This economy is so bad

[RLLD 4,143]

3 hours ago, Sean Mooney said:

I don't have a preferred party. Stop with that hacky line of argument. It makes your whole point invalid. Even more so than just ignoring what someone said and arguing that something that proves them right is right. I thank you for constantly pointing out what I said is accurate, but I don't need it. Maybe go back to your insipid argument this morning and try to put that into the land of coherence. 

My point remains valid, and just because you dont want it to be does not mean you can simply pretend its not backed by the fed and ignore it....

It is ok to admit when you are wrong, there is nothing wrong with doing that, its what an adult would do.

[torridjoe 48]

On 5/28/2024 at 9:13 PM, Pimpadeaux said:

So this one person somehow overshadows soaring stock market, GDP, CPI, wages as well as record-low unemployment, decreasing inflation and a whole lot of indicators than those isolated cases that MAGAturds cling to in hopes of detracted from an actually great economy that undermines their felonious boyo's ability to get votes to become the atrocious dictator they want him to be.

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well come on you know most of this is bullshit math. It’s really easy to enjoy big returns from small baselines…such as when an economy goes into recession during a pandemic and the GDP drops 28% lol. But Biden has had TWO negative GDP quarters his term so he even got a reset from the reset. The most recent quarter is 1.3%, a level Trump failed to exceed only once in his term. Why do you say the CPI soared but also he gets credit for decreasing inflation? The first is bad the second is good (roughly speaking). And in fact we know now the inflation was entirely fabricated for profit, and the cutbacks are a reaction to that and again benefitting from recovery momentum. 

[Pimpadeaux 2,404]

54 minutes ago, torridjoe said:

Well come on you know most of this is bullshit math. It’s really easy to enjoy big returns from small baselines…such as when an economy goes into recession during a pandemic and the GDP drops 28% lol. But Biden has had TWO negative GDP quarters his term so he even got a reset from the reset. The most recent quarter is 1.3%, a level Trump failed to exceed only once in his term. Why do you say the CPI soared but also he gets credit for decreasing inflation? The first is bad the second is good (roughly speaking). And in fact we know now the inflation was entirely fabricated for profit, and the cutbacks are a reaction to that and again benefitting from recovery momentum. 

I want you so bad right now. 

[Sean Mooney 1,938]

9 hours ago, RLLD said:

My point remains valid, and just because you dont want it to be does not mean you can simply pretend its not backed by the fed and ignore it....

It is ok to admit when you are wrong, there is nothing wrong with doing that, its what an adult would do.

I'm not wrong in that I didn't solely attribute it to corporate greed...you didn't read the actual study obviously because you'd see they do acknowledge markups in general areas even if it is not the sole marker for inflation- which is what the article is arguing. . Get back to me when you do

[RLLD 4,143]

3 minutes ago, Sean Mooney said:

I'm not wrong...you didn't read the actual study obviously. Get back to me when you do

I did, and I also understand you cannot accept what it asserts, and that is fine.....though your insistence to ignore what it states is hopefully isolated more to people such as yourself....though sadly I think politicians pervert it for their personal gain, and you just latch on to that....rather than be philosophically honest

[BeachGuy23 642]

"But even though markups were relatively flat overall, the analysis found companies did hike prices substantially in a few key sectors like gasoline and cars in 2021.

As for the main drivers of sky-high inflation in recent years, economists have pointed to several factors, including pandemic-era supply chain disruptions and strong consumer demand brought on, in part, by government stimulus."

So major sectors DID hike prices substantially.  Not the primary driver for inflation but a contributor.

And they note the real drivers, just as I've been crushing you with for months, supply chains destroyed during Trump's term AND the $2.7T worth of stimulus and checks sent to the Americans.

Not a word about Joe's battle with the energy sector which you claim is the reason for inflation.

Once again, I'm right, you're wrong.  And Mooney is correct as well.  You are literally always wrong. 

HA HA

[Sean Mooney 1,938]

1 minute ago, RLLD said:

I did, and I also understand you cannot accept what it asserts, and that is fine.....though your insistence to ignore what it states is hopefully isolated more to people such as yourself....though sadly I think politicians pervert it for their personal gain, and you just latch on to that....rather than be philosophically honest

You didn't. Again- I said there is some blame to corporate greed- but I clearly put it after 4-5 different factors. You decided I was saying it was solely that. And then linked to a video talking about a fed reserve piece that studied this.

The article on CNN that they use is titled this: "Think corporate greed is the leading cause of inflation? Think again". I never said it was the leading cause so I'm good there.

The study also shows: "

The Fed researchers did find that some companies exercised pricing power by raising prices above their production costs – a gap known as markups.

