18 eggs cost me 10.99 today

[rmt]

that's a fair stance from a conservative, but did you have the same attitude towards trump's 2017 tax cuts or did you allow yourself to fall for the mnuchin propaganda?

Was anyone concerned about inflation in 2017? This thread is 11 pages on eggs/inflation. Biden, if he is elected again, will worsen inflation with his/Dems' policies/propensity to SPEND.

[j3lademaster]

Was anyone concerned about inflation in 2017? This thread is 11 pages on eggs/inflation. Biden, if he is elected again, will worsen inflation with his/Dems' policies/propensity to SPEND.

I was concerned inflation was coming after the Trump cuts. And every one of my college buddies who went into the finance field said that was a billionaire giveaway as it happened 7 years ago. The tax cut increased more tax dollars going to corporations thus the literal pockets of the wealthiest shareholders, buying back their own stocks and artificially creating their own money multiplier. That created the largest transfer of assets, thus exacerbating wealth transfer under inflation, which the wealthy can cause any time they want to. And it’s not because we have crystal balls, it’s because if you take any level of economic education in school you are slammed with case study after case study of this happening: the jfk tax cuts(a democrat, not that I give a shit) for the wealthy, the Reagan cuts, the bush cuts; so yeah the Trump cuts were incredibly predictable for anyone with a modicum of education in the matter. The most sinister part about this is if random Econ students at community colleges learn about this stuff, you think the ivy leaguers working on these don’t?

https://truthout.org/articles/us-bil...-tax-overhaul/

Billionaire net worth has doubled since the cuts. It's not a coincidence.

And republicans are by far the bigger spenders. Of the last 16 presidents, there have been 8 republicans and 8 dems. The only democrats who left office with a bigger deficit than when they came in were JFK and Jimmy Carter. Otoh the only republican who left office with a lower deficit was Eisenhower, who is a Bernie Sanders socialist by today's standards since he was an advocate of social safety nets, championed wealth tax and so on



You're the perfect example of a little bit of knowledge being a dangerous thing. You learn the very basics of supply and demand, what index funds are and some tribal talking points and you create these inane conclusions based off of these.

[rmt]

I was concerned inflation was coming after the Trump cuts. And every one of my college buddies who went into the finance field said that was a billionaire giveaway as it happened 7 years ago. The tax cut increased more tax dollars going to corporations thus the literal pockets of the wealthiest shareholders, buying back their own stocks and artificially creating their own money multiplier. That created the largest transfer of assets, thus exacerbating wealth transfer under inflation, which the wealthy can cause any time they want to. And it’s not because we have crystal balls, it’s because if you take any level of economic education in school you are slammed with case study after case study of this happening: the jfk tax cuts(a democrat, not that I give a shit) for the wealthy, the Reagan cuts, the bush cuts; so yeah the Trump cuts were incredibly predictable for anyone with a modicum of education in the matter. The most sinister part about this is if random Econ students at community colleges learn about this stuff, you think the ivy leaguers working on these don’t?

https://truthout.org/articles/us-bil...-tax-overhaul/

Billionaire net worth has doubled since the cuts. It's not a coincidence.

And republicans are by far the bigger spenders. Of the last 16 presidents, there have been 8 republicans and 8 dems. The only democrats who left office with a bigger deficit than when they came in were JFK and Jimmy Carter. Otoh the only republican who left office with a lower deficit was Eisenhower, who is a Bernie Sanders socialist by today's standards since he was an advocate of social safety nets, championed wealth tax and so on



You're the perfect example of a little bit of knowledge being a dangerous thing. You learn the very basics of supply and demand, what index funds are and some tribal talking points and you create these inane conclusions based off of these.

And yet inflation was not a problem throughout the Trump years:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024 3.1 3.2 3.5 Avail.
May
15
2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7 3.7 3.2 3.1 3.4 4.1
2022 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3 8.2 7.7 7.1 6.5 8.0
2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3 5.4 6.2 6.8 7.0 4.7
2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2
2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8
2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4
2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9 2.2 2.0 2.2 2.1 2.1

https://www.usinflationcalculator.co...flation-rates/

[Norcaliblunt]

Racing to the bottom for prices, selling out small family farms in favor of enriching large corporations, and eating toxic tasteless eggs is not a good thing. Lmao.

Don’t be cheap when it comes to food. It’s definitely a vote with your dollars industry.

