Inflation slows to 7.1% as economy cools off

[0311]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

Inflation under control - check.

Lower Gas Prices - Check.

Lowest Unemployment In 50 - Check.

Only President To NOT Loose An Encumbent SenatorIn A Midterm Election Since 1934 - Check.

Over 7,000,000 Jobs Created In Just Two Years - Check.

But Cons of course need to bitch.

 

[Ralph Norton]

Inflation under control - check.

Lower Gas Prices - Check.

Lowest Unemployment In 50 - Check.

Only President To NOT Loose An Encumbent SenatorIn A Midterm Election Since 1934 - Check.

Over 7,000,000 Jobs Created In Just Two Years - Check.

But Cons of course need to bitch.

7.1% inflation is "under control"?
Lower gas prices than when? Sure as hell not when he took office.
The word is Incumbent.
Where the fuck were these 7 million jobs "created"?

0311 is a dumb ass - Check.

 

[Stann]

7.1% inflation is "under control"?
Lower gas prices than when? Sure as hell not when he took office.
The word is Incumbent.
Where the fuck were these 7 million jobs "created"?

0311 is a dumb ass - Check.

I agree inflation is a problem, but neither president had little to do with it. It was long overdue and with the drastic changes the world is facing, it isn't going to go away anytime soon. As many experts on economy predict, it may well be the start of problems for the entire world. We put all our eggs in one basket and that's never a good idea.

 

[JimH52]

Inflation under control - check.

Lower Gas Prices - Check.

Lowest Unemployment In 50 - Check.

Only President To NOT Loose An Encumbent SenatorIn A Midterm Election Since 1934 - Check.

Over 7,000,000 Jobs Created In Just Two Years - Check.

But Cons of course need to bitch.

They need to vent their sorrow over closing a standard bearer like trump.

 

[Papageorgio]

Inflation under control - check.

Lower Gas Prices - Check.

Lowest Unemployment In 50 - Check.

Only President To NOT Loose An Encumbent SenatorIn A Midterm Election Since 1934 - Check.

Over 7,000,000 Jobs Created In Just Two Years - Check.

But Cons of course need to bitch.

The left said Biden had no control over inflation and none of it was his fault, how has he lowered inflation to 7.1% why hasn't he brought it down further if he is so good, why did he let it rise?

Lower gas prices? What did he do to lower them, I was told by the left it wasn't him that could control high gas prices, but he can lower them? Why doesn't he lower them to pre-Covid levels?

Third point, what did he do to help the incumbents win and will you please learn to spell?

How did Biden create jobs? With massive spending that we taxpayers will need to payback and added to inflation that has made the dollar shirnk?

It seems you are like other partisans, you guy has no control when bad things happen but somehow can make good things happen, just dumb logic.

 

[airplanemechanic]

Thank God a few jobs are being created. Each person needs 2 or 3 in this economy to afford a fucking loaf of bread.

 

[0311]

They need to vent their sorrow over closing a standard bearer like trump.

The left said Biden had no control over inflation and none of it was his fault, how has he lowered inflation to 7.1% why hasn't he brought it down further if he is so good, why did he let it rise?

Lower gas prices? What did he do to lower them, I was told by the left it wasn't him that could control high gas prices, but he can lower them? Why doesn't he lower them to pre-Covid levels?

Third point, what did he do to help the incumbents win and will you please learn to spell?

How did Biden create jobs? With massive spending that we taxpayers will need to payback and added to inflation that has made the dollar shirnk?

It seems you are like other partisans, you guy has no control when bad things happen but somehow can make good things happen, just dumb logic.

2022 was a ReNaziKklan Blood Bath.

The "Red Wave" was nothing but light spotting. Mr. Biden is first President since 1934 NOT TO LOSE A INCUMBENT SENATOR OF HIS OWN PARTY IN MID TERM ELECTION.

Gas prices are coming down, which all you dumb shit MAGA MAGGOTS bitched about for long.

Inflation is coming down. Which all you MAGA MAGGOTS ever bitched about wa high inflation, never that inflation is a world wide problem.

Mr. Biden created 7,000,000 jobs in just two years. The Traitor lost over 1.8 Million Jobs.

All the Orange Faced 5-Deferment Draft Dodging Traitor proved is he unfit for office.

