Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers', who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.
The monthly Consumer Price Index report from the Bureau of Labor Statistics was released Tuesday morning, and while inflation continues to rise some economists appear pleased, with one stating the report is "slightly better than anticipated."
Overall, the annual rate of inflation is 8.5 percent, but removing food and energy, prices are up 6.5 percent annually.
Gas prices are a big part of the inflation rate. CNN's cable reporting calls the current report a "rearview mirror" look, given that gas prices are coming down. They add some economists are hoping the peak of the inflation has been reached. They also note that the U.S. does not rely much on oil from Russia, so in other countries, inflation is worse.
"Food prices are up 8.8% over the past year. Energy prices are up 32%, including 11% in March alone -- reflecting the spike in energy prices associated with Russia's invasion of Ukraine," The New York Times' Ben Casselman notes.
Casselman points to Putin's illegal war in Ukraine for food price increases:
And he sees some good news: "Headline inflation accelerated in March, but we all knew that would happen given gas prices. The bigger surprise is the slowdown in 'core' inflation."
There's still plenty to be concerned about. Casselman says this is "the fastest year-over-year inflation since 1981."
Meanwhile, oil companies – not the President – set the price of gas at the pump and other energy products, and are under no obligation to price gouge, which is illegal in most states during a declared state of emergency, such as war, natural disasters, or COVID-19.
University of Michigan economist and public policy professor Justin Wolfers:
And Wolfers throws a challenge to the mainstream media, which is generally focused on only bad news:
Stocks rebound on hope inflation is peaking, Nasdaq adds 1% PUBLISHED MON, APR 11 20226:03 PM EDTUPDATED 6 MIN AGO Sarah Min @_SARAHMIN thumbnail Samantha Subin @SAMANTHA_SUBIN Stocks rose Tuesday, boosted by data showing that so-called core inflation rose slightly less than expected last month.
The Dow Jones Industrial Average gained 175 points, or 0.5%. S&P 500 jumped 0.7%. The Nasdaq Composite climbed close to 1%, after falling more than 2% in the prior session as tech stocks that have been hit hard this year on higher rate fears rebounded.
Consumer prices for March increased 1.2% month-to-month and 8.5% annually, the Labor Department said on Tuesday. But traders were focusing on the core reading, which excludes food and energy prices. Core CPI in March increased 0.3%, below the consensus economist estimate from Dow Jones of 0.5%. Core prices on an annual basis were up 6.5%.
“It’s a red hot number but the market’s reaction for now suggests its priced in, especially with the month over month core read coming in below expectations,” wrote Mike Loewengart, managing director of investment strategy at E-Trade from Morgan Stanley. “The big debate is whether elevated reads like these are the new normal, or if we’re beginning to see a light at the end of the inflationary tunnel.”
The 10-year Treasury yield retreated from a three-year high following the report as traders were betting the core reading could mean inflation is showing signs of peaking.
That helped tech stocks recover some of their losses this month. The tech-heavy Nasdaq is down more than 5% this month, as investors sell growth names amid rising rates.
_____
If the economy continues to grow rapidly and if inflation rates will decrease you will refuse to post good news ��
Yes as the GOP cheers another victory for the party and winning in November.....Fuck the country as long as us old white men remain in power and say NO!!!!!!!
Sadly the Biden team is attacking the environment. "President Joe Biden is visiting corn-rich Iowa on Tuesday to announce he'll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administration tries to tamp down prices"
A crooked Democrat has been charged by his own party enforcement services
New York’s Lieutenant Governor Has Been Indicted for Campaign Finance Scheme
ADAM KLASFELDApr 12th, 2022, 10:37 am
2
State Senator Brian Benjamin pumps his fist as he celebrates during a press conference announcing him as Lt. Governor on Aug. 26, 2021 in New York City.
New York’s Lt. Gov. Brian Benjamin (D), the second-in-command to Gov. Kathy Hochul (D), surrendered to federal authorities on Tuesday on a bribery conspiracy indictment accusing him of scheming to funnel money to a prior campaign.
The five-count indictment dates back to before Benjamin’s tenure as a New York state senator from 2019 until early 2021, before he became Hochul’s top lieutenant. Prosecutors say that he participated in a scheme to obtain campaign contributions from a real estate developer in return for using his senatorial position to help obtain a $50,000 for a non-profit organization controlled by that developer.
The allegedly illegal contributions were intended to benefit Benjamin’s failed campaign for comptroller in 2021, prosecutors say.
If there is one economist that this White House can’t stand sometimes, a dismal scientist with an uncanny knack for offering the gloomiest but most accurate analysis at the worst moments politically, that very well might be Larry Summers.
It was Summers, a former Treasury secretary under President Clinton and later a senior economic adviser to President Obama, who warned the White House for months last year that, no, inflation would not be temporary or transitory as they had hoped.
And he was right: the Consumer Price Index rose by 7.9% through February, the fastest annual increase in four decades. Eventually President Biden came around, announcing last month that addressing inflation would be his “top priority.” Now, ahead of new data to be released by the Labor Department Tuesday, the White House warns that inflation numbers will be “extraordinarily elevated.”
Given that Summers was right about inflation, does Biden believe the economist will be right about a recession? “That is not a projection we have made from here,” Jen Psaki told reporters in the briefing room Monday. “We believe,” added the White House press secretary, “that the economy is strong.” Psaki was responding to a Washington Post op-ed written by Summers last week that has subsequently been ricocheting through the West Wing. It was the latest in what some in the press call an “I-told-you-so tour” of late, and while the Harvard professor believes the inflation that he spent so many months warning about could come down, he now predicts more bad news. “Over the past 75 years, every time inflation has exceeded 4 percent and unemployment has been below 5 percent, the U.S. economy has gone into recession within two years. Today, inflation is north of 6 percent and unemployment is south of 4 percent,” he warned.
That last number has been a particular area of pride for the president. During his first State of the Union address, Biden trumpeted the fact that 6.5 million jobs were added during his tenure, and Psaki repeated that data as if by rote from the White House podium, saying, “We have created more jobs last year than any year in American history. We saw the unemployment rate at 3.6% last month.”
Some economists worry that an economy, awash in government stimulus, may be rebounding from the pandemic and expanding too quickly. The fear is an overheating economy driven by unsustainable growth. That’s what Summers says he saw last year when so many others refused to look.
“We had a tidal wave of demand between zero interest rates from the Fed, a huge outpouring of saving that people had pent up from the COVID period, and massive fiscal policy from the December bill and then the stimulus bill that was passed,” he told Chuck Todd last Sunday on NBC’s “Meet the Press.”
There was too much demand between all those factors, and labor shortages would be the natural result even as Americans returned to the workforce. “The bathtub was going to overflow, so to speak,” Summers said, “and the inflation rate was going to pick up.” A land war in Europe and the subsequent spike in oil prices that followed U.S. sanctions of Russia have only made things worse. But the White House remains bullish.
They’ve taken precautions throughout the recovery.
“The core question is whether the strength of the U.S. economy is now an asset or a liability,” he said. “What we have done over the course of the last 15 months is driven a uniquely strong economic recovery in the United States, which positions us uniquely well to deal with the challenges ahead.”