[j3lademaster]

And yet inflation was not a problem throughout the Trump years:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024 3.1 3.2 3.5 Avail.
May
15
2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7 3.7 3.2 3.1 3.4 4.1
2022 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3 8.2 7.7 7.1 6.5 8.0
2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3 5.4 6.2 6.8 7.0 4.7
2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2
2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8
2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4
2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9 2.2 2.0 2.2 2.1 2.1

https://www.usinflationcalculator.co...flation-rates/

Ok, so when I said the wealthy can cause inflation ‘whenever they want’ I didn’t mean it literally. It’s colloquialism. They don’t push a ‘global inflation’ button. CME owns ~30% of the Dow and the SP 500, they can’t own more because they’re already over saturated. They would have to schedule buy and sell dates for hedgefunds and congress members(whoever inside trades with them) and create a need to pump more cash into the economy(you need to create an appropriate reserve to prevent a second Great Depression). It’s convenient that shareholders of the banks who own the FED are some of these inside traders too. This takes time, and yes, it’s as sinister as it sounds. Trump increased deficit spending AFTER tax cuts to artificially pump up a down market in order to accelerate this process leading to great short term(tesla was $380 in march and became like $2000 that same oct, along with a lot of other companies) at the cost of the long term. What’s more is single family home investment was seen as a high capital low reward venture in the past, but if you give the top .01% more money than they know what to do with, they will invest in the next thing until they face oversaturation in the market and move on to the next, and so on until we have hedgefunds buying single family homes and skyrocketing prices. Absolutely predictable, because that’s what happened historically. Did I predict specifically single family homes this soon? Gun to my head, probably not, but the trend(and thus the damage) was easy to spot.

And it’s not just the Trump cuts. Like I said before JFK, Reagan, Bush and Trump cuts all caused this. A wealth transfer like that takes decades or you risk crashing the market/ causing civil unrest. The inflation was very predictable though, even without the pandemic. But by all means, keep pretending it wasn’t the tax cuts and keep simping for your billionaire overlords. One day our kids and or kid’s kids won’t be able to afford houses, but that’s all good because our generations got ours.

[Baller234]

Hey genius, when Trump cut taxes for corporations... it applies to all corporations big and small. Not just billionaires.

Every single business owner and self employed contractor did better under Trump. There is extremely low consumer confidence right now across the board and absolutely no one in the private business sector is excited about the possibility of four more years of Brandon.

The strength of an economy is measured by the ability to conduct business and the access to goods and services, both which were stronger under evil Orange Face. In fact the economy was doing so well that TDS libs like Bill Maher were on national television saying how he wishes the economy could take a hit so that Trump loses momentum.

[rmt]

Racing to the bottom for prices, selling out small family farms in favor of enriching large corporations, and eating toxic tasteless eggs is not a good thing. Lmao.

Don’t be cheap when it comes to food. It’s definitely a vote with your dollars industry.

Pastured raised eggs - the yolks are so bright and orange.

[rmt]

Bidenflation Soars To 18.8%, Squeezing Americans

Inflation results from excessive Federal Reserve money printing and government spending, expanding the money supply. This leads to prices rising and effectively acts as a hidden tax on everyone.

Average hourly earnings for all employees dropped 2.5% to $11.11 in March 2024 from $11.39 in January 2021 when Biden assumed office. According to Mark Zandi, the chief economist at Moody's Analytics, the typical U.S. household now requires $1,069 more each month (equivalent to $12,828 annually) compared to three years ago, $784 more per month compared to two years ago, and an additional $227 per month compared to last year.

We developed the TIPP CPI, a metric that uses February 2021, the month after President Biden's inauguration, as its base to measure the rate of change. All TIPP CPI measures are anchored to the base month of February 2021, making it exclusive to the economy under President Biden's watch.

The BLS CPI rate doesn't accurately capture Americans’ inflation struggles. The official BLS CPI year-over-year increases will compare prices to already inflated bases in the coming months, and these statistics could mask the full impact. Further, the media and some economists frequently use the low CPI rate to present a rosy economic outlook supporting Biden’s policies.

For March 2024, the BLS reported a 3.5% annual CPI increase. Compare this to the TIPP CPI of 18.8% - a 15.3-point difference. Prices have increased by 18.8% since President Biden took office. On an annual basis, TIPP CPI is 6.0%.

https://tippinsights.com/bidenflatio...ing-americans/

They need to raise interest rates AND cut back on spending - just like households are cutting back on eating out, trimming insurances, etc. - IOW, tightening their belts. Get out of here with $7.3 trillion a year budgets - this spending is unsustainable.

