Inflation at a 40 year high of 7 1/2%

[cardsrock15]

No signs of stopping and Old Sleepy Joe and the Socialists he represents dont have a clue.

You would think looking at Venezuela with people using a wheelbarrow full of cash to buy a loaf of bread would make them understand you cant just print money and give it to people

 

[Veer2Eternity]

No signs of stopping and Old Sleepy Joe and the Socialists he represents dont have a clue.

You would think looking at Venezuela with people using a wheelbarrow full of cash to buy a loaf of bread would make them understand you cant just print money and give it to people

Ya i suppose trumpy injecting 50% more dollahs into the economy wasn't the best idea.

 

[cardsrock15]

Ya i suppose trumpy injecting 50% more dollahs into the economy wasn't the best idea.

Trump 2017 2.13%
Trump 2018 2.44%
Trump 2019 1.81%
Trump 2020 1.23%
Biden 2021 7.0%

Thats no accident and it has nothing to do with Trump. Its what happens when Socialists take over you people need to man up and own it and get it fixed

 

[Veer2Eternity]

Trump 2017 2.13%
Trump 2018 2.44%
Trump 2019 1.81%
Trump 2020 1.23%
Biden 2021 7.0%

Thats no accident and it has nothing to do with Trump. Its what happens when Socialists take over you people need to man up and own it and get it fixed

Why is the inflation happening? Please don't be obtuse.

 

[r14veer]

Trump 2017 2.13%
Trump 2018 2.44%
Trump 2019 1.81%
Trump 2020 1.23%
Biden 2021 7.0%

Thats no accident and it has nothing to do with Trump. Its what happens when Socialists take over you people need to man up and own it and get it fixed

It's pretty evident that you aren't very clear on what socialism is as an economic system, or you'd know that economically we are and have been socialistic in many, many things for quite some time. There is no such thing anywhere as a purely capitalist economy any more than there is a purely socialist economy, nor should there be as there are things that either one can often accomplish better than the other.

It's ok to be ignorant on some things; we all are on some things, but arguing from a place of ignorance doesn't help anything except your ego.

 

[cardsrock15]

It's pretty evident that you aren't very clear on what socialism is as an economic system, or you'd know that economically we are and have been socialistic in many, many things for quite some time. There is no such thing anywhere as a purely capitalist economy any more than there is a purely socialist economy, nor should there be as there are things that either one can often accomplish better than the other.

It's ok to be ignorant on some things; we all are on some things, but arguing from a place of ignorance doesn't help anything except your ego.

well Mijo educate me then

Exactly what parts of our economy is the government planning and controlling??

 

[Veer2Eternity]

well Mijo educate me then

Exactly what parts of our economy is the government planning and controlling??

What caused the inflation?

 

[3Rfan]

What caused the inflation?

And why are big companies raking in record profits on the backs of the regular folks by hiking prices on everything they sell even when they are really not in short supply. And then there's the U.S. oil companies cutting production and gas prices are going crazy. Not much we can do if the Arabs cut production but this should not be happening in our own backyard.

 

[kaskaskiakid]

We have been printing money to give away long before Biden took office, throw in the downturn in the economy due to covid, out of control national debt, and what we now have with the economy is the result.

What the oil industry is doing with gas prices is nothing short of price gouging.

 

[HomeyR]

We have been printing money to give away long before Biden took office, throw in the downturn in the economy due to covid, out of control national debt, and what we now have with the economy is the result.

What the oil industry is doing with gas prices is nothing short of price gouging.

Starbuck's profits up 31% the last quarter of 2021... and then announces a price increase for 2022 ! Big bidness is taking full advantage of inflation.

 

[Veer2Eternity]

We have been printing money to give away long before Biden took office, throw in the downturn in the economy due to covid, out of control national debt, and what we now have with the economy is the result.

What the oil industry is doing with gas prices is nothing short of price gouging.

So many Americans are so bad at math. They really don't understand how Big Oil is fleecing them.

 

[bullitpdq68]

So many Americans are so bad at math. They really don't understand how Big Oil is fleecing them.

You know veer, I am slowing learning how they fleec us and really control our behavior. Being a native American it is nice that I never lose my mineral rights.
But in the last few years of paying attention to the Oil company and studing our quarterly information sheet. I am learning they turn off and on the Oil when they want. No reason right now why our wells should not be pumping at 100%? We were close to that when Trump was in office, and there was a huge glut of oil in the market. But now we are are closer to 45% with Biden... and we have shortages everywhere? yet I guess I shouldn't complain our profits are thru the roof making more now then when we were pumping close to 100%. But learning it an't whose in office that controls us it is corporations who control us. I remember when we owned convenience stores. We would get a call telling us hey prices are going up 3 pennies and sure enough everybody in town would go up. I use to think that was just small scale, but now I wonder if big companies don't do it. Hey shut your wells down to 45% we will all profit. To much power in to little of hands...

 

[kaskaskiakid]

Spot on, bullit, I have no doubt our domestic oil companies work like that, except I will add it was 2015 when OPEC dropped the bottom out on the barrel that cause the glut of supply. People forget the national gas price ave was $2.16 when Obama left office.

 

[bullitpdq68]

Spot on, bullit, I have no doubt our domestic oil companies work like that, except I will add it was 2015 when OPEC dropped the bottom out on the barrel that cause the glut of supply. People forget the national gas price ave was $2.16 when Obama left office.

Well they did that trying to hurt fracking the last thing OPEC wants is the US to be less dependent on them. And cost of oil per barrel has to be at a certain point for fracking to be cost effective. So by putting a glut on the market they were hoping to put many out of bussiness.

 

[kaskaskiakid]

I think covid also played a factor. Demand went down with less driving. Now that demand is picking up, they are recouping their lower profits lost last year due to covid. I keep hearing rumors it will go higher this summer!! Biden will be blamed.

 

[bullitpdq68]

I think covid also played a factor. Demand went down with less driving. Now that demand is picking up, they are recouping their lower profits lost last year due to covid. I keep hearing rumors it will go higher this summer!! Biden will be blamed.

100% agree covid played a factor proabable a large factor. Oh I think it will demand is way up yet we are pumping less than 2020 and 2021. Posted a chart on that.

 

[r14veer]

well Mijo educate me then

Exactly what parts of our economy is the government planning and controlling??

Is this a real question?