“The core question is whether the strength of the U.S. economy is now an asset or a liability,” he said. “What we have done over the course of the last 15 months is driven a uniquely strong economic recovery in the United States, which positions us uniquely well to deal with the challenges ahead.”
A recession is not, however, inevitable. At least, so says Summers, even after noting again that the historical trends may be heading in the wrong direction. There were options he recommended such as continuing to tap the strategic petroleum reserve to lower oil prices, reduce tariffs, and direct the government to purchase goods at cheaper prices.
“Perhaps we will be fortunate and there will be sufficiently rapid adjustments in commodity prices and other bottlenecks that will make that not happen. Perhaps the Fed will be extraordinarily skillful,” Summers said before outlining those options.
“But it's not going to be easy,” he concluded, “starting from where we are.”
Recommended Newsletters Carl M. Cannon's Morning Note headlines against the historic events RCP Today Top stories on RealClearPolitics Related Topics: Inflation, Recession, Economy, BidenPolitics,
Comment Show comments 84 You must be logged in to comment. RCP Account: LoginRegister ADVERTISEMENT
Bottom line is that we don't yet know how much impact it will happen in November but the President still has low approval despite the economic recovery has been historically high.
Wait until Europe gets hungry, because their bread basket isn’t online
The good news is that with the advent of spring, freezing to death is less of a problem.
Starving to death on the other hand -
Italian dairy farmers are the latest in the European agri-sector to report an impending crisis as the costs of energy, animal feed and other necessities are slashing margins and profits, and may force some farmers out of business entirely.
...
Other EU countries have also expressed concern regarding food production, including farmers in Sweden, who say under certain circumstances they may have to cut their harvest in half due to shortages and rising costs of fertilizers and manures over the war in Ukraine.
Giansanti is not the only one sounding the alarm over food security. Last month, Svein Tore Holsether, head of the agri company Yara International, also warned that the world could be heading for a global food crisis.
“For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be,” he said.
Twelve years after its passage, the landmark law has expanded health coverage only modestly—while raising costs, reducing choice, and doing little to improve outcomes.
Three reasons explain why the ACA had a smaller effect on health than its advocates anticipated. First, many uninsured persons already received substantial health care despite lacking insurance. Obamacare coverage paid providers who would have otherwise provided care for free.
Second, increased coverage came largely through Medicaid, an insurance associated with below-market reimbursement rates, few providers willing to accept those rates, and poor access to care. Medicaid-expansion states saw greater delays in care because no appointments were available or wait times were too long.
Finally, the ACA mandated low-value care that raised costs. Preventive care and annual office visits, for example, were provided at no charge. Yet, screening is performed far more commonly in the U.S. than elsewhere, and is often overly intensive, of little value, and potentially harmful. Routine annual physicals do not lower mortality, and they waste resources and sometimes lead to harmful testing and unnecessary treatments.
Despite all the cost and controversy surrounding it, the ACA never covered more than 6 percent of Americans and suppressed the competition, choice, and innovation that would have more effectively expanded coverage, lowered costs, and improved outcomes. Barack Obama may want to celebrate his namesake program, but the rest of us have little reason to do so.
"USDA’s most recent Farm Sector Income Forecast, released Feb. 4, anticipates a slight decline in net farm income for 2022. U.S. net farm income, a broad measure of farm profitability, is currently forecasted at $113.7 billion, down 4.5%, or $5.4 billion, from 2021’s $119.1 billion. If realized, this would represent the first drop in net farm income after two consecutive years of gains. However, the expected net farm income for 2022 would be 82% higher than the decade low of $62 billion in 2016 and 15.2% above the 2001-2020 average of $98.7 billion when adjusted for inflation"
Trump Gives Non-Endorsement In Pennsylvania April 12, 2022 at 11:45 am EDT By Taegan Goddard 22 Comments
Donald Trump put out a statement:
“One person in Pennsylvania who I will not be endorsing is Bill McSwain for Governor. He was the U.S. Attorney who did absolutely nothing on the massive Election Fraud that took place in Philadelphia and throughout the commonwealth… Do not vote for Bill McSwain, a coward, who let our Country down. He knew what was happening and let it go. It was there for the taking and he failed so badly.”
THE WOULD-BE AMERICAN HITLER WANTS TO DICTATE EVERYTHING.
Republicans Double-Down on Anti-Immigrant Rhetoric April 12, 2022 at 11:30 am EDT By Taegan Goddard 40 Comments
“GOP candidates from Nevada to Ohio are stepping up attacks on undocumented Latino immigrants despite warnings the strategy may backfire in some general election contests,” Axios reports.
TRUMP'S HERO Putin Says Ukraine Talks ‘at Dead End’ April 12, 2022 at 11:15 am EDT By Taegan Goddard 65 Comments
President Vladimir Putin said peace talks with Ukraine are “at a dead end” and vowed to continue Russia’s invasion as Kyiv accused Moscow of sabotaging the negotiations, Bloomberg reports.
He also insisted that Russia’s almost seven-week offensive is going “according to plan.”
WONDER WHY HE'S HAVING TO ARREST SO MANY PEOPLE THEN?
REGARDING TRUMP'S IQ: Bonus Quote of the Day April 12, 2022 at 10:59 am EDT By Taegan Goddard 31 Comments
“He’s not smart enough to be an authoritarian.” — Former National Security Adviser John Bolton, when asked by the New York Times if Donald Trump was an authoritarian.
Greene Says Capitol Riot ‘Only Happened One Time’ April 12, 2022 at 10:02 am EDT By Taegan Goddard 152 Comments
Rep. Marjorie Taylor Greene (R-GA) criticized the media attention on the January 6 Capitol insurrection, arguing that it “only happened one time,” The Independent reports.
THE ATTEMPT TO OVERTHROW OUR GOVERNMENT ONLY HAPPENED ONE TIME?
NO, IT'S STILL GOING ON AS REPUBLICANS ESTABLISH STATE GOVERNMENT ELECTORAL LAWS THAT WILL MAKE IT POSSIBLE TO NEGATE THE ACTUAL VOTE OF THE PEOPLE.
Stock futures jump after CPI report on hope inflation is peaking
Stock Market is up less than 1% after crashing for several consecutive days. But nice to know that a headline like this can fool those who do not follow the markets.
Right From the Mouth of the sitting President: "“Our experts believe and our data shows that most of the price increases we've seen were expected and expected to be temporary,” --Biden _______
It sure did upset Ch that stock markets jumped even a small bit in the better direction (see his 11:17)
Illinois Dems pass bill threatening private businesses that refuse ‘to take part in free election year advertising for the Governor and his party’
Budget bills introduced by Illinois Democrats in the waning hours of session and that were passed early Saturday will require private-sector retailers to notify consumers of temporary “tax relief” measures included in them. Critics say the requirements are an unconstitutional violation of free speech rights and forced campaign propaganda during an election year.
State Rep. Mark Batinick, R-Plainfield, said the gas pump sticker isn’t just ethically questionable in an election year, it’s like a comedy sketch show that highlights how much more expensive Illinois’ gas tax is to neighboring states.
“So is the sticker going to say ‘hey, gas is 50 cents more a gallon over here across the border or across the river, it would have been 52.2 cents more, but here’s a sticker to say it’s only 50 cents more,’” Batinick said.
