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gratuitous

(82,849 posts)
1. What else are they gonna talk about?
Fri Apr 1, 2022, 11:18 AM
Apr 2022

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)
2. He seriously can't catch a break.
Fri Apr 1, 2022, 11:18 AM
Apr 2022

It's almost like there's a coordinated effort to destroy all of his plans.

doc03

(35,351 posts)
4. The very second he finished his talk the first thing I heard the reporters yell was
Fri Apr 1, 2022, 11:21 AM
Apr 2022

what about inflation. As he walked off I heard the word inflation shouted several times.

JohnSJ

(92,250 posts)
7. He actually addressed that question in his prepared remarks, by referring to the actions he took
Fri Apr 1, 2022, 11:28 AM
Apr 2022

yesterday with oil to try and address inflation

The press conveniently decided to ignore that though




bigtree

(85,999 posts)
3. Democrats ALONE helped boost record economic recovery, without republican votes.
Fri Apr 1, 2022, 11:20 AM
Apr 2022

...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)
6. Yes everything you say is true. But if someone has a job the unemployment numbers
Fri Apr 1, 2022, 11:28 AM
Apr 2022

mean little to them. Inflation affects everyone and the MSM is going to focus on that.

bigtree

(85,999 posts)
9. 'Record Americans are finding jobs, more people are working.'
Fri Apr 1, 2022, 11:39 AM
Apr 2022

...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)
5. Not just MSNBC, Bloomberg was pushing that too. That is why President Biden took the action he did
Fri Apr 1, 2022, 11:23 AM
Apr 2022

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)
8. By a lot of measures, this is the best US economy in history
Fri Apr 1, 2022, 11:31 AM
Apr 2022

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)

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