US Inflation - it could be worse

155,582 Views | 1312 Replies | Last: 2 yr ago by movielover
AunBear89
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And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.
oski003
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AunBear89 said:

And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.


I defend policies, not parties. You seem highly partisan as you try to put people in political boxes. You can do better.
dajo9
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oski003 said:

AunBear89 said:

And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.


I defend policies, not parties. You seem highly partisan as you try to put people in political boxes. You can do better.
What is this conservative obsession with pretending to be an open minded moderate?
dimitrig
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dajo9 said:

oski003 said:

AunBear89 said:

And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.


I defend policies, not parties. You seem highly partisan as you try to put people in political boxes. You can do better.
What is this conservative obsession with pretending to be an open minded moderate?


It is because even most conservatives are embarrassed of their own party
movielover
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oski003 said:

AunBear89 said:

And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.


I defend policies, not parties. You seem highly partisan as you try to put people in political boxes. You can do better.


President Trump pushed hard to bring back manufacturing, and close the China back door importation through Canada / elsewhere with USMCA. Additionally, Canada played politics and AMLO moved swiftly, so Mexico may become an even bigger player. USMCA wage requirements may help create a middle class in Mexico.

I was watching a YT podcaster who claimed China overestimated their population by 300 million and the dire repercussions. He then made some digs at "Orange Man", but remarked that USMCA was a brilliant and timely move that will benefit both countries for decades.
movielover
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Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.

As an outsider, President Trump faced intense backlash, just like Ross Perot and the Tea Party.
sycasey
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movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
OdontoBear66
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sycasey said:

movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
So, same applies to the Dem Party. If one is moderate and is totally against progressivism, they most ofter vote Dem, even if a Progressive candidate. Similarly, if one is progressive, and the candidate is moderate, they also still vote Dem.

So what's the difference? People basically either believe in more government intervention in their lives or less, and vote that way. The labels and names related that are thrown back and forth from both sides tend to be ugly.
concordtom
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movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.

As an outsider, President Trump faced intense backlash, just like Ross Perot and the Tea Party.


The trump era is unlike any other. His skew from others in the party isn't just a debate about taxation, military or abortion laws.

Trump was a threat to the very basis of the UNITED states because he sought to rule through denigration, division and ultimately through an overthrow of an election through lawless coercion and violence.

So, for me, it's not okay to try and compare him to any prior period of politics.

You know what the punishment for Treason is!
dajo9
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movielover said:

oski003 said:

AunBear89 said:

And yet the party you so slavishly defend, and the candidates you presumably support and vote for, feel otherwise. Republicans feel it is more important to pass legislation and deregulation in order to maximize profits for their constituents: corporate donors.


I defend policies, not parties. You seem highly partisan as you try to put people in political boxes. You can do better.


President Trump pushed hard to bring back manufacturing, and close the China back door importation through Canada / elsewhere with USMCA. Additionally, Canada played politics and AMLO moved swiftly, so Mexico may become an even bigger player. USMCA wage requirements may help create a middle class in Mexico.

I was watching a YT podcaster who claimed China overestimated their population by 300 million and the dire repercussions. He then made some digs at "Orange Man", but remarked that USMCA was a brilliant and timely move that will benefit both countries for decades.


Trump fiddled at the margins and Magats like you try to pretend he did something meaningful. Trump didn't do anything except give the rich a big tax break and cut important regulations for big business
sycasey
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OdontoBear66 said:

sycasey said:

movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
So, same applies to the Dem Party. If one is moderate and is totally against progressivism, they most ofter vote Dem, even if a Progressive candidate. Similarly, if one is progressive, and the candidate is moderate, they also still vote Dem.


Very true. I almost always voted Dem (in general elections) despite not having a party affiliation for a long time. Which is why a little while ago I decided to stop kidding myself and just register as one.
MinotStateBeav
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sycasey said:

OdontoBear66 said:

sycasey said:

movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
So, same applies to the Dem Party. If one is moderate and is totally against progressivism, they most ofter vote Dem, even if a Progressive candidate. Similarly, if one is progressive, and the candidate is moderate, they also still vote Dem.


Very true. I almost always voted Dem (in general elections) despite not having a party affiliation for a long time. Which is why a little while ago I decided to stop kidding myself and just register as one.
I can see how it would have been confusing seeing as the Dems of today are no different than an 80s/90s neocon.
dajo9
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MinotStateBeav said:

sycasey said:

OdontoBear66 said:

sycasey said:

movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
So, same applies to the Dem Party. If one is moderate and is totally against progressivism, they most ofter vote Dem, even if a Progressive candidate. Similarly, if one is progressive, and the candidate is moderate, they also still vote Dem.


Very true. I almost always voted Dem (in general elections) despite not having a party affiliation for a long time. Which is why a little while ago I decided to stop kidding myself and just register as one.
I can see how it would have been confusing seeing as the Dems of today are no different than an 80s/90s neocon.