Gov. J.B. Pritzker and legislative Democrats doubled the state’s gas tax in 2019, increasing it from 19 cents a gallon to 38 cents, and added an annual increase tied to inflation. It’s that annual increase for this year that’s been suspended for six months, not the doubling of the state gas tax in 2019 or the inflationary increases that already have kicked in.
low-value care that raised costs. Preventive care and annual office visits, for example, were provided at no charge. Yet, screening is performed far more commonly in the U.S. than elsewhere, and is often overly intensive, of little value, and potentially harmful. Routine annual physicals do not lower mortality, and they waste resources and sometimes lead to harmful testing and unnecessary treatments
I believe that’s almost verbatim what I was saying many moons ago..
Blogger Honest, decent, truthful Rev. said... Europeans may not get so hungry if Ukraine's bread basket can be made to flow out to them through Poland, etc.
Other portions of the world may suffer more because of Russia's despicable Black Sea embargo.
Source: Myself.
This is why you can only copy paste. Who’s going to be in the Ukrainians fields to plant and harvest from the breadbasket, you stupid old man
To combat inflation, the Federal Reserve has begun raising interest rates and is expected to continue doing so through the remainder of the year and into 2023. The last time prices were this high, the Fed raised its benchmark rate to nearly 20%, pulling the economy into a recession that finally defeated inflation.
Economists generally don’t expect a recession this time around, though many on Wall Street are raising the probability of a downturn.
"Overall, this report is encouraging, at the margin, though it is far too soon to be sure that the next few core prints will be as low; much depends on the path of used vehicle prices, which is very hard to forecast with confidence,” wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics. “We’re sure they will fall, but the speed of the decline is what matters.”
Price increases came from many of the usual culprits.
Food rose 1% for the month and 8.8% over the year, as prices for goods such as rice, ground beef, citrus fruits and fresh vegetables all posted gains of more than 2% in March. Energy prices were up 11% and 32%, respectively, as gasoline prices popped 18.3% for the month, boosted by the war in Ukraine and the pressure it is exerting on supply. like I have said before
One sector that has been a major driver in the inflation burst subsided in March. Used car and truck prices declined 3.8% for the month, though they are still up 35.3% on the year. Also, commodity prices excluding food and energy fell by 0.4%.
Those declines, however, were offset by gains in clothing, services excluding energy and medical care, each of which increased 0.6% for the month. Transportation services also rose 2%, bringing its 12-month gain to 7.7%.
In a sign of economic recovery from a sector hard-hit during the Covid pandemic, airline fares jumped by 10.7% in the month and were up 23.6% from a year ago.
Europeans may not get so hungry if Ukraine's bread basket can be made to flow out to them through Poland, etc.
Other portions of the world may suffer more because of Russia's despicable Black Sea embargo.
Well Reverend...
at what point is anyone from your ilk willing to admit that what we are doing is not working to stop Putin and at what point do we decide to look at other options?
It sure did upset Ch that stock markets jumped even a small bit in the better direction
I am an investor Reverend. I watch the market most every day. I have made approximately 60 trades so far in 2022. 75% of my investments are long term growth investments and to the degree that I buy and sell short term, I am probably 4-1 calls to puts.
I am not "happy" when the market tanks.
Hard for you to believe, but most people are not willing to sacrifice personal well being for political causes.
But the President and the Democrats have a murky future.
Sen. Joe Manchin (D-W.Va.) blamed the Biden administration and the Federal Reserve for rising inflation on Tuesday after Labor Department data found that inflation had increased by 8.5 percent over the past 12 months.
“The Federal Reserve and the Administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country,” Manchin said in a statement.
“Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame. The American people deserve the truth about why record inflation is happening and what must be done to control it,” he added.
The Labor Department said on Tuesday that its consumer price index, which tracks inflation, increased by 1.2 percent in March and 8.5 percent over the past 12 months.
Manchin called the data a “chilling story about how these taxes on Americans are completely out of control,” and one that is eating away at incomes and savings.
RRB is right and I agree. "Every prediction you ((Cali)) made regarding 0linsky-care came true. Every single one. And you cleaned the alky's clock in the process.
at what point is anyone from your ilk willing to admit that what we are doing is not working to stop Putin and at what point do we decide to look at other options? CHT
Zero ability to debate, James will not give a direct answer.
Economists generally don’t expect a recession this time around, though many on Wall Street are raising the probability of a downturn.
Many people already believe we are in a recession and that won't get any better if we even see a single quarter of negative GDP growth.
From the economists I listen to I find the arguments that we "are" heading towards a recession much simpler and more natural than the more tortured and complicated arguments that we are not.
It appears to be the difference between people accepting the economic signs and those who are in denial about them.
But there are a few things that might be helpful for the Democratic
Why it matters: The relentless rise in prices is a challenge for investors, Federal Reserve policy makers and politicians, who are all trying to navigate an inflationary backdrop that hasn't been seen since the early 1980s.
Driving the news: The consumer price index rose 1.2% in March compared to February, above economists expectations for 1.1%.
Prices were up 8.5% over the last year, higher than the 8.4% rise that economists expected, according to consensus expectations reported by FactSet.That's the highest annual rate of inflation since December 1981.
Details: Food, fuel and shelter costs were the key drivers of the upward rise in the overall price rise.
Gasoline prices jumped 18.3% from February to March — as energy markets reeled from the war in Ukraine — accounting for over half the rise in monthly headline inflation.So-called core inflation — excluding volatile food and energy prices — rose 0.3%, less than the 0.5% analysts expected.Prices for used cars and trucks, which were an early driver of post-Covid price increases, fell 3.8% in March.
Our thought bubble: Both bond and stock markets rallied after the report. That suggests investors see the CPI report as a reason to think that battling inflation may require fewer interest rate hikes than they had thought just a few minutes earlier.
What other options do those from your ilk suggest, Ch?
How about stepping up and acting like the superpower that we claim to be? Putin and his army is struggling against an undermanned and under equipped group of Ukrainians.
So send Ukrainians the planes. Set up the no-fly Zone. Provide more than just defensive weapons.
Notice that 90% of what we are sending seems to be anti-tank or anti-aircraft or armor or armored vehicles and everything else designed to lessen the blows? They need something to do more than just keep the Russians at bay. They need offensive weapons and they need a little cover (which we could easily provide) to allow for more counter offensives.
At this point, we might already be too late in the Southeast. Russians seem to be more ingrained down there and even have a little civilian support. But you snooze and you lose when we are talking about things like war.
Sorry Reverend...
but your excessive complaining about Putin and Russia without providing any ideas as to how to stop it is maddening. I have no clue why you continue to bring this up as if there is some sort of political meaning behind it.
The politics of if is simple. Regardless of how your brain works, the vast majority of Americans are putting whatever American blame straight on the President. I am sure you somehow believe that Putin destroying Ukraine on Biden's watch should harm Republicans... but that concept has little or no logic behind it and almost nobody else sees it.
But if this continues the pressure on the U.S and our allies to make military aid
President Vladimir Putin says Russia will continue its offensive in Ukraine after holding talks in Russia’s far east with his Belarusian counterpart Alexander Lukashenko.The mayor of Bucha says authorities in the Ukrainian town have found 403 bodies of people they believe were killed by Russian forces.Ukraine says Russia is
About 21,000 civilians killed in Mariupol, mayor says
Mariupol’s mayor says the latest estimate of civilian casualties there stands at about 21,000 people.
