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Posted 9 mo ago
Responses: 3
You can bet any COLA or adjustment to Social Security or Retirement funds won't show that.
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Inflation, and yet:
https://www.msn.com/en-us/money/markets/retail-sales-rose-solidly-last-month-in-a-sign-that-consumers-are-still-spending-freely/ar-AA1fiGWc?ocid=msedgntp&pc=U531&cvid=4d [login to see] f0e8f575824c8b372c5&ei=141
https://www.msn.com/en-us/money/markets/retail-sales-rose-solidly-last-month-in-a-sign-that-consumers-are-still-spending-freely/ar-AA1fiGWc?ocid=msedgntp&pc=U531&cvid=4d [login to see] f0e8f575824c8b372c5&ei=141
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MSG Stan Hutchison
SFC (Join to see) - I believe the main reason for that spike was COVID, supply shortages (mostly caused by COVID), and price gouging.
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SFC (Join to see)
MSG Stan Hutchison - Stan if you believe that you still believe in the Tooth Fairy.
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MSG Stan Hutchison
SFC (Join to see) - Economics is a topic that is seldom discussed in a rational manner as it is all speculation. For every "expert" with one opinion, there is another with a different opinion.
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SFC (Join to see)
MSG Stan Hutchison - Stan everyone I know discusses economics in a rational manner. President Biden was elected POTUS on a policy of destroying gas and oil energy the public didn't understand. The increases energy costs increases the costs (inflation) of literally everything produced and transported. That was bad enough, then we had the Inflation Reduction Act that was nothing about inflation. People were lied to again and most reporters didn't report the facts honestly about the Act. The process of the government borrowing another $5T touched of inflations. So now while we still have relatively high inflation in excess of 2% annually, there is cost-of-living increase of about 17% over the last 2 years because of President Biden's policies. It's pretty much that plain and simple.
You can try to cherry pick specific issues to try to fool people who don't follow the economy much, but at the end of the day they know what they are spending to buy food, fill up their tanks, and pay their taxes. You can't fool them about that. Bad policy is bad policy. Our Progressive Democrats and Republicans have literally destroyed our standard of living with bad policies in the USA. God help us. I hope people remember.
You can try to cherry pick specific issues to try to fool people who don't follow the economy much, but at the end of the day they know what they are spending to buy food, fill up their tanks, and pay their taxes. You can't fool them about that. Bad policy is bad policy. Our Progressive Democrats and Republicans have literally destroyed our standard of living with bad policies in the USA. God help us. I hope people remember.
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