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White House: Inflation Report Likely Has ‘Anomalies’ and There’s Gouging, But Overall Picture Is Good
Breibart ^ | 02/14/2024 | IAN HANCHETT

Posted on 02/14/2024 6:37:03 AM PST by ChicagoConservative27

On Tuesday’s broadcast of CNBC’s “Money Movers,” White House National Economic Council Director Lael Brainard reacted to the January CPI inflation report by stating that there are probably “some anomalies in today’s report” and that overall data on the economy is good. She also argued that grocery corporations are gouging.

Brainard said, “You know what, I always look at the data picture. I don’t overly weight one data point. And the overall picture looks good. Growth above 3, unemployment below 4, and inflation down by two-thirds, now, of course, we want to keep working to lower costs for the American people, but inflation has come down a lot while employment and growth have remained strong. One data point I just noticed today, or one milestone I noticed today is that, actually, real wages are up by 3.4% over the cycle. That means that Americans have more money to spend at the end of the month. That is the best real wage performance of any recovery in 50 years.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: anomalies; gouging; inflation; report
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More stuck on stupid.
1 posted on 02/14/2024 6:37:03 AM PST by ChicagoConservative27
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To: ChicagoConservative27

“gouging” = pricing items based on the market rate.


2 posted on 02/14/2024 6:41:59 AM PST by fwdude (.When unarmed Americans are locked up for protesting a stolen election, you know it was stolen.)
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To: ChicagoConservative27

Reminds me of “Baghdad Bob”.


3 posted on 02/14/2024 6:43:26 AM PST by wetgundog
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To: fwdude

Agree - gouging doesn’t exist in a free market. Things priced over market won’t be bought. Now taxes are another matter by definition.


4 posted on 02/14/2024 6:45:38 AM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: ChicagoConservative27

I’m so relieved. Sounds like it’s only transitory


5 posted on 02/14/2024 6:49:08 AM PST by j.havenfarm (23 years on Free Republic, 12/22/23! More than 8,000 replies and still not shutting up!)
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To: ChicagoConservative27
Smaller chickens and smaller cows along with our smaller ice cream and Snickers bars.

Courtesy of very small minds in Bidenville. The Dunning-Kruger neighborhood in Bidenville.

6 posted on 02/14/2024 6:50:56 AM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: from occupied ga

Milk at my grocery store was .98 cents a gallon last week. It all was on the last sell by date. The extreme weather threw a wrench into supply and demand. Call me the gouging consumer. I bought three.


7 posted on 02/14/2024 6:54:53 AM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: ChicagoConservative27

Good? I heard that it’s GREAT! My wallet tells me different though. Daily.


8 posted on 02/14/2024 6:55:02 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: from occupied ga; fwdude

Companies cannot “gouge” in a free market except when the government distorts the market.

Of course, there is the opposite of “gouging” when government gives away free money to distort the market like EV tax breaks. Maybe they should excoriate their endless and bottomless “reverse gouging.”

Then there is the biggest gouger by many orders of magnitude — the USA Feral Government. A few pennies more for a box of crackers is nothing compared to the hundreds of thousands of dollars I sent to this Supreme Gouger and got very little of value in return. Some now-crumbling roads, a military that used to be strong, and a civilization in ruins. The National Parks are still nice, I guess.


9 posted on 02/14/2024 6:56:06 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: from occupied ga

Economists Thomas Sowell and Walter Williams set this issue right.

Remember during the COVID scare, when bottled water, paper products and diapers were almost non-existent in the stores? That was because “anti-gouging” laws and edicts made stockpiling them so affordable. As a result, there was no supply for people who really needed them immediately.


10 posted on 02/14/2024 6:56:34 AM PST by fwdude (.When unarmed Americans are locked up for protesting a stolen election, you know it was stolen.)
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To: ChicagoConservative27

The sad part of this is that Democrat voters believe that inflation is caused by “greedy corporations”. My sister in law who is a Democrat was telling my wife about the corporations charging too much driving inflation. My wife didn’t even bother to respond knowing that her sister is a true believer and we all know that for a true believer no proof is necessary and no disproof is possible


11 posted on 02/14/2024 7:02:01 AM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: ChicagoConservative27

Yeah, gouging by the government.


12 posted on 02/14/2024 7:09:38 AM PST by plain talk
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To: ChicagoConservative27

Yup! Gas has gone up 70 cents a gallon over the past month here. Lookin’ good!


13 posted on 02/14/2024 7:11:08 AM PST by FlingWingFlyer (I don't think the Founding Fathers intended to have a government that pushes Americans around.)
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To: ChicagoConservative27

overall picture is good, keep feeding the fools lies


14 posted on 02/14/2024 7:11:53 AM PST by ronnie raygun
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To: j.havenfarm

“I’m so relieved. Sounds like it’s only transitory”

It’s transitory if it’s being done with borrowed money. That money has to sometime be paid back with interest.

And in the article posted, the author says nothing about the borrowing that’s going on — thus an incomplete picture.

Last week’s Wall Street Journal had a nice big article about how well the economy’s doing. Not a word about the borrowing (sometimes called money creation, or quantitave easing) that’s going on.


15 posted on 02/14/2024 7:13:36 AM PST by cymbeline
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To: ChicagoConservative27

And denial


16 posted on 02/14/2024 7:21:09 AM PST by Vaduz
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To: ChicagoConservative27

The only “gouging” is by the govt.


17 posted on 02/14/2024 7:30:25 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: ChicagoConservative27

Food and energy prices are NOT included in the CPI, both of which are a HUGE portion of everyone’s’ daily lives. The CPI index, without those two numbers, is BS.


18 posted on 02/14/2024 7:38:27 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Carriage Hill

It doesn’t help that most of the beef/poultry/pork sold in this country is through an oligopoly of 5 meat packers-3 of which are foreign owned.


19 posted on 02/14/2024 8:05:37 AM PST by kaktuskid
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To: ChicagoConservative27

Beef, butter, cars and houses.

You’re doing great, comrade.


20 posted on 02/14/2024 8:06:44 AM PST by lurk (u)
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