What kind of President would allow 9.1% inflation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[otto105]

The Biden admin said the inflation was transitory….were they lying or stupid?

Are you saying this inflation is permanent?

 

[Toddsterpatriot]

Semantics much?

WTF is Socialization in regards to the oil industry?

 

[ColonelAngus]

Biden said the inflation is transitory.

IT IS NOT.

LYING OR STUPID?

US Gets 14 Straight Months of Roaring Inflation Since Biden Regime Dubbed Issue ‘Transitory’

Samizdat – 15.07.2022 Data put out by the Labor Department this week showed that the Consumer Price Index hit 9.1 percent in June, its sharpest monthly increase since 1981 and the height of t…

alethonews.com

Russia invaded Ukraine 5 months ago.

This goes back 14 months.

LYING OR STUPID?

 

[Cellblock2429]

Higher deficits too

/——/ True, because the democrats double crossed Reagan and never cut spending as they agreed. Tip O’Neil was a drunken sot and engineered the scam.

 

[Orangecat]

So, nationalize the oil companies? Sounds good to me!

How Venezuela Ruined Its Oil Industry

 

[otto105]

/——/ True, because the democrats double crossed Reagan and never cut spending as they agreed. Tip O’Neil was a drunken sot and engineered the scam.

Sure, always the victims.

 

[bripat9643]

2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise

Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers.

www.businessinsider.com

Its TRANSITORY!

The Biden admin would never lie to the public!

Since Biden admin called inflation ‘transitory’, US has seen 13 straight months of soaring costs

Inflation hit 9.1% this week and has soared for 13 months since Treasury Secretary Janet Yellen told Americans that inflation in the United States would be "transitory."

www.foxbusiness.com

Exxonmobile had gross revenues of $285 billion last year. Your chart shows they had negative profits. Chevron also had negative profits. So what happened to these huge profits you claim they made?

 

[bripat9643]

Sure, always the victims.

Dims are dishonest scum who can't be trusted.

 

[bripat9643]

Are you saying this inflation is permanent?

As long as the Dims are in office.

 

[otto105]

As long as the Dims are in office.

Your going to hate the July CPI number.

 

[Toddsterpatriot]

Your going to hate the July CPI number.

What about the Q2 GDP number?

 

[kaz]

First, you're the one that started the childish insults.

Childish insults are your forte. Again, SWISH. I am not saying that people pick fun or insults for all time, it's per conversation. So your childish insults or my insulting a mental child like you in the past is irrelevant

Second, the law of supply and demand falls apart when there's a huge wealth gap.

What the holy fuck. That makes no sense. Talk about a non-sequitur. Supply and demand has nothing to do with your political views, it's about ANY market place with suppliers and consumers

Third, right now inflation is the primary issue. The cost of diesel of driving up the cost of everything:

This one thing is pushing up the price of almost everything you buy

Diesel moves nearly everything that is grown, processed or manufactured across the U.S. and around the globe. And its price is still sky high.

www.cnn.com

Right, I said that. Only I wasn't as myopic as you are just focusing on diesel, I pointed out it's all energy costs that are doing that

Fourth, saying that Oil company profit margins aren't as high as other sectors doesn't justify them. Other sectors are not as critical to the entire economy. Most of them are not essential.

Big Oil isn’t as rich as everybody thinks

Big oil companies aren't the money-gushers they once were, and efforts to punish them for high gas prices could make the problem worse.

finance.yahoo.com

Based on what? You obviously have no economic or finance education or experience. Ignoring that everything you said was either wrong or true but uninsightful, what is the prowess you believe you possess on this subject based on? Your believe that leftist lawyers know more about economics than economists?

 

[bripat9643]

Your going to hate the July CPI number.

You mean it's going to be higher?

 

[Pogo]

Because they were giving away oil? Selling it below cost? Corporations aren't guaranteed profits year after year. That's different than cutting production to artificially raise the price, reaping massive profits. They control the production and the delivery and they set the price.

You are more than welcome to explain this:




Or this:

View attachment 670346

The missing link here is that these end prices are dynamic. So when we say "a gallon of gasoline is $X.xx" that's not telling the whole story. If that price is (say) $4.50 right now, the rest of the sentence is that that $4.50 is also in the process of dropping precipitously. Where the actual price settles won't be known until it stops dropping. The image does not indicate a date but even checking just now it's already dropped from both that $104 and that $123 price.

 

[Richard-H]

Childish insults are your forte. Again, SWISH. I am not saying that people pick fun or insults for all time, it's per conversation. So your childish insults or my insulting a mental child like you in the past is irrelevant



What the holy fuck. That makes no sense. Talk about a non-sequitur. Supply and demand has nothing to do with your political views, it's about ANY market place with suppliers and consumers



Right, I said that. Only I wasn't as myopic as you are just focusing on diesel, I pointed out it's all energy costs that are doing that



Based on what? You obviously have no economic or finance education or experience. Ignoring that everything you said was either wrong or true but uninsightful, what is the prowess you believe you possess on this subject based on? Your believe that leftist lawyers know more about economics than economists?

Economists????



Since you didn't understand it when I said: "the law of supply and demand falls apart when there's a huge wealth gap", it shows that you have no understanding of real economics.

You just regurgitate pure BULLSHIT promoted by right-wing academics like the mindless school boy that you are.

BTW - Diesel cost is the single biggest cause of inflation.

 

[Oddball]

Biden said the inflation is transitory.

IT IS NOT.

LYING OR STUPID?

US Gets 14 Straight Months of Roaring Inflation Since Biden Regime Dubbed Issue ‘Transitory’

Samizdat – 15.07.2022 Data put out by the Labor Department this week showed that the Consumer Price Index hit 9.1 percent in June, its sharpest monthly increase since 1981 and the height of t…

alethonews.com

Russia invaded Ukraine 5 months ago.

This goes back 14 months.

LYING OR STUPID?

Lying....They knew that printing up $3 trillion was going to be inflationary.

 

[BluesLegend]

Breaking News: Biden is a moron.

 

[Oddball]

Economists????



Since you didn't understand it when I said: "the law of supply and demand falls apart when there's a huge wealth gap", it shows that you have no understanding of real economics.

You just regurgitate pure BULLSHIT promoted by right-wing academics like the mindless school boy that you are.

BTW - Diesel cost is the single biggest cause of inflation.

Why is it the most economically illiterate feel the need to proclaim most loudly and arrogantly that they're fucking oracles on the topic?

Diesel costs are high because of currency inflation, sub-imbecile.

 

[BluesLegend]

Lying....They knew that printing up $3 trillion was going to be inflationary.

Every time Dems gain power they rush to the trough to gorge themselves on PORK spending.

 

[Richard-H]

WTF is Socialization in regards to the oil industry?

Truman orders Army to seize U.S. railroads, Aug. 25, 1950

On this day in 1950, President Harry S. Truman placed the nation's railroads under the control of the U.S. Army.

www.politico.com