Bidenomics - You have to spend $709 more a month than you did two years ago for the same goods and services

[berryberry]

According to CNN: The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics.

Americans are spending $709 more per month on everyday goods and services than they did two years ago, according to Moody's Analytics.

Moody's chief economist Mark Zandi made the statement Friday on X, formerly known as Twitter, as part of his analysis of July's consumer price index report.

"To be sure, the high inflation of the past 2+ years has done lots of economic damage. Due to the high inflation, the typical household spent $202 more in a July than they did a year ago to buy the same goods and services. And they spent $709 more than they did 2 years ago," Zandi wrote.

[tommy156]

Yes, and inflation is happening in every country around the world. It's not Mean Ol' Joe Biden's fault. He's not president of the world. And trump wouldn't have been able to stop it.

Inflation is not political, as much as you'd like it to be.

[berryberry]

Bidenomics baby, Bidenomics

Costing you $709 a month MORE than you spent for the exact same goods and services 2 years ago. That is what happens when you have an imbecile like Senile Biden and brain dead leftists running the country and causing record inflation

[tommy156]

Lol. Ok.

[Jacuzzme]

Originally Posted by tommy156

Yes, and inflation is happening in every country around the world. It's not Mean Ol' Joe Biden's fault. He's not president of the world. And trump wouldn't have been able to stop it.

Inflation is not political, as much as you'd like it to be.

If that’s what you think, you don’t grasp even the root of the word. Inflation is just what it sounds like, inflating the money supply. Politicians absolutely effect that, by pumping untold billions into the economy, every penny of which devalues what’s already there. Biden’s unhinged spending spree is largely responsible for the ridiculous prices of basically everything these days.

[tommy156]

Lol. Ok.

[berryberry]

Senile Biden’s cheerleaders can’t hold their disdain for his broken economic agenda any longer.

It’s that bad.

Over the past five days, CNN cheerleaders have issued a string of stinging rebukes of Bidenomics.

[Jacuzzme]

Originally Posted by tommy156

Lol. Ok.

About as intellectual of a retort as was expected.

[tommy156]

Originally Posted by Jacuzzme

About as intellectual of a retort as was expected.

That's the retort it warranted.

[jmichael]

it appears we have 2 economic experts on here. will you ex0lain what inflation is and the cause of it so us common people can understand, but please be specific.

[Jacuzzme]

Certainly I’m not one of the experts, but it’s not a difficult concept. The money supply goes up and creates a higher demand for items whose production doesn’t/can’t increase proportionally. Higher demand for a stagnant supply = higher prices. It’s as simple as that.

[Devo]

Originally Posted by jmichael

it appears we have 2 economic experts on here. will you ex0lain what inflation is and the cause of it so us common people can understand, but please be specific.

No, use your own brain and go search on google, you can find a hundred different links.

Basically, print more money, each dollar is now worth less, as everyone can buy more things, so, the price goes up from demand.

Simple.

[berryberry]

[tommy156]

Sounds like it's time to pull ourselves up by our bootstraps

[Jacuzzme]

We’ve left half the country’s families with no to negative amounts of disposable income, but fuck you, deal with it. Great solution.