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  3. Inflation

Inflation

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  • L Offline
    L Offline
    LuFins Dad
    wrote on 14 Jul 2022, 13:42 last edited by
    #145

    Holy crap - CNN -

    (CNN)The White House has been so wrong, so often, on inflation

    https://www.cnn.com/2022/07/14/politics/democrats-frustrated-biden-inflation-2022/index.html

    The Brad

    1 Reply Last reply
    • J Offline
      J Offline
      Jolly
      wrote on 14 Jul 2022, 14:18 last edited by
      #146

      Nothing new. Dems are scared and they've come to the conclusion that The Resident is dragging them down. He's the lamest of lame ducks. So, they've decided to start criticizing him, in two-fold strategy:

      1. To create some daylight between the White House and all those guys running for the House and the Senate.
      2. To make sure Biden does not run in 2024, and encourage other Dems to start the process of a Presidential run (interest, organizations, vetting, money).

      IMO, of course.

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • J Offline
        J Offline
        Jolly
        wrote on 14 Jul 2022, 14:19 last edited by
        #147

        And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

        I wish them well.

        “Cry havoc and let slip the DOGE of war!”

        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

        M 1 Reply Last reply 13 Oct 2022, 14:33
        • A Away
          A Away
          Axtremus
          wrote on 13 Oct 2022, 14:10 last edited by
          #148

          https://www.bls.gov/cpi/latest-numbers.htm

          September 2022's CPI's headline number is +8.2%.

          1 Reply Last reply
          • J Jolly
            14 Jul 2022, 14:19

            And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

            I wish them well.

            M Offline
            M Offline
            Mik
            wrote on 13 Oct 2022, 14:33 last edited by
            #149

            @Jolly said in Inflation:

            And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

            I wish them well.

            But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

            Deep News.

            "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

            H 1 Reply Last reply 13 Oct 2022, 15:46
            • M Offline
              M Offline
              Mik
              wrote on 13 Oct 2022, 14:52 last edited by
              #150

              As far as inflation, groceries are up between 25 and 50%.

              "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

              1 Reply Last reply
              • J Offline
                J Offline
                Jolly
                wrote on 13 Oct 2022, 14:55 last edited by
                #151

                Vote Demonrat.

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • M Mik
                  13 Oct 2022, 14:33

                  @Jolly said in Inflation:

                  And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                  I wish them well.

                  But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                  Deep News.

                  H Offline
                  H Offline
                  Horace
                  wrote on 13 Oct 2022, 15:46 last edited by
                  #152

                  @Mik said in Inflation:

                  @Jolly said in Inflation:

                  And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

                  I wish them well.

                  But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                  Deep News.

                  The indoctrinated masses feel, deep in their feeliest feels, that Republicans are an existential threat. Not sure how that becomes negotiable. These people may be permanently lost and broken when it comes to political affiliation.

                  Education is extremely important.

                  1 Reply Last reply
                  • M Offline
                    M Offline
                    Mik
                    wrote on 13 Oct 2022, 16:24 last edited by Mik
                    #153

                    Well, I watched the Ohio US senate and house for my district debates in full. In both cases the GOP candidate won out over the opponent with facts. Both Dems stood up there and lied through their teeth.

                    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                    1 Reply Last reply
                    • George KG Offline
                      George KG Offline
                      George K
                      wrote on 13 Oct 2022, 16:35 last edited by
                      #154

                      "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.

                      1 Reply Last reply
                      • George KG Offline
                        George KG Offline
                        George K
                        wrote on 14 Oct 2022, 18:21 last edited by
                        #155

                        Someone needs to DO something about this!

                        joe_biden_inflation_1978.jpg

                        "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.

                        1 Reply Last reply
                        • L Offline
                          L Offline
                          LuFins Dad
                          wrote on 15 Oct 2022, 17:05 last edited by
                          #156

                          So we’re a year in to this with no sign of relief.

                          https://www.cnn.com/2022/10/13/business/fed-interest-rates-inflation-nightcap/index.html

                          Last year our September numbers showed a 5% -6% increase, this year it’s 8%-9%. So over 2 years it’s what? 15%-17% now that inflation is stacking on top of inflation?

                          The Brad

                          1 Reply Last reply
                          • M Offline
                            M Offline
                            Mik
                            wrote on 15 Oct 2022, 17:07 last edited by
                            #157

                            It's transitory, they said.

                            Of course, transitory only means it won't stay where it was then. So it got worse.

                            "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                            1 Reply Last reply
                            • L LuFins Dad
                              21 Nov 2021, 18:02

                              Remember the Farm Bureau’s .14 cent 4th of July?

                              They’re back…

                              https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                              L Offline
                              L Offline
                              LuFins Dad
                              wrote on 15 Oct 2022, 17:15 last edited by
                              #158

                              @LuFins-Dad said in Inflation:

                              Remember the Farm Bureau’s .14 cent 4th of July?

                              They’re back…

                              https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                              Can’t wait to see this year’s number.

                              The Brad

                              George KG 1 Reply Last reply 21 Nov 2022, 20:30
                              • taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote on 16 Oct 2022, 01:26 last edited by
                                #159

                                How is the inflation measured?

                                When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                                Or is it calculated differently?

                                L 1 Reply Last reply 16 Oct 2022, 02:17
                                • taiwan_girlT taiwan_girl
                                  16 Oct 2022, 01:26

                                  How is the inflation measured?

                                  When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                                  Or is it calculated differently?

                                  L Offline
                                  L Offline
                                  LuFins Dad
                                  wrote on 16 Oct 2022, 02:17 last edited by
                                  #160

                                  @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                  The Brad

                                  taiwan_girlT George KG 2 Replies Last reply 16 Oct 2022, 02:46
                                  • L LuFins Dad
                                    16 Oct 2022, 02:17

                                    @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                    taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on 16 Oct 2022, 02:46 last edited by
                                    #161

                                    @LuFins-Dad Thanks!!!

                                    1 Reply Last reply
                                    • L LuFins Dad
                                      16 Oct 2022, 02:17

                                      @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                      George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on 16 Oct 2022, 11:53 last edited by
                                      #162

                                      @LuFins-Dad said in Inflation:

                                      @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                      Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                      Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                      Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                      "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.

                                      Doctor PhibesD L 2 Replies Last reply 16 Oct 2022, 12:02
                                      • George KG George K
                                        16 Oct 2022, 11:53

                                        @LuFins-Dad said in Inflation:

                                        @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                        Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                        Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                        Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                        Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on 16 Oct 2022, 12:02 last edited by
                                        #163

                                        @George-K said in Inflation:

                                        @LuFins-Dad said in Inflation:

                                        @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                        Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                        Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                        Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                        That would be hilarious if it wasn't so sad.

                                        I was only joking

                                        1 Reply Last reply
                                        • George KG George K
                                          16 Oct 2022, 11:53

                                          @LuFins-Dad said in Inflation:

                                          @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                          Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                          Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                          Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 16 Oct 2022, 12:43 last edited by
                                          #164

                                          @George-K said in Inflation:

                                          @LuFins-Dad said in Inflation:

                                          @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                          Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                          Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                          Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                          July of 2021 had a lower CPI than September of 2021. Finding the actual CPI numbers goes beyond my simple Googlefu but I know that 8.2% increase ~5.5% is greater than 8.2% over 4.2%…

                                          The Brad

                                          Doctor PhibesD 1 Reply Last reply 16 Oct 2022, 15:08
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