I thought we were communists now
sycasey
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MinotStateBeav said:

sycasey said:

OdontoBear66 said:

sycasey said:

movielover said:

Many Conservatives don't align with the GOP, the Wall Street RINOs, Mittens Romney or self-professed Latino Jeb Bush. Many believe there really is just one party, the UniParty. Which is why these massive omnibus bills pass, no formal budgets passed in years, faceless lobbyists writing legislation and endless, senseless wars in countries with no vital connection to the US.
Yeah, but if they vote Republican 90% of the time then they are Republicans.
So, same applies to the Dem Party. If one is moderate and is totally against progressivism, they most ofter vote Dem, even if a Progressive candidate. Similarly, if one is progressive, and the candidate is moderate, they also still vote Dem.


Very true. I almost always voted Dem (in general elections) despite not having a party affiliation for a long time. Which is why a little while ago I decided to stop kidding myself and just register as one.
I can see how it would have been confusing seeing as the Dems of today are no different than an 80s/90s neocon.
going4roses
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How (are) you gonna win when you ain’t right within…
MinotStateBeav
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going4roses said:


He voted for the increased defense budget. Helluva choice
movielover
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If someone drops out of high school, is functionally illiterate, and gets stoned 3x a day and has tattoos, is it our job to subsidize this behavior?

I do have sympathy for blue collar trades hammered by 30 million (or more) illegal immigrants.
dimitrig
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movielover said:

If someone drops out of high school, is functionally illiterate, and gets stoned 3x a day and has tattoos, is it our job to subsidize this behavior?

I do have sympathy for blue collar trades hammered by 30 million (or more) illegal immigrants.


We already subsidize those red state people.

Should we stop?
dajo9
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In this bout of inflation, the wealthier you are, the worse you are impacted. The poorer you are, the better you have fared. The wealthy scream that inflation hurts the poor the most but that hasn't been true in this inflation episode because of rising wages at the bottom. Once again, the wealthy are looking out for themselves.

going4roses
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MinotStateBeav said:

going4roses said:


He voted for the increased defense budget. Helluva choice



Nobody is perfect
How (are) you gonna win when you ain’t right within…
movielover
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The Deep State Democrats also worked to neutralize him. But hey, he got a second vacation home out of it. (Three homes, not bad.)
Cal88
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dajo9 said:

In this bout of inflation, the wealthier you are, the worse you are impacted. The poorer you are, the better you have fared. The wealthy scream that inflation hurts the poor the most but that hasn't been true in this inflation episode because of rising wages at the bottom. Once again, the wealthy are looking out for themselves.



I seriously doubt that salaries at the bottom outstripped inflation. Rents, food, healthcare have gone up considerably. People whose salaries went up from $8-$9 to $12 aren't in better shape today, or better able to weather inflation than people with higher incomes.



https://www.bloomberg.com/news/articles/2022-09-13/biggest-jump-in-us-rents-since-1991-keeps-overall-inflation-high?leadSource=uverify%20wall
dajo9
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Cal88 said:

dajo9 said:

In this bout of inflation, the wealthier you are, the worse you are impacted. The poorer you are, the better you have fared. The wealthy scream that inflation hurts the poor the most but that hasn't been true in this inflation episode because of rising wages at the bottom. Once again, the wealthy are looking out for themselves.



I seriously doubt that salaries at the bottom outstripped inflation. Rents, food, healthcare have gone up considerably. People whose salaries went up from $8-$9 to $12 aren't in better shape today, or better able to weather inflation than people with higher incomes.



https://www.bloomberg.com/news/articles/2022-09-13/biggest-jump-in-us-rents-since-1991-keeps-overall-inflation-high?leadSource=uverify%20wall



I provided relevant data to my point. You cherrypicked a data point and expressed an opinion and added a point that nobody would dispute.
movielover
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I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.
dajo9
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movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.


You believe wrong and you and everyone that starred your post that isn't a puppet account of yours is too much of a moron to talk economics
DiabloWags
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movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.
"Cults don't end well. They really don't."
DiabloWags
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dajo9 said:

In this bout of inflation, the wealthier you are, the worse you are impacted. The poorer you are, the better you have fared. The wealthy scream that inflation hurts the poor the most but that hasn't been true in this inflation episode because of rising wages at the bottom. Once again, the wealthy are looking out for themselves.


dajo said:

The damage being done by inflation has been overstated by the elites, the financial community, and corporate news from the beginning. The lower your income the better you have done in this inflationary cycle.

Unfortunately, you've repeatedly made the above erroneous claims which have no basis in fact.
Your understanding of the impact of inflation and how it is measured is terribly flawed.

It's true that over the last 12 months, the lowest-income workers have seen their median wages increase an average of 6.1%

But much of those gains have been eaten up by inflation, given that Core CPI in February was 5.3%

Every MBA that I know understands that Core CPI excludes volatile items such as FOOD & ENERGY.

