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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Well, now we know who's fault inflation is.

Well, now we know who's fault inflation is.

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  • George KG George K

    “The problem is, Republicans in Congress are doing everything they can to stop my plans to bring down costs on ordinary families,” Biden added.

    What plans?

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #4

    “Under my plan for the economy we made extraordinary progress, and put America in a position to tackle a worldwide problem that’s worse everywhere but here: inflation,” Biden said..

    EU inflation is catching up but is still lower at 8.1%. Japan is at 2.1%. China is at 8%, India is at 7.8, but India has averaged 6% over the past two decades…Where is it higher? Argentina?

    The Brad

    1 Reply Last reply
    • AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote on last edited by
      #5

      Well, fiscal conservatives can at least cheer for the cut in federal deficit:

      … Biden said his administration had managed to cut the federal deficit, since the 2020 baseline was inflated by emergency Covid spending.

      “By the end of the fiscal year, we will have cut the federal deficit by another $1.6 trillion. In one year!” Biden said. ...

      CopperC 1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #6

        FFS. Only Biden could see that as an accomplishment.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        AxtremusA 1 Reply Last reply
        • George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #7

          Feds gonna up the rate by 75 basis points tomorrow.

          Probably another pair of similar increases by September.

          "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
          • MikM Offline
            MikM Offline
            Mik
            wrote on last edited by
            #8

            That giant sucking sound is my net worth.

            “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

            LuFins DadL JollyJ 2 Replies Last reply
            • MikM Mik

              That giant sucking sound is my net worth.

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #9

              @Mik said in Well, now we know who's fault inflation is.:

              That giant sucking sound is my net worth.

              Spend it while it’s worth something…

              The Brad

              1 Reply Last reply
              • MikM Mik

                FFS. Only Biden could see that as an accomplishment.

                AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by
                #10

                @Mik said in Well, now we know who's fault inflation is.:

                Only Biden could see that as an accomplishment.

                Do you not see deficit reduction as an accomplishment, or do you not see deficit reduction as an accomplishment only when a Democrat gets credit for it?

                MikM 1 Reply Last reply
                • MikM Mik

                  That giant sucking sound is my net worth.

                  JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #11

                  @Mik said in Well, now we know who's fault inflation is.:

                  That giant sucking sound is my net worth.

                  It's only on paper until you spend it.

                  “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
                  • AxtremusA Axtremus

                    @Mik said in Well, now we know who's fault inflation is.:

                    Only Biden could see that as an accomplishment.

                    Do you not see deficit reduction as an accomplishment, or do you not see deficit reduction as an accomplishment only when a Democrat gets credit for it?

                    MikM Offline
                    MikM Offline
                    Mik
                    wrote on last edited by
                    #12

                    @Axtremus said in Well, now we know who's fault inflation is.:

                    @Mik said in Well, now we know who's fault inflation is.:

                    Only Biden could see that as an accomplishment.

                    Do you not see deficit reduction as an accomplishment, or do you not see deficit reduction as an accomplishment only when a Democrat gets credit for it?

                    Did you even read what you posted?

                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                    AxtremusA 1 Reply Last reply
                    • AxtremusA Axtremus

                      Well, fiscal conservatives can at least cheer for the cut in federal deficit:

                      … Biden said his administration had managed to cut the federal deficit, since the 2020 baseline was inflated by emergency Covid spending.

                      “By the end of the fiscal year, we will have cut the federal deficit by another $1.6 trillion. In one year!” Biden said. ...

                      CopperC Offline
                      CopperC Offline
                      Copper
                      wrote on last edited by
                      #13

                      @Axtremus said in Well, now we know who's fault inflation is.:

                      Well, fiscal conservatives can at least cheer for the cut in federal deficit:

                      … Biden said his administration had managed to cut the federal deficit, since the 2020 baseline was inflated by emergency Covid spending.

                      “By the end of the fiscal year, we will have cut the federal deficit by another $1.6 trillion. In one year!” Biden said. ...

                      b3c3bcaf-5f8f-489a-9e28-b05a0c45fe46-image.png

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #14

                        Heard Steve Forbes discuss monetary and non-monetary inflation on Ben Shapiro's show today. It's worth listening to...

                        “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
                        • MikM Mik

                          @Axtremus said in Well, now we know who's fault inflation is.:

                          @Mik said in Well, now we know who's fault inflation is.:

                          Only Biden could see that as an accomplishment.

                          Do you not see deficit reduction as an accomplishment, or do you not see deficit reduction as an accomplishment only when a Democrat gets credit for it?

                          Did you even read what you posted?

                          AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote on last edited by
                          #15

                          @Mik said in Well, now we know who's fault inflation is.:

                          @Axtremus said in Well, now we know who's fault inflation is.:

                          @Mik said in Well, now we know who's fault inflation is.:

                          Only Biden could see that as an accomplishment.

                          Do you not see deficit reduction as an accomplishment, or do you not see deficit reduction as an accomplishment only when a Democrat gets credit for it?

                          Did you even read what you posted?

                          Seriously, do you not see deficit reduction as an accomplishment?

                          1 Reply Last reply
                          • taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #16

                            Thailand inflation is over 7% now. They blame President Biden also. 555

                            1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #17

                              Well, in fairness, he's right: They are changing peoples' lives:

                              "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
                              • JollyJ Offline
                                JollyJ Offline
                                Jolly
                                wrote on last edited by
                                #18

                                Very effectively.

                                “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
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