Biden's inflation stoked to 30-year high

Interesting how conservatives are saying nothing about the U.S. budget deficit cut in half for biggest decrease ever. I mean, that's been a big thing fir you guys.
 
😂 😂 It's because of 'one-time' pandemic spending dropping off ..... period.


My God, turn off MSNBC and CNN and do some research.
You have never shown one bit of research. Why is there inflation Mr. Know it all? Are we the only country suffering from it? Were we set up well to come out of the pandemic in better shape than we are? NO! We are doing much better than expected. When you get upset about gas prices, just fly somewhere. Dirt cheap!
 
😂 😂 It's because of 'one-time' pandemic spending dropping off ..... period.


My God, turn off MSNBC and CNN and do some research.
It’s way too easy to research. The government pumped over $3,000,000,000,000 into the economy because they shut it down. This was ON TOP OF the normal federal spending in the $4,000,000,000,000-range. So now, the Left is parading “deficit reduction” when that’s just smoke, mirrors and a healthy dose of ostrich.
On another level, our Leftist rulers abhor deficit reduction...they want to spend spend spend until there’s no America remaining. Don’t believe me? They were begging Joe Manchin to change his mind and authorize ANOTHER $5,500,000,000,000 to be spent.
I don’t know how ignorance became a virtue.
 
You have never shown one bit of research. Why is there inflation Mr. Know it all? Are we the only country suffering from it? Were we set up well to come out of the pandemic in better shape than we are? NO! We are doing much better than expected. When you get upset about gas prices, just fly somewhere. Dirt cheap!

The federal spending information is free; check it out.

The inflation is from asinine left-wing energy policy and asinine left-wing intervention in the labor market, on top of a 42% increase in the money supply in two years. We've discussed this multiple times before.
 
The federal spending information is free; check it out.

The inflation is from asinine left-wing energy policy and asinine left-wing intervention in the labor market, on top of a 42% increase in the money supply in two years. We've discussed this multiple times before.
If he keeps denying it, then he’s right in his mind.
The only people stating this exuberant spending doesn’t cause inflation either work in the White House or on an alphabet network.
 
The federal spending information is free; check it out.

The inflation is from asinine left-wing energy policy and asinine left-wing intervention in the labor market, on top of a 42% increase in the money supply in two years. We've discussed this multiple times before.
You are wrong.

The main causes of the current inflation in the U.S. is the persistence of supply disruptions and shortages of food products, which began with the pandemic. Additionally, inflation is also affected by the higher energy prices. The U.S. isn't the only country experiencing this.
 
You are wrong.

The main causes of the current inflation in the U.S. is the persistence of supply disruptions and shortages of food products, which began with the pandemic. Additionally, inflation is also affected by the higher energy prices. The U.S. isn't the only country experiencing this.

I may have a lot of faults, but being wrong isn't one them.


And yes, socialism always creates shortages of goods.
 
The main causes of the current inflation in the U.S. is the persistence of supply disruptions and shortages of food products, which began with the pandemic. Additionally, inflation is also affected by the higher energy prices. The U.S. isn't the only country experiencing this.
Was this caused by Putin? Is this what MSNBC is telling you?
 
😂 😂 It's because of 'one-time' pandemic spending dropping off ..... period.


My God, turn off MSNBC and CNN and do some research.
It's like when they make claims of job creation when it's really just the economy getting back to status quo from before they shut it down.
 
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You are wrong.

The main causes of the current inflation in the U.S. is the persistence of supply disruptions and shortages of food products, which began with the pandemic. Additionally, inflation is also affected by the higher energy prices. The U.S. isn't the only country experiencing this.

High energy prices are a direct result of the lefts war on fossil fuels, which Joe promised to fight over and over during his campaign...the first day in office he keeps his promises and you are surprised? Under Trump we were energy independent, now we beg and pay extra for our energy needs, which is also very bad for our planet (the shipping and less green sourcing) dirty stupid libs are the main source of inflation.
 
High energy prices are a direct result of the lefts war on fossil fuels, which Joe promised to fight over and over during his campaign...the first day in office he keeps his promises and you are surprised? Under Trump we were energy independent, now we beg and pay extra for our energy needs, which is also very bad for our planet (the shipping and less green sourcing) dirty stupid libs are the main source of inflation.
"If energy independence means we don't import oil, then that hasn’t been true since the 1940s. If it means we export more energy than we import, then we became energy independent in 2019 (following a decade of soaring oil and gas production), but we remain energy independent today.

Others may define energy independence as producing more than we consume. In that case, we reached that milestone in 2020. It was primarily a result of a sharp drop in consumption because of the Covid-19 pandemic, accompanied by a smaller drop in energy production that year. But, that milestone remained intact in 2021.

It is true that we achieved both of those energy independence milestones under President Trump. What isn’t true, is that it was because of anything special that he did. His energy policies may have helped a bit, but the primary cause was a surge in domestic oil and gas production that occurred as a result of the fracking boom.

