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» Biden blames corporations for inflation
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post 1694035743 11-28-2023, 05:10 AM
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Biden blames corporations for inflation

LOL


‘Stop the price-gouging’: Biden hits corporations over high consumer costs

President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate of inflation has slowed and some shipping costs have fallen.

“Any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt, it’s time to stop the price-gouging,” Biden said at the launch of a new White House supply chain initiative. “Give the American consumer a break.”

https://www.cnbc.com/2023/11/27/whit...mics-wins.html
post 1694035973 11-28-2023, 05:17 AM
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Remember when he blamed the gas station owners for high gas prices?
President Biden
@POTUS
My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.

Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.


Or when he blamed Putin for it..?
Biden says 'Putin's tax on both food and gas' is to blame for record-high inflation

President Biden said the United States "has never seen anything like Putin’s tax on both food and gas," after the Labor Department announced Friday that inflation hit a new four-decade high in May.


https://www.foxbusiness.com/politics...-both-food-gas
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1694037743 11-28-2023, 06:09 AM
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So then what is the actual cause, forget Biden.....econ graduate students?

Stay focused, are costs to produce items that much higher post covid..or are they price gouging?

Is it both?

We finally have a great topic here that no one has been able to explain with facts .
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
post 1694038173 11-28-2023, 06:17 AM
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Originally Posted By x-trainer
So then what is the actual cause,forget Biden.....ecom graduate students?

Stay focused, are costs to produce items that much higher post covid..or are they price gouging?

Is it both?

We finally have a great topic here that no one has been able to explain with facts .
No Benny, I know that criticizing Potato Joe hurts your feelings, but we won't "forget" him. You know how this game is played ffs.



No grow TF up and admit your boy is a colossal disaster.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1694038823 11-28-2023, 06:30 AM
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damnit big corporations for setting the Fed rates, damn them
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post 1694038843 11-28-2023, 06:30 AM
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Originally Posted By Bushmaster
No Benny, I know that criticizing Potato Joe hurts your feelings, but we won't "forget" him. You know how this game is played ffs.



No grow TF up and admit your boy is a colossal disaster.
INB4 next excuses...
Hey Timmy, show us on the boy doll where the tampon goes...
post 1694041093 11-28-2023, 07:25 AM
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Dam..... it only took you 1 post to not answer the economic question.
A new world Olympic record for ya.
Well done.



Originally Posted By Bushmaster
No Benny, I know that criticizing Potato Joe hurts your feelings, but we won't "forget" him. You know how this game is played ffs.



No grow TF up and admit your boy is a colossal disaster.
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
post 1694041123 11-28-2023, 07:25 AM
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Originally Posted By x-trainer
So then what is the actual cause, forget Biden.....econ graduate students?

Stay focused, are costs to produce items that much higher post covid..or are they price gouging?

Is it both?

We finally have a great topic here that no one has been able to explain with facts .
post 1694042143 11-28-2023, 07:48 AM
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Originally Posted By x-trainer
Dam..... it only took you 1 post to not answer the economic question.
A new world Olympic record for ya.
Well done.
You know your cute little meme is completely invalidated when the first false "accomplishment" on there is once again trying to take credit for jobs created when all it was were people returning to their original gigs they had before the pandemic, right?

A few other points:

-You don't get to claim about "reducing" inflation when you tried to say you had no control over it when it was skyrocketing (same with gas prices, both of which are still higher than they were under Trump)
-"Defending" Ukraine? You mean just sending them endless American taxpayer dollars rather than defending our own borders?
-The retreat from Afghanistan was nothing short of an unmitigated disaster that even Biden PR outlets like CNN and MSDNC had to call out
-Rejoining the Paris Climate Accord which does literally nothing to change weather patterns that have existed since the beginning of time and only wastes money?
-The "Inflation Reduction Act" has done literally nothing of the sort.
-Confirming federal judges is some kind of an accomplishment?
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

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post 1694042223 11-28-2023, 07:50 AM
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Originally Posted By greenleaf
LOL


‘Stop the price-gouging’: Biden hits corporations over high consumer costs

President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate of inflation has slowed and some shipping costs have fallen.

