1ºJohn Richard Mondabaugh I see where you are going with the devalued dollar.
There is a lot more to the current issues than just one person or party in one country.
Attempting to make all the problems fall into one neat little package is disregarding reality not going to accomplish anything.
I'm still putting the blame on the multinational corporations greed and resistance to any decrease in the profit margins.
They're looking to make back the money they haven't been getting over the last couple of years.
Now that the economy is back on it's feet they're trying to gain that money back.
People had income rolling back in but now they saving it for gas and groceries so the rest of the non essential business world is losing out again. The decreased spending is hurting the dollar's value and causing a correction in the stock market.
The whole world may look to this country as a democratic leader but I really don't think they're going to allow their economies to suffer if it's just to make Biden look good.
2ºBetty Wetzl you people? You do know he stated 'inflation would be temporary.' He has a habit of making promises he can't keep. Hear this, the imbicile is leaving our southern border wide open for drug smugglers, human trafficking, criminals and thousands of illegals coming into this country everyday. Crime is at a all time high in major American cities across the nation mainly Demoncrat governed. He didn't have a plan to withdraw us from the Afghan war leaving billions of military equipment for the Taliban. Equipment should have been taken out first, then refugees and military last. He was the one that stated he could end COVID-19 when entering office and then later redacted that by stating the Government can't do anything about it. He paid those on unemployment to stay home and not work and his mandates of vaccination caused shortages in employment. Together this triggered increased supply shortages. Inflation is fueled by pumping money into the economy. His policies with build back nothing (better) have made inflation worse. He has no negotiation skills as a leader of the free world and cannot even form a sentence at times. Worrying about green energy projects, he shifted away from our energy independence under Trump by putting more regulatory burdens on oil and natural gas. Exactly what has he done to make American lives better, nothing, just as a Senator and VP, nothing. Furthermore, he has waged war on parents through the DOJ who don't agree with school teaching policies. You keep sheltering him and his administration, next they will have us involved in the Russia-Ukraine war. I'm sure this is all laughable to you because you don't understand or see the big picture of things. How about his disapproval rating at 57%, the worst of any American President?
3ºMichael Stiles The only reason we are having these issues with Inflation is because the economy is growing way too fast and that is what Biden has done. His administration reduced child poverty, more good paying jobs than ever before, better health insurance and people can say and read and learn whatever they want. As a blue state person, I like my freedom, I’m paid well, have everything to make my life comfortable, don’t have to walk around hating or anything else.
Your better question is why should you vote for republicans? All you have been doing is paying for hundreds of republicans to stay in office, promise you nothing, then tell you what you can and can not do. Pretty soon, they will prevent women from leaving the state unless they prove they are not pregnant. They have even convinced you that low pay is what’s best for you, no health insurance because it is a socialists thing and they have already told old and young, they will take social security that YOU paid into. They already voted to not support veterans, they voted against helping solve the baby formula recall issue. No raises, no nothing, just pay their salaries.
We don’t need you to vote dem, vote for the party that has your best interest in mind or if that party doesn’t affect you, maybe a family member, young or old. Do you because the Dems already know to vote what’s in their best interest. When inflation is back in normal range, then we will see the benefits and understand what has been happening. So vote for or against because at the end of the day, you will have to live with your decisions.
4ºRafiki Goulart you said two years ago. Two years ago was may 2020 which was deep in the pandemic recession so that was the basis of my comparison. But okay, february 2020. Yes, unemployment rates were at the lowest it had been just before the pandemic but is currently just .1 percent higher than that now. But trump didn't do a whole lot to get there, his job growth rates pre pandemic were slower than Obama's second term and unemployment was pretty low when he got in (to be fair it is harder to maintain job growth numbers when near full employment so I am not saying that the lower rate then Obama was bad). The gdp growth rates were about the same prepandemic under trump as Obama's second term despite pumping the economy with deficit increasing tax cuts. People act like the economy was a mess under obama and trump turned everything around but we had steady progress under Obama and very similar progress trumps first three years. The market was also being inflated with those tax cuts and low interest rates that made other investment options fairly unreasonable to consider. But... if we are using Feb 2020 as comparison then the markets are still much higher now than then even after the big decrease so far this year.