In televised comments, Vadym Boichenko said it had been difficult to calculate the exact number due to fighting in the city.
Just now. This might force the world to take on Russia ����
KYIV, Ukraine (AP) — Vladimir Putin vowed Tuesday that Russia’s bloody offensive in Ukraine would continue until its goals are fulfilled and insisted the campaign was going as planned, despite a major withdrawal in the face of stiff Ukrainian opposition and significant losses.
Russian troops, thwarted in their push toward Ukraine’s capital, are now focusing on the eastern Donbas region, where Ukraine said Tuesday it was investigating a claim that a poisonous substance had been dropped on its troops. It was not clear what the substance might be, but Western officials warned that any use of chemical weapons by Russia would be a serious escalation of the already devastating war.
Russia invaded on Feb. 24, with the goal, according to Western officials, of taking Kyiv, toppling the government and installing a Moscow-friendly regime. In the six weeks since, Russia’s ground advance stalled, its forces lost potentially thousands of fighters and the military stands accused of killing civilians and other atrocities.
I still feel safer than ever before becoming he will figure out how to defeat Putin without a nuclear war ��
Former national security adviser John Bolton told The Washington Post Friday that he thinks former president Donald Trump would have pulled the United States out of the North Atlantic Treaty Organization had he been reelected in 2020.
Bolton, in an interview with Post opinions editor at large Michael Duffy, said the former president came close to pulling the United States out of NATO in 2018
Former national security adviser John Bolton told The Washington Post Friday that he thinks former president Donald Trump would have pulled the United States out of the North Atlantic Treaty Organization had he been reelected in 2020.
Oh look. Bolton has an opinion. And opinions are like assholes.
Scott you keep forgetting that Trump would have withdrawn from Europe in general and NATO.
Trump was President for four years and did not withdraw from NATO and it is unlikely that any President can withdraw from NATO without Congressional Action.
So go on with your labored fantasies about how things were not worse under Trump, none of these things happened under Trump, but somehow if they "had" happened under Trump (which they didn't) you believe he would have hypothetically handled it worse in your fantasy (even though he actually handled it better in reality when he was President).
The Taliban moved in Afghanistan and Putin moved on Ukraine AFTER Biden took office and neither did it when Trump was in office.
That is the reality... all the rest is just excuses for our loser of a President.
You forget that if Trump was still President that inflation would be 3% that the Markets would be up another 6000 points, the Taliban would be still sitting in their sections playing nice, and Putin would not have invaded Ukraine.
You forget that because "Rat" predicted it so it must be reality.
Honest, decent, truthful Rev. said... rrb says I called for Tucker Carlson's actual execution "several times," but hasn't produced even one single quote where I did.
"Nary a one," as the old folks say where I come from. :-)
I see the "pastor" has figured out how to use the delete function
83 comments:
And
"NFIB small-business index March 93.2. Down Sharply.
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers', who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.
-- John Maynard Keynes
The monthly Consumer Price Index report from the Bureau of Labor Statistics was released Tuesday morning, and while inflation continues to rise some economists appear pleased, with one stating the report is "slightly better than anticipated."
Overall, the annual rate of inflation is 8.5 percent, but removing food and energy, prices are up 6.5 percent annually.
Gas prices are a big part of the inflation rate. CNN's cable reporting calls the current report a "rearview mirror" look, given that gas prices are coming down. They add some economists are hoping the peak of the inflation has been reached. They also note that the U.S. does not rely much on oil from Russia, so in other countries, inflation is worse.
"Food prices are up 8.8% over the past year. Energy prices are up 32%, including 11% in March alone -- reflecting the spike in energy prices associated with Russia's invasion of Ukraine," The New York Times' Ben Casselman notes.
Casselman points to Putin's illegal war in Ukraine for food price increases:
And he sees some good news: "Headline inflation accelerated in March, but we all knew that would happen given gas prices. The bigger surprise is the slowdown in 'core' inflation."
There's still plenty to be concerned about. Casselman says this is "the fastest year-over-year inflation since 1981."
Meanwhile, oil companies – not the President – set the price of gas at the pump and other energy products, and are under no obligation to price gouge, which is illegal in most states during a declared state of emergency, such as war, natural disasters, or COVID-19.
University of Michigan economist and public policy professor Justin Wolfers:
And Wolfers throws a challenge to the mainstream media, which is generally focused on only bad news:
Casselman points to Putin's illegal war in Ukraine for food price increases:
Oh, so Casselmman is an idiot leftist hack.
Don't forget your PLAGIARIZED link, alky:
https://www.rawstory.com/slightly-better-than-anticipated-experts-respond-to-consumer-price-news-surprise-is-slowdown-in-core-inflation/
Stocks rebound on hope inflation is peaking, Nasdaq adds 1%
PUBLISHED MON, APR 11 20226:03 PM EDTUPDATED 6 MIN AGO
Sarah Min
@_SARAHMIN
thumbnail
Samantha Subin
@SAMANTHA_SUBIN
Stocks rose Tuesday, boosted by data showing that so-called core inflation rose slightly less than expected last month.
The Dow Jones Industrial Average gained 175 points, or 0.5%. S&P 500 jumped 0.7%. The Nasdaq Composite climbed close to 1%, after falling more than 2% in the prior session as tech stocks that have been hit hard this year on higher rate fears rebounded.
Consumer prices for March increased 1.2% month-to-month and 8.5% annually, the Labor Department said on Tuesday. But traders were focusing on the core reading, which excludes food and energy prices. Core CPI in March increased 0.3%, below the consensus economist estimate from Dow Jones of 0.5%. Core prices on an annual basis were up 6.5%.
“It’s a red hot number but the market’s reaction for now suggests its priced in, especially with the month over month core read coming in below expectations,” wrote Mike Loewengart, managing director of investment strategy at E-Trade from Morgan Stanley. “The big debate is whether elevated reads like these are the new normal, or if we’re beginning to see a light at the end of the inflationary tunnel.”
The 10-year Treasury yield retreated from a three-year high following the report as traders were betting the core reading could mean inflation is showing signs of peaking.
That helped tech stocks recover some of their losses this month. The tech-heavy Nasdaq is down more than 5% this month, as investors sell growth names amid rising rates.
_____
If the economy continues to grow rapidly and if inflation rates will decrease you will refuse to post good news ��
California parents are wising up:
California public school enrollment spirals, dropping by 110,000 students this year
https://www.latimes.com/california/story/2022-04-11/california-school-enrollment-drops-by-more-110-000-students
Fuck YOU Groomers.
Yes as the GOP cheers another victory for the party and winning in November.....Fuck the country as long as us old white men remain in power and say NO!!!!!!!
Scott.
Scott!
SCOTT!!!
POST THE GOOD INFLATION NEWS SCOTT!!!
SCOTT!!!
I'M HERE TO HELP YOU SCOTT!
YOU'RE A SICK MAN SCOTT!
SCOTT!!!
LISTEN TO ME SCOTT!!!
Sadly the Biden team is attacking the environment.
