Posted on 09/13/2022 12:50:45 PM PDT by Recovering_Democrat
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday.
The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year.
(Excerpt) Read more at cnbc.com ...
Inflation just went up.
https://www.washingtonpost.com/politics/2022/09/13/biden-inflation-reduction-act/
Victory!......while literally everything is either collapsing or going through the roof.
0.1% my ass!
The Democrat Party relishes is economic collapse, and in the collapse of society.
And if BLS says it’s 0.1% it’s probably more like 0.5%.
Personally, think its all planned, but that just my crazy take.
My exact comment, pre-empted !
That's like me losing $50,000 in the market last month and $50,001 this month and Biden saying I only lost a dollar this month.
$3.159 today at Kennebec.
...where do they shop?
The actions the Canadian and provincial governments are proposing tells me they believe this inflation is just a short term aberration. I think US officials are operating likely on the same assumptions. Personally, and I am no oil market expert, is it is the oil price, the war in the Ukraine, AND loose fiscal policy that is driving inflation. Not monetary policy as it appears government are intent on raising interest rates to drive at inflation. And M3 is growth is slowing.
Inflation, spending, high gas prices, open borders...
Republicans are campaigning all wrong way when it comes to many of the issues that have Americans and the American economy reeling.
For example...
Biden didn’t vote for the falsely named “inflation Reduction Act”. Each and every one of the democrats in the senate did (as did the democrats in congress).
So, the campaigning for a republican senator should be pointing at a specific democrat senator that is running to retain his/her seat.
For example, senator Mark Kelly:
The republican in the race should be pointing the finger directly at Kelly, as THE ONE SINGLE SENATOR that voted to pass the inflation reduction bill. That’s ONE VOTE, but the one that got the bill over the top. Biden only signed the bill. But, Kelly is the one that got the bill to Biden. Without Kelly’s vote, Biden would not have gotten the bill to sign. Kelly should be made directly responsible for passage of the bill, because, his vote is what passed it on to Biden. One vote got the inflation reduction bill passed.
Same with Alex Padilla in California. Without HIS VOTE, Biden would not have gotten the bill for signing. Padilla got the bill passed.
Same with Michael Bennet in Colorado. He is the SINGLE VOTE that got the bill to Biden.
Same with Warnock in Georgia: he is the sole reason that the inflationary ‘inflation’ bill got passed. If Warnock had not voted for the bill, the bill would have been dead.
It’s the same with every Democrat senator who voted the bill to get to Biden’s hands.
One democrat would have made the difference, so, each one alone is responsible. It might have taken 50 votes to get it to Biden; it only took one to keep it from Biden.
Yeah, personally, I dunno. I don’t know dink about economics and the like, so its beyond me. I am just doing what many are, buckling up for the ride. ;-)
market down 1300 points. All were expecting 50 basis point increase in fed rate, now pricing in 75 or more.
CNBC As always spinning like crazy to help Joe and the rest of the rats. It’s an additional .1 on top of the existing record inflation.
CNBC, just like all the corporate media, so dishonest.
The rate at which your money is losing value accelerated by 0.1%. Prices continued to inflate at a rate of over 8% per year -- all as understated and minimized per the corrupt Department of Labor statistics.
Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report
CNBC ^
Posted on 9/13/2022, 1:19:02 PM by Tench_Coxe
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.
The Dow Jones Industrial Average slid 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 dropped 4.32% to 3,932.69, and the Nasdaq Composite sank 5.16% to end the day at 11,633.57.
(Excerpt) Read more at cnbc.com ...
Gas prices been going up by us. 😡
Well over $5 a gallon in Reno. When our reserves are completely gone, what’s it going to be?
Gas prices are only dropping due to summer travel demand falling off. So too will supply drop off and then up they go again.
And while I am on it, since when is going from $4.10 to 3.99 a sharp drop? Less expensive is still too damn expensive.
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