“Any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt, it’s time to stop the price-gouging,” Biden said at the launch of a new White House supply chain initiative. “Give the American consumer a break.”

https://www.cnbc.com/2023/11/27/whit...mics-wins.html
Remember when Biden tried to say that skyrocketing gas prices (which are 100% his fault) was just because gas station owners were greedy? Lmao.
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

- PJ O'Rourke
post 1694042853 11-28-2023, 08:01 AM
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Originally Posted By x-trainer
So then what is the actual cause, forget Biden.....econ graduate students?

Stay focused, are costs to produce items that much higher post covid..or are they price gouging?

Is it both?

We finally have a great topic here that no one has been able to explain with facts .
Money supply shot up rapidly. This devalues all dollars in circulation.

Your dollar is now worth a fraction of what it was. Which means it buys significantly less.

This is pretty basic stuff.
post 1694050053 11-28-2023, 10:09 AM
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[QUOTE=AlfBundy;1694041123][
/QUOTE]

Can you explain how Biden signing a law doubled inflation in less than 3 months?

I can't wait to hear the explanation.
post 1694050113 11-28-2023, 10:11 AM
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Originally Posted By AlfBundy
Look at a graph of every developed countries' inflation and you'll see the same spike in 2021. Are you suggesting the American Rescue Plan somehow affected the entire world? Wasn't the ARP in response to rising inflation, rather than the cause of it?
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post 1694050133 11-28-2023, 10:11 AM
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Originally Posted By fitnessislife
You know your cute little meme is completely invalidated when the first false "accomplishment" on there is once again trying to take credit for jobs created when all it was were people returning to their original gigs they had before the pandemic, right?

A few other points:

-You don't get to claim about "reducing" inflation when you tried to say you had no control over it when it was skyrocketing (same with gas prices, both of which are still higher than they were under Trump)
-"Defending" Ukraine? You mean just sending them endless American taxpayer dollars rather than defending our own borders?
-The retreat from Afghanistan was nothing short of an unmitigated disaster that even Biden PR outlets like CNN and MSDNC had to call out
-Rejoining the Paris Climate Accord which does literally nothing to change weather patterns that have existed since the beginning of time and only wastes money?
-The "Inflation Reduction Act" has done literally nothing of the sort.
-Confirming federal judges is some kind of an accomplishment?
Just so we're clear, you DON'T give Biden credit for jobs that came back under his watch but you DO blame Biden for inflation that was 100% caused by the reckless spending and $8T addition to the debt of the prior administration.

I used to wonder why some smart folks referred to you morons as cultist.

I wonder no longer.
post 1694050243 11-28-2023, 10:15 AM
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Originally Posted By Bushmaster
No Benny, I know that criticizing Potato Joe hurts your feelings, but we won't "forget" him. You know how this game is played ffs.



No grow TF up and admit your boy is a colossal disaster.
Christ, he is beyond cringe nowadays, I mean, in the past he used to be funny, but now it's just Wincel like sad.......
post 1694050293 11-28-2023, 10:16 AM
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Originally Posted By GenXTrumpFan
Just so we're clear, you DON'T give Biden credit for jobs that came back under his watch but you DO blame Biden for inflation that was 100% caused by the reckless spending and $8T addition to the debt of the prior administration.

I used to wonder why some smart folks referred to you morons as cultist.

I wonder no longer.
Hey **** bag, you....... Are....... No....... Longer. ...... Banned.
post 1694050393 11-28-2023, 10:18 AM
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Originally Posted By fitnessislife
You know your cute little meme is completely invalidated when the first false "accomplishment" on there is once again trying to take credit for jobs created when all it was were people returning to their original gigs they had before the pandemic, right?

