General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBiden talked about the economy and great jobs numbers. Since then for the last 20 minutes
on MSNBC they have been talking about inflation
gratuitous
(82,849 posts)Democratic successes? That's just crazy talk!
It's funny (it's not funny) how preoccupied the pundits are with inflation when it really doesn't affect their personal financial situation. An extra $10 to gas up isn't even noticed in their income group.
Initech
(100,082 posts)It's almost like there's a coordinated effort to destroy all of his plans.
doc03
(35,351 posts)what about inflation. As he walked off I heard the word inflation shouted several times.
JohnSJ
(92,250 posts)yesterday with oil to try and address inflation
The press conveniently decided to ignore that though
bigtree
(85,999 posts)...GDP increased at a 6.9% annualized rate in the 4th quarter. It's a booming economy, w/increased demand stressed by continuing pandemic-related shortages encouraging inflation.
Those inflationary influences aren't permanent or endemic. The supply pressures will ease, and the economic impact on oil will mitigate itself with shifting alliances and production agreements.
This isn't your father's inflation from the 80's. Today's inflation is a sign of an improving economy, not the result of downward pressures on wages or profits. There's no 'oil shock' out of Ukraine, just shifting economic alliances, and supply issues are ephemeral.
doc03
(35,351 posts)mean little to them. Inflation affects everyone and the MSM is going to focus on that.
bigtree
(85,999 posts)...and, "here's why that's bad for the economy"
Saw Peter Baker at the NYT pushing this line from one of their articles this morning and hollered at him just as he tweeted it out.
The administration's challenge is to try and look like they're doing something about inflation, even though those pressures will correct themselves later in the year, maybe too late for the election.
JohnSJ
(92,250 posts)yesterday regarding releasing one million barrels a day from the strategic oil reserves for the next six months, and adding extra costs to oil companies on their leased oil wells that are dormant, with the objective that the increase in supply will decrease the gasoline price, and affect inflation favorably
Johnny2X2X
(19,074 posts)Job growth is breaking all time records. GDP growth is highest in 40 years. Wage growth is the highest in decades.
Sure, inflation is an issue, but these other metrics deserve equal coverage.
Response to doc03 (Original post)
LetMyPeopleVote This message was self-deleted by its author.