Posted on Feb 10, 2022
US inflation jumped 7.5% in the past year, a 40-year high
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https://abcnews.go.com/US/wireStory/us-inflation-hit-40-year-high-january-82790392#:~:text=Shortages%20of%20supplies%20and%20workers,accelerating%20in%20the%20past%20year.
"Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy"
This is the result of horrible choices... we need to remember that our government is failing us when the mid-terms come due. Republican's and Democrat's need to wake up and drain congress of these long term career politicians that have lost touch with what the American people really need...
"Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy"
This is the result of horrible choices... we need to remember that our government is failing us when the mid-terms come due. Republican's and Democrat's need to wake up and drain congress of these long term career politicians that have lost touch with what the American people really need...
US inflation jumped 7.5% in the past year, a 40-year high
Posted from abcnews.go.com
Joe Biden
Republicans
Democrats
Congress
Money
Edited >1 y ago
Posted >1 y ago
Responses: 4
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SFC (Join to see)
Vote the ins out, if they are primaried, vote them out, and never vote for someone running unopposed.
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But wages are up 3% so you’re only feeling like it’s 4.5%. Not the full 7.5%. Gotta look at the bright side.
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SPC Terry Page
Think of it like a baseball score:
A Shutout: 0 to 8 (YOU LOOSE)
0 to 7 (YOU LOOSe)
0 to 6 (YOU LOOse)
0 to 5 (YOU LOose)
0 to 4 (YOU Loose)
0 to 3 (YOU loose)
0 to 2 (YOu loose)
0 to 1 (You loose)
0 to 0 Extra innings or other remedy (you still ain't winning, just treading water)
A Shutout: 0 to 8 (YOU LOOSE)
0 to 7 (YOU LOOSe)
0 to 6 (YOU LOOse)
0 to 5 (YOU LOose)
0 to 4 (YOU Loose)
0 to 3 (YOU loose)
0 to 2 (YOu loose)
0 to 1 (You loose)
0 to 0 Extra innings or other remedy (you still ain't winning, just treading water)
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LTC (Join to see)
President Biden is taking pride in wages going up but unless you made over 8%, you're in the hole! Why would you want to put your money into savings bonds and get 1%? I feel sorry for those on fixed incomes. Another skewed figure was that rents went up 4%, the way they figure it out as flawed so it's actually much higher than that!
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People like Joe Biden and half of the staff who don't know anything about Finance 101 but they care about equity and social justice but they don't know their Fanny from the hole in the ground about Finance 101 and economics 101, the rule of 72 or the rule of 70 is what you divide to figure out the doubling time or when your value of your currency goes to half. With 7% inflation, that means that prices will double in 10 years. That's going to be helpful for republicans in November. The norm before was to keep it under 2% meeting that prices would double in 35 years. And other truth, too much money chasing too few goods. Putting 5 trillion to 7 trillion dollars into the economy will overheat it and cause more inflation. President Biden lies and tells you that the best way to solve this is to throw more money at it. That's like throwing gasoline on to a dumpster fire! What is really funny, is you have an idiot like AOC was a business degree in economics and she dislikes capitalism.
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