dajo9 said:

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sycasey said:

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Wait, which wars did Obama "get us into?"

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Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

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Right, right. Even though Trump ordered more military strikes than Obama did. True 4-D chess going on there.

OdontoBear66 said:

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dajo9 said:

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OdontoBear66 said:

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Eastern Oregon Bear said:

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dajo9 said:

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sycasey said:

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Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.

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Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.

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Yes, that is why I vote for candidates who don't start wars (and in fact, get us out of wars like Afghanistan) and I vote for candidates who reduce deficits.

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I vote in the direction of not creating deficits in the first place. That involves controlling spending.

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I've got nothing to hide from my voting record. Here is my track record.
Voted for Clinton - reduced deficit
Voted against W - increased deficit
Voted for Obama - reduced deficit (Obamacare was the largest spending reduction bill in our lifetimes)
Voted against Trump - increased deficit
Voted for Biden - reduced deficit

sycasey said:

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oski003 said:

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dajo9 said:

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sycasey said:

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Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

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Biden didn't start the war in Ukraine, but he certainly got us into it.

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How many troops do we have fighting in Ukraine, again?

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A dozen or so, possibly more. UK has more. Poland even more so. We provide weaponry, training, intelligence, and money.

sycasey said:

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dajo9 said:

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sycasey said:

---

Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Right, right. Even though Trump ordered more military strikes than Obama did. True 4-D chess going on there.

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Is that true? In half the time? I'd like to see a reference for that.

oski003 said:

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sycasey said:

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oski003 said:

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dajo9 said:

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sycasey said:

---

Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Biden didn't start the war in Ukraine, but he certainly got us into it.

---

How many troops do we have fighting in Ukraine, again?

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A dozen or so, possibly more. UK has more. Poland even more so. We provide weaponry, training, intelligence, and money.

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Fighting in Ukraine? Advising and training is a different matter.

sycasey said:

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oski003 said:

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sycasey said:

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oski003 said:

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dajo9 said:

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sycasey said:

---

Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Biden didn't start the war in Ukraine, but he certainly got us into it.

---

How many troops do we have fighting in Ukraine, again?

---

A dozen or so, possibly more. UK has more. Poland even more so. We provide weaponry, training, intelligence, and money.

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Fighting in Ukraine? Advising and training is a different matter.

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Physically in Ukraine. I don't have a breakdown on how many troops are physically firing bullets at Russian soldiers and Ukrainian insurgents. Yes, Biden got us into the war in Ukraine and, yes, we are not officially physically fighting it with our own troops. It is a proxy war. We don't want World War 3.

dajo9 said:

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OdontoBear66 said:

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I vote in the direction of not creating deficits in the first place. That involves controlling spending.

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I've got nothing to hide from my voting record. Here is my track record.
Voted for Clinton - reduced deficit
Voted against W - increased deficit
Voted for Obama - reduced deficit (Obamacare was the largest spending reduction bill in our lifetimes)
Voted against Trump - increased deficit
Voted for Biden - reduced deficit

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Hilarious.

oski003 said:

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Yes, Biden got us into the war in Ukraine and, yes, we are not officially physically fighting it with our own troops.

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Oh.

To be a Republican today, at some point you just have to fully embrace Russian propaganda

sycasey said:

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oski003 said:

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Yes, Biden got us into the war in Ukraine and, yes, we are not officially physically fighting it with our own troops.

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Oh.

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Yw.

sycasey said:

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oski003 said:

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dajo9 said:

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sycasey said:

---

Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Biden didn't start the war in Ukraine, but he certainly got us into it.

---

How many troops do we have fighting in Ukraine, again?

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We are literally running this war, that much was made very clear by the recent release of classified documents. We have a few hundred military cadres and volunteers/mercs in Ukraine right now, along with thousands of others from NATO.

Quote:

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Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine.

---

The US intervened militarily in Syria a decade ago, during the Obama administration, and currently occupies one third of that country, with several military bases established. We are taking their oil and their cereal crops. Interestingly enough, ISIS and other jihadis happen to be in the third we occupy, along with the Idlib enclave in the northeast, patrolled and supplied by Turkey.

