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| Bidenflation in Pictures (Page 5/8) |
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BingB
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JAN 26, 03:22 PM
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| quote | Originally posted by 82-T/A [At Work]:
Florida's home values shot through the roof because people were fleeing the liberal North East and the liberal North West states
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This is not true. In fact multiple liberal Northeastern states have seen property value increases greater than Florida (Maine, Vermont, New Jersey)
| quote | Originally posted by 82-T/A [At Work]:
Furthermore, inflation increased labor, energy, and supply chain costs which constrained home construction, which also increased the price of existing homes... all of which led to my homes being worth more
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Inflation is not due to Biden policies. It is worldwide based on issue with recovery from the Covid epidemic.
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williegoat
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JAN 26, 03:55 PM
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Biden has no policies. He is just there to keep the seat warm.
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82-T/A [At Work]
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JAN 26, 04:28 PM
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| quote | | Originally posted by BingB:This is not true. In fact multiple liberal Northeastern states have seen property value increases greater than Florida (Maine, Vermont, New Jersey) |
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Nonsense. Florida had the highest increase in property values of the entire country in 2022 at 29% on average.
https://advisor.visualcapit...use-prices-by-state/
| quote | Originally posted by BingB:
Inflation is not due to Biden policies. It is worldwide based on issue with recovery from the Covid epidemic. |
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You are a broken record. Inflation means an increase in prices. Day 1, Biden slashed oil production, practically shut it down in the United States. This led to increased prices on everything as a result of an increase in energy costs. Since oil production is international, the United States literally impacted the rest of the globe and quite possibly resulted in the rest of the world's inflation as well.
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theBDub
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JAN 26, 07:13 PM
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The GDP grew 3.3% in the last quarter, adjusted for inflation. 3.1% for the year. (NYT Gift Article)
The “bad economy” is a myth, or maybe more accurately, a mirage.
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82-T/A [At Work]
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JAN 26, 08:18 PM
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| quote | Originally posted by theBDub:
The GDP grew 3.3% in the last quarter, adjusted for inflation. 3.1% for the year. (NYT Gift Article)
The “bad economy” is a myth, or maybe more accurately, a mirage. |
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No one said the economy right now was "bad." But in perspective, people are significantly more poor today than they were 4 years ago. Matter of fact, the price of many goods have gone up over 300%, with inflation minimally having increased the cost of everything across the board by 30%. This is resulting in people barely being able to scrape by, so while the stock market is high (in part due to an inflated dollar), and people are employed... they are technically making far less than they were 4 years ago. To make it worse... personal credit card debt is through the roof, so apparently... people are just putting **** on the credit card.
Credit card debt now tops a trillion dollars: https://www.msn.com/en-us/m...gh-in-us/ar-AA1ncG5Q
So while you're trying to suggest the economy is perhaps even "good," I would suggest that it's not bad, but it's not great. And... people remember what it was like from 2016-2020. And this **** isn't it. There's a reason why only 1/3rd of adults think the economy is good.
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BingB
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JAN 27, 01:34 PM
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BingB
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JAN 27, 01:37 PM
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| quote | Originally posted by 82-T/A [At Work]:
You are a broken record. Inflation means an increase in prices. Day 1, Biden slashed oil production, practically shut it down in the United States. |
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What are you talking about? Joe Biden did not have a single policy that reduced oil production in the United States.
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BingB
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JAN 27, 01:52 PM
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| quote | Originally posted by 82-T/A [At Work]:
Since oil production is international, the United States literally impacted the rest of the globe and quite possibly resulted in the rest of the world's inflation as well. |
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I have not seen one legitimate economist try to make this argument. Here are the REAL numbers.
[URL=https://www.eia.gov/todayinenergy/detail.php?id=50738#:~:text=Crude%20oil%20prices%20increased%20in%202021%20as%20increasing,global%20petroleum%20demand%20rising%20faster%20than%20petroleum%20supply.]https://www.eia.gov/todayin...0petroleum%20supply.[ /URL]
According to our December 2021 Short-Term Energy Outlook (STEO) estimates, U.S. crude oil production in 2021 decreased by 0.1 million barrels per day (b/d) from 2020. . . . We estimated in our December 2021 STEO that petroleum inventories decreased by 469 million barrels globally in 2021—likely the largest annual inventory withdrawal since 2007.
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So production was down about 36.5 million barrels in the UNted States which is less than 8% of the worldwide shortfall. Most of the shortfall was due to reduced production from OPEC and Russia. And the reduction in production in the United Sates had nothing to do with any Biden policy. Oil companies just did not increase production in ordde to keep prices high.[This message has been edited by BingB (edited 01-27-2024).]
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theBDub
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JAN 27, 04:00 PM
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I’ve been noticing more… mischaracterizations… by Todd lately, often backed by some statement like “everyone knows this.” I’m not sure if it’s always the case and I just know more on these topics to notice it, or if it’s ramped up.
You can look at an oil price chart and see when the prices started rising. It’s immediately evident it wasn’t Biden. Kinda hard to give benefit of the doubt.
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olejoedad
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JAN 27, 04:51 PM
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