For instance, markups spiked for gasoline, cars and other goods in 2021. Likewise, there were increased markups for repair, general merchandise, laundry, personal care and other services, according to the Fed."

Which again matches up with what I said. 

Also, the study never mentions corporate greed, shrinkflation, or Biden in any way. 

 

So yet again- I made a comment, the study supports what I said. I'm glad you keep wanting to prove me right. Now go ahead and say something stupid and obtuse ignoring the overall point. 

[Hardcore troubadour 14,944]

Everyone was benefiting under the the Trump economy. There wasn’t much debate about that. But there were those kids in cages and other nonsense they invented for us. 

[RLLD 4,143]

Just now, Sean Mooney said:

You didn't. Again- I said there is some blame to corporate greed- but I clearly put it after 4-5 different factors. You decided I was saying it was solely that. And then linked to a video talking about a fed reserve piece that studied this.

The article on CNN that they use is titled this: "Think corporate greed is the leading cause of inflation? Think again". I never said it was the leading cause so I'm good there.

The study also shows: "

The Fed researchers did find that some companies exercised pricing power by raising prices above their production costs – a gap known as markups.

For instance, markups spiked for gasoline, cars and other goods in 2021. Likewise, there were increased markups for repair, general merchandise, laundry, personal care and other services, according to the Fed."

Which again matches up with what I said. 

Also, the study never mentions corporate greed, shrinkflation, or Biden in any way. 

 

So yet again- I made a comment, the study supports what I said. I'm glad you keep wanting to prove me right. Now go ahead and say something stupid and obtuse ignoring the overall point. 

I did actually, and you seem to not understand it.

I already noted that I was targeting the inclusion of a single factor, when you then trotted out the " but I said these other things too!" ploy....and I reminded you then, as I will now, I am not speaking to those others.....ignore it again as you see fit and pretend I did not do so....

Then you went and found the outlier element, which of course exists.....as if to say "see!! some do it!!" and demonstrate your further ignorance as if to suggest that the occasional outlier must confirm that corporate greed is the source......and later....when some liberal does something bad....you will pretend "oh, well its not that common so its no proof!!"

You see, your logic is malleable.

The report confirms what we already know, the wide spread pain of inflation is not corporate greed at all

So yet again, you show the lack of comprehension of macro economics that defines liberals....and ensures stupid policies fan inflation

 

[GutterBoy 2,898]

2 minutes ago, Hardcore troubadour said:

Everyone was benefiting under the the Trump economy. There wasn’t much debate about that. But there were those kids in cages and other nonsense they invented for us. 

Poor people are still poor, people were living paycheck to paycheck.  Rich people and corporations benefited due to tax cuts and lax regulations.

[Hardcore troubadour 14,944]

1 minute ago, GutterBoy said:

Poor people are still poor, people were living paycheck to paycheck.  Rich people and corporations benefited due to tax cuts and lax regulations.

Strong rebuttal Gutterboy.  I feel enlightened. 

[Hardcore troubadour 14,944]

How come when leftards talk about the Trump tax cuts, they never mention that the Trump tax cuts doubled the child credit deduction? That surely helped out poor and middle class families. And they never mention the lowering of the SALT deduction, which affected higher earners? Weird, right? Half the story? Who does that? 

[Sean Mooney 1,938]

14 minutes ago, RLLD said:

I did actually, and you seem to not understand it.

I already noted that I was targeting the inclusion of a single factor, when you then trotted out the " but I said these other things too!" ploy....and I reminded you then, as I will now, I am not speaking to those others.....ignore it again as you see fit and pretend I did not do so....

Then you went and found the outlier element, which of course exists.....as if to say "see!! some do it!!" and demonstrate your further ignorance as if to suggest that the occasional outlier must confirm that corporate greed is the source......and later....when some liberal does something bad....you will pretend "oh, well its not that common so its no proof!!"

You see, your logic is malleable.

The report confirms what we already know, the wide spread pain of inflation is not corporate greed at all

So yet again, you show the lack of comprehension of macro economics that defines liberals....and ensures stupid policies fan inflation

 

Again a lot of words to argue against a point I never made....have fun being obtuse at someone else. 

Also, go ##### yourself with the political team rooting stuff. It just undercuts the point you are trying to make and makes you look like a flaming idiot. 

[Sean Mooney 1,938]

Also good to remind oneself that pages ago in this thread I pointed out how there were studies and polls being done on the idea that people felt like they were good financially but the economy was bad overall which showed that perception and reality were not in line with one another.

RLLD's response was "DUH PEOPLE SHOULD VOTE DEY FEELZ!" 

But now it benefits him so he says "BUT DA FAX!!"

[RLLD 4,143]

10 minutes ago, Sean Mooney said:

Again a lot of words to argue against a point I never made....have fun being obtuse at someone else. 