As a result, the middle and lower classes (many of whom commute long distances, are highly captive to fuel costs, and dont have the luxury of working from home) are NOT doing better in this inflationary cycle, as you have repeatedly claimed. Add back surging food prices, and it's pretty obvious that the poorer classes are not doing "better".

The data in this regard is overwhelming.



"Cults don't end well. They really don't."
dajo9
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DiabloWags said:

movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.

Why are you lying about this?
DiabloWags
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dajo9 said:

DiabloWags said:

movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.

Why are you lying about this?

Funny.

You show no fundamental understanding of how inflation is calculated and how it impacts the poorer classes.
But according to you and your MBA, I'm lying.
"Cults don't end well. They really don't."
dajo9
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DiabloWags said:

dajo9 said:

DiabloWags said:

movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.

Why are you lying about this?

Funny.

You show no fundamental understanding of how inflation is calculated and how it impacts the poorer classes.
But according to you and your MBA, I'm lying.



You have repeatedly conflated CPI with Core CPI (and even Core Core CPI) to disingenuously try to argue a point. Unlike movielover, I know you know the difference, so yes, you are lying.
DiabloWags
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dajo9 said:

DiabloWags said:

dajo9 said:

DiabloWags said:

movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.

Why are you lying about this?

Funny.

You show no fundamental understanding of how inflation is calculated and how it impacts the poorer classes.
But according to you and your MBA, I'm lying.



You have repeatedly conflated CPI with Core CPI (and even Core Core CPI) to disingenuously try to argue a point. Unlike movielover, I know you know the difference, so yes, you are lying.

Another false claim.
I clearly referenced CORE CPI in my two previous posts.

The effects of inflation not only are greater, but disproportionately greater, for poorer people.
This is a FACT.

Those with higher incomes often offset price increases (goods, services) with increased income. Furthermore, prices often increase more for basic needs than for luxury items, a phenomenon economists call "inflation inequality."

Simply put, low-income families' budgets will stress and strain as they confront the coming rising costs of the essentials they need (food, energy, transport, child care).

The claim that the "lower your income the better you have done in this inflationary cycle" is terribly bogus.
It is not supported by any factual data.

Inflation Disproportionately Hurts the Poor - WSJ

"Cults don't end well. They really don't."
dajo9
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DiabloWags said:

dajo9 said:

DiabloWags said:

dajo9 said:

DiabloWags said:

movielover said:

I believe the standard inflation calculation leaves out food and energy costs. Those two significantly impact the middle and lower classes.

You are correct.
That is why Dajo's claim that the middle and lower classes have done "better" with inflation is terribly erroneous.

Why are you lying about this?

Funny.

You show no fundamental understanding of how inflation is calculated and how it impacts the poorer classes.
But according to you and your MBA, I'm lying.



You have repeatedly conflated CPI with Core CPI (and even Core Core CPI) to disingenuously try to argue a point. Unlike movielover, I know you know the difference, so yes, you are lying.

Another false claim.
I clearly referenced CORE CPI in my two previous posts.

The effects of inflation not only are greater, but disproportionately greater, for poorer people.
This is a FACT.

Those with higher incomes often offset price increases (goods, services) with increased income. Furthermore, prices often increase more for basic needs than for luxury items, a phenomenon economists call "inflation inequality."

Simply put, low-income families' budgets will stress and strain as they confront the coming rising costs of the essentials they need (food, energy, transport, child care).

You aren't fooling anybody. You are on record here complaining about high taxes for the rich and that taxes should be raised on the middle class.
DiabloWags
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dajo9 said:



You aren't fooling anybody. You are on record here complaining about high taxes for the rich and that taxes should be raised on the middle class.

As usual, you are now deflecting.

Instead of admitting that you are terribly wrong about the poorer classes doing "better" with inflation.
You deflect with more erroneous claims . . . such as saying that I support higher taxes on the middle class.
Sorry, but you arent fooling anyone here with your ability to conflate.
"Cults don't end well. They really don't."
DiabloWags
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Dajo, feel free to post the calculation that shows that the poorer classes are doing "better" with inflation.

Go ahead and post their wage gains vs inflation gains over the past 12 months.

I'm sure people here would like to see "your" math.

"Cults don't end well. They really don't."
dajo9
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DiabloWags said:


Dajo, feel free to post the calculation that shows that the poorer classes are doing "better" with inflation.

Go ahead and post their wage gains vs inflation gains over the past 12 months.

I'm sure people here would like to see "your" math.


Honestly, you have been deflecting since I called you out on your lie about what is included in inflation. No data. No relevant facts. I think I may have overestimated you and I should lump you in with movielover.

If you want the data I am looking at, just look higher on this thread page.

Or look at the previous page on this thread:
https://bearinsider.com/forums/6/topics/108015/replies/2147763

If you want to be reminded of your call to raise taxes on the middle class - just look here:
https://bearinsider.com/forums/6/topics/113773/replies/2144885

Quote:

It's pretty obvious that the MIDDLE CLASS will wind up seeing their taxes go up since the tax burden on the bottom 50% is literally zero.
 
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