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President selectors, pages, etc.
Bidenflation rising...AGAIN! Can't blame Putin...Trump this time
By HatetheSwamp
February 14, 2023 6:19 am
Category: President

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Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago


Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday.

The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%.


*****

The economy is in good hands with the Former Trucker in charge.

Hint: Every time Clouseau says, "Swear to God. True story," it's a dementia moment.


Cited and related links:

  1. cnbc.com



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Comments on "Bidenflation rising...AGAIN! Can't blame Putin...Trump this time":

  1. by HatetheSwamp on February 14, 2023 6:22 am

    Inflation ⬆️ more than expected.

    Overall CPI: +6.4% y/y
    Fuel Oil: +27.7%
    Electricity: +11.9%
    Groceries: +11.3%
    Chicken +10.5%
    Milk: +11%
    Eggs: +70.1%
    Bread: +14.9%
    Potatoes: +12.4%
    Baby Food: +10%
    Airline Fares: +25.6%

    Real Average Hourly Earnings: -1.8%

    twitter.com


  2. by Donna on February 14, 2023 6:29 am

    Why don't your House members get right on that and propose legislation to fight inflation instead of spending all of their time petulantly attacking Democrats?



  3. by Ponderer on February 14, 2023 6:37 am

    Come on, hon. That's not their job. That's not what they were elected to do.

    They were elected to stick it to the Dems. That is their Job #1. And damn if they aren't focusing their every waking moment on it, God bless 'em.

    Plus, they totally lack the skills, experience, or will to govern in any beneficial way for their constituents. Their voters know this. They don't care. Their voters don't actually expect them to do any of that stuff. They know they aren't up to the task. That's why they never complain about the horrific economies and budget deficits the Republican party leaves the country in every time they are voted out of power.


  4. by HatetheSwamp on February 14, 2023 7:19 am

    Actually, Donna, they're on it.

    That's what the, refuse to increase the debt ceiling, fight is all about. The Flatulent Fool is pumping waaaaaaaaaay too much fuel into the economy. What's supposed to happen except inflation!!!!!?

    Do you really not get this?


  5. by islander on February 14, 2023 7:38 am

    Hate has a very sophomoric and incomplete understanding as to the causes of inflation. Today's Republicans depend on people like Hate.


  6. by HatetheSwamp on February 14, 2023 7:49 am

    isle,

    pb'd LOVE your explanation of the causes of inflation, so, please do.

    But, in this case, pb's merely splaining that the House GOPs ain't ignoring the issue of inflation.


  7. by Donna on February 14, 2023 8:36 am

    LOL! My ass they are! Where are the bill proposals? Do they even know how to construct proper legislation proposals?


  8. by islander on February 14, 2023 9:01 am

    "But, in this case, pb's merely splaining that the House GOPs ain't ignoring the issue of inflation." ~ Hate

    Of course they're not ignoring it! They are using it to fool people like yourself into voting for them by convincing you that inflation is caused by Democrats trying to get the Republicans to understand why we need to raise the debt ceiling which of course we have to do and we will do. 🤣


  9. by HatetheSwamp on February 14, 2023 9:18 am

    isle, Lead's asking you to relate fact.


  10. by Curt_Anderson on February 14, 2023 10:29 am
    The price index was up 6.4 percent in January compared with a year earlier. That was a slight slowing from 6.5 percent in December, and down notably from a peak of about 9 percent last summer.

    THANK YOU PRESIDENT BIDEN!



  11. by HatetheSwamp on February 14, 2023 11:53 am

    What was inflation in January 021?

    Thank you, OrangeMan. Bahahahahahahahahahaha, ahhhhhhhhhhh.


  12. by Curt_Anderson on February 14, 2023 12:03 pm
    Not sure but unemployment was 6.3% in January 2021.


  13. by HatetheSwamp on February 14, 2023 12:05 pm

    You forgot how to Google? Bahahahahahahahahahaha, ahhhhhhhhhhh!


  14. by Curt_Anderson on February 14, 2023 12:18 pm
    So why are you asking me?


  15. by oldedude on February 14, 2023 6:22 pm
    .Not sure but unemployment was 6.3% in January 2021

    Of those, more are choosing not to work because they make more on the government dole now with COVID money. Even though COVID isn't a "thing" anymore.

    And it interesting. Stats also refuse to include immigrants (other than legal, green card resident aliens) in the count. So the couple of thousand that cross the border every day aren't included.


  16. by oldedude on February 14, 2023 6:25 pm
    "Why don't your House members get right on that and propose legislation to fight inflation instead of spending all of their time petulantly attacking Democrats?"

    The GOP tried. They were shot down because pedojoe and little nancy wanted to spend more on handing out money. Remember, they had control of both houses and the executive branch?

    And yes, there were some RINOs that flipped, and they'll be voted out.


  17. by Donna on February 14, 2023 10:20 pm

    What COVID money? I don't know anyone receiving COVID money now.


  18. by oldedude on February 15, 2023 4:11 am
    That's maybe an over simplification. Long story short, it's a continuation of benefits started during COVID.

    Clearly, to use Keynesian terms, employment in the United States is not suffering from an “aggregate demand” failure. There are plenty of job openings; it is a failure of a good number of employable people not being interested in filling the slots employers would like to fill. Why?

    A number of commentators have suggested that many are still concerned about and fearful of returning to the workplace due to the potential of still catching the coronavirus and the risk of serious illness or death. Some have argued it’s because employers are too cheap; that is, they are unwilling to pay a wage high enough to draw unemployed workers back into the active labor force. The problem with this latter explanation is that it does not make clear why wage “x” at which some of these workers were willingly employed 15 months ago is now unacceptable just a little bit more than a year later, given the lost income experienced during all that time.

    However, suppose that before the coronavirus lockdowns and lost employment, a low-skilled employee was making, say, $500 a week. But now let us suppose that during the last 15 months, due to extended unemployment insurance payments and supplementary federal emergency transfers introduced during the coronavirus crisis, this person was continuing to have a government-supplied weekly income of $500, or maybe even more, say, $600. For as long as this continues, what is the incentive for him to return to the workplace for the previous salary when, instead, this individual can stay at home and be no worse or maybe even better off than working his old 40-hour week as before March of 2020?

    A few weeks ago, the Foundation for Government Accountability (FGA) issued a report based on work and wages versus government income-transfer programs (state unemployment insurance, supplemental federal emergency insurance bonus, child care credits, earned income tax credit, and food stamps) in, for instance, the state of Florida. A person could receive up to the equivalent of a $20-an-hour wage by staying home rather than accepting available employment.

    capitalismmagazine.com


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