Why inflation may be worse than you think it is

[jusplay4fun]

As usual, poor PATHETIC p-rat cannot comprehend the argument. He is SO UPSET that I attacked his "golden state of utopia" otherwise known as CA. You LOST again, MAGA hater p-rat. You cannot see past your hatred of Trump that you fail again to understand my point. What another weak, pathetic, and feeble attempt at refutation, p-rat.

Go back to school to learn something, ANYTHING, PUH-LEEEEESE, p-rat.

btw: Did you understand my point about parallel form? Do you know a noun vs. adjective? Or was that merely more dribble?

[Pack Rat]

As usual, poor PATHETIC p-rat cannot comprehend the argument. He is SO UPSET that I attacked his "golden state of utopia" otherwise known as CA. You LOST again, MAGA hater p-rat. You cannot see past your hatred of Trump that you fail again to understand my point. What another weak, pathetic, and feeble attempt at refutation, p-rat.

Go back to school to learn something, ANYTHING, PUH-LEEEEESE, p-rat.

btw: Did you understand my point about parallel form? Do you know a noun vs. adjective? Or was that merely more dribble?

I rest my case, thanks for confirming your MAGA credentials. Pure idiocracy.

[jusplay4fun]

As usual, poor PATHETIC p-rat cannot comprehend the argument. He is SO UPSET that I attacked his "golden state of utopia" otherwise known as CA. You LOST again, MAGA hater p-rat. You cannot see past your hatred of Trump that you fail again to understand my point. What another weak, pathetic, and feeble attempt at refutation, p-rat.

Go back to school to learn something, ANYTHING, PUH-LEEEEESE, p-rat.

btw: Did you understand my point about parallel form? Do you know a noun vs. adjective? Or was that merely more dribble?

I rest my case, thanks for confirming your MAGAcredentials. Pure idiocracy.

And I already proved THAT LIE, along with others, by p-rat. He simply does not get it and/or lacks comprehension. Go back to school.

[Pack Rat]

Your schoolyard taunts are hilarious!

Spoiler

[b][size=200][color=#FF80BF] How old are you?[/color][/size][/b]

[jusplay4fun]

Your schoolyard taunts are hilarious!

How old are you?

taunts? NO, merely the TRUTH. You post drivel that nearly everyone ignores. I called you on TWO of your BIG LIES.

Below is PROOF, that petty rat ignores since he CANNOT REFUTE. He offers instead red herrings and tries to insult me. PATHETIC, feeble responses from Mr. Feeble and Petty rat.

False allegations: I am not MAGA, have said so, do not follow Russian Propaganda, and I see the bad in Trump.

Here are a few of my posts in THIS very thread ONLY. I can find more where I criticize Trump and realize his limitations and his negative points. Wake up p-rat; your ignorance is showing AGAIN.

For example:
btw: I am disappointed that these two are the ONLY real candidates available for us to choose. SAD. A choice between BAD and even worse.

https://www.conquerclub.com/forum/viewt ... &start=700

Re: The 2024 Elections in the US, mostly for the POTUS
Postby jusplay4fun on Sat Mar 02, 2024 6:15 pm

Even though I voted early for a candidate NOT named Biden nor Trump, I do not see other likely candidates for the two major political parties.

https://www.conquerclub.com/forum/viewt ... &start=625

Re: The 2024 Elections in the US, mostly for the POTUS
Postby jusplay4fun on Wed Feb 14, 2024 3:54 am

One of my many concerns about the Election 2024 is that many likely Trump voters believe that he is the "Savior" and will FIX everything. He is NOT and will NOT.

https://www.conquerclub.com/forum/viewt ... &start=550

Below is more criticism of Trump by me Jan. 31, 2024; I added larger font for more emphasis in the quote below:

Re: The 2024 Elections in the US, mostly for the POTUS
Postby jusplay4fun on Wed Jan 31, 2024 12:46 pm

Dukasaur wrote:

jusplay4fun wrote:

If you read various threads here, you will clearly see that I do not like Trump, have criticized him, and have said that I do NOT think that he deserves to be President. Trump is bombastic, thinks at a cursory level, has biases, is abrasive, and surely a sore loser. He does love this country, but his view of this country is limited.

Biden is an incompetent President. And let me repeat this: Biden is a doddering old fool.

Trump has a solid block of voters who
A) LOVE him, no matter what, and
B) a block of voters who detest him and will NEVER vote for him.
WHICH is BIGGER?

I do not want either Biden or Trump to be President for a second term.

The Economy, despite the claims of the Democrats, is not a winning issue for Biden.

