18 eggs cost me 10.99 today

[QUOTE=rmt;14899484]Was that happening 2017, 2018 and 2019 [B][U][I]before covid hit[/I][/U][/B]? I seem to recall record low unemployment and rising wages for blacks and hispanics under Trump. Here's a refresher:

Donald Trump gets little jobs credit from blacks, Hispanics
Published 6:47 PM EDT, [B]May 5, 2019[/B]

Black and Hispanic workers are seeing record-low unemployment and rising wages under President Trump, yet community leaders say it likely is not enough to sway their support to the president in next year’s election.

The unemployment rate for Hispanics dropped to 4.2% in April, the lowest level since the government began tracking the data in 1973.

Unemployment for black Americans was at a near historic low of 6.7%, up slightly from the record low set last year.

Average hourly pay rose 3.2% in the past 12 months. The fastest increase in pay was pocketed by low-wage workers, according to the Bureau of Labor Statistics.

“The new jobs report is further proof that the Trump economy continues to boom and deliver benefits that all Americans are feeling,” said Trump campaign spokeswoman Kayleigh McEnany. “With this kind of momentum, we look forward to hearing the economic plans of the Democrats as they spin tales about Americans not feeling the results of the Trump economy, when in fact workers everywhere can feel the boom.”

[url]https://apnews.com/article/business-elections-donald-trump-race-and-ethnicity-economy-c89c6b2231af504f12158c7afc38acc9[/url][/QUOTE]

Ding ding ding. You answered yourself in your very first sentence.

[QUOTE=rmt;14899401]Bidenflation Soars To 18.8%, Squeezing Americans

[B]Inflation results from excessive Federal Reserve money printing and government spending, expanding the money supply[/B].[/QUOTE]

You’re being really dumb or at least tunnel-visioned here. Inflation results from a variety of factors. Massive tax cuts are a big factor.

Just in case someone is going to spin this as me being pro taxing everyone out the ass..that’s not what I’m saying. But you willingly ignoring a huge part of the equation is wild to me.

[QUOTE=ShawkFactory;14899634]You’re being really dumb or at least tunnel-visioned here. [B]Inflation results from a variety of factors. Massive tax cuts are a big factor.[/B]

Just in case someone is going to spin this as me being pro taxing everyone out the ass..that’s not what I’m saying. But you willingly ignoring a huge part of the equation is wild to me.[/QUOTE]

As a temporary effect, yeah, but in the long term they technically shouldnt be, whatever money the government collects through taxes still ultimately goes somewhere else. The same amount of money will still exist. If the money is out there it's gonna find it's way into the market one way or another.

Ultimately the only DIRECT way to inflate the dollar as far as I'm aware is to increase the supply of money or reduce the supply of goods. That's what a dollar's value comes down to. You could argue a variety of different factors can lead to one of those things happening. But the direct cause of inflation is gonna be one of those two things, methinks.

Anyway inflation does suck for us, because we end up with less disposable income, at least for a time, but think of all the places around the world where there is no disposable income, and rising food prices equate to outright starvation. That's actually happening. It doesnt get a ton of play in the news but tens of millions of people around the world who WERENT starving before covid are starving now.

And yeah I know some people will say "well the planet is overpopulated" and yes that is absolutely true, but that doesnt mean covid and the response to it was some kinda calculated thing specifically timed to have this effect on a planet with unsustainable population growth and development. It just means that pandemics happen sometimes. Well I mean they hadnt happened in a long time, but this one happened. And we just have to deal with it. On the bright side, it significantly sped up the path to reduced carbon emissions in the developed world. On the tragic side, millions in the third world died due to the supply chain disruptions caused by Covid.

So when you pay an extra 30, 40 cents for eggs just remember that huge numbers of people in Sri Lanka and Ghana and Yemen are actually dying off. So much so that the continuous encroachment on natural preserves and wildlife in these regions is probably even reversing to an extent. It's a humanitarian tragedy. Just remember that the extra 30 cents you pay each time you buy eggs is killing those people off. Youre paying 30 cents more to eradicate human life in these places. And you can thank Joe Biden for that. I mean that sarcastically of course, because it's a terrible thing that I'm not happy is happening. Thanks a lot Joe.