5ºCarteresk inflation to Bidenesk INFLATION.
Bargains galore for this with cash on hand. Capitalism is not dying. It's being F-d'd with by Democrats.
I can't count how many times we have had bear markets. But survive this, and you will be ready for when a America Loving Republican comes and saves us from the clutches of the Evil Democrats.
I feel sorry for the people who have to pay $4,5,6,7 dollars per gallon of gas, to go to work. Only to find that they can't pay rent on what they make.
I don't think the Democrats can win in 2022 or 2024, no matter how much they cheat. We all know 2020 was stolen.
6ºCNN will not explain to you the great reset( digital currency) Or the 2030 agenda. But it can only happen if you destroy America's economy. Food shortages, millions of people walking across the border ,100000 died from fentanyl alone last year ,Stock markets plummeting, Highest inflation in over 40 years ,gas prices have doubled. And they are giving money away to other countries by the billions. And FYI we are still getting to this day hundreds of thousands of barrels of oil from Russia. There's a reason they put an old frail man with dementia in the White House. He is literally the laughing stock of world leaders.
7ºRobert Short he finally let up with the CoViD restrictions and is counting the people going back to work as the biggest job creation of all time. Also, he’s taking the baby formula we don’t have because of government over regulation and giving it to illegal immigrants at the southern border. Finally he’s giving billions to Ukraine who is definitely not corrupt and really needs it to fight Russia but I think it’s kinda weird that they need so much help because the news tells us Russia is completely inept and losing to farmers. Anyways, that’s a lot of it, and he doesn’t have mean tweets.
8ºRafiki Goulart two years ago we had over 10 percent unemployment, a global recession crushing demand (which is why gas prices were cheap), and a pandemic raging with no vaccine and no leadership at the top taking it seriously. Now we have almost record low unemployment, the fastest gdp growth in 40 years last year, the inflation is tied to global supply chain and russia so it isnt US specific, and the stock market has gone up so much compared to the start of the pandemic that even with the start of this year losing a lot of it, we are still way higher than we were at prepandemic. People act like their savings was decimated but if stocks are at late 2020 levels then apparently their late 2020 retirement profile is classified as decimated or they just arent good at investing.
9ºDavid Riewe since 1980 the GDP per capita in the US has increased by over 300%. In the meantime median wages have remained relatively stagnant. So we are literally creating 3x as much wealth per worker than we were 42yrs ago. Why do the wealthiest fraction of a percent of people in this country get to keep all of that extra wealth we created? They didn’t create that, we did, and they have been slowly chipping away at that since they installed Reagan into office. I’m am not saying to tax them out of existence, but we should at least be compensated accordingly. There is no reason why the wealthiest nation in the world should have 35M of its citizens living below the poverty line. If you removed 99.9% of the wealth away for the 4 richest people in this country they would still have more wealth than they could spend in a lifetime. Pure greed, and with all that money comes the ability to buy politicians.
10ºRafiki Goulart it's a shame more people didn't go for that vaccine. Printing all that money is partly to blame for inflation, the supply chain issues are most of it, which got worsened with russias war. Enhanced unemployment benefits ended september 2021 so those arent a factor with the market decline early this year. The war on fossil fuels doesnt exist. We have steadily increased drilling under biden, drill more than any other country in the world, and 2021 had more drilled than any year in this country except 2019. The initial surge in price to just over 3 was because of the global demand surge with recovery once vaccines became available. The surge to 4 and beyond was mostly related to Russia.
I am not saying that there are no errors now or nothing that was good before. I was saying that we are definitely better off now than exactly two years ago, but if you want to pick Feb 2020 as the 2 years ago mark then I would say I am better off than then but collectively we still have work to do to get there.