"President Joe Biden is visiting corn-rich Iowa on Tuesday to announce he'll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as his administration tries to tamp down prices"
A crooked Democrat has been charged by his own party enforcement services
New York’s Lieutenant Governor Has Been Indicted for Campaign Finance Scheme
ADAM KLASFELDApr 12th, 2022, 10:37 am
2
State Senator Brian Benjamin pumps his fist as he celebrates during a press conference announcing him as Lt. Governor on Aug. 26, 2021 in New York City.
New York’s Lt. Gov. Brian Benjamin (D), the second-in-command to Gov. Kathy Hochul (D), surrendered to federal authorities on Tuesday on a bribery conspiracy indictment accusing him of scheming to funnel money to a prior campaign.
The five-count indictment dates back to before Benjamin’s tenure as a New York state senator from 2019 until early 2021, before he became Hochul’s top lieutenant. Prosecutors say that he participated in a scheme to obtain campaign contributions from a real estate developer in return for using his senatorial position to help obtain a $50,000 for a non-profit organization controlled by that developer.
The allegedly illegal contributions were intended to benefit Benjamin’s failed campaign for comptroller in 2021, prosecutors say.
Please turned up the wind power and the Solar panel power, right now, no more delays.
Food up 8.8%.
This is not even the beginning of that rise.
The spike in fertilizer price, Water and diesel fuel prices have not been factored in yet.
Blogger KansasDemocrat said...
Food up 8.8%.
This is not even the beginning of that rise.
The spike in fertilizer price, Water and diesel fuel prices have not been factored in yet.
Factor in diesel and fertilizer prices and food inflation hit's 10% easy.
I wonder if Brandon will be bragging about saving America 16 cents on July 4th fixings this year.
LOL.
If there is one economist that this White House can’t stand sometimes, a dismal scientist with an uncanny knack for offering the gloomiest but most accurate analysis at the worst moments politically, that very well might be Larry Summers.
It was Summers, a former Treasury secretary under President Clinton and later a senior economic adviser to President Obama, who warned the White House for months last year that, no, inflation would not be temporary or transitory as they had hoped.
And he was right: the Consumer Price Index rose by 7.9% through February, the fastest annual increase in four decades. Eventually President Biden came around, announcing last month that addressing inflation would be his “top priority.” Now, ahead of new data to be released by the Labor Department Tuesday, the White House warns that inflation numbers will be “extraordinarily elevated.”
Given that Summers was right about inflation, does Biden believe the economist will be right about a recession? “That is not a projection we have made from here,” Jen Psaki told reporters in the briefing room Monday. “We believe,” added the White House press secretary, “that the economy is strong.”
Psaki was responding to a Washington Post op-ed written by Summers last week that has subsequently been ricocheting through the West Wing. It was the latest in what some in the press call an “I-told-you-so tour” of late, and while the Harvard professor believes the inflation that he spent so many months warning about could come down, he now predicts more bad news.
“Over the past 75 years, every time inflation has exceeded 4 percent and unemployment has been below 5 percent, the U.S. economy has gone into recession within two years. Today, inflation is north of 6 percent and unemployment is south of 4 percent,” he warned.
That last number has been a particular area of pride for the president. During his first State of the Union address, Biden trumpeted the fact that 6.5 million jobs were added during his tenure, and Psaki repeated that data as if by rote from the White House podium, saying, “We have created more jobs last year than any year in American history. We saw the unemployment rate at 3.6% last month.”
Some economists worry that an economy, awash in government stimulus, may be rebounding from the pandemic and expanding too quickly. The fear is an overheating economy driven by unsustainable growth. That’s what Summers says he saw last year when so many others refused to look.
“We had a tidal wave of demand between zero interest rates from the Fed, a huge outpouring of saving that people had pent up from the COVID period, and massive fiscal policy from the December bill and then the stimulus bill that was passed,” he told Chuck Todd last Sunday on NBC’s “Meet the Press.”
There was too much demand between all those factors, and labor shortages would be the natural result even as Americans returned to the workforce. “The bathtub was going to overflow, so to speak,” Summers said, “and the inflation rate was going to pick up.” A land war in Europe and the subsequent spike in oil prices that followed U.S. sanctions of Russia have only made things worse. But the White House remains bullish.
They’ve taken precautions throughout the recovery.
“The core question is whether the strength of the U.S. economy is now an asset or a liability,” he said. “What we have done over the course of the last 15 months is driven a uniquely strong economic recovery in the United States, which positions us uniquely well to deal with the challenges ahead.”
“The core question is whether the strength of the U.S. economy is now an asset or a liability,” he said. “What we have done over the course of the last 15 months is driven a uniquely strong economic recovery in the United States, which positions us uniquely well to deal with the challenges ahead.”
A recession is not, however, inevitable. At least, so says Summers, even after noting again that the historical trends may be heading in the wrong direction. There were options he recommended such as continuing to tap the strategic petroleum reserve to lower oil prices, reduce tariffs, and direct the government to purchase goods at cheaper prices.
“Perhaps we will be fortunate and there will be sufficiently rapid adjustments in commodity prices and other bottlenecks that will make that not happen. Perhaps the Fed will be extraordinarily skillful,” Summers said before outlining those options.
“But it's not going to be easy,” he concluded, “starting from where we are.”
Recommended Newsletters
Carl M. Cannon's Morning Note
headlines against the historic events
RCP Today
Top stories on RealClearPolitics
Related Topics: Inflation, Recession, Economy, BidenPolitics,
Comment
Show comments 84
You must be logged in to comment.
RCP Account:
LoginRegister
ADVERTISEMENT
©2022 RealClearPolitics | Go to full site
Thanks Sloppy Joe!
https://twitter.com/i/status/1512430182400933893
https://www.realclearpolitics.com/articles/2022/04/12/white_house_expects_more_inflation_not_recession_147457.html
All of US Economist warned everyone of the Coming Bidenomics meltdown.
On January, 19th , 2021 I began warning this blog.
It is easy to lower inflation.
But , Biden's team is too slow witted to do what is required.
Bottom line is that we don't yet know how much impact it will happen in November but the President still has low approval despite the economic recovery has been historically high.
Nope
It has not been a "historic" economy
Roger, stop, you don't know anything about economics.
Look at your own .
LOL.
"economic recovery."
Proving once again that the only narratives promoted by leftists are FALSE narratives.
The US economy hasn't created a new job since 2019.
https://youtu.be/W6GmPz7ThVA
Factor in diesel and fertilizer prices and food inflation hit's 10% easy.
I wonder if Brandon will be bragging about saving America 16 cents on July 4th fixings this year.
Wait until Europe gets hungry, because their bread basket isn’t online
Wait until Europe gets hungry, because their bread basket isn’t online
The good news is that with the advent of spring, freezing to death is less of a problem.
Starving to death on the other hand -
Italian dairy farmers are the latest in the European agri-sector to report an impending crisis as the costs of energy, animal feed and other necessities are slashing margins and profits, and may force some farmers out of business entirely.
...
Other EU countries have also expressed concern regarding food production, including farmers in Sweden, who say under certain circumstances they may have to cut their harvest in half due to shortages and rising costs of fertilizers and manures over the war in Ukraine.
Giansanti is not the only one sounding the alarm over food security. Last month, Svein Tore Holsether, head of the agri company Yara International, also warned that the world could be heading for a global food crisis.
