Posted on 02/23/2022 6:54:27 AM PST by artichokegrower
According to conventional wisdom, inflation has left most Americans poorer. It’s an odd view, given that the number of people with jobs jumped by 4.7 percent in 2021, and the economy grew by 5.7 percent after inflation. It was the U.S. economy’s best performance in decades. If people are poorer, why did household spending jump by 8.8 percent in 2021, after inflation, including increases of 25.8 percent for clothing and shoes and 11.6 percent for home furnishings?
(Excerpt) Read more at washingtonmonthly.com ...
Excuse me I was just getting over the shock of paying $120 to fill up my pickup
Because they got free Covid money. A job lasts longer. When all those Covid buys are not repeated, because the money is cut off....there will be a crash.
I’m guessing the writer doesn’t rememeber the 1970s inflation. That might explain why he doesn’t have a clue.
If you dig yourself into an economic hole out of panic and stupidity, climbing only half way out again is not exactly a thing to be proud of.
This is literally the government breaking your leg, giving you crutches, and telling you to be grateful because you can still walk...
there is no limit to the stupidity these whores will employ to defend the demholes
So talking about spending increasing in 2021 compared to 2020 is like saying you're an awesome football team if your record was better than Vanderbilt's. LOL
They got those child tax credits checks. 300+ per child per month. That adds up across millions of children. Plus they got bonus ebt benefits. I got nothing except to pay for it, and feel the pinch of inflation
Everyone who drives to work is buying gas today.
Everyone who rents must pay it this month.
Everyone who eats must buy food.
No amount of headlines telling you how great things are is going to change your reality that you must live every day.
The writer is an idiot Dem sycophant with a keyboard.
Ramblings of a sycophant.
Basically who are you going to believe stuff, “your lying eyes or me?”
Everyone can see it, no amount of rambling rhetoric empty of reality will change that.
My last heating bill was almost double that of a year ago. But hey, somebody somewhere manipulated some data to make things look great.
So I guess everything is okay after all.
"Inflation is our friend! Wouldn't you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! "
Funny…
Remember that 1992 was “..the WORST economy in the last FIFTY years!!”?
That was a sniffle; today we have pneumonia.
If things cost more they also had no choice but to spend more.
It was actually a growing, increasingly healthy economy after coming out of a mild recession that was long over by the time of that election.
But, media narratives, etc. prevailed.
Spend the cash now or burn it to heat your house next winter. It's the beginning of a classic hyperinflation spiral where no one wants to keep dollars but would rather have goods at any price.
Bob, you are a moron or a democrat, but I repeat.
I wouldn't say it's literally that but it's a great analogy, nonetheless.
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