Inflation and Biden
- Thread starter Mephisto666
- Start date
HGCC
Well-Known Member
Billy the Mountain
Well-Known Member
Fogdog
Well-Known Member
lolNumbers are real. And thanks to Bidenomics it's now even harder for the average American to buy a home.
How Bidenomics Wrecked America’s Housing Market
All around the nation can be found the detritus of “Bidenomics,” especially in America’s broken housing market. Countless families are struggling just to find somewhere affordable to live, with the American dream of homeownership all but snuffed out for much of the middle class. The only way to...www.heritage.org
Inflation is a world wide problem. Love the desperation shown in that conservative hit piece trying to pin Bidenomics on it. Yes, Biden's administration raised interest rates and it bites into the housing market so, yes, Biden's administration's actions in response to inflation is part of the reason why. Is a temporary stall in housing market the worst you can find to pin on Biden?
Also, Heritage.org sucks as a reference.
Heritage Foundation – Bias and Credibility
- Overall, we rate the Heritage Foundation Right Biased based on conservative policy positions and funding from right-leaning organizations. We also rate them Mixed for factual reporting due to promoting misleading claims regarding global warming and the health dangers associated with tobacco.
When Biden took office the inflation rate was 1.4 and started rising instantly due to his policies starting on the first day.lol
Inflation is a world wide problem. Love the desperation shown in that conservative hit piece trying to pin Bidenomics on it. Yes, Biden's administration raised interest rates and it bites into the housing market so, yes, Biden's administration's actions in response to inflation is part of the reason why. Is a temporary stall in housing market the worst you can find to pin on Biden?
Also, Heritage.org sucks as a reference.
Heritage Foundation – Bias and Credibility
View attachment 5328635
View attachment 5328636
- Overall, we rate the Heritage Foundation Right Biased based on conservative policy positions and funding from right-leaning organizations. We also rate them Mixed for factual reporting due to promoting misleading claims regarding global warming and the health dangers associated with tobacco.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024. The next inflation update is scheduled for release on November 13 at 8:30 a.m. ET...
www.usinflationcalculator.com
OldMedUser
Well-Known Member
It did that all over the world at the same time so I guess Biden is to blame for that as well? The US is doing better than any of the other G20 nations but you seem to not have got the memo.When Biden took office the inflation rate was 1.4 and started rising instantly due to his policies starting on the first day.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024. The next inflation update is scheduled for release on November 13 at 8:30 a.m. ET...
US inflation rates effect the rest of the world as well as the US.
Does easing US inflation point the way for the world?
It may be good news for the rest of the world if price increases in the US continue to slow.
www.bbc.com
I don't think you're correct about the US doing better than any other G20 country. Where did you hear that?
Inflation Rate - Countries - List | G20
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries part of G20. The table has current values for Inflation Rate, previous releases...
tradingeconomics.com
Fogdog
Well-Known Member
lolUS inflation rates effect the rest of the world as well as the US.
Does easing US inflation point the way for the world?
It may be good news for the rest of the world if price increases in the US continue to slow.
I don't think you're correct about the US doing better than any other G20 country. Where did you hear that?
Inflation Rate - Countries - List | G20
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries part of G20. The table has current values for Inflation Rate, previous releases...
Looks like the US is doing pretty good on that list right there.
OldMedUser
Well-Known Member
I meant G7 but still better than most. All this inflation was brought about by interest rates being held down artificially leading to excess spending causing massive demand then a near shutdown of supply lines all over the world. A perfect storm.
The inflation rate is falling now since the fed is raising interest rates. It sounds good that inflation is at its lowest in 2 years but that's still over 3 times what it was when he took office and don't forget it hit record highs since the 80's under his administration.
OldMedUser
Well-Known Member
We're having the same problems here in Canada right now with the inflation rate creeping up even after a bunch of interest rate hikes. Same shit in Britain, Europe and all over the world.
Pushing too hard to force that inflation rate down is hurting a lot of people paying lots more on mortgages etc due to high interest but killing for the rich with lots of money to invest. As long as the rich are happy it should trickle down to us peons eventually, right?
Fogdog
Well-Known Member
I have no argument with the trends you complain about. I argue with the cause you ascribe them, to. After the threat of Covid became manageable, after the world's economies opened up, we went through a massive inflation cycle . Putin's war on Ukraine made it worse. The US's economy was wildly out of control when Trump left office and Biden's administration piloted to a nearly perfect landing.
You ran right over a very good summary in post 46 of this thread that disproved your assertion. Too bad for you that it made you look foolish, deal with that instead of repeating your foolish claim that "Biden did it". You even showed us statistics comparing US's to other G20 countries and is shows the opposite of what you claim. No, man. your argument is false and it's already been disproven. Inflation is an outcome of policies and events other than the ones that Biden took to get this economy back on track after Covid and address inflation.
biden doesnt control the entire world though everyones experiencing inflation every single countryWhen Biden took office the inflation rate was 1.4 and started rising instantly due to his policies starting on the first day.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024. The next inflation update is scheduled for release on November 13 at 8:30 a.m. ET...
i didnt realize biden controlled that for the entire world
Corporate greed and their excuse to use covid as a way to be greedy is the problem
PopAndSonGrows
Well-Known Member
Ticketed for going too slow??? You shouldn't admit that
cannabineer
Ursus marijanus
why not? It’s way better than too fast, which is the usual complaint.Ticketed for going too slow??? You shouldn't admit that
PopAndSonGrows
Well-Known Member
You'd think so, but they're both equally dangerous which is why they cited you
Just go the regular speed, gramps
lol jk
cannabineer
Ursus marijanus
going slower is not nearly as dangerous. 1/2 mv squaredYou'd think so, but they're both equally dangerous which is why they cited you
Just go the regular speed, gramps
PopAndSonGrows
Well-Known Member
Not gona keep spamming this already spammed up thread but plenty of viable sources beg to differ
shimbob
Well-Known Member
I got one of them insurance tracker gizmos on my car, it'll ding me if I do more than limit+7mph. On a recent trip up I-5 to Portland, I had everyone blowing past me because I couldn't drive with the flow. I hate this thing.
