more than 40 grand a year since 2020. I guess she should blame Biden for that as well.

So basically what you're saying is that you've got "yours" and the working man can just shut up about being bled dry? How do you think that's going to play out in November, Harpy? "Let them eat cake!" is always such a good political strategy!