SmaptyWolf said:caryking said:3% on a severely inflated 3 prior years. Take a price, on dang near anything, when Trump left office, and compare it to today. That is the story that people are living. They are not living today's inflation rate. It's the compounded amount of inflation.Oldsouljer said:By what metric is inflation "down"? The rate of inflation is still going strong circa 3% and it's precisely for that reason that the Fed is holding the line on rate cuts. And that's on top of all the inflation that has been baked in since the seven trillion dollar money creation event of 2020.Civilized said:PackProwl63 said:
So VP Walz misspoke but CNN says Trump lied when he said Biden left 85 Billion worth of equipment overseas and it was 83 Billion Humm! Ok for Democrats to lie and misspeak but not Republicans. You foolish democrats enjoy your socialist/communist country when Harris wins and they end the Republic and make us a wicked democracy! When the inflation goes up 200% overnight enjoy it you fools!!
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Catastrophize much?
Why would inflation go up consequentially if Harris gets elected, when Harris' policies will closely emulate Biden's and inflation has been going down for over 2 years?
I think Trump is a colossal moron but even I don't portend of the end of the Union if he's President the next four years. If he is, we'll just have some **** to fix after that.
Since you guys are clearly experts on inflation, enough to be vocally outraged about it, maybe you could tell us how much wages have gone up over the last three years?
And then maybe tell us how we survived hamburgers no longer costing a nickel. And then maybe explain what our target inflation rate is and why many economists believe is should be closer to 3% anyway. And then for good measure explain to everyone how "deflation" can actually be more damaging than inflation, which is why we have a target inflation rate in the first place.
My wife had a step increase for years of employment. A set percentage her union negotiated about 5 years ago. It has not increased in the same pace as inflation. My disability is based on CPI-W. And if they used today's cpi-w rate to determine the cola increase for next year. It is 2.9% even though inflation is what 3.2% or somewhere around there? So my "pay" is also not keeping up with inflation.