Biden Inflation Accelerates to 8.6%

[54212 432]

You're doing great, comrades. 

 

 

[jehurey 3,299]

its funny how he's also trying to run the fox news routine of "say anything to distract during the next few weeks"

[Ike★ 2,922]

Acting like a president has any influence over the market when corporations and the oil companies are charging astronomical rates despite posting record profits since the pandemic started. Almost like the whole thing is fixed. Don't forget too that every single House GOP member voted against a Gas Gouging bill which is the biggest cause of the rise in inflation. It's almost like you get your news only from Newsmax.  

[54212 432]

13 minutes ago, Ike said:

Acting like a president has any influence over the market when corporations and the oil companies are charging astronomical rates despite posting record profits since the pandemic started. Almost like the whole thing is fixed. Don't forget too that every single House GOP member voted against a Gas Gouging bill which is the biggest cause of the rise in inflation. It's almost like you get your news only from Newsmax.  

 

Your side dumped trillions into an overheated economy and wants to dump trillions more into it. It's like you only get your news from  CNN.  

[Ike★ 2,922]

Just now, Saucer said:

 

Your side dumped trillions into an overheated economy and wants to dump trillions more into it. It's like you only get your news from  CNN.  

The  larger of the two stimulus checks came when Trump was president.

[54212 432]

Just now, Ike said:

The  larger of the two stimulus checks came when Trump was president.

 

And when it began to overheat the economy, you dumped trillions more in, and you still want to dump trillions more in. It's a real mystery why this happened:

 

 

[Ike★ 2,922]

Just now, Saucer said:

 

And when it began to overheat the economy, you dumped trillions more in, and you still want to dump trillions more in. It's a real mystery why this happened:

 

 

Why are you referring to me like I personally did this?  

 

Again, corporations and companies decide prices not people or the president. This is the free market the GOP loves so much though right? 

[54212 432]

8 minutes ago, Ike said:

Why are you referring to me like I personally did this?  

 

Again, corporations and companies decide prices not people or the president. This is the free market the GOP loves so much though right? 

 

You = your side.  

 

And your argument requires people to believe that after 40 years of relatively low inflation, corporations suddenly conspired to drastically raise their prices in the US all at once and create the worst inflation since the early '80s. That it has nothing to do with printing trillions of new dollars and dumping them into the markets.  

[Ike★ 2,922]

Just now, Saucer said:

 

You = your side.  

 

And your argument requires people to believe that after 40 years of relatively low inflation, corporations suddenly conspired to drastically raise their prices in the US all at once and create the worst inflation since the early '80s. That it has nothing to do with printing trillions of new dollars and dumping them into the markets.  

Yep, government definitely controls prices and not companies. The biggest drivers of inflation again are gas prices, airlines, and housing all of which aren't affected by the President or those in office. This is the free market after all right?  

[54212 432]

3 minutes ago, Ike said:

Yep, government definitely controls prices and not companies. The biggest drivers of inflation again are gas prices, airlines, and housing all of which aren't affected by the President or those in office. This is the free market after all right?  

 

Government policies have no affect on consumer prices? Government energy policy doesn't affect energy supply? Government regulations don't affect home building? Do you know anything about macroeneomics?  

 

 

[Twinblade★ 3,986]

Some democrats have already started sounding the alarm about Russia planning to interfere in the midterms. Thats how desperate they are  

[Ike★ 2,922]

Just now, Saucer said:

 

Government policies have no affect on consumer prices? Government energy policy doesn't affect energy supply? Government regulations don't affect home building? Do you know anything about macroeneomics?  

 

 

Yet who determines those prices yet also posting record profits? The free market decides. Also, Federal Reserve determines interest rates not the congress or president. Also pretty sure Jerome Powell was appointed by Trump. Not to mention I do know that both the Dems and Republicans are corrupt as fuck when it comes to the market. Neoliberals are just as trashy as the GOP. 

[Mr. House 3,371]

2 hours ago, Ike said:

Yet who determines those prices yet also posting record profits? The free market decides. Also, Federal Reserve determines interest rates not the congress or president. Also pretty sure Jerome Powell was appointed by Trump. Not to mention I do know that both the Dems and Republicans are corrupt as fuck when it comes to the market. Neoliberals are just as trashy as the GOP. 

No single oil company can fix prices on gas. Biggest factors in the cost of gas are the cost of production, the quantity produced and the demand. 