I do agree with GaryD that this election is likely to be VERY CLOSE. It may come down to '
1) those 6 states in the Electoral College, and
2) the abortion issue.

Good summation.

https://www.conquerclub.com/forum/viewt ... &start=500

[Pack Rat]

...but you are a MAGA...

You offer no evidence, you offer only propaganda and conspiracies.

[pmac666]

Can it be that Justplayformaga became bit more unhinged lately?
He must know his Trumpy is losing bigly.

[jusplay4fun]

This is in a slideshow format, but summarizes many of the arguments that I have been making on the topic of the CA raise in the minimum wage in the fast food industry:

https://www.msn.com/en-us/money/markets ... 9#image=15

quotes from that source:

The hesitance to acknowledge this reality, even from prominent figures like the CEO of Raising Cane's, sheds light on California's economic predicament. It appears that many individuals in the state either lack a grasp of fundamental economic principles or are reluctant to address them openly.

The impact of the legislation is particularly evident in the increasing number of workers who have been laid off as a result, with more expected to face the same fate soon.

Price adjustments
© Source: CNN
Moreover, these price adjustments occurred within a mere two days of the law's enforcement, suggesting that further increases are likely on the horizon.

I did not make this point, but it is still valid:

Despite some advocates
© Source: Pixabay
Despite some advocates downplaying these price increases on social media, arguing that 25 cents to a dollar isn't significant, they overlook the fact that these hikes represent a substantial percentage of the item's total price.

Democratic ideals
© Source: Pixabay
California serves as a testing ground for Democratic ideals, akin to other cities like Baltimore, Selma, Detroit, and Oakland. The recent increase in the minimum wage for certain fast-food workers to $20 per hour, a 25% raise from $16, reflects this unchecked power, prompting many to question the state's direction and leading some residents to consider leaving.

and more problems for California:

California is facing a budget crisis with a projected record deficit of $73 billion, as reported by the Legislative Analyst’s Office.

The deficit increase is attributed to a $24 billion revenue erosion, leading to a $15 billion rise in the budget problem.

“The actual increase in the state’s budget problem will depend on a number of factors, including formula-driven spending changes, most notably Proposition 98 spending requirements for schools and community colleges,” the report read. (...)

The state’s population has been declining, with many residents leaving for states like Texas, Arizona, Florida, and Washington.

https://www.msn.com/en-us/news/us/calif ... 3b935&ei=8

I will wait (but not hold my breath) for petty rat to explain why people are leaving CA for Red States.

[Pack Rat]

Jusplay4MAGA, my dearest copy/paste queen. Why are RED States thee most poverty ridden, least educated and highest infant mortality rate in the richest country of the world? Were you born and raised in one of these crime infested RED States?

[GaryDenton]

Jusplay4MAGA

CEO compensation grew by 1,070 percent between 1978 and 2017, outstripping the 637 percent growth in the stock market over the same period. “Both measures of compensation are substantially greater than the painfully slow 11.2 percent growth in the typical worker’s compensation over the same period,” EPI said in its report.

https://nevadacurrent.com/briefs/ceos-g ... udy-finds/

The CEO-to-worker compensation ratio, according to the study, was 312-to-1 in 2017, compared to a 20-to-1 ratio in 1965.
.
It'd be nice if the problems of ever-increasing CEO pay, stagnant working pay, and unchanged minimum wages were seriously considered in the US. Instead, those who attempt to rein in some of the worst pay excesses here or call for raising the minimum wage just get called communists by ignorant people promoting a return to serfdom.
.

[jusplay4fun]

'We're in an annoying economy': Biden struggles with messaging when it comes to economic policies

Despite strong job growth and low unemployment, a new poll found that voters in three crucial battleground states say the economy was better during the Trump administration. Brian Tyler Cohen and Tim Miller break down how voters feel with Stephanie Ruhle

https://www.msn.com/en-us/news/politics ... 25#details

Biden struggles with MORE than simply messaging about the Economy. Tell that to all those voters, GaryD; it looks like your message is highly effective with them.

[HitRed]

Edict on Maximum Prices (301)

Roman coinage had been greatly debased by the numerous emperors and usurpers who minted their own coins, using base metals to reduce the underlying metallic value of coins.

The decreasing amount of silver in the billon coins had fuelled inflation. This inflation is understood to be the reason the decree was issued.

The Edict imposed a price ceiling – a list of maxima – for well over a thousand products. These products included various food items (beef, grain, wine, beer, sausages, etc.), clothing (shoes, cloaks, etc.), freight charges for sea travel, and weekly wages. The highest limit was on one pound of purple-dyed silk, which was set at 150,000 denarii (the price of a lion was set at the same price).

https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices

[jusplay4fun]

1.3% decline
© Source: Pixabay
California already saw a 1.3% decline in fast food jobs from when the wage hike was approved. Studies of previous minimum wage increases found they cost low-skilled workers in Seattle $1,500 annually on average after cut hours.