From 2006 to 2016, U.S. energy production increased from 70.7 quadrillion British thermal units (quads) to 84.3 quads. The U.S. experienced record energy production in 2015, but 2016 production pulled back because of the oil price collapse.

So President Trump didn’t make us energy independent. In fact, the gap between supply and demand substantially shrunk when President Obama was in office (again, because that’s when fracking really ramped up). But it would be fair to argue that President Trump’s energy policies slightly sped up the timeline in getting to the finish line of energy independence.

However, what isn’t true is that we lost that energy independence under President Biden.

Using the definition of exports minute imports, 2021 was our highest level of energy independence in history. In other words, we are even more energy independent than we were in 2019. (You can see all the data in U.S. Energy Facts Explained at the EIA website, which is also the source of the above graphic).

You can see the proof at the link. In 2019, our energy exports were greater than our imports by 0.61 quadrillion Btus (quads). In 2020, that excess grew to 3.47 quads (mainly because imports fell as Covid hit demand) and in 2021 it grew to a new record of 3.82 quads. By that measure, we are more energy independent than we have ever been.

If you prefer the definition of production minus consumption, then we are also still energy independent. In 2020 the U.S. produced 2.7 more quads than we consumed. In 2021, that excess shrank to 0.45 quads on the back of strong post-shutdown demand. So you could argue that by that measure our level of energy independence declined from 2020 to 2021, but it didn’t disappear.

If your preferred definition of energy independence is that we don’t import energy, as you can see from the graphic we haven’t come close to meeting that metric at any point since the 1950s.

So, on an apples-to-apples comparison, depending on your definition we are either still energy independent, or we never were."
 
So, you were mistaken.

persistence of supply disruptions and shortages of food products, which began with the pandemic.
This is why the Fed keep raising rates? No, it's because interest rates were too low for too long. That and wages are out of control, but the Fed will win, they won't stop till were in a recession. I have seen this played out before the late 70's and early 80's. Just last week you could get a 6 month I bond for 9.6 % haven't seen those type of rates well let's see since the early 80's.
 
"If energy independence means we don't import oil, then that hasn’t been true since the 1940s. If it means we export more energy than we import, then we became energy independent in 2019 (following a decade of soaring oil and gas production), but we remain energy independent today.

Others may define energy independence as producing more than we consume. In that case, we reached that milestone in 2020. It was primarily a result of a sharp drop in consumption because of the Covid-19 pandemic, accompanied by a smaller drop in energy production that year. But, that milestone remained intact in 2021.

It is true that we achieved both of those energy independence milestones under President Trump. What isn’t true, is that it was because of anything special that he did. His energy policies may have helped a bit, but the primary cause was a surge in domestic oil and gas production that occurred as a result of the fracking boom.

From 2006 to 2016, U.S. energy production increased from 70.7 quadrillion British thermal units (quads) to 84.3 quads. The U.S. experienced record energy production in 2015, but 2016 production pulled back because of the oil price collapse.

So President Trump didn’t make us energy independent. In fact, the gap between supply and demand substantially shrunk when President Obama was in office (again, because that’s when fracking really ramped up). But it would be fair to argue that President Trump’s energy policies slightly sped up the timeline in getting to the finish line of energy independence.

However, what isn’t true is that we lost that energy independence under President Biden.

Using the definition of exports minute imports, 2021 was our highest level of energy independence in history. In other words, we are even more energy independent than we were in 2019. (You can see all the data in U.S. Energy Facts Explained at the EIA website, which is also the source of the above graphic).

You can see the proof at the link. In 2019, our energy exports were greater than our imports by 0.61 quadrillion Btus (quads). In 2020, that excess grew to 3.47 quads (mainly because imports fell as Covid hit demand) and in 2021 it grew to a new record of 3.82 quads. By that measure, we are more energy independent than we have ever been.

If you prefer the definition of production minus consumption, then we are also still energy independent. In 2020 the U.S. produced 2.7 more quads than we consumed. In 2021, that excess shrank to 0.45 quads on the back of strong post-shutdown demand. So you could argue that by that measure our level of energy independence declined from 2020 to 2021, but it didn’t disappear.

If your preferred definition of energy independence is that we don’t import energy, as you can see from the graphic we haven’t come close to meeting that metric at any point since the 1950s.

So, on an apples-to-apples comparison, depending on your definition we are either still energy independent, or we never were."
Tldr

Net energy independent with a favorable balance of trade, dolt. Not all energy is the same.
 
Groceries, or gas, or prescriptions ...................................... no way to be forced to live by the leftists.


The socialists deserve the beatdown, and a ticket to Cuba.
 
And when adjusted for inflation, how do those record profits look ?
Lol. Profits are profits. Unless of course, you have found a way to get the benefit of inflation on revenue while stifling it on the cost side of the equation. That would be brilliant.
 
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