American incomes fall for 3rd straight year as inflation pushes prices up even faster.

[Raoul_Luke]

Corporate price gouging contributed more to our current levels of inflation:

"Normally, Andrew says, profits contribute less than a third to inflation.

"He found that in 2021, corporate profits could account for about double that, nearly 60% of inflation, meaning it was not costs driving inflation.

"It was corporate profits.

"Now, some economists hear this and think this is proof that companies were just using inflation as an excuse to gouge customers."

https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation#:~:text=He found that in 2021,an excuse to gouge customers.

Yes, but you have to ask yourself why. Why were corporations able to increase profits during and coming out of the covid mandate induced economic mini-depression? Oh right, the covidiots took a big crap on small businesses.

 

[Bugsy McGurk]

Which, of course, is why gaslighters like you focus on nominal and not real incomes. YOUR measure is the fake one. It is irrelevant how how high incomes go if the general price level increase outpaces them. It's kind of "obvious" why propagandists would attempt to decouple incomes from price levels, of course any normal person understands one simple truism - what good is income if you can't buy what you need?

And now the truth….

I have acknowledged our global inflation about 10 times in this thread. And even right wing morons know that inflation affects buying power. But that does not mean the Murdoch rag should be excused for telling people that incomes have gone down when they have gone up. Conflating incomes and inflation is simply another way for right wing propagandists to mislead their gullible droids. Which you heartily defend in support of your GOP cult. Deplorable.

 

[Bugsy McGurk]

That dude is this forum’s most prolific liar - and there is NO TRACE of a conscience there whatsoever.

You really should man up and talk to me directly instead of that little girlish “He’s a liar!” routine. Sheesh.

And whenever you think you can make the case that I have lied, do it. Be specific. But stop whining.

 

[Raoul_Luke]

And now the truth….

I have acknowledged our global inflation about 10 times in this thread. And even right wing morons know that inflation affects buying power. But that does not mean the Murdoch rag should be excused for telling people that incomes have gone down when they have gone up. Conflating incomes and inflation is simply another way for right wing propagandists to mislead their gullible droids. Which you heartily defend in support of your GOP cult. Deplorable.

"Global inflation" - LOL! The US is the single biggest driver of the world economy. The idea that it isn't the single biggest driver of "global inflation" is propaganda.

 

[RickWA]

You really should man up and talk to me directly instead of that little girlish “He’s a liar!” routine. Sheesh.

And whenever you think you can make the case that I have lied, do it. Be specific. But stop whining.

Why should I waste time on habitual liar propagandists? You are far worse than Baghdad Bob. Simply awful - and getting worse by the day.
Sickening stuff.

 

[Bugsy McGurk]

"Global inflation" - LOL! The US is the single biggest driver of the world economy. The idea that it isn't the single biggest driver of "global inflation" is propaganda.

At last you concede the obvious - that the inflation is global. Modest progress, although you do add half-assed hooey about the causes to try to boost your GOP cult. Baby steps.

None of which has anything to do with what I said. Your pathetic diversion attempt is noted.

 

[Bugsy McGurk]

Why should I waste time on habitual liar propagandists? You are far worse than Baghdad Bob. Simply awful - and getting worse by the day.
Sickening stuff.

Hey, it’s a free country. You can just stick with the little girlish “You’re a liar!” idiocy. You know you can’t actually prove a lie so you just whine. Your routine is well established.

 

[RickWA]

Hey, it’s a free country. You can just stick with the little girlish “You’re a liar!” idiocy. You know you can’t actually prove a lie so you just whine. Your routine is well established.

Is there anyone in this forum that does not ignore Paid-sy at this point?

 

[Dawg]

You really should man up and talk to me directly instead of that little girlish “He’s a liar!” routine. Sheesh.

And whenever you think you can make the case that I have lied, do it. Be specific. But stop whining.

"best economy ever"
So you're calling Sensible Don "little girlish" LMAO

 

[Dawg]

Is there anyone in this forum that does not ignore Paid-sy at this point?

I did and fixing to put him back ingnore
Bug says same thing over and over

 

[Zam-Zam]

US household incomes fall for third straight year: Census Bureau

Tue, September 12, 2023

US household incomes fall for third straight year: Census Bureau (yahoo.com)


The headline says it all.

The happy spin coming from the administration and associated cheerleading squads can be safely ignored. Families are worse off, not better, financially under this administration. Period.

Any questions?

 

[Bugsy McGurk]

Is there anyone in this forum that does not ignore Paid-sy at this point?

More whining. Little girlish “Don’t play with him!” whining. Have some dignity. Confront my challenge. Man up.

 

[Bugsy McGurk]

"best economy ever"
So you're calling Sensible Don "little girlish" LMAO

You’re very confused. As always.

 

[Bugsy McGurk]

I did and fixing to put him back ingnore
Bug says same thing over and over

It’s an ostrich convention.

;-)

 

[Bugsy McGurk]

US household incomes fall for third straight year: Census Bureau

Tue, September 12, 2023

US household incomes fall for third straight year: Census Bureau (yahoo.com)


The headline says it all.

The happy spin coming from the administration and associated cheerleading squads can be safely ignored. Families are worse off, not better, financially under this administration. Period.

Any questions?

It says it all if you want to mislead people into thinking actual incomes fell.

And let’s face it - misleading people is what GOP cultists are all about.

 

[Dawg]

US household incomes fall for third straight year: Census Bureau

Tue, September 12, 2023

US household incomes fall for third straight year: Census Bureau (yahoo.com)


The headline says it all.

The happy spin coming from the administration and associated cheerleading squads can be safely ignored. Families are worse off, not better, financially under this administration. Period.

Any questions?

Except for Biden family
The Biggest Biden ‘Scam’ of All (msn.com)

 

[RickWA]

I did and fixing to put him back ingnore
Bug says same thing over and over

I don’t have him on ignore (Middleview is unique in that honor). I mostly ignore Bugsy “manually”. He’s a blithering stooge hack though. No one lies more than he does.

 

[Dawg]

I don’t have him on ignore (Middleview is unique in that honor). I mostly ignore Bugsy “manually”. He’s a blithering stooge hack though. No one lies more than he does.

at least in ignore I don't have to read bugs spew as often

 

[Bugsy McGurk]

I don’t have him on ignore (Middleview is unique in that honor). I mostly ignore Bugsy “manually”. He’s a blithering stooge hack though. No one lies more than he does.

Still with the little girlish “He’s a liar!” routine.

But you can’t even try to prove a lie. Aren’t you ashamed to act like a little girl? Act like a man - confront the challenge.

 

[EatTheRich]

NONSENSE! Inflation was 1.4% when Trump left office and it hovered near ZERO, for a year before that. Inflation skyrocketed after Biden took over.

Because of his obsessive attacks on the fossil fuel industry, oil production plummeted (344 MB/mo to 277MB/mo in Feb 2021). The lower supply caused higher gas/deisel prices, thereby raising transport costs for manufacturers. Guess who got the increases passed on to them.

When Trump left office the U.S. was just emerging from a recession. It was to be expected that when productivity came back to pre-recession levels it would be accompanied by inflation.

304.5 MB of oil were produced in November 2020, the month Biden beat Trump in the presidential election. Oil production was down 8% in 2020, an all-time record, and oil production now is up 17% over Trump-era levels.