ON TOP OF THE 148% INFLATION WE'VE SEEN SINCE REAGAN LEFT OFFICE Archived Message
Posted by VIV on November 14, 2023, 10:24:50, in reply to "the facts of 3.3% inflation on top of 7.7% inflation is a pretty in your face fact"
seriously, man. you're just parroting stupid talking points. 2% is a good inflation number. the economy sucked last year. 7.7% sucks (though still better than most of our peer countries, but i digress). if you're going to only look at the current numbers in combination with last year to frame it as a "Thanks Biden!!!!!", to get to 2% cumulatively, we'd have to have massive deflation at the moment. Which would be catastrophic for the economy. this shit really isn't that complicated, but it's more nuanced than the lens you use to view life through.
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Message Thread: | This response ↓
- Inflation up 3.2% YOY in October, beats estimates - Carl Spackler November 14, 2023, 8:12:57
- NYT: a shift in economic thinking is underway - ATL November 16, 2023, 6:40:21
- Home Depot on its earnings call sounds a positive note on the economy - ATL November 15, 2023, 19:52:42
- Relevant FT article about US performance vs world and US economy in general - reggiedunlop November 15, 2023, 12:08:12
- Here's a Justin Wolfers thread on the report - reggiedunlop November 15, 2023, 10:18:40
- there is no rake..... - suburbanmyth November 14, 2023, 21:25:47
- best economy in the world* - gvibes November 14, 2023, 12:35:47
- whenever i see these, i want to try to put it in context of how other countries are doing. - VIV November 14, 2023, 9:19:29
- We're doomed. * - doubledown November 14, 2023, 8:45:32
- Best economy ever* - bigbop85 November 14, 2023, 8:22:06
- ...and that's why this is bad for Joe Biden* - KCWildcat November 14, 2023, 8:21:06
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