“For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be,” he said.
https://www.breitbart.com/europe/2022/04/12/italian-farmers-face-crisis-as-ukraine-war-sees-animal-feed-fuel-fertiliser-prices-surge/
Biden has managed to fuck the entire fucking planet. Not just the US.
yay.
Obamacare’s Hollow Celebration
Twelve years after its passage, the landmark law has expanded health coverage only modestly—while raising costs, reducing choice, and doing little to improve outcomes.
Three reasons explain why the ACA had a smaller effect on health than its advocates anticipated. First, many uninsured persons already received substantial health care despite lacking insurance. Obamacare coverage paid providers who would have otherwise provided care for free.
Second, increased coverage came largely through Medicaid, an insurance associated with below-market reimbursement rates, few providers willing to accept those rates, and poor access to care. Medicaid-expansion states saw greater delays in care because no appointments were available or wait times were too long.
Finally, the ACA mandated low-value care that raised costs. Preventive care and annual office visits, for example, were provided at no charge. Yet, screening is performed far more commonly in the U.S. than elsewhere, and is often overly intensive, of little value, and potentially harmful. Routine annual physicals do not lower mortality, and they waste resources and sometimes lead to harmful testing and unnecessary treatments.
Despite all the cost and controversy surrounding it, the ACA never covered more than 6 percent of Americans and suppressed the competition, choice, and innovation that would have more effectively expanded coverage, lowered costs, and improved outcomes. Barack Obama may want to celebrate his namesake program, but the rest of us have little reason to do so.
https://www.city-journal.org/obamacares-hollow-celebration
February 2022
"USDA’s most recent Farm Sector Income Forecast, released Feb. 4, anticipates a slight decline in net farm income for 2022. U.S. net farm income, a broad measure of farm profitability, is currently forecasted at $113.7 billion, down 4.5%, or $5.4 billion, from 2021’s $119.1 billion. If realized, this would represent the first drop in net farm income after two consecutive years of gains. However, the expected net farm income for 2022 would be 82% higher than the decade low of $62 billion in 2016 and 15.2% above the 2001-2020 average of $98.7 billion when adjusted for inflation"
Dear James, Dennis and Roger.
Since you voted for Biden.
What is his plan going forward to lower inflation ?
Heh:
Inflation is hammering the voters who will soon decide some key midterm races
https://www.cnbc.com/2022/04/11/us-inflation-could-affect-2022-senate-midterms-in-georgia-arizona.html
It's tough to discern which is rising faster in NYC -
Inflation or violent crime.
Trump Gives Non-Endorsement In Pennsylvania
April 12, 2022 at 11:45 am EDT By Taegan Goddard 22 Comments
Donald Trump put out a statement:
“One person in Pennsylvania who I will not be endorsing is Bill McSwain for Governor. He was the U.S. Attorney who did absolutely nothing on the massive Election Fraud that took place in Philadelphia and throughout the commonwealth… Do not vote for Bill McSwain, a coward, who let our Country down. He knew what was happening and let it go. It was there for the taking and he failed so badly.”
THE WOULD-BE AMERICAN HITLER WANTS TO DICTATE EVERYTHING.
Republicans Double-Down on Anti-Immigrant Rhetoric
April 12, 2022 at 11:30 am EDT By Taegan Goddard 40 Comments
“GOP candidates from Nevada to Ohio are stepping up attacks on undocumented Latino immigrants despite warnings the strategy may backfire in some general election contests,”
Axios reports.
TRUMP'S HERO
Putin Says Ukraine Talks ‘at Dead End’
April 12, 2022 at 11:15 am EDT By Taegan Goddard 65 Comments
President Vladimir Putin said peace talks with Ukraine are “at a dead end” and vowed to continue Russia’s invasion as Kyiv accused Moscow of sabotaging the negotiations,
Bloomberg reports.
He also insisted that Russia’s almost seven-week offensive is going “according to plan.”
WONDER WHY HE'S HAVING TO ARREST SO MANY PEOPLE THEN?
REGARDING TRUMP'S IQ:
Bonus Quote of the Day
April 12, 2022 at 10:59 am EDT By Taegan Goddard 31 Comments
“He’s not smart enough to be an authoritarian.”
— Former National Security Adviser John Bolton, when asked by the New York Times if Donald Trump was an authoritarian.
Greene Says Capitol Riot ‘Only Happened One Time’
April 12, 2022 at 10:02 am EDT By Taegan Goddard 152 Comments
Rep. Marjorie Taylor Greene (R-GA) criticized the media attention on the January 6 Capitol insurrection, arguing that it “only happened one time,” The Independent reports.
THE ATTEMPT TO OVERTHROW OUR GOVERNMENT ONLY HAPPENED ONE TIME?
NO, IT'S STILL GOING ON
AS REPUBLICANS ESTABLISH STATE GOVERNMENT ELECTORAL LAWS THAT WILL MAKE IT POSSIBLE TO NEGATE THE ACTUAL VOTE OF THE PEOPLE.
BIDENOMICS
Federal Reserve rates are sure to go up 50 basis points in their next meeting .
36% approval rate for Joe's handling of the Economy.
James, you are posting on the wrong thread.
This is the thread discussing Historic Inflation.
Average Electricity costs nationally up.11%.
Let's go Brandon.
Stock futures jump after CPI report on hope inflation is peaking
Stock Market is up less than 1% after crashing for several consecutive days. But nice to know that a headline like this can fool those who do not follow the markets.
Europeans may not get so hungry if Ukraine's bread basket can be made to flow out to them through Poland, etc.
Other portions of the world may suffer more because of Russia's despicable Black Sea embargo.
Source: Myself.
Right From the Mouth of the sitting President.
"“Our experts believe and our data shows that most of the price increases we've seen were expected and expected to be temporary,” Biden
James, you are posting on the wrong thread.
This is the thread discussing Historic Inflation.
_______
LOL Dictators want to determine what we can discuss and where.
~~~You are in the right party.
Biden Economy.
"34,499.77 -2,085.29 (-5.70%)year to date
LOL Dictators want to determine what we can discuss and where.
~~~You are in the right party.
Oh, you mean dictators like fake pastors who wish to execute TV personalities like Tucker Carlson for treason? Those kind of dictators, pederast?
Right From the Mouth of the sitting President:
"“Our experts believe and our data shows that most of the price increases we've seen were expected and expected to be temporary,”
--Biden
_______
It sure did upset Ch that stock markets jumped even a small bit in the better direction (see his 11:17)
CNN
Inflation is crushing Joe Biden and Democrats
Analysis by Chris Cillizza, CNN"
Where is the inflation reduction plan from Biden.
LOL I don't remember ever calling for Tucker Carlson's actual "execution" for treason?
Please show us you are not lying by providing the exact quote where I said that.
Dictators pull shit like this:
Illinois Dems pass bill threatening private businesses that refuse ‘to take part in free election year advertising for the Governor and his party’
Budget bills introduced by Illinois Democrats in the waning hours of session and that were passed early Saturday will require private-sector retailers to notify consumers of temporary “tax relief” measures included in them. Critics say the requirements are an unconstitutional violation of free speech rights and forced campaign propaganda during an election year.