In Libya the war did not started organically, it started because we backed rebels, providing them with extensive military training, billions in weapons and military support including air cover. Without this active role, Libya would have still been a stable, wealthy country. Instead it has been a broken country that spiralled into a full scale humanitarian crisis, with warring factions and a large-scale ethnic cleansings of their black minorities, and a bona fide slave market.

In reality the Endless War agenda has been entirely bipartisan, it's stupid to polarize it in partisan terms. What's notable about Trump though is that he did push back against that, and resisted the neocons who wanted to bomb Iran. Note that these neocons were both in his administration, like Pompeo and Bolton, and in the Democratic camp as well (Clinton, Schumer, Blinken, S. Rice, Power etc).

The Rotten Alliance of Liberals and Neocons Will Likely Shape U.S. Foreign Policy for Years to Come
https://publicseminar.org/essays/the-rotten-alliance-of-liberals-and-neocons-will-likely-shape-u-s-foreign-policy-for-years-to-come-biden-kagan/

OdontoBear66 said:

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Eastern Oregon Bear said:

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dajo9 said:

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sycasey said:

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Wait, which wars did Obama "get us into?"

---

Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.

---

Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.

---

Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.

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Yes. I believe war should be avoided at all costs no matter who is our president. However, I'm not one of the people around here blaming Democrats for nearly every war worldwide over the last 50+ years. Please go find examples of me assigning political blame for wars. I don't do that (or at least I don't think I have). I do post occasional jabs at those who get ridiculous about it (movielover, Minot, Cal88, etc.)

"most inflation is now being driven by rent"

And rent is a lagging indicator in CPI because leases adjust more slowly than the spot rate

Encouraging sign: 5% (y/y) inflation in March. That's the lowest since May 2021.

Monthly inflation gain of +0.1% is also one of the lowest in recent months.

Most inflation is now being drive by rent. pic.twitter.com/6h5RPBK7lc

— Heather Long (@byHeatherLong) April 12, 2023

Ummmmm..... you ignored the fact that Core CPI was an annualized +5.6%
That's an INCREASE from February.

It's so good to know that the lower classes and POOR are doing "better" with inflation, according to the previous poster who has repeatedly made such a claim here in this forum. Really makes you wonder where he got his MBA from.

Never mind the FACT that even with grocery prices unexpectedly declining in March, they are still up 8.4% annually.
In January, they were up 10.2%

In March . . .

Breakfast cereal rose 2.4%
Bread and Beef prices both rose 0.4%

Restaurant prices increased 0.6%

Rents rose 0.5%

Rent up 8.8% over the last year.

Yup.
The Poor are doing "better" with INFLATION.

March CPI rose 5% as core inflation increased 5.6%. Live updates. (usatoday.com)

Fed needs to pause (though -0.9% in the tweet below is a typo. It is -0.2%). The key number being that if you exclude the lagged shelter numbers, YoY inflation is 2.9%).

Mostly good news on the CPI, headline was up only 0.1% and below expectations, while the core rate was in line with consensus at 0.4%.

The key for me is CPI ex Shelter, as shelter costs remain skewed by the CPI calculations. It was down -0.9% in March and only 2.9% Yr/Yr. pic.twitter.com/BowN0DYDrx

— MillStreetResearch (@MillStResearch) April 12, 2023

More "sunshine" pumping.
Who needs food and energy . . . or shelter?

The Dollar Store increased their prices 25%... but nothing to see.

Gas looks like it's kicking back up.

movielover said:

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The Dollar Store increased their prices 25%... but nothing to see.

Gas looks like it's kicking back up.

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When you dont have data use anecdotes. And still fail.

Dollar Store did that price change last year. Gas prices in the CPI report were down 5% in the month and 17% YoY.

Moderate inflation driven by outsized wage gains at the bottom would be a good thing. As the Covid stimulus inflation surge fades, we should be on guard against attempts to crush a labor market that is giving us wage compression (real wage gains at the bottom relative to the top). That is how you reduce wealth inequality and normalize interest rates.

Do not expect corporate news to give you this story and do not expect The Fed or Wall Street to be in favor of this story.

