I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 33 of 84
To cool historically high levels of demand, economists insist that we need to decrease the money supply in the economy. However, the correct path forward here does not lie in hiking interest rates, as the Fed has recently done.
In recent weeks, lawmakers and economists have proposed a variety of policy solutions that they argue could stop or slow the rise in consumer prices. However, one of the best paths forward to save the country from the inflation crisis is arguably taxing the rich.
America’s millionaires and billionaires are doing better than ever and have made out like bandits over the course of the pandemic. They can absolutely afford to have their wealth grow a little less than it normally would because of higher taxes. If that happens, they will want for nothing.
But taxing the rich needs to involve more than just taxing billionaires, which Biden is already pushing for. If we really want to tackle inflation, then taxing the rich must also include taxing ultra-profitable corporations that are price-gouging consumers. In a time of significant economic hardship for most Americans, corporations are more profitable than they’ve been in 70 years.
https://fortune.com/2022/07/08/congress-taxing-rich-part-biden-plan-in
flation-food-gas-prices-politics-economy-morris-pearl/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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With inflation in the news today, aren't you curious about how the rest of the world is doing? Sure you are:
This only goes through May, since it takes a little while for the OECD to collect everything and put it up. In another week or two we'll see if everyone else joined us in our little June surge. I'll bet they did.
https://jabberwocking.com/raw-data-inflation-around-the-world/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Yeah. When the world runs on the US Petrodollar, it's a real fucking shocker that when Joe*'s ineptitude and Democrats complacency leads the US into recession he takes the entire world down with him.
The pain the entire world is going through right now is the Joe Biden* administration's fault.
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Falsus in unum, falsus in omnibus
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Over One In Every Five Americans Skip Meals And Rely On Food Banks Due To Rising Food Prices: Golden/TIPP Poll
https://tippinsights.com/over-one-in-every-five-americans-skip-meals-a
nd-rely-on-food-banks-due-to-rising-food-prices-golden-tipp-poll/
Only 40% of Americans are buying that it's Russia's fault, with only 25% of Americans "Strongly Agreeing" with that lie.
Even 25% of Democrats don't believe that, while only 67% do.
I suggest they go into the urban centers and ask those folk who vote Democrat if they agree that this is Russia's fault. While they're at it, ask them if they even care whether or not it is Russia's fault or if they give a shit about Ukraine.
Stop polling only rich white Democrats if you want to get actual legitimate numbers.
The window on that course of action is shrinking. Democrats are losing everybody else.
Lying to yourself and gaslighting the public is only a viable course of action when the economy is good.
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Falsus in unum, falsus in omnibus
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Quote:6ix, you're a lunatic about blaming Democrats for everything. Here is another overpriced part of the economy: drug prices. Prices are so high that many prescriptions aren't being filled. That is worse for your health than skipping meals.
Originally posted by 6IXSTRINGJACK:
Over One In Every Five Americans Skip Meals And Rely On Food Banks Due To Rising Food Prices: Golden/TIPP Poll
https://tippinsights.com/over-one-in-every-five-americans-skip-meals-a
nd-rely-on-food-banks-due-to-rising-food-prices-golden-tipp-poll/
Only 40% of Americans are buying that it's Russia's fault, with only 25% of Americans "Strongly Agreeing" with that lie.
Even 25% of Democrats don't believe that, while only 67% do.
I suggest they go into the urban centers and ask those folk who vote Democrat if they agree that this is Russia's fault. While they're at it, ask them if they even care whether or not it is Russia's fault or if they give a shit about Ukraine.
Stop polling only rich white Democrats if you want to get actual legitimate numbers.
The window on that course of action is shrinking. Democrats are losing everybody else.
Lying to yourself and gaslighting the public is only a viable course of action when the economy is good.
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Falsus in unum, falsus in omnibus
The political system CANNOT fix those prices, same as with your example of food, but there is a fix! Here is the story of one set of pills:
Save Big On Drugs
By A.T. On July 8, 2022 https://andrewtobias.com/save-big-on-drugs/
My doctor prescribed 7 tabs of a generic drug that Walgreen’s was set to fill for $161.92, considerably less than the $460 list price, Walgreen’s website let me know, because I have insurance.
But then I signed up for Mark Cuban’s CostPlusDrugs, and instead of those 7 tabs, which I canceled, I got ninety of them for $22, delivered. Which works out to 25 cents each versus $23. Without having to go wait in line to pick them up.
Check it out.
Here Mark Cuban explains how it works. (He also explains why the political system cannot lower prices.)
CostPlusDrugs https://costplusdrugs.com/medications/
Why has nobody opened a business like CostPlusDrugs before now? You'll have to watch the video, but the tl;dr version is the necessary government approval. It took years to go from idea to actual business selling at low prices. The people who were already in business before Mark Cuban will not voluntarily lower their prices. Why would they do that?
Food prices are always going up, same as drug prices
Consumer Price Index for All Urban Consumers: Food in U.S. City Average
https://fred.stlouisfed.org/graph/?g=RY5r
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:
6ix, you're a lunatic about blaming Democrats for everything.
Funny. These these things weren't a problem until Joe Biden* won* and election through mail-in fraud.
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Falsus in unum, falsus in omnibus
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Quote:Funny how I can remember that these things were a problem for many years, but since you can't remember, you think now, today, this moment, is especially unique. I'd put up a chart about inflation going back to the beginning of the Federal Reserve keeping records of price, so that you could see what has been going on for decades, but this website is even better because it is easy to understand, assuming you can: https://www.usinflationcalculator.com/
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
6ix, you're a lunatic about blaming Democrats for everything.
