Bidenomics
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I don't think a lot of folks are buying the sudden worry about chip bags and ice cream cartons.
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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.
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Bidenomics, FTW!
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@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 - 3.1https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
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@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.
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@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…
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@George-K said in Bidenomics:
Age and gender might have something to do with it.
Absolutely, but isn’t it weird that Karla and I have never even been asked about mileage? We each drive 2-3 times the distance most adults do, you would think that would impact our insurance rates…
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Biden is a net tax cutter:
President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.
The math is straightforward. ... the tax cuts Mr. Biden has signed for individuals and corporations are larger than the tax increases he has imposed on big corporations and their shareholders.
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@George-K said in Bidenomics:
The cost of making popcorn:
I’d suggest that he hire somebody to handle both his sourcing of ingredients and his accounting.
Prices are up, but they aren’t up as high as he’s saying.
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These guys don't shop at Piggly Wiggly.
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@Jolly said in Bidenomics:
These guys don't shop at Piggly Wiggly.
Right. But he’s manipulating the numbers. He’s showing his wholesale cost in 21, and retail in 24. That’s not just fudging the numbers, that’s outright fraud. Letitia James would like to have a conversation with him…
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I'll take your word for it. I don't know enough to accurately quote those costs.