A tight labor market has led to record gains for workers at the bottom — even after inflation.

By contrast, it took until 2017 for the bottom half of Americans to climb back to pre-Great Recession levels of real income. @Morning_Joe pic.twitter.com/LzX8RVl1hT

— Steven Rattner (@SteveRattner) April 13, 2023

….and in other news….

America is not ready for retirement


https://www.axios.com/2023/04/15/retirement-savings-enough-401k-roth-stocks

bearister said:

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….and in other news….

America is not ready for retirement


https://www.axios.com/2023/04/15/retirement-savings-enough-401k-roth-stocks

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After a tumultuous year in the markets, America's preparedness for retirement has gotten shakier.
By the numbers: More than half 52% of Americans are not on track to comfortably pay for their retirement, according to a new report from Fidelity, the nation's largest provider of 401(k) plans.

• 401(k) accounts lost 23% of their value last year, compared with 2021, per another recent Fidelity report.
• And 55% of those between the ages of 18 and 35 have put retirement planning and saving on hold, Fidelity notes.

Between the lines: "Roughly half the workforce, we're talking 50 plus million people, work for an employer that doesn't offer a retirement plan," said David John, a senior policy adviser at AARP. That could mean a small business or gig work.

• And Millennials and Gen X-ers are far less likely to have traditional pensions than their Boomer counterparts, John said.

----------------------------------------------------------------------------------------------------------------

Nothing really surprising or new here.

Corporate America made an awful lot of employees "millionaires" by allowing "matching" into their retirement plans.
Those plans went the way of the dinosaur decades ago.

dajo9 said:

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Moderate inflation driven by outsized wage gains at the bottom would be a good thing.

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But that's not what is happening in the REAL WORLD.

Consumers see inflation RISING, not falling, in the coming 12 months. U of M's numbers out Friday showed an anticipated jump in inflation for the year ahead to 4.6% from 3.6% a month earlier.

The NY Fed's Consumer Survey found a similar rise in one-year inflation expectations, to 4.7% in March, from 4.2% a mknth earlier.

In May 2021, Yellen claimed that Biden's spending proposals wouldn't spark inflation.

When she was the Fed Chair, Yellen kept the U.S. at negative real rates and flirted w/negative nominal interest rates.

She's always been wrong. And failed upwards to our great detriment. https://t.co/O0hrP1dR5K

— Jeff Carlson (@themarketswork) April 20, 2023

Who are you kidding?

Trump's appointee Jerome Powell might just go down in history as the WORST FED CHAIRMAN ever.

The dude said that inflation was only "transient" and kept his foot on the accelerator.
He even abolished the 2% cap in August of 2021.

Then, he finally had a mea-culpa in Dec. of 2021 admitting that he was wrong about inflation being TRANSIENT
By then, the CPI was already at 7%

But.... the Fed kept buying Bonds and he didnt start to raise rates until March of 2022.

When he did raise rates, it was only 25 basis points.
He was literally pissing into the wind.

There isnt a day that goes by here where you PROVE TO ME THAT YOU HAVE NO CLUE what you're talking about.
All you do is spew the same talking points as the idiots on Faux News.

Just stop.
You're embarrassing yourself.

DiabloWags said:

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Who are you kidding?

Trump's appointee Jerome Powell might just go down in history as the WORST FED CHAIRMAN ever.

The dude said that inflation was only "transient" and kept his foot on the accelerator.
He even abolished the 2% cap in August of 2021.

Then, he finally had a mea-culpa in Dec. of 2021 admitting that he was wrong about inflation being TRANSIENT
By then, the CPI was already at 7%

But.... the Fed kept buying Bonds and he didnt start to raise rates until March of 2022.

When he did raise rates, it was only 25 basis points.
He was literally pissing into the wind.

There isnt a day that goes by here where you PROVE TO ME THAT YOU HAVE NO CLUE what you're talking about.
All you do is spew the same talking points as the idiots on Faux News.

Just stop.
You're embarrassing yourself.

---

Would a less SENILE president than Biden have appointed a different Federal Reserve Chairman instead of SELECTING Powell to serve FOUR MORE YEARS?