Also, go ##### yourself with the political team rooting stuff. It just undercuts the point you are trying to make and makes you look like a flaming idiot. 

You did, it was in your post. I highlighted it. Now if it is your move.... at this time....  to suggest you did  not make that assertion.  Fine. I accept this maneuver as a retraction of that posting.

[Sean Mooney 1,938]

13 minutes ago, RLLD said:

You did, it was in your post. I highlighted it. Now if it is your move.... at this time....  to suggest you did  not make that assertion.  Fine. I accept this maneuver as a retraction of that posting.

Is this now where I can make up something you said and then argue against it- while proving you right time and again- like you've done to me for a day now?

[RLLD 4,143]

1 minute ago, Sean Mooney said:

Is this now where I can make up something you said and then argue against it- while proving you right time and again- like you've done to me for a day now?

Not at all....that you would seek to now pretend you never posted it from the start is enough for me. Now....armed with this, please reach out to your local representatives and ask them to stop lying about it....because lying about it is much worse....as when they lied about the presence of inflation.....people might make financial decisions from those lies....and that is very bad.

[Sean Mooney 1,938]

Just now, RLLD said:

Not at all....that you would seek to now pretend you never posted it from the start is enough for me. Now....armed with this, please reach out to your local representatives and ask them to stop lying about it....because lying about it is much worse....as when they lied about the presence of inflation.....people might make financial decisions from those lies....and that is very bad.

Dude- please find where I said that corporate greed was the sole cause of inflation- which is what the video (that you watched) talked about the study (that you absolutely did not read) talked about. You literally copied a post I made and highlighted the last two words to prove a point that I didn't argue and now have spent the better part of a day arguing against that. I'm not sure why you feel the need to make up things to argue against. 

I'll wait. 

[RLLD 4,143]

3 minutes ago, Sean Mooney said:

Dude- please find where I said that corporate greed was the sole cause of inflation- which is what the video (that you watched) talked about the study (that you absolutely did not read) talked about. You literally copied a post I made and highlighted the last two words to prove a point that I didn't argue and now have spent the better part of a day arguing against that. I'm not sure why you feel the need to make up things to argue against. 

I'll wait. 

As I stated.....repeatedly.... you never said it was the sole cause, and I never suggested that you stated it was the sole cause....but you listed it as a cause, and it is not.

[Sean Mooney 1,938]

4 minutes ago, RLLD said:

As I stated.....repeatedly.... you never said it was the sole cause, and I never suggested that you stated it was the sole cause....but you listed it as a cause, and it is not.

And as I stated repeatedly- the article agrees with me and the study shows that there were markups in certain premium areas which means that even if it didn't actively push it up, it certainly wasn't pushing it down either. So again- I am correct in saying there is some aspect of it here but it trails many other, deeper contributing factors.

Glad you came around. 

[BeachGuy23 642]

10 minutes ago, RLLD said:

As I stated.....repeatedly.... you never said it was the sole cause, and I never suggested that you stated it was the sole cause....but you listed it as a cause, and it is not.

Bro your own link said that gas and cars markups exceeded their cost increases.  That contributed to inflation unless you think that fuel and car prices don't impact inflation.

[RLLD 4,143]

4 minutes ago, Sean Mooney said:

And as I stated repeatedly- the article agrees with me and the study shows that there were markups in certain premium areas which means that even if it didn't actively push it up, it certainly wasn't pushing it down either. So again- I am correct in saying there is some aspect of it here but it trails many other, deeper contributing factors.

Glad you came around. 

As I have stated repeatedly, the article refutes your inclusion of corporate greed as a factor, it does not assert that it does not happen, just that it is a factor..... your pulling back on it is good enough for now. its progress for you   

[RLLD 4,143]

Just now, BeachGuy23 said:

Bro your own link said that gas and cars markups exceeded their cost increases.  That contributed to inflation unless you think that fuel and car prices don't impact inflation.

I concur with the Fed;s analysis that it is not a factor, if you dispute this perhaps you should reach out to them and urge them to reconsider.

[Sean Mooney 1,938]

Just now, RLLD said:

As I have stated repeatedly, the article refutes your inclusion of corporate greed as a factor, it does not assert that it does not happen, just that it is a factor..... your pulling back on it is good enough for now. its progress for you   

I already accepted your resignation to my side of the argument...Please later come back to the thread again to repeat what I said and tell me I was right. Maybe you can find another skeleton video. 

[Sean Mooney 1,938]

2 minutes ago, BeachGuy23 said:

Bro your own link said that gas and cars markups exceeded their cost increases.  That contributed to inflation unless you think that fuel and car prices don't impact inflation.