 

Corporations who increases prices for their products right now are simply passing down the inflation on to the consumers instead of lowering their profits due to higher cost of energy, transport, diminished monetary value (especially affect companies who deals with international trades), higher paid workforce, taxes, etc. Companies prefer to stay competitive with fair pricing in general, if anything a lot of companies are going to record lower profit margins and ROI due to a lowered consumer demand (depending on the products of, course).

 

Policies and Government spending affects the economy just as much, if not more.

 

 

[Goukosan 2,283]

1 hour ago, Ramza said:

No single oil company can fix prices on gas. Biggest factors in the cost of gas are the cost of production, the quantity produced and the demand. 

 

Corporations who increases prices for their products right now are simply passing down the inflation on to the consumers instead of lowering their profits due to higher cost of energy, transport, diminished monetary value (especially affect companies who deals with international trades), higher paid workforce, taxes, etc. Companies prefer to stay competitive with fair pricing in general, if anything a lot of companies are going to record lower profit margins and ROI due to a lowered consumer demand (depending on the products of, course).

 

Policies and Government spending affects the economy just as much, if not more.

 

 

 

The price for a barrel of oil was almost at an all time low.  Currently the gas/oil companies are making record profits at the pump ⛽ by price gouging.  

 

Every single republican voted a against a new bill that would gave reigned in price gouging at the pump

[Mr. House 3,371]

2 hours ago, Goukosan said:

 

 

The price for a barrel of oil was almost at an all time low.  Currently the gas/oil companies are making record profits at the pump ⛽ by price gouging.  

 

Every single republican voted a against a new bill that would gave reigned in price gouging at the pump

So you agree that policy making and Government spending is the root cause and not greedy companies, right? Good, now we are on the same page. 

 

Gas price has been on the rise since Biden took office, cutting off pipelines at home and starting an economic war with Russia are the main causes.

[Goukosan 2,283]

2 hours ago, Ramza said:

So you agree that policy making and Government spending is the root cause and not greedy companies, right? Good, now we are on the same page. 

 

Gas price has been on the rise since Biden took office, cutting off pipelines at home and starting an economic war with Russia are the main causes.

 

It's like you can't read.  Despite the war the price on oil is low. 

 

The greedy companies are price gouging even though the price of oil is low. They're currently swimming in profits.  

 

Policy's were drafted to combat the current situation.  Every single republican voted to block the measures to reign in these greedy companies. 

 

[Twinblade★ 3,986]

11 hours ago, Goukosan said:

 

It's like you can't read.  Despite the war the price on oil is low. 

 

The greedy companies are price gouging even though the price of oil is low. They're currently swimming in profits.  

 

Policy's were drafted to combat the current situation.  Every single republican voted to block the measures to reign in these greedy companies. 

 

 
You are not posting anything remotely true. A barrel of crude oil is significantly costlier nowadays than it was in 2021 or 2020.

[Cooke 2,041]

Isn't it called the Putin Price Hike? 

[Mr. Impossible 428]

On 2022-06-10 at 8:20 PM, Ramza said:

So you agree that policy making and Government spending is the root cause and not greedy companies, right? Good, now we are on the same page. 

 

Gas price has been on the rise since Biden took office, cutting off pipelines at home and starting an economic war with Russia are the main causes.

 

[Mr. House 3,371]

On 2022-06-10 at 10:25 PM, Goukosan said:

 

It's like you can't read.  Despite the war the price on oil is low. 

 

The greedy companies are price gouging even though the price of oil is low. They're currently swimming in profits.  

 

Policy's were drafted to combat the current situation.  Every single republican voted to block the measures to reign in these greedy companies. 

 

The same greedy companies you are talking of are being cut off from producing more in the US by Biden administration pro green policies. He's constantly lying about this, like when Psaki was saying there were thousands of unused permits, which were actually all shitty deals no one wanted.

 

Instead, he scolded home oil producers just recently and he went on a trip to talk to the crowned prince of Saudi Arabia, most likely to beg for oil. He has never shown any respect to the industry and has threatened them many times since day 0 of his administration, even going to go as far as to campaign on the promise of banning fossil fuel. Any other President would have come up with a better plan than this for home production.

 

I'm not making this a particular partisan attack, by the way. I haven't seen the proposed policy you are talking about so I can't comment.