What is Federal Reserve Chairman Jerome Powell going to do today? Meeting at 2:30 EST

[Sean Mooney 1,983]

1 minute ago, RLLD said:

Biden has the ONLY part in reacting to the increase of inflation, well he and Yellen, but no one else....no prior President....no prior politician was making those decisions.....HE was.....you cannot play the "but Trump" game here

We are talking about the behaviors of a President after he was elected, and HIS mistakes that HE made....

Holy sh!t dude. Why are you being dense?

Biden bears blame. Trump bears blame because some things he did helped lead to inflation. It is not "but Trump." It is saying "all these people."

You are saying "All Biden, not Trump." You are also way wrong. 

[Horseman 2,458]

Call the police!  RLLD just murdered a low rent substitute teacher!

[RLLD 4,230]

5 minutes ago, Sean Mooney said:

Holy sh!t dude. Why are you being dense?

Biden bears blame. Trump bears blame because some things he did helped lead to inflation. It is not "but Trump." It is saying "all these people."

You are saying "All Biden, not Trump." You are also way wrong. 

Please stop and read.....just read for a moment.....

ALL PRESIDENTS OVERSEE AND INFLUECE INFLATION.....ALLLLLL OFFFFFF THEMMMMMM

Now, when Biden was in office it was his turn to manage it, and instead he pretended it wasnt getting worse, he lied to us......and then later when he could no longer lie he tald s a new lie, "its transitory"....

He had chances to not mismanagedinflation under his watch, and he failed.  Period.

[Sean Mooney 1,983]

4 minutes ago, RLLD said:

Please stop and read.....just read for a moment.....

ALL PRESIDENTS OVERSEE AND INFLUECE INFLATION.....ALLLLLL OFFFFFF THEMMMMMM

Now, when Biden was in office it was his turn to manage it, and instead he pretended it wasnt getting worse, he lied to us......and then later when he could no longer lie he tald s a new lie, "its transitory"....

He had chances to not mismanagedinflation under his watch, and he failed.  Period.

Now you please stop and read....just read for a moment.....

I HAVE NEVER EXCUSED BIDEN FOR HIS ROLE AND THE THINGS HE DID THAT ENHANCED AND EXACERBATED INFLATION....NEEEEEVVVVVVEEEEEERRRRRRRR

Now acknowledging that it is also fair to say there are things his predecessor did that helped set up inflation to hit. It is also fair to say COVID helped influence some things to hit inflation wise. It is also fair to say there were other things worldwide that helped set up inflation to hit. None of that thought- NONE OF IT- excuses what Biden did no matter how many times you scream "whataboutism"

Other people pointed out the fact in agreement that two presidencies helped lead into this. One person even said "ANyone who says otherwise is playing politics...." and yet here you are refusing to answer a simple question of what blame you give Trump for helping lead into inflation.

Yes Biden did some things wrong. Of course some of what he- and the Fed- did some economists say helped prevent a recession but I don't want to wade you down that path because if you can't handle answering a simple question right now, adding more factors in is just going to break your brain. 

[Patented Phil 1,469]

Sorry, but Biden owns the destructive inflation that has ruined this country.  It’ll take a generation to rectify it, too.  Let’s put this way - I got a massive promotion 4 years ago, just about doubled my salary (and I was doing well to begin with).  My overall standard of living is down from where it was prior to that.

I was at the Philly airport yesterday and grabbed lunch - a cheesesteak, cheese fries, and a coke.  $28.  How in the hell are average wage earners surviving right now?  I have a hunch that everyone is just accumulating debt.

[purdygood 352]

Just now, Sean Mooney said:

Now you please stop and read....just read for a moment.....

I HAVE NEVER EXCUSED BIDEN FOR HIS ROLE AND THE THINGS HE DID THAT ENHANCED AND EXACERBATED INFLATION....NEEEEEVVVVVVEEEEEERRRRRRRR

Now acknowledging that it is also fair to say there are things his predecessor did that helped set up inflation to hit. It is also fair to say COVID helped influence some things to hit inflation wise. It is also fair to say there were other things worldwide that helped set up inflation to hit. None of that thought- NONE OF IT- excuses what Biden did no matter how many times you scream "whataboutism"

Other people pointed out the fact in agreement that two presidencies helped lead into this. One person even said "ANyone who says otherwise is playing politics...." and yet here you are refusing to answer a simple question of what blame you give Trump for helping lead into inflation.

Yes Biden did some things wrong. Of course some of what he- and the Fed- did some economists say helped prevent a recession but I don't want to wade you down that path because if you can't handle answering a simple question right now, adding more factors in is just going to break your brain. 