[Jasper]

And yet inflation was not a problem throughout the Trump years:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024 3.1 3.2 3.5 Avail.
May
15
2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7 3.7 3.2 3.1 3.4 4.1
2022 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3 8.2 7.7 7.1 6.5 8.0
2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3 5.4 6.2 6.8 7.0 4.7
2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2
2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8
2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4
2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9 2.2 2.0 2.2 2.1 2.1

https://www.usinflationcalculator.co...flation-rates/

could it be cause no one had jobs and sitting at home wondering where the ivermectin can be bought ?

[j3lademaster]

Bidenflation Soars To 18.8%, Squeezing Americans

Inflation results from excessive Federal Reserve money printing and government spending, expanding the money supply. This leads to prices rising and effectively acts as a hidden tax on everyone.

Average hourly earnings for all employees dropped 2.5% to $11.11 in March 2024 from $11.39 in January 2021 when Biden assumed office. According to Mark Zandi, the chief economist at Moody's Analytics, the typical U.S. household now requires $1,069 more each month (equivalent to $12,828 annually) compared to three years ago, $784 more per month compared to two years ago, and an additional $227 per month compared to last year.

We developed the TIPP CPI, a metric that uses February 2021, the month after President Biden's inauguration, as its base to measure the rate of change. All TIPP CPI measures are anchored to the base month of February 2021, making it exclusive to the economy under President Biden's watch.

The BLS CPI rate doesn't accurately capture Americans’ inflation struggles. The official BLS CPI year-over-year increases will compare prices to already inflated bases in the coming months, and these statistics could mask the full impact. Further, the media and some economists frequently use the low CPI rate to present a rosy economic outlook supporting Biden’s policies.

For March 2024, the BLS reported a 3.5% annual CPI increase. Compare this to the TIPP CPI of 18.8% - a 15.3-point difference. Prices have increased by 18.8% since President Biden took office. On an annual basis, TIPP CPI is 6.0%.

https://tippinsights.com/bidenflatio...ing-americans/

They need to raise interest rates AND cut back on spending - just like households are cutting back on eating out, trimming insurances, etc. - IOW, tightening their belts. Get out of here with $7.3 trillion a year budgets - this spending is unsustainable.

I’m not gonna go into why these metrics are misleading since none of this ever goes anywhere. I’ll just keep it simple. What should Biden, or any president in his place, do about lagging wages? Corporations and shareholders are seeing record profits so the money is there. That’s the govt job after all, to make sure the market can flourish right? Should he micro how corporations spread wealth within their own company? Why not pay their workers? You guys don’t want social safety nets that allow people to be pickier about their pay and job prospects, you want deregulation and less labor laws, you think the $20 min wage in ca is abhorrent; so tell me… what should the president do about lagging wages.

[rmt]

could it be cause no one had jobs and sitting at home wondering where the ivermectin can be bought ?

Was that happening 2017, 2018 and 2019 before covid hit? 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, May 5, 2019

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.”

https://apnews.com/article/business-...158c7afc38acc9

[rmt]

I’m not gonna go into why these metrics are misleading since none of this ever goes anywhere. I’ll just keep it simple. What should Biden, or any president in his place, do about lagging wages? Corporations and shareholders are seeing record profits so the money is there. That’s the govt job after all, to make sure the market can flourish right? Should he micro how corporations spread wealth within their own company? Why not pay their workers? You guys don’t want social safety nets that allow people to be pickier about their pay and job prospects, you want deregulation and less labor laws, you think the $20 min wage in ca is abhorrent; so tell me… what should the president do about lagging wages.

And what does a $20 min wage in CA do? Drive up prices, push automation and job loss.

[SATAN]

Why the **** would anyone pretend to be an old white women on a basketball forum? Who's alt is this?

[j3lademaster]

And what does a $20 min wage in CA do? Drive up prices, push automation and job loss.

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.

[bladefd]

I’m not gonna go into why these metrics are misleading since none of this ever goes anywhere. I’ll just keep it simple. What should Biden, or any president in his place, do about lagging wages? Corporations and shareholders are seeing record profits so the money is there. That’s the govt job after all, to make sure the market can flourish right? Should he micro how corporations spread wealth within their own company? Why not pay their workers? You guys don’t want social safety nets that allow people to be pickier about their pay and job prospects, you want deregulation and less labor laws, you think the $20 min wage in ca is abhorrent; so tell me… what should the president do about lagging wages.

If Biden were to do that, Republicans/conservatives would be crying "COMMUNISM!!" It's clear that they are only bitchin' due to who is in power. It's meant to be misleading and disingenuous.