Bidinflation

[berryberry]

US inflation continues to soar. The highest rise in consumer prices CPI inflation since 2008 sends Dow and Nasdaq futures down.

U.S. consumer prices increased 4.2% in April, compared with a year ago. In 2020, before this increase, one in five Americans already reported struggling to afford food at some point in the past 12 months.

This is the highest month-over-month core CPI in 40 years!

US Fed Vice Chairman Richard Clarida: "We were SURPRISED by higher than expected inflation data." This comes after the surprisingly low jobs report.

At the rate things are going, Jimmy Carter, 96, will be at peace knowing that at least he was not as bad of a president as Democrat Joe Biden.

Welcome to Biden's America.

[chizzy]

now this one is all on biden........he owns it

[bambino]

https://t.me/RealDonaldoTrumpo/530

[berryberry]

Lumber is up 400%.
Gasoline is up 130%.
National debt is at $28.1 trillion. The 2nd largest jump in American history behind WWII.
National inflation is up 4.2%.
And it’s only going to get worse.

[lustylad]

Originally Posted by berryberry

Lumber is up 400%.
Gasoline is up 130%.

Got a link? They're both up - but I don't think by the percentages you claim. Be factual. Don't be like 1pittsburgh, who has zero credibility here.

[berryberry]

Originally Posted by lustylad

Got a link? They're both up - but I don't think by the percentages you claim. Be factual. Don't be like 1pittsburgh, who has zero credibility here.

Those %'s were quoted by someone I follow on Twitter.
Could they be wrong, sure I did not independently verify their information. But here is one article that says lumber is up 700% from it's low in April 2020

https://abc7chicago.com/business/sup...-now/10598712/

Here is another from last month (and prices have kept going up) that pegged the increase at 232%

https://finance.yahoo.com/news/lumbe...090000342.html

So 232%, 400%, 700% - whichever number you want to use, the point is the same

As to gas - it looks like they did calculate the increase incorrectly. Per this chart, the price at the pump went from 2.46 when Senile Biden took office to 3.051 several days ago. Prices have climbed daily this week so the number is even higher now. Thus they probably miscalculated the decimal point and should have said up about 30%, not 130%

https://ycharts.com/indicators/us_gas_price

[berryberry]

From inflation to jobs to the border, Biden is flailing — when will the media notice?

https://nypost.com/2021/05/12/from-i...-media-notice/

[DrivesAllDay]

As I've seen on Facebook: Those who were ridin' with Biden are now walking. LOL


I'm wondering if this gasoline issue was caused on purpose to push consumers to buy into the EV Market.

[snoopy75]

Not having mean tweets is pretty expensive

[bambino]

Originally Posted by lustylad

Got a link? They're both up - but I don't think by the percentages you claim. Be factual. Don't be like 1pittsburgh, who has zero credibility here.

Up 193% as of 4/13/2021. I was at the bank yesterday. A contractor was at a teller next to me. He was putting 5k into his account. He was saying how lumber is going up everyday. It’s a bad time to be buying new construction.

[ilbj7777]

Actually lumber prices have been climbing since July 2020. They increased about 25 percent last July and another 35 percent in August. 2 years ago 2 X 4 X 8 framing studs were around $1.80 to the low 2's now they are $7.60 to $10.00. Most plywood is 2 to 3 times more. The issue is milling the timber.

[El-mo]

Do you guys ever get tired of the toxic partisanship? It’s very simple supply and demand. Production slowed down during the pandemic. Now that people are vaccinated and things are re-opening, there is not enough supply to meet the demand, and prices have gone up.

[bambino]

Originally Posted by lustylad

Got a link? They're both up - but I don't think by the percentages you claim. Be factual. Don't be like 1pittsburgh, who has zero credibility here.

Here’s an updated article from Fortune. I forgot to post the link before;


https://fortune.com/2021/05/05/lumbe...-buy-wood/amp/

[bambino]

Originally Posted by El-mo

Do you guys ever get tired of the toxic partisanship? It’s very simple supply and demand. Production slowed down during the pandemic. Now that people are vaccinated and things are re-opening, there is not enough supply to meet the demand, and prices have gone up.

Not quite that simple. You forgot to mention the trillions in debt that is spiking inflation across the board.

[chizzy]

Originally Posted by El-mo

Do you guys ever get tired of the toxic partisanship? It’s very simple supply and demand. Production slowed down during the pandemic. Now that people are vaccinated and things are re-opening, there is not enough supply to meet the demand, and prices have gone up.

Really? I know a man who owns a lumber factory.... he cannot find d enough workers....why? Because of the government giving people the additional unemployment money. That's what's screwing the supply
Ask any restaurant owner, ask the fast food chains, ask get go.... 9 million jobs available....... it's time to stop that bullshit
And fuck the teachers union...private schools and catholic schools have been up and running since last august...no infection spike.... but public teachers want to sit on their ass and get paid and the democrats are fine with that...

I know the extra unemployment started with trump but it has to stop now.

Hey maybe all the illegals flooding the country will fill the jobs, maybe that's what the liberals want.