State Rep. Mark Batinick, R-Plainfield, said the gas pump sticker isn’t just ethically questionable in an election year, it’s like a comedy sketch show that highlights how much more expensive Illinois’ gas tax is to neighboring states.
“So is the sticker going to say ‘hey, gas is 50 cents more a gallon over here across the border or across the river, it would have been 52.2 cents more, but here’s a sticker to say it’s only 50 cents more,’” Batinick said.
Gov. J.B. Pritzker and legislative Democrats doubled the state’s gas tax in 2019, increasing it from 19 cents a gallon to 38 cents, and added an annual increase tied to inflation. It’s that annual increase for this year that’s been suspended for six months, not the doubling of the state gas tax in 2019 or the inflationary increases that already have kicked in.
https://twitchy.com/sarahd-313035/2022/04/12/illinois-dems-pass-bill-threatening-private-businesses-that-refuse-to-take-part-in-free-election-year-advertising-for-the-governor-and-his-party/
low-value care that raised costs. Preventive care and annual office visits, for example, were provided at no charge. Yet, screening is performed far more commonly in the U.S. than elsewhere, and is often overly intensive, of little value, and potentially harmful. Routine annual physicals do not lower mortality, and they waste resources and sometimes lead to harmful testing and unnecessary treatments
I believe that’s almost verbatim what I was saying many moons ago..
Blogger Honest, decent, truthful Rev. said...
LOL I don't remember ever calling for Tucker Carlson's actual "execution" for treason?
Please show us you are not lying by providing the exact quote where I said that.
Fuck you liar. You called for it several times.
Stocks jumping up, so said Roger and James.
I'm looking at a Dow down 5.7 % so far this year.
I believe that’s almost verbatim what I was saying many moons ago..
Every prediction you made regarding 0linsky-care came true. Every single one. And you cleaned the alky's clock in the process.
Blogger Honest, decent, truthful Rev. said...
Europeans may not get so hungry if Ukraine's bread basket can be made to flow out to them through Poland, etc.
Other portions of the world may suffer more because of Russia's despicable Black Sea embargo.
Source: Myself.
This is why you can only copy paste. Who’s going to be in the Ukrainians fields to plant and harvest from the breadbasket, you stupid old man
CNBC is not bad news long term.
To combat inflation, the Federal Reserve has begun raising interest rates and is expected to continue doing so through the remainder of the year and into 2023. The last time prices were this high, the Fed raised its benchmark rate to nearly 20%, pulling the economy into a recession that finally defeated inflation.
Economists generally don’t expect a recession this time around, though many on Wall Street are raising the probability of a downturn.
"Overall, this report is encouraging, at the margin, though it is far too soon to be sure that the next few core prints will be as low; much depends on the path of used vehicle prices, which is very hard to forecast with confidence,” wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics. “We’re sure they will fall, but the speed of the decline is what matters.”
Price increases came from many of the usual culprits.
Food rose 1% for the month and 8.8% over the year, as prices for goods such as rice, ground beef, citrus fruits and fresh vegetables all posted gains of more than 2% in March. Energy prices were up 11% and 32%, respectively, as gasoline prices popped 18.3% for the month, boosted by the war in Ukraine and the pressure it is exerting on supply. like I have said before
One sector that has been a major driver in the inflation burst subsided in March. Used car and truck prices declined 3.8% for the month, though they are still up 35.3% on the year. Also, commodity prices excluding food and energy fell by 0.4%.
Those declines, however, were offset by gains in clothing, services excluding energy and medical care, each of which increased 0.6% for the month. Transportation services also rose 2%, bringing its 12-month gain to 7.7%.
In a sign of economic recovery from a sector hard-hit during the Covid pandemic, airline fares jumped by 10.7% in the month and were up 23.6% from a year ago.
Scott it's not teetrible news ��
accidently posted on previous thread, it obviously belongs here:
Update ...
Dow 30 34,406.72 +98.64(+0.29%)
Crude Oil 100.56 +6.27(+6.65%)
ouch
Guess Putin is very happy today
and the libs were cheering with him
Europeans may not get so hungry if Ukraine's bread basket can be made to flow out to them through Poland, etc.
Other portions of the world may suffer more because of Russia's despicable Black Sea embargo.
Well Reverend...
at what point is anyone from your ilk willing to admit that what we are doing is not working to stop Putin and at what point do we decide to look at other options?
What other options do those from your ilk suggest, Ch?
Would you be so nice as to list them?
It sure did upset Ch that stock markets jumped even a small bit in the better direction
I am an investor Reverend. I watch the market most every day. I have made approximately 60 trades so far in 2022. 75% of my investments are long term growth investments and to the degree that I buy and sell short term, I am probably 4-1 calls to puts.
I am not "happy" when the market tanks.
Hard for you to believe, but most people are not willing to sacrifice personal well being for political causes.
Who’s going to be in the Ukrainians fields to plant and harvest from the breadbasket, you stupid old man
Ukraine's farmers are going to be dodging bullets and bombs to plant the crops to fill the breadbasket through Poland.
Or something like that.
LOL.
But the President and the Democrats have a murky future.
Sen. Joe Manchin (D-W.Va.) blamed the Biden administration and the Federal Reserve for rising inflation on Tuesday after Labor Department data found that inflation had increased by 8.5 percent over the past 12 months.
“The Federal Reserve and the Administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country,” Manchin said in a statement.
“Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame. The American people deserve the truth about why record inflation is happening and what must be done to control it,” he added.
The Labor Department said on Tuesday that its consumer price index, which tracks inflation, increased by 1.2 percent in March and 8.5 percent over the past 12 months.
Manchin called the data a “chilling story about how these taxes on Americans are completely out of control,” and one that is eating away at incomes and savings.
RRB is right and I agree.
"Every prediction you ((Cali)) made regarding 0linsky-care came true. Every single one. And you cleaned the alky's clock in the process.
Inflation hits 40-year high of 8.5 percent due to war in Ukraine, rent hikes
Gas prices jumped 48 percent year-over-year, the BLS said.
NBC News
rrb says I called for Tucker Carlson's actual execution "several times," but hasn't produced even one single quote where I did.
"Nary a one," as the old folks say where I come from. :-)
We need to supply Ukraine with anti ship missiles to get the Russian navy from booking the Black Sea
The Affordable Care Act ("OBAMAcare") is popular and is here to stay and be improved.
That's the one most important prediction it has fulfilled.
Well Reverend...
at what point is anyone from your ilk willing to admit that what we are doing is not working to stop Putin and at what point do we decide to look at other options? CHT
Zero ability to debate, James will not give a direct answer.
rrb is a traitor who wants to kill people he doesn't like.
Economists generally don’t expect a recession this time around, though many on Wall Street are raising the probability of a downturn.
Many people already believe we are in a recession and that won't get any better if we even see a single quarter of negative GDP growth.
From the economists I listen to I find the arguments that we "are" heading towards a recession much simpler and more natural than the more tortured and complicated arguments that we are not.
It appears to be the difference between people accepting the economic signs and those who are in denial about them.
"Inflation hits 40-year high of 8.5 percent"
Roger
Yep.
Now lay out the Biden plan for reducing it.
MIA , "Transitory Inflation "
Now , as I predicted "Systemic inflation ".
