Gritsngravy
Superstar
People said Inflation wasnât Biden fault out of his control, but he fixed inflation?
Joe Biden has cut inflation by a HALF! 1/2! đ¤Š
- Thread starter âď¸#VoteDemocrat
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Gritsngravy
Superstar
Itâs about making the dollar competitive in the global market, they sacrificed the citizens to make sure the dollar can compete, so we gon pay these high ass prices for the foreseeable futureBS. Gas is still HIGH. Rent is high AF. Wages/pay are barely increasing, car-prices still thru the fukkin roof, etc, etc. Everything is overpriced and squeezing ppl. Impending student loan crisis, also on the horizon. I'm at a major corporation and folks were getting let go (after setting record breaking profits last year in their area). Business is up and down/inconsistent, and from the looks of things, companies are moving tight wit their money, because they're still anticipating some sort of recession.
Unemployment #s I'm callin BS too. Those are ppl workin BS gig jobs, seasonal jobs, or getting paid unlivable wage. FOH tryin to promote these BS articles/agenda. A lot folks are fakin it to make it on credit (makin it look good), cash-strapped, or check to check.
But these dudes who follow politics like a reality show or they favorite sports team wonât tell you that
Germms
All Star
Between the inflation reduction act and supply chain isssues resolving its definitely a good look on Biden. Idk breh I didnât expect anything from Biden but heâs been cooking. I wish he was a bit my aggressive on certain shyt but heâs very decent. B grade.
I think I got brain wiped cuz I can't even remember. Whatever you were paying it was probably a dollar and a half more than that
Best president of my lifetime so far
EhhhâŚOP isnât adding context thoughâŚinflation slowing just means the rate at which prices are increasing has slowed, it doesnât mean prices have fallen. Prices are still high.
Illustrative example with simple figures:
In 2020, the price of a generic grocery basket is $100.
In 2021, that same basket is $110. The YoY inflation rate is 10%
If in 2022, that same basket is $117, the YoY inflation rate is 6.36%. (($117/$110-1)*100)
Then in 2023, that same basket is $120, YoY inflation is 2.56% (($120/$117-1)*100)
A politician can say that yes, Inflation has come down from 10% in 2021 to 2.56% in 2023, but it misses the point that over a 3yr span, the cost of those groceries has gone up 20%.
Moreover, even if YoY inflation is less than 1% moving forward, $120 is the ânew normalâ for these same basket of groceries that cost $100 just 3 yrs ago.
How many people are increasing their pay by 20% in 3 yrs? Most people remain flat so their purchasing power is being eroded.
Slowing inflation =\= deflation (a falling of prices, which is what consumers would want).
These prices are the new norm and are squeezing many Americans. All those âexcess savingsâ from the pandemic have been exhausted and revolving credit has ticked up to pre-pandemic levels.
Just want to add some context
Illustrative example with simple figures:
In 2020, the price of a generic grocery basket is $100.
In 2021, that same basket is $110. The YoY inflation rate is 10%
If in 2022, that same basket is $117, the YoY inflation rate is 6.36%. (($117/$110-1)*100)
Then in 2023, that same basket is $120, YoY inflation is 2.56% (($120/$117-1)*100)
A politician can say that yes, Inflation has come down from 10% in 2021 to 2.56% in 2023, but it misses the point that over a 3yr span, the cost of those groceries has gone up 20%.
Moreover, even if YoY inflation is less than 1% moving forward, $120 is the ânew normalâ for these same basket of groceries that cost $100 just 3 yrs ago.
How many people are increasing their pay by 20% in 3 yrs? Most people remain flat so their purchasing power is being eroded.
Slowing inflation =\= deflation (a falling of prices, which is what consumers would want).
These prices are the new norm and are squeezing many Americans. All those âexcess savingsâ from the pandemic have been exhausted and revolving credit has ticked up to pre-pandemic levels.
Just want to add some context
Bad things happen? Well, the politicians I voted for have nothing to do with that, there's no way they could possibly be involved at all. I feel smug about this.
Good things happen? That's my guys, they put the team on their back though, Greg Jennings, fukk with me. I also feel smug about this. I see no problem here.
/THREAD
These agents are so much worse and easily identifiable than the ones that were on here in 2016Where was your smoke for Trump when that UN report said Americans are becoming poorer? Oh wait
When saw his own post catch him up he probably hit the
Tres Leches
Empire Business
Is this the narrative ? It wouldnât have gotten that high if he was proactive and raised the rates sooner
Now they donât cut cause they scared of a second wave
It wouldnât have gotten that high if he was proactive and raised the rates soonerNow they donât cut cause they scared of a second wave
BaldingSoHard
Banned
The effects of this legislation will carry over into the next term and hopefully that's when you'll see the effects. If Biden doesn't get elected someone else will take credit for it. It's not magic where as soon as he adds his signature inflation is cut in half
