Working at 76: Inflation forces hard choice for older adults

[Lisa558]

He votes third party; throwing away his vote. Now he feels no responsibility for not making any attempts to stop him from taking office.

If just a small percent of the idiots like Moonglow who threw their vote away on someone who could never win would have voted for the better between Trump and Biden - meaning Trump - we would not have a dementia patient serving as president.

 

[Ray From Cleveland]

If all the business costs are passed on to the customer, how is it that every non-supervisory and production worker has seen their wages increase by 1.6% more than inflation the last five months. And low-skilled workers have seen their wages increase by almost twice that of inflation since the beginning of the pandemic.

And these people that became "conditioned to not working", if the extra unemployment dried up over a year ago how are they making it? Could it be that they found a way to make more money, or maybe make less but spend less money, than when they worked a so-called "job"? Why would you begrudge them that? Because you want cheaper Fruit Loops?

And this increased utility cost claim, it is bullshit. Natural gas is up in price, because we EXPORT so much of it. Coal prices are down from a spike in March, and they will decline further. But the biggest thing, utilities capital spending has been increasing for a decade, and last year, under Biden, it broke all records. Smart utility plays are the place to be in the market. And so much for the claim that Biden is slowing investment, in either utilities are production. Domestic oil production will break records this year, or at least by the end of next year. I mean the claims you on the right make just don't pan out.

Look, this inflation thing was easily predictable. First, under Trump, with an economy contracting due to Covid, personal incomes went UP due to government payments. Hell, Trump was doing everything short of dropping dollars from helicopters. Personal savings expanded dramatically. I mean, du huh. And, with workers out of work, and drawing those big checks, the supply chain was fubared. It is only beginning to recover.

The war in Ukraine didn't help. Few people realize how important Ukraine was to the grain markets, and Russia to the fertilizer market. And the US, trying to be a good ally, has exported tons of natural gas and finished oil products to her allies. But we all are paying the price. And it is absolutely delusional to think that Trump would have prevented Putin from going senile.

The reality is the US is sitting in the catbird seat. "America first", wasn't that Trump's mantra? To bad he had no clue how to make that happen. We tell the rest of the world to go to hell, we thrive. We can be energy independent, and we have a thriving labor force, in no small part thanks to immigration, both legal and illegal.

But enough, let me lay the future out for you. The Fed will raise the discount rate again, and that will be the straw that breaks the camel's back. Recession is on the horizon, and maybe it is planned, because I sure don't see how anyone with two brain cells can't see that we don't need another rate hike. Millions will be laid off. Housing prices will plummet. But don't worry about your 401K, the market will enter a new bull market. Inflation will calm down, but the Phillip's curve is real, there will be a tradeoff.

In that scenario, Biden loses to anyone other than Trump, and that is your wake-up call. Republicans can take the House, which they already have, barely, and they can take the Senate. They can win the executive and get the coup de tat, have complete control, if they just lock up that dumbass Trump. If they don't, then welcome to insignificance, the scrap heap of history, and take your place besides the Know Nothing party.

First of all your problem is ignorance of how the market works. All fuel are commodities. As such, they are traded worldwide no matter how much you produce or don't produce. Fuel suppliers do not create their own prices or profits. That's done in the market which they have little control over.

Energy independence does not mean we make our own fuel and keep it for ourselves. Energy independence means that if we export 13 million barrels of oil per day, and import 13 million barrels of oil per day, we are then considered energy independent. If we export 14 million barrels per day, and import 13 million, we are considered a world exporter of fuel which we were under Trump.

Now, when investors (speculators as they call us) see trouble with any commodity, they buy what's called long contracts meaning they are predicting the prices goes up. The more long contracts bought, the higher the price goes. Dementia not only talked the talk, he walked the walk. One of the first things that he did after invading the White House was shutdown the Keystone. Following that he stopped all new permits for exploration and drilling on public land. He doubled their royalty fees and placed more "green" regulations. Then when our largest gasoline pipeline was hacked by the Russians, he made a public statement that it's none of governments business. It's a private market matter. So speculators bought long contracts.

You made my point without even realizing it. Yes, companies are paying much more for labor than they used to. Those costs are transferred to the products and services we use every day. As I already pointed out, the definition of inflation is paying more for services and products than we have in the past, and labor for most companies is their largest expenditure.

How Americans are surviving without working is anybody's guess. For service workers, they are usually young adults still living with their parents. Dementia increased food stamps the most since the program began. Adding additional child tax credits was no help either. But one way or another, we have over 7 million men of working age not working any longer. He created all this.

 

[Ray From Cleveland]

If just a small percent of the idiots like Moonglow who threw their vote away on someone who could never win would have voted for the better between Trump and Biden - meaning Trump - we would not have a dementia patient serving as president.

Correct, but in their minds, they think they are making a statement. Nobody pays attention to their statement but they ignore that part.

In most cases, people don't vote to get their candidate in, they vote to keep the worst candidate out. Given that voting third party doesn't accomplish that, their vote is a waste of their time and our money. It was as clear as a nice summer day that Dementia was indeed the worst candidate out of the two. Because we didn't ban together to keep him out of office, we're stuck with him for at least another two years.

 

[B. Kidd]

Correct, but in their minds, they think they are making a statement. Nobody pays attention to their statement but they ignore that part.

In most cases, people don't vote to get their candidate in, they vote to keep the worst candidate out. Given that voting third party doesn't accomplish that, their vote is a waste of their time and our money. It was as clear as a nice summer day that Dementia was indeed the worst candidate out of the two. Because we didn't ban together to keep him out of office, we're stuck with him for at least another two years.

Sippy Cup and his minions continue to surrender our sovereignty, even moreso in 2 days.
The 3rd temptation of Christ by the devil was the surrender of sovereignty.
Christ resisted, America has not!!!

True story.

 

[Harpy Eagle]

Yes you did... you voted against Trump which helped to get Joe elected...

I also voted against Biden

hell fool you are his most strident supporter here.... anytime someone bad mouths Joe you come running to defend him....

And yet after all this time you still cannot link to a single post of me doing so.,

 

[Harpy Eagle]

He votes third party; throwing away his vote. Now he feels no responsibility for not making any attempts to stop him from taking office.

Voting for the duopoly is throwing your vote away

 

[Harpy Eagle]

would have voted for the better between Trump and Biden

There was not better between Trump and Biden.

Picking the better of those is like picking the better of syphilis or gonorrhea

 

[Nova78]

In Colorado our natural gas bills have in some cases doubled, Biden and the Democrats
are killing the Country.

 

[initforme]

I sat the last election out. Will do the same unless desantis runs.

 

[LeftofLeft]

My MIL worked until 85 and didn't have to.

and she chose to work, did not HAVE to work in a hyper inflation economy. Try to be relevant.