Biden's inflation stoked to 30-year high

Guillotine said:
See above.
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Labor prices are higher partly due to labor shortage (again look at all the help wanted signs) and wasn't "the chosen one " on the picket line with the auto workers cheering them on. The USA is at record or near record production of oil actually surprising the price of oil is not higher considering what is going on in the ME.
 
Stirred not Shaken said:
Labor prices are higher partly due to labor shortage (again look at all the help wanted signs) and wasn't "the chosen one " on the picket line with the auto workers cheering them on. The USA is at record or near record production of oil actually surprising the price of oil is not higher considering what is going on in the ME.
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Both of those cost inputs were dramatically lower under President Trump, and no, increases in 2020 due to the Plandemic do not go on President Trump's report card. If we had listened to President Trump and stopped the draconian mitigation in the early Summer of 2020, not only would he have been re-elected, the economy (and the country as a whole) would be in much better shape.

Bidenomics suck.
 
Guillotine said:
Thanks. Your first link gave me the number I was looking for.

Brood cow inventory --

1-1-21 40.3 million head
1-1-22 39.5 million head
1-1-23 38.3 million head

800K head reduction in 2021, and a 1.2 million head reduction in 2022. So, in a 5 year trend, 400K more cows went to slaughter in '22 than '21. That's hardly a "massive sell off of breeding stock" like you claimed. We are not just "seeing the result of lower beef breeders now."
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Lmao

A move of multiple percent is massive in any sector of the livestock industry and especially so in cattle when it can take years to repopulate.
Guillotine said:
Record beef prices are mainly driven by cost increases getting beef to the grocery shelves after they leave the producer. Much of that, from fuel to labor, lies directly at the feet of Bidenomics.
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Lmao
The number 1 input cost of cattle by far is feed cost. When feed becomes scarce (during a drought) the cost go up considerably.
Trucking, packing, shipping etc is hardly a blip in comparison to feed cost.
Guillotine said:
Oh, and I'll take your bet on any significantly lower prices in 2025. Cheap corn this December ain't stimulating that. lol
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Sounds good.
 
ProV1 said:
Our import/export surplus is at an all time high. We have never been more energy independent.
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Eh, kind of.

Oil varies a lot from heavy sour to light sweet crude. Refiners can't really switch from one to another. Each refinery uses the crude they were designed for. Most of our refiners use heavy sour while we export light sweet. We also import a lot of heavy sour and will continue to import even more in the future unless we build refineries that can use light sweet crude (shale oil).
 
Indiandad said:
Eh, kind of.

Oil varies a lot from heavy sour to light sweet crude. Refiners can't really switch from one to another. Each refinery uses the crude they were designed for. Most of our refiners use heavy sour while we export light sweet. We also import a lot of heavy sour and will continue to import even more in the future unless we build refineries that can use light sweet crude (shale oil).
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Understood but that has always been true. At the end of the day, we export more than we import.
 
Indiandad said:
Lmao

A move of multiple percent is massive in any sector of the livestock industry and especially so in cattle when it can take years to repopulate.
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Perhaps, but the 400K head increase in brood cows to slaughter isn't "massive," and higher beef prices aren't the result of the 2022 drought like you stupidly claimed.

Indiandad said:
Lmao
The number 1 input cost of cattle by far is feed cost. When feed becomes scarce (during a drought) the cost go up considerably.
Trucking, packing, shipping etc is hardly a blip in comparison to feed cost.
Click to expand...

Lmao

There's some major league stupid. Beef on the hoof sells for 1.80/lb. and retails for 8.00/lb. Even considering a 40% yield, that's a whole bunch of costs beyond the price of corn.

Indiandad said:
Sounds good.
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Sounds like a suckers bet, but I'll take your money.
 
Guillotine said:
Meaningless statistic, dope.

It's not enough and would be MUCH higher under Trump. FACT.
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Oh yes. Just anoint it as such because he is the God King.

Given the rate of production increase, it is obvious that it would be MUCH higher under Obama. FACT.
 
Indiandad said:
8 years of Obama was a jobless recovery with stagnant wage growth.
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How would you describe the Bush 2 presidency ? He inherited a great economy and where was it at the end ?( much worse ) Where was the economy when Obama came in? Where was it when he left ( better ) Where was the economy when Trump came in ? (. Growing and just under full employment ). Where was it when he left ? Yes Blame covid of course but then blame global covid induced inflation on Biden smh
 
Harrycrane said:
How would you describe the Bush 2 presidency ? He inherited a great economy and where was it at the end ?( much worse ) Where was the economy when Obama came in? Where was it when he left ( better ) Where was the economy when Trump came in ? (. Growing and just under full employment ). Where was it when he left ? Yes Blame covid of course but then blame global covid induced inflation on Biden smh
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Bush is a You People.
 
Guillotine said:
With the exception of your Plandemic, he performed spectacularly. FACT.
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He inherited a growing good economy and he was in charge when Covid arrived and the plandemic was inherited by Biden . Trump ran up debt gave massive tax cuts wff he en inherited a good economy which was unprecedented . Tax cuts at near full employment in a growing economy was never done by any president because it’s not a smart economic move . Added to the debt no doubt . Trump being a financial wizard is a myth
 
Globally we have the strongest economy ( GDP ??). And are doing a lot better than most other rich fully developed countries . Strongest military as well but people are still whining talking like we are a horrible country that is failing . If you aren’t doing well ? It’s you . Not Joe Biden.
 
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