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    jlisenbe's Avatar
    jlisenbe Posts: 4,332, Reputation: 156
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    #61

    Jan 13, 2022, 04:47 AM
    Thank you, Mr. Biden. But to be fair, he's doing great on inflation and reining in fed spending. [SARC]
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 343
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    #62

    Jan 13, 2022, 04:57 AM
    Yeah I saw them brag that inflation last month wasn't as bad as November .
    Athos's Avatar
    Athos Posts: 947, Reputation: 55
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    #63

    Jan 13, 2022, 05:23 AM
    Quote Originally Posted by tomder55 View Post
    Yeah I saw them brag that inflation last month wasn't as bad as November .
    That happens to be true.
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 343
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    #64

    Jan 13, 2022, 06:01 AM
    Don't worry about inflation . Inflation is now good according to the compliant press .

    But on the whole, inflation can actually be a good thing for many working-class Americans especially those with fixed-rate debt like a 30-year mortgage. That's because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value.
    And many of the people taking a bath when prices rise are higher-net-worth people who hold the vast majority of government bonds.


    The trouble is, you're not going to feel the upside immediately.

    Brings back memories

    Watch Saturday Night Live Highlight: Jimmy Carter on Inflation Cold Open - NBC.com



    Why inflation can actually be good for everyday Americans and bad for rich people - CNN
    Athos's Avatar
    Athos Posts: 947, Reputation: 55
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    #65

    Jan 13, 2022, 06:40 AM
    Quote Originally Posted by tomder55 View Post
    Don't worry about inflation . Inflation is now good according to the compliant press .
    And according to economists depending on the circumstances. And depending on the rate. A certain moderate rate can be good.

    SNL has often put on brilliant social commentary skits.

    Your "compliant press" is a misnomer. Just a piece of bias since it tells the truth which is increasingly going against the republican idea of government. The press is one of the most powerful shields we have against a bad government.
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 343
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    #66

    Jan 13, 2022, 12:51 PM
    moderate rate

    not the highest rate in over 40 years .
    jlisenbe's Avatar
    jlisenbe Posts: 4,332, Reputation: 156
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    #67

    Jan 13, 2022, 01:37 PM
    I have noticed one thing held in common by both the hard core Trump and Biden supporters. They cannot bring themselves to say a negative word about their pres. So the highest inflation rate in 40 years can be dismissed as merely being moderate.

    I suspect we ain't seen nothin yet. It could get into the "high-moderate" range before much longer.
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855
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    #68

    Jan 13, 2022, 07:17 PM
    Inflation can be managed. Not like it was a surprise to anybody.
    jlisenbe's Avatar
    jlisenbe Posts: 4,332, Reputation: 156
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    #69

    Jan 13, 2022, 07:57 PM
    At the highest in forty years, is it being managed now?
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855
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    #70

    Jan 14, 2022, 07:52 AM
    A predictable spike and yes will be managed like the last spike. Don't panic. At least the dufus ain't in the WH no more.
    jlisenbe's Avatar
    jlisenbe Posts: 4,332, Reputation: 156
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    #71

    Jan 14, 2022, 07:58 AM
    Average inflation with Trump was considerably below what we have now as was unemployment. I thought you like management?

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