Funny. These these things weren't a problem until Joe Biden* won* and election through mail-in fraud.
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Falsus in unum, falsus in omnibus
There are more of the same at https://www.google.com/search?q=adjust+prices+for+inflation+calculator
Raising prices is what Capitalism is, 6ix. That is how it has always worked in order to swindle, cheat, bamboozle the maximum amount of money from lower class Americans. Capitalism is why most of America is owned by a few million higher class Americans who understand how Capitalism works.
You can look up how much the higher class Americans own as easy as googling but it takes some clear thinking to understand how they got all your money and made it their money. Hint: they did it by the own efforts. It is not government that made them rich, despite the rich wanting you to blame the government for the rich swindling, cheating, and bamboozling the lower classes.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:Funny how I can remember that these things were a problem for many years, but since you can't remember, you think now, today, this moment, is especially unique. I'd put up a chart about inflation going back to the beginning of the Federal Reserve keeping records of price, so that you could see what has been going on for decades, but this website is even better because it is easy to understand, assuming you can: https://www.usinflationcalculator.com/
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
6ix, you're a lunatic about blaming Democrats for everything.
Funny. These these things weren't a problem until Joe Biden* won* and election through mail-in fraud.
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Falsus in unum, falsus in omnibus
There are more of the same at https://www.google.com/search?q=adjust+prices+for+inflation+calculator
Raising prices is what Capitalism is, 6ix. That is how it has always worked in order to swindle, cheat, bamboozle the maximum amount of money from lower class Americans. Capitalism is why most of America is owned by a few million higher class Americans who understand how Capitalism works.
You can look up how much the higher class Americans own as easy as googling but it takes some clear thinking to understand how they got all your money and made it their money. Hint: they did it by the own efforts. It is not government that made them rich, despite the rich wanting you to blame the government for the rich swindling, cheating, and bamboozling the lower classes.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
lol
Keep lying to yourself buddy. See where it gets you in November.
Democrats are finished. And not just mid-term finished.
FINISHED.
Period.
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Why Republicans Are Having Gas Pains
July 21, 2022, 7:00 p.m. ET
Until just the other day, Republicans and conservative media loved, just loved talking about the price of gasoline. Indeed, “Remember how cheap gas used to be under Trump?” became a sort of all-purpose answer to everything. Is there now overwhelming evidence that the former president conspired in a violent attempt to overthrow the 2020 election? “Real America doesn’t care about the January 6th Committee. Gas is over $5 a gallon!” declared Representative Jim Jordan.
But now gas prices are falling. They’re down more than 50 cents a gallon at the pump; wholesale prices, whose changes normally show up later in retail prices, are down even more, suggesting that prices will keep falling for at least the next few weeks. And there’s a palpable sense of panic on Fox News, which has been reduced to whining about how the White House is taking a “victory lap.”
Actually, from what I can see, Biden administration officials are being remarkably restrained in pointing out the good news (which is probably a result of a slowing global economy). The larger point, however, is that Republican politicians’ focus on gas prices is profoundly stupid. And if it’s coming back to bite them, that’s just poetic justice.
Why is focusing on gas prices stupid? Let me count the ways.
First, while presidential policy can have big effects on many things, the cost of filling your gas tank isn’t one of them. For the most part, gasoline prices reflect the price of crude oil — and crude prices are set on world markets, which is one reason inflation has soared around the world, not just in the United States. Government spending in the Biden administration’s early months may have contributed to overall U.S. inflation — we can argue about how much — but has hardly anything to do with gas prices.
Second, while gas was indeed cheap in 2020, it was cheap for a very bad reason: Global demand for oil was depressed because the world economy was reeling from the effects of the Covid-19 pandemic.
Third, even before the pandemic struck, gas prices were unsustainably low.
Little-known fact: Prices at the pump plunged during President Barack Obama’s second term, falling from about $3.70 a gallon in mid-2014 — around $4.50 in 2022 dollars — to $2.23 on the eve of the 2016 election. News reports at the time marveled at Obama’s diffidence about claiming credit.
What happened? Mostly a boom in fracking, which increased U.S. oil production so much that it drove prices down around the world. As it turned out, however, that production boom didn’t make financial sense. Energy companies borrowed huge sums to invest in new drilling but never generated enough revenue to justify the cost. The fracking industry lost hundreds of billions even before the pandemic struck.
So high gas prices weren’t President Biden’s fault, and given the disappearance of the forces that used to keep gas cheap, it’s hard to think of any policy — short of creating a global depression — that would bring prices down to $2 a gallon, or even $3 a gallon. Not that Republicans are offering any real policy proposals anyway.
But the G.O.P. nonetheless went for the cheap shot of trying to make the midterm elections largely about prices at the pump. And this focus on gas is now giving the party a bellyache, as gas prices come down.
It is, after all, hard to spend month after month insisting that Biden deserves all the blame for rising gas prices, then deny him any credit when they come down. The usual suspects are, of course, trying, but it’s not likely to go well.
Some right-wing commentators are trying to pivot to a longer view, pointing out that gas prices are still much higher than they were in 2020. This happens to be true. But so much of their messaging has depended on voter amnesia — on their supporters not remembering what was really going on in 2020 — that I have my doubts about how effective this line will be.
More broadly, many Wall Street analysts expect to see a sharp drop in inflation over the next
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Gas is still more than $2 per gallon more than it was for 4 years under Trump.
Everything else costs a lot more than it did too, and those prices haven't come down at all and are still rising in many cases.
Nobody is going to forget any of this.
And nobody gives a shit about Russia, Ukraine or Roe v Wade that wouldn't have voted for Democrats even if gas was $15 per gallon.
The Democrat Party is dead.
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