Blogger The Real Halfbaked Soars Pundit said...
rrb is a traitor who wants to kill people he doesn't like.
I don't want to kill you alky.
I want to see you languish in your nursing home with your rotting teeth and the 5th Beatle for a very long time.
LOL.
This is a fucking lie because the author is a fucktard.
"Economists generally don’t expect a recession this time around".
Nope, most do and are stating so more and more everyday.
But there are a few things that might be helpful for the Democratic
Why it matters: The relentless rise in prices is a challenge for investors, Federal Reserve policy makers and politicians, who are all trying to navigate an inflationary backdrop that hasn't been seen since the early 1980s.
Driving the news: The consumer price index rose 1.2% in March compared to February, above economists expectations for 1.1%.
Prices were up 8.5% over the last year, higher than the 8.4% rise that economists expected, according to consensus expectations reported by FactSet.That's the highest annual rate of inflation since December 1981.
Details: Food, fuel and shelter costs were the key drivers of the upward rise in the overall price rise.
Gasoline prices jumped 18.3% from February to March — as energy markets reeled from the war in Ukraine — accounting for over half the rise in monthly headline inflation.So-called core inflation — excluding volatile food and energy prices — rose 0.3%, less than the 0.5% analysts expected.Prices for used cars and trucks, which were an early driver of post-Covid price increases, fell 3.8% in March.
Our thought bubble: Both bond and stock markets rallied after the report. That suggests investors see the CPI report as a reason to think that battling inflation may require fewer interest rate hikes than they had thought just a few minutes earlier.
aka Transitory Inflation
Ukraine's farmers are going to be dodging bullets and bombs to plant the crops to fill the breadbasket through Poland.
Or something like that.
LOL.
Saddest part is pedo was proud he came up with shipping crops that aren’t being harvested and a new crops that won’t be replanted through Poland
Damn he’s dense
14 month of Biden 8.5% inflation
4 years of Trump 7.7% inflation
Roger and James.
I educated you on FIFO .
I TOLD you using that method , inflation was going to go up.
What other options do those from your ilk suggest, Ch?
How about stepping up and acting like the superpower that we claim to be? Putin and his army is struggling against an undermanned and under equipped group of Ukrainians.
So send Ukrainians the planes.
Set up the no-fly Zone.
Provide more than just defensive weapons.
Notice that 90% of what we are sending seems to be anti-tank or anti-aircraft or armor or armored vehicles and everything else designed to lessen the blows? They need something to do more than just keep the Russians at bay. They need offensive weapons and they need a little cover (which we could easily provide) to allow for more counter offensives.
At this point, we might already be too late in the Southeast. Russians seem to be more ingrained down there and even have a little civilian support. But you snooze and you lose when we are talking about things like war.
Sorry Reverend...
but your excessive complaining about Putin and Russia without providing any ideas as to how to stop it is maddening. I have no clue why you continue to bring this up as if there is some sort of political meaning behind it.
The politics of if is simple. Regardless of how your brain works, the vast majority of Americans are putting whatever American blame straight on the President. I am sure you somehow believe that Putin destroying Ukraine on Biden's watch should harm Republicans... but that concept has little or no logic behind it and almost nobody else sees it.
But if this continues the pressure on the U.S and our allies to make military aid
President Vladimir Putin says Russia will continue its offensive in Ukraine after holding talks in Russia’s far east with his Belarusian counterpart Alexander Lukashenko.The mayor of Bucha says authorities in the Ukrainian town have found 403 bodies of people they believe were killed by Russian forces.Ukraine says Russia is
About 21,000 civilians killed in Mariupol, mayor says
Mariupol’s mayor says the latest estimate of civilian casualties there stands at about 21,000 people.
In televised comments, Vadym Boichenko said it had been difficult to calculate the exact number due to fighting in the city.
Nope, But, Roger knows nothing about economics.
"aka Transitory Inflation"
Their is not such a thing in Economics, it is a thing in political science .
Scott you keep forgetting that Trump would have withdrawn from Europe in general and NATO.
Putin would have taken back the Russian empire by now
Alky,
With all your inflation plagiarism it looks like you're trying to pick up a turd from the clean end.
Can't forget , what never happened.
"Trump would have withdrawn from Europe in general and NATO." Roger
Just now. This might force the world to take on Russia ����
KYIV, Ukraine (AP) — Vladimir Putin vowed Tuesday that Russia’s bloody offensive in Ukraine would continue until its goals are fulfilled and insisted the campaign was going as planned, despite a major withdrawal in the face of stiff Ukrainian opposition and significant losses.
Russian troops, thwarted in their push toward Ukraine’s capital, are now focusing on the eastern Donbas region, where Ukraine said Tuesday it was investigating a claim that a poisonous substance had been dropped on its troops. It was not clear what the substance might be, but Western officials warned that any use of chemical weapons by Russia would be a serious escalation of the already devastating war.
Russia invaded on Feb. 24, with the goal, according to Western officials, of taking Kyiv, toppling the government and installing a Moscow-friendly regime. In the six weeks since, Russia’s ground advance stalled, its forces lost potentially thousands of fighters and the military stands accused of killing civilians and other atrocities.
I still feel safer than ever before becoming he will figure out how to defeat Putin without a nuclear war ��
Blogger The Real Halfbaked Soars Pundit said...
Scott you keep forgetting that Trump would have withdrawn from Europe in general and NATO.
A demonstrable LIE.
Former national security adviser John Bolton told The Washington Post Friday that he thinks former president Donald Trump would have pulled the United States out of the North Atlantic Treaty Organization had he been reelected in 2020.
Bolton, in an interview with Post opinions editor at large Michael Duffy, said the former president came close to pulling the United States out of NATO in 2018
Blogger The Real Halfbaked Soars Pundit said...
Former national security adviser John Bolton told The Washington Post Friday that he thinks former president Donald Trump would have pulled the United States out of the North Atlantic Treaty Organization had he been reelected in 2020.
Oh look. Bolton has an opinion. And opinions are like assholes.
You continue to hang your hat on this bullshit.
Scott you keep forgetting that Trump would have withdrawn from Europe in general and NATO.
Trump was President for four years and did not withdraw from NATO and it is unlikely that any President can withdraw from NATO without Congressional Action.
So go on with your labored fantasies about how things were not worse under Trump, none of these things happened under Trump, but somehow if they "had" happened under Trump (which they didn't) you believe he would have hypothetically handled it worse in your fantasy (even though he actually handled it better in reality when he was President).
The Taliban moved in Afghanistan and Putin moved on Ukraine AFTER Biden took office and neither did it when Trump was in office.
That is the reality... all the rest is just excuses for our loser of a President.
Btw... Roger.
You forget that if Trump was still President that inflation would be 3% that the Markets would be up another 6000 points, the Taliban would be still sitting in their sections playing nice, and Putin would not have invaded Ukraine.
You forget that because "Rat" predicted it so it must be reality.
Honest, decent, truthful Rev. said...
rrb says I called for Tucker Carlson's actual execution "several times," but hasn't produced even one single quote where I did.
"Nary a one," as the old folks say where I come from. :-)
I see the "pastor" has figured out how to use the delete function
Many saw and remembered it, including me.
Speaks to your "character"
Post a Comment