Obviously, if you vote for Trump. Day one of his presidency everyone's pay will double and the price of everything will be cut in half. (In half, inflation sminflation). That's just Trumponomic's 101.(Buy that hat)  Many people are saying (many people) (some of the best people) (who will be fired soon)

[Horseman 2,458]

To the topic.  The market is loving it.  Still wish they would have waited until the end of the year, oh well.  Leave it alone for a while Jerome.  

[Sean Mooney 1,983]

15 minutes ago, Patented Phil said:

Sorry, but Biden owns the destructive inflation that has ruined this country.  It’ll take a generation to rectify it, too.  Let’s put this way - I got a massive promotion 4 years ago, just about doubled my salary (and I was doing well to begin with).  My overall standard of living is down from where it was prior to that.

I was at the Philly airport yesterday and grabbed lunch - a cheesesteak, cheese fries, and a coke.  $28.  How in the hell are average wage earners surviving right now?  I have a hunch that everyone is just accumulating debt.

That would almost be statistically impossible. 

Also, buying food at an already inflated venue (and I get it, you are in an airport and your hungry- you're stuck) isn't compelling evidence necessarily. It's far more compelling if someone says a gallon of milk was 3 dollars and is now 4 or something like that. 

[purdygood 352]

Just now, Sean Mooney said:

That would almost be statistically impossible. 

Also, buying food at an already inflated venue (and I get it, you are in an airport and your hungry- you're stuck) isn't compelling evidence necessarily. It's far more compelling if someone says a gallon of milk was 3 dollars and is now 4 or something like that. 

Haha Seriously, is your wife stealing your money?   Maybe check your bank account more often dude. How has your pay doubled (which inflation has not) but your quality of life has gone down.  Maybe see a therapist. You should be "making it rain" then.  Maybe you are making bad money decisions.   I say this as gently as possible.

[Horseman 2,458]

2 minutes ago, Sean Mooney said:

That would almost be statistically impossible. 

Also, buying food at an already inflated venue (and I get it, you are in an airport and your hungry- you're stuck) isn't compelling evidence necessarily. It's far more compelling if someone says a gallon of milk was 3 dollars and is now 4 or something like that. 

Too easy.

4-5 years ago they'd print a coupon on the front page of the flyer every week for a half gallon of milk $0.99.  Now it's $2.79.

[purdygood 352]

Just now, Horseman said:

Too easy.

4-5 years ago they'd print a coupon on the front page of the flyer every week for a half gallon of milk $0.99.  Now it's $2.79.

Why are the Cow/Milk Farmer's and Super Market's gouging us? Is the question you should be asking.

[jerryskids 6,799]

3 hours ago, shadrap said:

in 2022 Biden got the dem bill passed, the Inflation Reduction act.   close to the largest spending bill ever.  Pro tip:  when they name a bill it usually means the opposite.  The fairness doctrine bill comes to mind.  thankfully it didn't pass.

That's why I always refer to it here as the "Inflation Increase Act."  If any economists told Biden that dumping a bunch of money into the economy would lower inflation, their diploma isn't worth the paper it's printed on.

Regarding the discussion between Sean and RLLD:  both presidents did such things.  The difference is that Trump did it while we were neck deep in the pandemic, so you could at least argue it was worth the tradeoff.  Biden did it for no such reason -- we were long past the imminent danger of Covid.

[Horseman 2,458]

2 minutes ago, purdygood said:

Why are the Cow/Milk Farmer's and Super Market's gouging us? Is the question you should be asking.

 Einstein here thinks cow farmers are getting rich. Not sure it's possible to be more out of touch than that.

[purdygood 352]

Just now, Horseman said:

 Einstein here thinks cow farmers are getting rich. Not sure it's possible to be more out of touch than that.

Some of them are, it's called Agricultural Subsidies.

[Sean Mooney 1,983]

18 minutes ago, purdygood said:

Why are the Cow/Milk Farmer's and Super Market's gouging us? Is the question you should be asking.

The Kroger CEO did say that, ""On milk and eggs, retail inflation has been significantly higher than cost inflation."

I doubt that all went to farmer's but a lot of it went to super markets in the Kroger family. 

He also said this, "“Our business operates the best when inflation is about 3% to 4%…A little bit of inflation is always good in our business.” Which I mean he's right, but it doesn't really make them innocent in all of this. 

[purdygood 352]

Just now, Sean Mooney said:

The Kroger CEO did say that, ""On milk and eggs, retail inflation has been significantly higher than cost inflation."

I doubt that all went to farmer's but a lot of it went to super markets in the Kroger family. 

He also said this, "“Our business operates the best when inflation is about 3% to 4%…A little bit of inflation is always good in our business.” Which I mean he's right, but it doesn't really make them innocent in all of this. 