[QUOTE=j3lademaster;14899561]I agree, but answer the question. You’re blaming Biden for lagging wages, so obviously you believe there’s a policy he can enforce at the macro level to remedy this.[/QUOTE]

Where exactly do you see me blaming Biden for lagging wages? I object to Biden's spending and CA's passing of a $20 minimum (restaurant?) wage.

[QUOTE=SATAN;14899553]Why the **** would anyone pretend to be an old white women on a basketball forum? Who's alt is this?[/QUOTE]

LOL - you are assuming I'm white. I acknowledge the old (although I would say middle aged) woman.

[QUOTE=ShawkFactory;14899634]You’re being really dumb or at least tunnel-visioned here. Inflation results from a variety of factors. [B]Massive tax cuts are a big factor[/B].

Just in case someone is going to spin this as me being pro taxing everyone out the ass..that’s not what I’m saying. But you willingly ignoring a huge part of the equation is wild to me.[/QUOTE]

Is there [B]MORE[/B] money in the system when there are massive tax cuts? I would say NO - it's the same amount of money - just a matter of [B]WHO[/B] has/gets the money - the government OR everybody else (taxpayer, corporations, etc.). I believe the government should [B][U]SPEND[/U][/B] what/less than they take in (of course, I don't mean special situations like world wars, covid, etc.). So you probably mean the deficit (less tax revenue without cutting spending) - but I have already shown the inflation numbers under Trump and [B]his tax cuts did not significantly affect inflation.[/B]

So, going forward, who thinks Biden's $7.3 trillion budget is going to make inflation worse than whatever Trump would put forward? I don't think (even with increased defense spending), Trump's budget would be that crazy. Regarding defense spending - I think they should move away from the big stuff [aircraft carriers/planes] and toward drones/technology/AI [collaborate with Silicon Valley (lol-that ain't happening)] and streamline. Every department in federal government should cut their budget 2% until this debt is under control. But no, they're probably going to continue with this automatic annual % increase and nutty spending until our dollar is worthless/no longer the world's reserve currency (then we'll really be in ****).

[QUOTE=SATAN;14899553]Why the **** would anyone pretend to be an old white women on a basketball forum? Who's alt is this?[/QUOTE]

Check my Join Date: Feb 2008 (probably my frustration with small ball/Suns/Mavs). Current objection seems to be on my political views - not my basketball takes all these years.

I have some sad news. Paksat has passed away. Cause of death was sheer embarrassment. RIP :(

The brainwashed dementia patient forgot she already replied to that comment :biggums:

[QUOTE=SATAN;14899810]The brainwashed dementia patient forgot she already replied to that comment :biggums:[/QUOTE]

Nope - I wanted to add to the reply because the reaction/insults to political posts seem much more oversized than to basketball posts (but original would not let me edit) but you just reinforced my point.

Literally too brainwashed to acknowledge that the system isn't this simple thing where Biden comes in, clicks his fingers and fixes everything. Always looking for ways to victimize themselves lmao.

bought a dozen eggs 2 weeks ago , haven't used them ...

willing to give them away to a MEGA

[QUOTE=SATAN;14900098]Literally too brainwashed to acknowledge that the system isn't this simple thing where Biden comes in, clicks his fingers and fixes everything. Always looking for ways to victimize themselves lmao.[/QUOTE]

May god help you.

[QUOTE=warriorfan;14900429]May god help you.[/QUOTE]

He is spot on. Joe Biden does not control egg prices. To be fair Trump was pegged unfairly the same way. But if we are going to make any kind of progress the general population really needs to stop pretending that Presidents are in complete control of the world's economy.

Even under that false guise Biden has done better with the US economy than the rest of the world has.