(...)
Highest unemployment rate
© Source: CNN
California currently has the highest unemployment rate in the US at 5.3%, raising economic concerns about the impact of the wage increase.

https://www.msn.com/en-us/money/markets ... 1#image=15

The economic "improvements" keep rolling on. Well Done, CA. Keeping make "sagacious" economic changes.

[HitRed]

Lumber is affordable again

[Pack Rat]

Lumber is affordable again

Wannabe terrorists, who dress like Palestinian freedom fighters. But, came off as candy asses when the police showed up. Just goes to show you today's young people can do the talk, but can't do the walk.

[jusplay4fun]

Lumber is affordable again

Wannabe terrorists, who dress like Palestinian freedom fighters. But, came off as candy asses when the police showed up. Just goes to show you today's young people can do the talk, but can't do the walk.

WoW..! On this point I am tempted to say that I AGREE with Pack Rat...!!! Is the world coming to an END..??

[jusplay4fun]

And some thought it was ALL Biden's fault:

In a recent cringe-inducing moment, Jared Bernstein, Chief Economist and Economic Policy Adviser to President Joe Biden, found himself in hot water as he struggled to explain the basic concept of how money works. This occurred during an interview for an upcoming documentary titled 'Finding The Money', which aims to delve into the complexities of the economy. (...)


"Well, some of the language is just confusing. The government definitely prints its own money. The government definitely prints money and lends that money. The government definitely prints money," Bernstein kept repeating.

"It then lends that money by selling bonds. Is that what that they do?", Bernstein queried himself. "They sell bonds and then people buy the bonds and lend the money. Yeah," he eventually confirmed, as if to convince himself of the response.

Despite his position as Chief Economist and Economic Policy Adviser, Bernstein's struggle to explain fundamental economic principles did not go unnoticed. He openly expressed his exasperation, conceding: "I don't get it. I don't know what they're talking about."

This episode unfolds against a backdrop where economic matters are a hot topic, with inflation worries, employment concerns, and soaring prices at the center of many conversations.

https://www.msn.com/en-us/money/markets ... ad6c&ei=50

[jusplay4fun]

Biden does not recall accurate numbers. So this is bad showing his

1) Bad memory, and

2) bad management and grasp of the US Economy.

Biden claims inflation was 9% when he took office – it was 1.4%

President Biden claimed on Wednesday that inflation was at 9% when he entered the White House in January 2021, when, in fact, the consumer price index (CPI) was at a mere 1.4% at the time.

"No president has had the run we’ve had in terms of creating jobs and bringing down inflation," Biden told CNN's Erin Burnett in an interview. "It was 9% when I came to office – 9%."

https://www.msn.com/en-us/news/politics ... 9c0&ei=102

So is Biden a LIAR or a forgetful, feeble old man? OR, worse, is HE BOTH??

[mookiemcgee]

Biden does not recall accurate numbers. So this is bad showing his

1) Bad memory, and

2) bad management and grasp of the US Economy.

Biden claims inflation was 9% when he took office – it was 1.4%

President Biden claimed on Wednesday that inflation was at 9% when he entered the White House in January 2021, when, in fact, the consumer price index (CPI) was at a mere 1.4% at the time.

"No president has had the run we’ve had in terms of creating jobs and bringing down inflation," Biden told CNN's Erin Burnett in an interview. "It was 9% when I came to office – 9%."

https://www.msn.com/en-us/news/politics ... 9c0&ei=102

So is Biden a LIAR or a forgetful, feeble old man? OR, worse, is HE BOTH??

Yeah maybe, but how many pornstars did he pay off with campaign funds?

(also he was referring to JOBS not inflation rates, the unemployment rate was at 9% when he took office https://lao.ca.gov/LAOEconTax/Article/D ... %20October. )

[jusplay4fun]

Biden does not recall accurate numbers. So this is bad showing his

1) Bad memory, and

2) bad management and grasp of the US Economy.

Biden claims inflation was 9% when he took office – it was 1.4%

President Biden claimed on Wednesday that inflation was at 9% when he entered the White House in January 2021, when, in fact, the consumer price index (CPI) was at a mere 1.4% at the time.

"No president has had the run we’ve had in terms of creating jobs and bringing down inflation," Biden told CNN's Erin Burnett in an interview. "It was 9% when I came to office – 9%."

https://www.msn.com/en-us/news/politics ... 9c0&ei=102

So is Biden a LIAR or a forgetful, feeble old man? OR, worse, is HE BOTH??

