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Message
re: CNBC: Fed again approves 0.75-point hike in response to rapid inflation
Posted on 11/2/22 at 3:28 pm to Ghost of Colby
Posted on 11/2/22 at 3:28 pm to Ghost of Colby
quote:
Huh? Are you claiming the supply chain is causing inflation?
Yes that poster is
Not the brightest thats for sure
0
Posted on 11/2/22 at 3:29 pm to whatiknowsofar
quote:
Does everyone itt also realize we're also under trumps tax plan still too?
Thank God for that. We'd be double screwed if that wasn't the case.
Posted on 11/2/22 at 3:29 pm to bad93ex
quote:
It surely isn't gaslighting people into thinking inflation is good for them.
I mean sure, but I hear a lot of whining about it, snickering at the spin, and even some pre-emptive victory laps about how thermostatic voters will hopefully punish Democrats for inflation, but what I haven't heard much of is what supposed solution conservatives have on offer to fix things? And what backs up their claims, if any?
I mean take the UK. Conservatives have gotten everything they want recently: Super majorities, Brexit, and in control of the economic levers of the country. How has that faired? They have higher inflation currently than America.
This post was edited on 11/2/22 at 3:33 pm
Posted on 11/2/22 at 3:32 pm to Bronc
quote:
what I haven't heard much of is what supposed solution conservatives have on offer to fix things? And what backs up their claims, if any?
Not threaten to shut down “fossil fuels” while simultaneously begging OPEC to drill more?
Posted on 11/2/22 at 3:35 pm to member12
leftists out there lock-step claiming price gouging by corporations is the culprit behind inflation.
Labor costs up
material costs up
Freight up
Utilities up
rent up
interest up
taxes up
fuel up
office supplies up
and so on...
These dipshits really just think companies should eat all these costs to maintain a selling price, even if it means losing money.
Labor costs up
material costs up
Freight up
Utilities up
rent up
interest up
taxes up
fuel up
office supplies up
and so on...
These dipshits really just think companies should eat all these costs to maintain a selling price, even if it means losing money.
Posted on 11/2/22 at 3:37 pm to Bronc
quote:
I mean sure, but I hear a lot of whining about it, snickering at the spin, and even some pre-emptive victory laps about how thermostatic voters will hopefully punish Democrats for inflation, but what I haven't heard much of is what supposed solution conservatives have on offer to fix things? And what backs up their claims, if any?
Gosh, where have we heard this excuse before.
Oh yeah, I remember.
"Yeah, we lied about Obamacare and what would happen. We knew it would screw everyone over, but that's what we do. Now, what is the plan to fix our latest frick up?"
Posted on 11/2/22 at 3:38 pm to concrete_tiger
quote:
These dipshits really just think companies should eat all these costs to maintain a selling price, even if it means losing money.
Anyone have the clip of Raggedy Ann being dumbfounded when asked if she thought companies would pass on their added costs to consumer?
Posted on 11/2/22 at 3:38 pm to bad93ex
quote:
Not threaten to shut down “fossil fuels” while simultaneously begging OPEC to drill more?
So the plan is to say nice things to fossil fuel companies, ok
Not sure that is going to stop OPEC from artificially constraining the market or fix the Russia/Ukraine war. All of which is only one aspect of this whole thing. We still have run away food prices, droughts, global supply chain constraints, housing shortages, China shutting down everything the moment they find one covid case, the chip manufacturing shortage, labor shortages in key industries domestically and internationally etc.
This post was edited on 11/2/22 at 3:40 pm
Posted on 11/2/22 at 3:38 pm to concrete_tiger
You know what didn't help?
Mandatory shut downs and social distancing at day cares and schools in places like Michigan and Illinois.
Every manufacturer or distributor (of which there are a shite load of) in those states had major issues keeping a full staff throughout 2020 and 2021. Every time their kid is in the room with someone that tested positive, they had to go home for a mandatory 14 days - which means their working parents had to take time off.
A lot of companies were almost never working with a full staff for those 2 years. Which means parts shortage, driver shortages, labor shortages, and supply chain frick ups. Which contributes to a shortage of supply of consumer goods. Which contributes to higher consumer prices.
Then we had some jerks in Washington openly fight the oil and gas industry from day one. This should be our moment to profit from turmoil in Europe - but we can barely supply energy to ourselves right now. Another missed opportunity and another example when stupid policy leads to pain among consumers and taxpayers.
Mandatory shut downs and social distancing at day cares and schools in places like Michigan and Illinois.
Every manufacturer or distributor (of which there are a shite load of) in those states had major issues keeping a full staff throughout 2020 and 2021. Every time their kid is in the room with someone that tested positive, they had to go home for a mandatory 14 days - which means their working parents had to take time off.
A lot of companies were almost never working with a full staff for those 2 years. Which means parts shortage, driver shortages, labor shortages, and supply chain frick ups. Which contributes to a shortage of supply of consumer goods. Which contributes to higher consumer prices.
Then we had some jerks in Washington openly fight the oil and gas industry from day one. This should be our moment to profit from turmoil in Europe - but we can barely supply energy to ourselves right now. Another missed opportunity and another example when stupid policy leads to pain among consumers and taxpayers.
This post was edited on 11/2/22 at 3:41 pm
Posted on 11/2/22 at 3:39 pm to bad93ex
quote:
Not threaten to shut down “fossil fuels” while simultaneously begging OPEC to drill more?
So the conservative solution to stop global inflation is to promote more oil production in the world's leading oil producing country?
Posted on 11/2/22 at 3:41 pm to hubertcumberdale
quote:
So the conservative solution to stop global inflation is to promote more oil production in the world's leading oil producing country?
You don't think the price of energy is driving prices up across the world?
Posted on 11/2/22 at 3:42 pm to bad93ex
quote:
You don't think the price of energy is driving prices up across the world?
The US is solely responsible for global energy prices?
Posted on 11/2/22 at 3:43 pm to Bronc
What’s your leftist solution? You keep asking for a conservative solution. Why not offer one from your perspective?
Posted on 11/2/22 at 3:43 pm to whatiknowsofar
quote:
Who was President in 2020 when things shut down and rates plummeted? Who was the first president to sign off on the free money everyone is bitching about?
Posted on 11/2/22 at 3:44 pm to Uncle JackD
quote:Exact same for me. Win!!
My 2% 15 yr mortgage says otherwise
Wife nonstop asking me nowadays to move soon. Not a win...but we ain't moving, so back to a win.
Posted on 11/2/22 at 3:45 pm to bad93ex
quote:
You don't think the price of energy is driving prices up across the world?
I'm still trying to get from how being publicly nicer to domestic oil companies solves inflation for America though?
Posted on 11/2/22 at 3:45 pm to bad93ex
quote:He asked you what it is, not what it isn't.
It surely isn't gaslighting people into thinking inflation is good for them.
Posted on 11/2/22 at 3:46 pm to member12
quote:
Fed again approves 0.75-point hike in response to rapid inflation
Bidens* America
Posted on 11/2/22 at 3:48 pm to MrLSU
quote:
Biden's hard-line stance on getting rid of fossil fuels overnight what is causing this inflation.
He is doing a great job on that front. Latest rumors around my firm are that we are looking at 250% of target for bonuses.
Posted on 11/2/22 at 3:51 pm to hubertcumberdale
quote:
the US is solely responsible for global energy prices?
Not 100% but we are the largest producer right?
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