 

[airplanemechanic]

Oh more good news about Bidens wonderful economy! Funny no liberal posted this on this forum today:

Retail Sales, Manufacturing Declines Point to Slowing Economy

November retail sales fell 0.6% for the biggest decline this year, and manufacturing output had its first drop since June.

www.wsj.com

Retail sales plummet under Biden. The drop in retail sales was 6 times more than economists expected.

 

[JimH52]

Oh more good news about Bidens wonderful economy! Funny no liberal posted this on this forum today:

Retail Sales, Manufacturing Declines Point to Slowing Economy

November retail sales fell 0.6% for the biggest decline this year, and manufacturing output had its first drop since June.

www.wsj.com

Retail sales plummet under Biden. The drop in retail sales was 6 times more than economists expected.

How long did you have to Google to find that. You MAGA types are depressed and desperate.

 

[Markle]

I've already agreed, clearly, twice, that inflation has been bad. So you can keep trying to go with that, because you're clearly ignorant about what caused it and you're desperate to put me on the defensive.

Your ignorance is your issue, not mine.

As you know, though you probably won't admit it to yourself, our massive inflation was caused by massive spending.

Too many dollars chasing too few goods results in inflation. President Biden and his far-left-wing handlers have dumped TRILLIONS into our economy.

You can whine and deny all you want but, here we are!

 

[Papageorgio]

2022 was a ReNaziKklan Blood Bath.

The "Red Wave" was nothing but light spotting. Mr. Biden is first President since 1934 NOT TO LOSE A INCUMBENT SENATOR OF HIS OWN PARTY IN MID TERM ELECTION.

Gas prices are coming down, which all you dumb shit MAGA MAGGOTS bitched about for long.

Inflation is coming down. Which all you MAGA MAGGOTS ever bitched about wa high inflation, never that inflation is a world wide problem.

Mr. Biden created 7,000,000 jobs in just two years. The Traitor lost over 1.8 Million Jobs.

All the Orange Faced 5-Deferment Draft Dodging Traitor proved is he unfit for office.

So you can’t tell how Biden has brought gas prices down or how he brought inflation down or how he created jobs, all you have is your emotional rant about Trump who wasn’t part of the discussion.

 

[JimH52]

As you know, though you probably won't admit it to yourself, our massive inflation was caused by massive spending.

Too many dollars chasing too few goods results in inflation. President Biden and his far-left-wing handlers have dumped TRILLIONS into our economy.

You can whine and deny all you want but, here we are!

Inflation is a worldwide issue, not just a US issue. The pent up world economy and the supply side issues were the cause of the world wide inflation. The Biden administration actually decreased the deficit.

But the repubs will mislead the public...as they always do...and sell another tax give away to the 1%ers. It happens over and over and over. As far back as I can remember that as been the GOP game.

 

[Papageorgio]

Inflation is a worldwide issue, not just a US issue. The pent up world economy and the supply side issues were the cause of the world wide inflation. The Biden administration actually decreased the deficit.

But the repubs will mislead the public...as they always do...and sell another tax give away to the 1%ers. It happens over and over and over. As far back as I can remember that as been the GOP game.

Just like Democrats are claiming about Biden bringing down gas prices, inflation and creating jobs. Both sides love to lie.

 

[airplanemechanic]

How long did you have to Google to find that. You MAGA types are depressed and desperate.

So no response to the information, just questioning how long a google search to find it took? Thanks for the non-denial of the information. We now know you acknowledge its true.

Oh, and it didn't take long at all, it was like front page of the WSJ.

I went to Wal Mart today. I bought 3 little plastic bags of food. 63 dollars. Depressed is the only way to feel in Bidens economy. Little packs of dog food for my dog that have been 79 cents as long as I've had my dog were 1.50 each today. DOUBLE what they were under Trump.

 

[Markle]

Trump made all his rich friends a Mar a Lugo wealthier. He bragged about screwing over the middle class.

What has become of the buying power of low and middle-income workers and all those living on a fixed income since President Biden took office? They are being crushed!

Do you think everyone is as ignorant as to you about what has happened to wages since President Trump took office?

Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years
BY: ROBB SINN
NOVEMBER 02, 2020

[...]

Over the past 40 years, the inflation-adjusted growth trend for the U.S. median weekly wage has been $4.05 per quarter. During the first three years of the Trump administration, it was a staggering $6.90 per quarter.* During the Obama years, median wages grew at the anemic rate of $3.20 per quarter.

[...]

