Inflation Now Ties with Pandemic as Biggest Issue

[applegrove]

Inflation Now Ties with Pandemic as Biggest Issue

October 21, 2021 at 9:39 am EDT By Taegan Goddard 

https://politicalwire.com/2021/10/21/inflation-now-ties-with-pandemic-as-biggest-issue/

"SNIP.....

A new CNBC poll finds that inflation now ties with the coronavirus as the biggest concern for Americans, up 16 points from the prior survey.

In addition, 47% of the public believe there will be a recession in the next year, up 13 points from whe

.....SNIP"

[unblock]

1. f*cking media. inflation? recession next year? inflation-adjusted gdp is up 6.3% Q1 and 6.7% Q2 !!!

the economy is growing like gangbusters!

anything above 3% is big, above 4% is huge; above 6% is just massive.

so yeah, some prices are going up -- completely normal when the economy is booming -- but the economy is still up at a well over 6% annual rate *after* adjusting for that inflation.

if a republican were president, the media would be going nuts over how the economy was booming and the president deserves full credit for it.

but since we have a democratic president, they barely mention the massive growth and instead fret about the completely normal inflation that always comes along with massive growth.

and recession next year??? i mean, i have no crystal ball, but there's zero sign of that afaik. the supply chain issues are largely due to massive demand, which is usually a predictor of growth, not recession.

[Johnny2X2X]

2. Unreal

They painted a projection of 4% growth for 2022 in a negative light. 4% growth in 2022 would be about double of Trump's best year for growth.

Inflation is elevated slightly because of supply chain problems due to covid, but they're acting like 4 or 5% is 30% inflation. Like people are going to be made homeless by the millions for having to pay 5 cents more on the dollar for half a year.

[Devil Child]

3. Our skyrocketing grocery bills agree n/t

[madville]

6. It will be the #1 issue if it continues growing into next year

And it’s one of the things that affects almost all people, grocery, gas, and utility bills. Fuel oil and natural gas bills for heating this winter are the next crisis on the docket.

I spent $104 at the grocery store yesterday and feel like I barely got enough for the week for just me.

[Elessar Zappa]

4. I think this inflation is temporary

and due to the pandemic. If we can ever get past it, I think the supply chains will come back roaring and inflation will subside.

[drexelkathy]

5. Inflation is definitely

hurting a lot of families right now.

[ShazamIam]

7. The U.S. has a seller controlled market. This is price gouging to weaken the Biden presidency. U.S.

Commerce and economics, retail, fuel/energy, shipping, the ports, trucking are all private for profit operations. Those sectors are all nearly monopolized with 80% or more of the market controlled by a few operators.

This is being presented as wage increases, though there is not much of that happening, and government, when the government is not directing the economy.

When the capitalists are talking about a, "market economy," they are talking about a seller controlled economy.