Why did the Orange Buffoon select Powell in the first place?

The Orange Fraud clearly had buyer's remorse as he repeatedly pissed ALL OVER Powell shortly after appointing him. Repeatedly CRAPPED on Powell for being too tight with monetary policy.

https://www.nbcnews.com/business/economy/trump-attacks-fed-chair-powell-s-horrendous-lack-vision-calls-n1043931

Trump has never had any problem Firing people.

Why didnt he FIRE POWELL?

movielover said:

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In May 2021, Yellen claimed that Biden's spending proposals wouldn't spark inflation.

When she was the Fed Chair, Yellen kept the U.S. at negative real rates and flirted w/negative nominal interest rates.

She's always been wrong. And failed upwards to our great detriment. https://t.co/O0hrP1dR5K

— Jeff Carlson (@themarketswork) April 20, 2023

---

When Yellen became Fed Chair, rates were 0% and QE was in progress. She raised rates above 1% (in line with inflation) and began QT.

Yellen is the opposite of what you've been told.

DiabloWags said:

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Why did the Orange Buffoon select Powell in the first place?

The Orange Fraud clearly had buyer's remorse as he repeatedly pissed ALL OVER Powell shortly after appointing him. Repeatedly CRAPPED on Powell for being too tight with monetary policy.

https://www.nbcnews.com/business/economy/trump-attacks-fed-chair-powell-s-horrendous-lack-vision-calls-n1043931

Trump has never had any problem Firing people.

Why didnt he FIRE POWELL?

---

Because the burden to FIRE FOR CAUSE is much HIGHER than actually affirmatively appointing someone who should have already been fired for cause. The latter takes a truly SPECIAL case of STUPIDITY and POOR governance.

HAHAHAHAHAHAHA!!!!!!

You ok bro?

You sound like youre losing it with all the CAPS LOCK.

Find another "friend" on the internet tonight.
Im busy watching the Warriors.

So you didn't like 2% inflation during Trump's tenure?

movielover said:

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So you didn't like 2% inflation during Trump's tenure?

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We didn't like the 10% unemployment under Trump, which is why he began the spending spree that caused inflation

dajo9 said:

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movielover said:

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So you didn't like 2% inflation during Trump's tenure?

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We didn't like the 10% unemployment under Trump, which is why he began the spending spree that caused inflation

---

.
Yes, the spending spree started under Trump to combat covid shutting down the economy. Biden continued it, despite the reopening.

oski003 said:

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dajo9 said:

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movielover said:

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So you didn't like 2% inflation during Trump's tenure?

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We didn't like the 10% unemployment under Trump, which is why he began the spending spree that caused inflation

---

.
Yes, the spending spree started under Trump to combat covid shutting down the economy. Biden continued it, despite the reopening.

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Yes, the consensus was to continue. Trump said Biden's covid stimulus was too small. The stimulus was too much but still better than massive unemployment.

Hindsight is 20/20 but I think it is clear from the surge in bank deposits that are only now being reduced that all the stimulus plans were too large but that kind of economic targeting is nearly impossible in real time.

dajo9 said:

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Hingsight is 20/20 but I think it is clear from the surge in deposits that are only now being reduced that all the stimulus plans were too large but that kind of economic targeting is nearly impossible in real time.

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Larry Summers was able to predict it in real-time.
But you dont like him.




MARCH 19, 2021

dajo9 said:

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oski003 said:

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dajo9 said:

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movielover said:

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So you didn't like 2% inflation during Trump's tenure?

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We didn't like the 10% unemployment under Trump, which is why he began the spending spree that caused inflation

---

.
Yes, the spending spree started under Trump to combat covid shutting down the economy. Biden continued it, despite the reopening.

---

Yes, the consensus was to continue. Trump said Biden's covid stimulus was too small. The stimulus was too much but still better than massive unemployment.

Hingsight is 20/20 but I think it is clear from the surge in deposits that are only now being reduced that all the stimulus plans were too large but that kind of economic targeting is nearly impossible in real time.

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The consensus was for $6 Trillion in additional spending?