The 10th percentile U.S. weekly wage grew by $3.25 per quarter for African Americans during Trump’s first three years, nearly double the historic rate of $1.65. The best Obama growth rate was only $1.68. Perhaps having a businessman at the helm of the world’s largest economy is not such a bad idea. Will any deniers admit they were wrong?

[...]

Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years

More than any other president in 40 years, Donald Trump has benefited working-class Americans, especially African Americans.

thefederalist.com

###

Election 2020: A vote for Trump is a vote for economic progress for African Americans

Before the pandemic, African Americans were thriving economically. Looking ahead, Trump's promises are ambitious, but his track record is impressive.

www.usatoday.com

 

[Markle]

Inflation under control - check.

Lower Gas Prices - Check.

Lowest Unemployment In 50 - Check.

Only President To NOT Loose An Encumbent SenatorIn A Midterm Election Since 1934 - Check.

Over 7,000,000 Jobs Created In Just Two Years - Check.

But Cons of course need to bitch.

That's just goofy, even you know it's goofy

 

[JGalt]

How long did you have to Google to find that. You MAGA types are depressed and desperate.

The DOW took a crap too. How much did you lose today?

 

[JGalt]

Inflation is a worldwide issue, not just a US issue. The pent up world economy and the supply side issues were the cause of the world wide inflation. The Biden administration actually decreased the deficit.

But the repubs will mislead the public...as they always do...and sell another tax give away to the 1%ers. It happens over and over and over. As far back as I can remember that as been the GOP game.

Stop saying inflation is a "worldwide issue." You're not only spreading misinformation, it makes you sound stupid. Our inflation rate is 7.1%, now explain these:

Bahrain - 3.5%
Benin - 5%
Bolivia - 3.2%
Brunei - 2.5%
Cambodia - 5.2%
China - 2.2%
Ecuador - 3.2%
Eswatini - 4.9%
Fiji - 4.7%
France - 5.8%
Gabon - 3.5%
Grenada- 4.5%
Hong Kong - 1.9%
Indonesia - 4.6%
Israel - 4.5%
Japan - 2%
Kuwait - 4.3%
Libya - 5.5%
Macao - 2.5%
Maldives - 4.3%
Micronesia - 5.8%
Nauru - 2%
Niger - 4.5%
Norway - 4.7%
Oman - 3.1%
Panama - 3.9%
Philippines - 5.3%
Puerto Rico - 4.4%
Qatar - 4.5%
Saudi Arabia - 2.7%
Seychelles - 4.1%
Singapore - 5.5%
Solomon Islands - 3.7%
Switzerland - 3.1%
Taiwan - 3.1%
Trinidad - 5%
United Arab Emirates - 5.2%
Vanuatu - 4.6%
Vietnam - 3.8%

https://www.imf.org/external/datama...R/PAN/PHL/PRI/SYC/SLB/CHE/TWN/TTO/ARE/VUT/VNM

 

[Delldude]

Ha....we all know who the rich man's friends is. He rails against the elite..while he is the definition of elite.

Fundraising group Clean Energy for Biden raked in millions from industry professionals by promising unprecedented growth in "climate tech" should Democrats win the White House. Just months into President Joe Biden's tenure, its members are already seeing lucrative returns on their investments.
________________________________________
The strategy paid off. Clean Energy for Biden raised at least $3.2 million to elect the Democrat. Following Biden's victory in November, members of the group became the Biden administration's "bridge to the private sector," according to CNBC.\
_________________________________________
Shortly after becoming president, Biden virtually toured Proterra's South Carolina plant before hosting company CEO Jack Allen at his State Department's Leaders Summit on Climate. The move sparked a barrage of ethics concerns from federal lawmakers given that Biden's energy secretary, Jennifer Granholm, holds up to $5 million in Proterra stock. Biden's infrastructure package includes a $45 billion government investment in "clean, zero-emissions buses" such as those produced by the company.
______________________________________
Neither the White House nor Clean Energy for Biden returned requests for comment.


In addition to the group's financial interest in Biden's infrastructure package, at least seven Clean Energy for Biden leaders landed jobs in the administration.

Easy Being Green: Biden's Clean Energy Fundraisers Reap White House Rewards - Washington Free Beacon

 

[Delldude]

Yes bipartisan support has always been a mainstay in defending and maintaining the strength of our democracy. That's how Biden is getting so much done. He appeals to both sides, unlike his predecessor.

Both sides have approved of Biden's agenda?