Inflation drops to 4.9%

Inflation keeps dropping due to the reasonable policies of Biden and the Fed. We never hit the double digit inflation the alt right claimed we would.

Make no mistake about it, the process of getting rid of inflation is painful. trump is not a hard work sort of person, so we are lucky he is out of office.
 
Walt said:
Inflation keeps dropping due to the reasonable policies of Biden and the Fed. We never hit the double digit inflation the alt right claimed we would.

Make no mistake about it, the process of getting rid of inflation is painful. trump is not a hard work sort of person, so we are lucky he is out of office.
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I'm just surprised we aren't living in some sort of apocalyptic hellscape by now.

Two and a half years ago Trump practically guaranteed that if Americans dared to elect Biden, there would be an unprecedented and apocalyptic depression and we wouldn't even recognize the country anymore
 
Walt said:
Suddenly, Republicans do not want to talk about the economy.
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Sure we do, Walter.

From April 2022 to April 2023, real average hourly earnings increased 0.3 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 0.6-percent decrease in real average weekly earnings over this period
Bureau of Labor Statistics
 
The economy is improving because the effects of Covid ending are kicking in.

It would be doing a lot better if Bidens policies weren’t hindering it
 
Earl said:
From April 2022 to April 2023, real average hourly earnings increased 0.3 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 0.6-percent decrease in real average weekly earnings over this period
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That is how we get inflation under control. It is brutal, and takes a brave leader to do it. We all know trump simple would not have what it takes to do this.
 
Walt said:
That is how we get inflation under control. It is brutal, and takes a brave leader to do it. We all know trump simple would not have what it takes to do this.
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So, Walter, you far left loons think that the way to improve the economy is to reduce worker’s wages.

How cavalier you are with workers wages.

Should we raid the children’s piggy banks, Walter?
 
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As Biden first set foot in the Oval Office a year ago, real GDP was growing at 6.3 percent, inflation was 1.4 percent, the price of gasoline was $2.39 a gallon and Michigan’s consumer sentiment index stood at 79. Today, real growth has slowed to just over 2 percent, inflation is at 7 percent, gas is up to $3.31 a gallon and the Michigan Index is 68.8.
In addition, real wages dropped 2.4 percent over the past year, with inflation overwhelming pay hikes after several years of gains under President Trump.
In just one year, Biden has managed to torch an economy that was recovering robustly when he took office. One bad decision after another, compounded, to be sure, by certain events beyond his control, have scuttled the turnaround that was well underway the day he became president.

Just one year ago.
 
Jarod said:
The Biden economic miracle!
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…is nowhere to be seen.

From April 2022 to April 2023, real average hourly earnings increased 0.3 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 0.6-percent decrease in real average weekly earnings over this period
 
Poor Walter believes that the way to reduce inflation is to depress wages.

Robbing children’s piggy banks, too.
 
Tinkerpeach said:
The economy is improving because the effects of Covid ending are kicking in.

It would be doing a lot better if Bidens policies weren’t hindering it
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That's not the song you and Trump were singing two and a half years ago, Stretch.

You and Trump predicted that if Americans dared to elect Biden there would be anl devastating and unprecedented economic depression and we wouldn't recognize the country anymore
 
Earl said:
…is nowhere to be seen.

From April 2022 to April 2023, real average hourly earnings increased 0.3 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 0.6-percent decrease in real average weekly earnings over this period
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Funny math on your part, if you double carry the 2, divide by 6 and look at it sideways…

Unemployment is at an incredible low, lower than Trump ever reached and MUCH lower than when Trump was removed from the White House.
 
Warren Buffett is removing billions of dollars of investments from the stock market.

A recession and/or a depression…is most likely.
 
Earl said:
Warren Buffett is removing billions of dollars of investments from the stock market.

A recession and/or a depression…is most likely.
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If Republicans shut down the government, yes.

I heard you guys predict that over and over during the Obama years, it actually happened during the trump years, and I heard you predicting it during the first two years of the Biden administration. If you keep predicting it, eventually, you will be right, but I don’t know, when… maybe during the Biden administration, maybe not.
 
ExpressLane said:
So it is just a little more than 3 TIMES what it was when Trump left office? Congrats....???
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You and Trump didn't predict that peanut butter and baby diapers would cost more.

You and Trump predicted that if Americans dared to elect Biden there would be a devastating and unprecedented economic depression and we wouldn't even recognize the country anymore
 
Jarod said:
Funny math on your part, if you double carry the 2, divide by 6 and look at it sideways…

Unemployment is at an incredible low, lower than Trump ever reached and MUCH lower than when Trump was removed from the White House.
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Those are the Bureau of Labor Statistics figures, ambulance chaser.
 
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