Bidenomics

[Jolly]

Suckers...

https://www.msn.com/en-us/money/markets/biden-takes-aim-at-grocery-stores-for-ripping-people-off-amid-continued-high-prices-played-for-suckers/ar-BB1hErFO

[LuFins Dad]

"The cost of eggs, milk, chicken, gas,

Eggs - (granted, they aren’t as high as they were during the insane spike last year, but they are still up 63% from when he took office, and are rising over the last several months.

Milk -

Chicken -

Gas - https://fred.stlouisfed.org/graph/fredgraph.png?g=1fpMT

[LuFins Dad]

This is extremely dangerous rhetoric

[George K]

And it costs you about twice as much (per month) to buy a "starter" home.

[Jolly]

@LuFins-Dad said in Bidenomics:

This is extremely dangerous rhetoric

The Biden speech?

How so?

[George K]

[taiwan_girl]

But Goerge, companies lay off people all the time, even when the economy is going up.

https://www.fool.com/investing/2020/01/07/these-25-companies-laid-off-workers-in-2019.aspx

Ford
Disney
Lowes
Tesla (7% of workers)
HBSC (12%)
HP (15%)
etc etc

[George K]

The Harpy from Mass opines.

See, inflation isn't bad, it's just that the products are getting smaller because of the greedy corporations.

Nice "scare-zooms" in the video BTW.

[Jolly]

She's just following Biden's speech from this week.

Same message.

[George K]

Lemme see if I'm getting this right.

Biden is complaining about inflation?

[LuFins Dad]

Those greedy and evil Jews merchants!

[Mik]

There’s no “fooling” going on. It’s an attempt to keep prices down.

[Jolly]

I don't think a lot of folks are buying the sudden worry about chip bags and ice cream cartons.

[Mik]

I wouldn’t buy her saying water is wet. She’s the prime example of my theory of two kinds of people. One tells you it’s raining and you just think “oh, it’s raining”. Then there’s the other type who tells you the same thing and you ask yourself why they would want it to be raining.

[George K]

[Jolly]

Bidenomics, FTW!

[taiwan_girl]

@George-K How is this calculated?

3M annualized CPI 4%, up from 3.3%
6M annualized CPI 3.7%, up from 3.2%

For example
Jul 23 - 3.2
Aug 23 - 3.7
Sep 23 - 3.7
OCt 23 - 3.2
Nov 23 - 3.1
Dec 23 - 3.4
Jan 24 - 3.1

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

[George K]

My insurance went up about 25% from 2022 to 2023.

[Doctor Phibes]

@George-K said in Bidenomics:

My insurance went up about 25% from 2022 to 2023.

On the positive side, some people who work for insurance companies are doing well!

Or so I've heard. Allegedly.

[LuFins Dad]

@George-K said in Bidenomics:

My insurance went up about 25% from 2022 to 2023.

Did it go down in 2020 when nobody was driving?

Automobile insurance is one of the weirdest industries. Lucas drives ~3K miles per year in a 2010 Mazda in excellent shape and under 70K miles to this point.

I drive over 25K miles per year and Karla drives over 35K miles per year. Luke’s insurance is more expensive than mine, and only slightly less than Karla’s though her car is valued 5x his…