A few other points:

-You don't get to claim about "reducing" inflation when you tried to say you had no control over it when it was skyrocketing (same with gas prices, both of which are still higher than they were under Trump)
-"Defending" Ukraine? You mean just sending them endless American taxpayer dollars rather than defending our own borders?
-The retreat from Afghanistan was nothing short of an unmitigated disaster that even Biden PR outlets like CNN and MSDNC had to call out
-Rejoining the Paris Climate Accord which does literally nothing to change weather patterns that have existed since the beginning of time and only wastes money?
-The "Inflation Reduction Act" has done literally nothing of the sort.
-Confirming federal judges is some kind of an accomplishment?
When they claim that he "created" jobs, why can't they ever explain what jobs he created?
post 1694050693 11-28-2023, 10:23 AM
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politicians are great at ignoring the things they can do something about in order to blame the things they can't do something about. if you were to rank the problems, corporate price gouging probably makes the top 10 but isn't the most significant. until the cost of housing is addressed through legislation that prevents banks/private investment companies from buying up family homes there shouldn't even be consideration for a second thing to look at.
post 1694050783 11-28-2023, 10:24 AM
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Originally Posted By GenXTrumpFan
Just so we're clear, you DON'T give Biden credit for jobs that came back under his watch
No, and neither does anyone else with an IQ above room temperature.
Originally Posted By GenXTrumpFan
but you DO blame Biden for inflation
Yes, the inflation that continues to affect America and only started rising after he took over is his fault.

Remember how you mental midgets used to bleat that literally anything bad that happened in the country from January of 2017 to 2021 was ultimately Trump's fault since he was the one in charge? Is that (D)ifferent now?
Originally Posted By GenXTrumpFan
100% caused by the reckless spending and $8T addition to the debt of the prior administration.
Lol. You're not allowed to cry about "reckless spending" when this current illegitimate regime has sent a blank check to Ukraine.
Originally Posted By GenXTrumpFan
I used to wonder why some smart folks referred to you morons as cultist.

I wonder no longer.
Still haven't figured out how to log back into your original user name, old man Sillie?
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demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

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post 1694053143 11-28-2023, 11:07 AM
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Originally Posted By fitnessislife
No, and neither does anyone else with an IQ above room temperature.



Yes, the inflation that continues to affect America and only started rising after he took over is his fault.

Remember how you mental midgets used to bleat that literally anything bad that happened in the country from January of 2017 to 2021 was ultimately Trump's fault since he was the one in charge? Is that (D)ifferent now?



Lol. You're not allowed to cry about "reckless spending" when this current illegitimate regime has sent a blank check to Ukraine.



Still haven't figured out how to log back into your original user name, old man Sillie?
Can you explain in your very cult like logic why jobs that came back during his term he does not get credit for but inflation that started just after he took office that's the result of Trump's insane spending and trashing of supply chains is? Use small words if you need to friend.
post 1694053223 11-28-2023, 11:08 AM
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Originally Posted By Dave22reborn
Hey **** bag, you....... Are....... No....... Longer. ...... Banned.
And I tried to PM the amazing Sillie and he is still banned. Why don't you inquire as to why he was so unfairly treated?

This place is a freaking boring ghost town without him and, I'm told, his amazing hair.
post 1694054883 11-28-2023, 11:31 AM
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California and New York called and want their $1 TRILLION in revenue back - EACH.

There's left-wing policy for you.
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post 1694055283 11-28-2023, 11:36 AM
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There is no such thing as "price gouging"
post 1694056073 11-28-2023, 11:51 AM
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Originally Posted By dakensta
Look at a graph of every developed countries' inflation and you'll see the same spike in 2021. Are you suggesting the American Rescue Plan somehow affected the entire world? Wasn't the ARP in response to rising inflation, rather than the cause of it?
The USD is the world's reserve currency son. The '29 stock crash put Hitler into office

'nuff said
post 1694057523 11-28-2023, 12:23 PM
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Originally Posted By x-trainer
So then what is the actual cause, forget Biden.....econ graduate students?

