Reignite Inflation? I’m sorry when did Inflation stop being a problem?
Posted by DueDrama8301
Reignite Inflation? I’m sorry when did Inflation stop being a problem?
Posted by DueDrama8301
11 Comments
Submission Statement:
https://x.com/CBSNews/status/1846909026468049389
This coming from the same lady who blew off inflation and called it “transitory”? Yea let’s trust this dolt
[https://www.cnbc.com/2024/10/10/cpi-inflation-september-2024.html](https://www.cnbc.com/2024/10/10/cpi-inflation-september-2024.html)
Inflation stopped being a problem around June 2023.
The desperation by the left is delicious 😋
Prices haven’t gone down, but that’s not how inflation and disinflation works.
By definition, tariffs raises prices, if Trump doesn’t chicken out again and only pay lip service to tariffs.
That said, it’s a distinctly neoliberal argument that free trade lowers prices and raises wellbeing globally. Neoliberalism is also neocolonialism, so even if it raises prices it has a good chance of addressing Trump’s underlying goal of bringing more production to the US. Certainly enticing companies with massive tax credits that they’re allowed to abuse and then renege on the spirit of the deal has been a proven failure.
Too bad Trump has a proven track record of caring more about how he looks than what he does, and his followers do too. Trump won’t impose tariffs that raise prices, which means they won’t accomplish what he wants them to accomplish, the same as last time.
[https://www.bls.gov/opub/ted/2024/consumer-prices-up-2-4-percent-from-september-2023-to-september-2024.htm](https://www.bls.gov/opub/ted/2024/consumer-prices-up-2-4-percent-from-september-2023-to-september-2024.htm)
2.4% isn’t crazy inflation. I think she’s saying she’d hate to see it go back to the 8.3% numbers from 2022.
My guess is they know our current economic system is on borrowed time and are planning on its collapse once the orange guy gets back in.
Just heard that John Deere just layed off a couple of thousand workers due to their Mexico move. How is that good for the US economy? Some will bounce back and some won’t and overall it is a set back for the worker.
A lot of this commentary is ludicrous. It is fact that the regime changed the way they report inflation to minimize the media and public perception impact of their horrible performance. Utility bills are up almost 30% over the duration of the regime. Food costs are up over 22% and gasoline on average is also up over 30%. We print $3 BILLION per day of phony money we do not have. That is 3-thousand million PER DAY. In what world is this not an inflation death spiral. Real incomes are decimated and people are hurting. Please visit this link. It explains that by past measuring norms, that real inflation was 14% just 18 months ago. The numbers are deliberately rigged.
[https://www.fedsmith.com/2023/04/19/inflation-severity-depends-how-its-measured/](https://www.fedsmith.com/2023/04/19/inflation-severity-depends-how-its-measured/)
This is the same person that said inflation was going to be only “transitory” under the Burden/Harass Administration.
Lying ass albino toad.
I remember when Janet Yellen told us that inflation from 2021-2024 was “transitory” so I really don’t care what she thinks a tariff will do
Inflation isn’t a “problem” for everyone. If you, for example, control the means to create it, it’s beyond extremely profitable.
…one might joke, “it’s almost like printing money”.