Yeah maybe, but how many pornstars did he pay off with campaign funds?

(also he was referring to JOBS not inflation rates, the unemployment rate was at 9% when he took office https://lao.ca.gov/LAOEconTax/Article/D ... %20October. )

If your account is accurate, then:
1) Biden was confused, or
2) Biden was confusing in presenting his "Bidenomics."

Either way, it is NOT good for his campaign.

I do not see paying off a pornstar as a real evil. I do not find Trump's character stellar; I detest many aspects of his personality. It is his POLICIES that I think are much more important. In comparison, Biden has mismanaged the Economy, a HUGE issue, and NOT only for me; please read BELOW.

Biden is hypocritical on abortion; I think he and his family are very CORRUPT and took money from many foreign entities. Those issues are, for me, more important than a POSSIBLE (and to me, LIKELY) fling with a woman: pornstar and/or Playboy model. That Trump paid one or both off to stay silent, so WHAT? No importa. Many men in a position of power and influence have done so. SO WHAT?

A very recent poll about the Economy, Inflation, and other Key campaign issues:

Washington, DC, May 5, 2024—New ABC News/Ipsos polling finds that President Biden’s approval rating hovers in the mid-to-high 30’s, statistically unchanged from January. The economy and inflation remain the most important issues for Americans when determining who they may support for president in November. More Americans trust Trump over Biden on these issues and feel they were better off financially under Trump than Biden. However, Americans’ views on both of the candidates remain dim, with many feeling both candidates are too old and not trustworthy. Overall, the 2024 election remains a toss-up. (...)

Nearly half of Americans say the economy (44%) and inflation (45%) are one of the single most important issues for them. More Americans trust Trump to handle the economy and inflation over Biden.

and more:

2. Overall, the economy and inflation are the most important issues for Americans in determining who they will support for president in November. More Americans trust Trump on these issues than Biden. (...)

The economy (88%) and inflation (85%) are the issues that Americans say will be most important for them in determining which candidate they will support in November. Nearly half of Americans say the economy (44%) and inflation (45%) are one of the single most important issues for them.
More Americans trust Trump to handle the economy and inflation over Biden. Forty-six percent trust Trump and 32% trust Biden on the economy; meanwhile, 44% trust Trump and 30% trust Biden on inflation. (...)

These issues rank as more important in determining who people will vote for than immigration at the U.S.-Mexico border (69%), gun violence (66%), America’s standing in the world (63%), access to abortion (57%), and the war between Israel and Hamas (48%).

https://www.ipsos.com/en-us/most-americ ... r%20Biden.

This poll is very similar to other polls which look at specific issues. I did not see moral character in that list of ten key issues. I think it SHOULD be, but this is the view of those polled and reflects the views of MOST Americans. The inflation for food prices and the price of gasoline will have a HUGE impact on the election.

And what is viewed by many Democrats as their "saving issue" abortion was important for only 57% and was ranked #9 of the top ten.

I am sure that saxi can give a better summary of polls versus what I provided here.

[Pack Rat]

Jusplay4MAGA,

Your accusations are just pipe dreams of MAGA.

Where is your proof that Biden took bribes from foreign governments?

Are you so down the rabbit hole, that reality has escaped you?

[pmac666]

Justplayformaga "thinks" that Joe is corrupt.
Comer and Gym Jordan came far with those strong "feelings". lol

[HitRed]

The great debate

[jusplay4fun]

Biden’s Re-Election Chances Damped by Inflation Fears, Poll Says

(Bloomberg) -- US President Joe Biden’s prospects for re-election in November are being depressed by persistent voter concerns over inflation, according to a new poll for the Financial Times.

High prices are one of the biggest financial challenges for 80% of voters, according to the latest FT-Michigan Ross poll released Sunday. Voters are growing less supportive, with 58% disapproving of his handling of the economy compared with 55% the prior month.

The poll results suggest voters blame Biden for higher prices for gasoline and food, without giving him credit for a booming economy and strong jobs market, the newspaper said.

(Read More: Biden’s Gains Against Trump Vanish on Deep Economic Pessimism)

The poll reflecting the opinions of 1,003 registered US voters was conducted online by Global Strategy Group and North Star Opinion Research between May 2 and May 6 and has a margin of error of plus or minus 3.1 percentage points.

https://www.msn.com/en-us/money/markets ... 07ae&ei=36

[HitRed]

The great debate puts Steve Hanke calling for inflation to drop to 2% by early 2025 vs. Peter Schiff calling for inflation to continue to rise. Both can’t be right.