Stay focused, are costs to produce items that much higher post covid..or are they price gouging?

Is it both?

We finally have a great topic here that no one has been able to explain with facts .
It isn't so simple as blame everything on Biden or corporations. During Covid some companies did collude with each other to raise prices (very anti free market). They didn't need to raise prices for their industry but since everyone else who had to was doing it, they did too. That's something the FTC should have been actively investigating awhile ago. But realistically all Biden or anyone else should expect now that input prices have calmed is for prices to simply not keep going up. If expecting a company that sells consumer goods to drop prices just because supply chains are back to normal that's fanciful thinking. If dropping prices means a lot more purchases and more revenue they'll do so, but it's also crazy to expect companies to drop prices to "be nice." It's also foolish to think that oil prices coming down means prices will come down immediately afterward. That's not how things work, and for good reason.

"Our cost to make this ice cream was $3 in January 2023, now it's $2.50. Hey, let's lower our selling price by 50 cents so we're making the exact same profit as before" said no one ever, from small to large businesses. If and when prices do decline it will be for competitive advantage, not because it's a nice thing to do. If nothing else the public simply needs to be made aware that there's no reason for prices to keep going up, so don't buy stuff they feel is overpriced. If they don't buy prices have to come down.

Prices are definitely coming down on some things: used cars are down like 5% from a year ago, eggs of course (though that was avian flu), electronics are likely to have lowered prices since demand is depressed, etc. At the same time economists, including those at the Federal Reserve freak the fuk out about the prospect of deflation and the prospect of that causing a recession.


Cliffs: expect disinflation, relatively flat prices, not for prices on many things to go down, unless it's an industry with demand way down.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1694057853 11-28-2023, 12:30 PM
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Originally Posted By dakensta
Look at a graph of every developed countries' inflation and you'll see the same spike in 2021. Are you suggesting the American Rescue Plan somehow affected the entire world? Wasn't the ARP in response to rising inflation, rather than the cause of it?
It's a combination. Other countries also panicked and got their money printers going. And the US dollar has such a strong effect on the world at large that a flood of USD directly causes spikes in other countries. Either one of those 2 factors by themselves would cause inflation in developed countries, both of them happening at the same time = large inflation. The US spending Trillions extra all at once is partly to blame for inflation in other countries, but it's not the only factor. And it's not like supply chain problems affected only the US. If someone says the US caused all or none of the inflation in other countries, they're simply ignorant on the topic.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1694058593 11-28-2023, 12:46 PM
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Originally Posted By frankdtank20
It's a combination. Other countries also panicked and got their money printers going. And the US dollar has such a strong effect on the world at large that a flood of USD directly causes spikes in other countries. Either one of those 2 factors by themselves would cause inflation in developed countries, both of them happening at the same time = large inflation. The US spending Trillions extra all at once is partly to blame for inflation in other countries, but it's not the only factor. And it's not like supply chain problems affected only the US. If someone says the US caused all or none of the inflation in other countries, they're simply ignorant on the topic.
Whats hilarious is that every leftist supported this, and now they're bitching about how expensive everything is, and they want the same governments that caused all of this, to have even more power???
post 1694058933 11-28-2023, 12:53 PM
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"inflation has come down" just means prices are still going up but at a slower rate - but Biden thinks their prices should have come down as a result?

is that what he was saying?
post 1694059023 11-28-2023, 12:55 PM
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Originally Posted By Cleveland33
"inflation has come down" just means prices are still going up but at a slower rate - but Biden thinks their prices should have come down as a result?

is that what he was saying?
Most laypeople, and esp. D voters, think the same, so people are going to agree with him.

People are stupid.
post 1694059103 11-28-2023, 12:56 PM
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Originally Posted By x-trainer
Dam..... it only took you 1 post to not answer the economic question.
A new world Olympic record for ya.
Well done.

For fux sake Benny, get off his 81yr old knob and just stop already... You are even more potato than I thought if you believe one word of that.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
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