Inflation
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@George-K perfect.
Psaki actually had the (pardon the expression) balls to blame the surge in gas prices on the Ukrainian situation.
Certainly that’s true of the rather significant jump in the last week
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Ratner’s right, but of course I’d say that because he’s making my point.
But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid
Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.
But to address your point as to "cherry-picking" the 5 year timeline is somewhat different (and we can ignore that "Putin spike" for the sake of discussion).
The Trump peak is in May 2025 at about $3.00/gallon.
The pre-Putin peak under the Biden administration is about $3.35, 10% higher. Inflation for the year is now 7.5%.
As you know, gas prices are only one factor, and a major one, in the cost of living.
I saw another chart today (correlation is not causation, of course) showing the rise of money available compared with inflation.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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The average gas price before COVID was at $2.54, Jon.
Of course, it was over $3.20 over most of Obama's last 4 years...
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The average gas price before COVID was at $2.54, Jon.
Of course, it was over $3.20 over most of Obama's last 4 years...
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No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.
No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.
My guess is that has the potential to put the 70s oil crisis to shame.
But hey yeah, Biden, let's encourage everyone to return to the office!
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No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.
My guess is that has the potential to put the 70s oil crisis to shame.
But hey yeah, Biden, let's encourage everyone to return to the office!
@Aqua-Letifer said in Inflation:
No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.
My guess is that has the potential to put the 70s oil crisis to shame.
But hey yeah, Biden, let's encourage everyone to return to the office!
That’s a great idea! Hadn’t even considered that.
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Ratner’s right, but of course I’d say that because he’s making my point.
But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid
Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.
But to address your point as to "cherry-picking" the 5 year timeline is somewhat different (and we can ignore that "Putin spike" for the sake of discussion).
The Trump peak is in May 2025 at about $3.00/gallon.
The pre-Putin peak under the Biden administration is about $3.35, 10% higher. Inflation for the year is now 7.5%.
As you know, gas prices are only one factor, and a major one, in the cost of living.
I saw another chart today (correlation is not causation, of course) showing the rise of money available compared with inflation.
Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.
To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.
ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.
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Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.
To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.
ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.
Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.
To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.
ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.
Oh bull shit. You actually want us to believe that the massive debt the democrats ran up wasn't connected ?
There was a pandemic. The threat of a complete economic collapse was real. Money was thrown at it. Now - who was it that created most of the wild eyed bulls shit that drove that? Fucking democrats. Then who was it that wanted to keep on handing out money like candy even after it was determined the handouts were being wasted and weren't helping?? Fucking democrats. Yet you want to drop that all on Trump as if he was the bad guy. I refuse to believe you're that stupid.
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I’m not really “dropping it all on Trump” rather I’m exposing the facile partisan explanations in this thread.
I talked more broadly about the causes of inflation in another thread about a week ago.
