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Krugman’s Grossly Misleading Inflation Victory Declaration About Inflation … BUT Purchasing Power Of US Dollar Is Down -16.5% Under Biden (Food Prices UP 21%, Home Prices UP 34%, Used Car/Truck Prices UP 17.7%)
Confounded Interest ^ | 06/0/2024 | Anthony B. Sanders

Posted on 06/03/2024 6:03:46 AM PDT by Kaiser8408a

Call it Washington DC soullessness.

Back in 2023, Socialist Paul Krugman declared that “the war on inflation is over!!! “We” won, at very little cost.” I love when elitists claim “We won!” since clearly 99% of Americans lost since food, housing and car prices up are double digits under Biden.

The problem is that food, energy, shelter, and used cars/trucks are a huge part of Americans consumption basket.

Under Biden, food CPI id up 23%. Home prices are up 34% and used cars/truck prices are up 17.7%.

A note to Paul Krugman, YOU may have won, but the rest of Americans lost. Consumer purchasing power of the US Dollar is DOWN 16.5% Under Biden.

Here is where we stand under Bidenomics.

Ask Joe if he cares.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; bidendestroyseconomy; bidenflation; bidenomics; economy; inflation

1 posted on 06/03/2024 6:03:46 AM PDT by Kaiser8408a
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To: Kaiser8408a

20% inflation? more like 100% under biden.

Maybe they mean compounded - 20% per year.

FJB


2 posted on 06/03/2024 6:05:52 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: Kaiser8408a

Bkmk


3 posted on 06/03/2024 6:19:06 AM PDT by sauropod ("This is a time when people reveal themselves for who they are." James O'Keefe Ne supra crepidam)
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To: Kaiser8408a

INFLATION without representation. Works harder, die younger citizens.
INVASION without representation.
DEPOPUALATION without representation


4 posted on 06/03/2024 6:21:53 AM PDT by PGalt (Past Peak Civilization?)
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To: Kaiser8408a

We ain’t seen nothing yet if the Ukie war cheerleaders have their way….for some frightening statistics, research how much inflation rises during a major war….no, we are not Venezuela yet, but with war time inflation, supply side inflation, piled on top of our current inflation- heads will spin, governments will fall.

The sad part is the die has been cast- why else is every world Central Bank buying RECORD amounts of Gold (except for the US!) ?

The Basel Agreement put cash and Gold as the only Tier One holding. The DTCC put a 100 per haircut on ALL digital currencies, 20-50 percent on equities, 20 percent on bonds……massive train wreck ahead.

Another fun fact: it was just announced Gold holdings now surpassed the Euro as a reserve holding…..I would say follow the smart money, Central Banks hate Gold, so why are they loading up in historic purchases?

Answer: Look out below!


5 posted on 06/03/2024 6:24:37 AM PDT by delta7
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To: Kaiser8408a

My never Trump msnbcommie watching friend told me that inflation is up becauce of Corporate Greed, but Biden is going to force them to lower prices. How do you argue with moronic brain washing like that...


6 posted on 06/03/2024 6:27:36 AM PDT by Democrat = party of treason
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To: Kaiser8408a

Prices on everything has doubled and interest rates tripled. Is that 17%?


7 posted on 06/03/2024 6:28:18 AM PDT by Dogbert41 (“Blessed are the peacemakers, for they will be called children of God” -Matthew 5:9)
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To: delta7

Let me add, fear not. Hint: some are going to prosper immensely….prepare accordingly…and that doesn’t mean paper, debt instruments, or “ promises to pay”.

Exciting, historic times.


8 posted on 06/03/2024 6:28:44 AM PDT by delta7
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To: PGalt
INFLATION without representation. Works harder, die younger citizens.

INVASION without representation.

DEPOPUALATION without representation

Yet the GOP is not airing ads to bring these issues to the forefront. I'm starting to think the GOP wants to lose the election.

9 posted on 06/03/2024 6:30:16 AM PDT by econjack
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To: Kaiser8408a

They have no trouble Lying right to your face


10 posted on 06/03/2024 6:37:33 AM PDT by butlerweave
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To: Kaiser8408a

Every time a democrat brags about lowered inflation, somebody needs to put up a chart that includes the most often bought items at the grocery store, and gasoline prices, and home mortgage rates, and insurance rates and car prices. Then when the democrats make the claim about lowered inflation rates, ask them to point out which of the items on the list went down a corresponding rate in price. The prices of just about everything thing went up some 20% to over 50%, and unless the prices came down to the levels before Biden’s inflation, then, democrats should be called bullshitters.


11 posted on 06/03/2024 6:42:52 AM PDT by adorno (CCH)
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To: Kaiser8408a

A lying tool disinfo shill by any other name is still headed to a very hot place


12 posted on 06/03/2024 6:50:45 AM PDT by xoxox
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To: All

>
Yet the GOP is not airing ads to bring these issues to the forefront. I’m starting to think the GOP wants to lose the election.
>

Why would the obverse side of the Uniparty coin ‘care’ WHOM wins elections??

Mexican nations voting via Consulates across the U.S.: No [(R)N(C)] calls for deportation, no calls about no mail-in ballots, no calls about no ‘early’ voting, no calls about STRICT voter ID (card a/o penalties for violating)

Calling out inflation only would turn the spotlight to the (R)N(C), whom (ostensibly) control the House (purse strings). HINT: They’ve given Biden EVERYTHING he’s wanted & more.


13 posted on 06/03/2024 7:19:00 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: Kaiser8408a

The wife and I were on a two-hour trip for an elderly relative’s birthday party. The wife was hungry so we stopped at Arby’s. The wife’s Reuben sandwich and a medium tea was over $11 (I didn’t get anything).

Any wonder restaurants are going out of business? I’m gonna start packing bologna sandwiches for trips.


14 posted on 06/03/2024 7:23:33 AM PDT by moovova ("The NEXT ELECTION is the most important election of our lifetimes!“ LOL...)
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To: adorno

That’s exactly what I said the other day. Republicans are not speaking to people like us. They need to put up graphics of the price of stuff then and now. Don’t just say “I’ll help close the border”. Put up pics of all the illegals in front of the hotels in New York City and say …… they’re getting free rooms, free food, cell phones, and debit cards with $x on them to pay for essentials. What are you as a citizen getting? Yeah, you get to pay for it.
They need to show the people what Biden and his cronies are doing to us. Maybe then regular people who don’t really follow politics would get mad.
Republicans are useless as usual.


15 posted on 06/03/2024 7:35:00 AM PDT by sheana
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To: Kaiser8408a

Math is most definitely NOT Krugman’s friend.


16 posted on 06/03/2024 9:25:19 AM PDT by Da Coyote
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To: Da Coyote; All

White House Report ‘Inflation is Way Down’ After Excluding Gas, Food, Housing

https://genesiustimes.com/white-house-report-inflation-is-way-down-after-excluding-gas-food-housing/


17 posted on 06/20/2024 8:23:29 AM PDT by Texan4Life
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