He didn't read the study. He is going off the summary of the YouTube guy with 350K subscribers and a skeleton in the background as he podcasts from a dungeon. 

[RLLD 4,143]

1 minute ago, Sean Mooney said:

I already accepted your resignation to my side of the argument...Please later come back to the thread again to repeat what I said and tell me I was right. Maybe you can find another skeleton video. 

Just try to grow from this point.  The most important thing is to first avoid the false information (in this case corporate greed being a factor), because then you can later arrive at the actual causes and not waste time whining about pointless elements that do not help at all  you are doing pretty good, keep it up

[supermike80 1,804]

1 hour ago, Hardcore troubadour said:

How come when leftards talk about the Trump tax cuts, they never mention that the Trump tax cuts doubled the child credit deduction? That surely helped out poor and middle class families. And they never mention the lowering of the SALT deduction, which affected higher earners? Weird, right? Half the story? Who does that? 

Don't forget that many people received tax cuts, not just the rich.  The message has always been that ONLY the rich got those cuts.  Which is 100% fake news.

But suck it up media suckers

[RLLD 4,143]

2 minutes ago, supermike80 said:

Don't forget that many people received tax cuts, not just the rich.  The message has always been that ONLY the rich got those cuts.  Which is 100% fake news.

But suck it up media suckers

I think we have to wait.   Tax cuts are not usually an immediate outcome kind of thing, it can take years to really measure their impacts. And honestly, they are brutally hard to predict.....

The markets being in constant evolution I am often surprised by the outcomes over time.  I would not point to any point in time when assessing the impacts, but instead look at a 5 year trend.....JMHO

[Sean Mooney 1,938]

4 minutes ago, RLLD said:

Just try to grow from this point.  The most important thing is to first avoid the false information (in this case corporate greed being a factor), because then you can later arrive at the actual causes and not waste time whining about pointless elements that do not help at all  you are doing pretty good, keep it up

This will help you the next time you want to try and enter an argument here and use something you have to read to prove a point:

https://www.scholastic.com/parents/books-and-reading/reading-resources/developing-reading-skills/improve-reading-comprehension.html 

I also appreciate that you don't see the irony in using a video that is clearly coming from someone with a bias who is filtering the study through that bias. 

 

How long do you want to go back and forth with the condescending sniping at one another? Just want to know how much of my day to plan to lose.

[RLLD 4,143]

2 minutes ago, Sean Mooney said:

This will help you the next time you want to try and enter an argument here and use something you have to read to prove a point:

https://www.scholastic.com/parents/books-and-reading/reading-resources/developing-reading-skills/improve-reading-comprehension.html 

I also appreciate that you don't see the irony in using a video that is clearly coming from someone with a bias who is filtering the study through that bias. 

 

How long do you want to go back and forth with the condescending sniping at one another? Just want to know how much of my day to plan to lose.

I am happy to conclude the discussion, but prefer to not be rude by ignoring your response. Again, I am satisfied that you now understand that your initial assertion that corporate greed was a factor has been suitably refuted by the Fed.

[Sean Mooney 1,938]

2 minutes ago, RLLD said:

I am happy to conclude the discussion, but prefer to not be rude by ignoring your response. Again, I am satisfied that you now understand that your initial assertion that corporate greed was a factor has been suitably refuted by the Fed.

Good. I am satisfied that you now understand that you made up an argument and posted an article refuting something I never argued in the first place. Good times. 

[RLLD 4,143]

10 minutes ago, Sean Mooney said:

Good. I am satisfied that you now understand that you made up an argument and posted an article refuting something I never argued in the first place. Good times. 

Tell yourself what you require sport. 

[Sean Mooney 1,938]

8 minutes ago, RLLD said:

Tell yourself what you require sport. 

Tell yourself what you require as well sport 

[RLLD 4,143]

8 minutes ago, Sean Mooney said:

Tell yourself what you require as well sport 

I will, and thank you for the mostly respectful back and forth.  I managed to learn a thing or two from my research, and learning is the key to understanding.  

[edjr 6,578]

 

[edjr 6,578]

 

[RLLD 4,143]

https://www.foodandwine.com/americans-skipping-meals-credit-karma-survey-8660569
 

 

[TimHauck 2,621]

Wait… is @RLLD trying to argue that corporate greed was not a factor in inflation the past few years?

[TimHauck 2,621]

59 minutes ago, RLLD said:

https://www.foodandwine.com/americans-skipping-meals-credit-karma-survey-8660569
 

 

The Kellogg’s CEO says they should just eat cereal for dinner.

But corporate greed wasn’t a factor in inflation, lol

[Hardcore troubadour 14,944]

I remember the good old days before corporate greed. Back then they would keep the prices low to be nice. When America was great.