I get it, when times are tough companies "have to" raise prices. But when profits are at all time highs, they NEVER lower them.  It's a vicious cycle.

[Sean Mooney 1,983]

Just now, purdygood said:

I get it, when times are tough companies "have to" raise prices. But when profits are at all time highs, they NEVER lower them.  It's a vicious cycle.

Yeah it's business. It sucks, but it is. The gist of the first quote from the Kroger CEO was that they raised the prices above what they would've needed to in order to keep their normal margins. 

[edjr 6,592]

5 minutes ago, Sean Mooney said:

The Kroger CEO did say that, ""On milk and eggs, retail inflation has been significantly higher than cost inflation."

 

What does Chad Kroger have to say?

[jerryskids 6,799]

26 minutes ago, Sean Mooney said:

The Kroger CEO did say that, ""On milk and eggs, retail inflation has been significantly higher than cost inflation."

I doubt that all went to farmer's but a lot of it went to super markets in the Kroger family. 

He also said this, "“Our business operates the best when inflation is about 3% to 4%…A little bit of inflation is always good in our business.” Which I mean he's right, but it doesn't really make them innocent in all of this. 

Interesting, thanks.  I wonder what their overall margins are?  I doubt they have the same margins on every item.  Perhaps the higher prices on milk and eggs help to subsidize other items which break even or maybe lose money.

[Patented Phil 1,469]

1 hour ago, Sean Mooney said:

That would almost be statistically impossible. 

Also, buying food at an already inflated venue (and I get it, you are in an airport and your hungry- you're stuck) isn't compelling evidence necessarily. It's far more compelling if someone says a gallon of milk was 3 dollars and is now 4 or something like that. 

Dude, it’s everywhere.  Restaurants, groceries… add in the fact that everything now requires a tip…. Plus shrinkflation.  I just came back from chik-fil-a and I got 12 grilled nuggets (about 2/3rds of a single chicken breast), a crispy kale salad (a handful of kale) and a medium coke.  $18 - and an hour later I’m hungry again.  I feel like 5 years ago that meal would have been $12, with a lot more volume.  So that’s a 50% increase over a 5 year period.  If the average salary went up 5% per year, that’s only a 22% increase over 5 years.

And rents have gone up an astounding amount, not to mention interest rates to buy cars and houses…. Like I said, I am doing well but it sure doesn’t feel like it.  And I can’t imagine how average wage earners are getting by.

[Horseman 2,458]

Grocery store margins are 1% to 3%, one of the lowest industries there is, and the lemmings think they're the ones causing the prices to rise 30%.  

[RLLD 4,230]

1 hour ago, Sean Mooney said:

Now you please stop and read....just read for a moment.....

I HAVE NEVER EXCUSED BIDEN FOR HIS ROLE AND THE THINGS HE DID THAT ENHANCED AND EXACERBATED INFLATION....NEEEEEVVVVVVEEEEEERRRRRRRR

Now acknowledging that it is also fair to say there are things his predecessor did that helped set up inflation to hit. It is also fair to say COVID helped influence some things to hit inflation wise. It is also fair to say there were other things worldwide that helped set up inflation to hit. None of that thought- NONE OF IT- excuses what Biden did no matter how many times you scream "whataboutism"

Other people pointed out the fact in agreement that two presidencies helped lead into this. One person even said "ANyone who says otherwise is playing politics...." and yet here you are refusing to answer a simple question of what blame you give Trump for helping lead into inflation.

Yes Biden did some things wrong. Of course some of what he- and the Fed- did some economists say helped prevent a recession but I don't want to wade you down that path because if you can't handle answering a simple question right now, adding more factors in is just going to break your brain. 

My point remains....as it always has been....Biden mishandled it, lied to us repeatedly, and missed opportunities to get more ahead of it.....Trump was never part of it, nor was Obama or anyone else....

So stop trying to muddy the waters with pointless and irrelevant topics

[RLLD 4,230]

2 hours ago, zsasz said:

RLLD getting taken to school here. Kid needs to find better "Guy In Pickup Truck Explaining The Economy" and "BiDEn BaDDD!!!!" videos on the YouTubes.  

Please do explain how calling out the starman attempt is being schooled, I am actually sorta interested now.....

[Sean Mooney 1,983]

17 hours ago, edjr said:

What does Chad Kroger have to say?

I believe he said "We got no fear, no doubt, all in balls out."

[Sean Mooney 1,983]

17 hours ago, jerryskids said:

Interesting, thanks.  I wonder what their overall margins are?  I doubt they have the same margins on every item.  Perhaps the higher prices on milk and eggs help to subsidize other items which break even or maybe lose money.

The quote didn't get that into the weeds that I saw from him. I would assume the quote seems to indicate they knew the overall margins overall and wasn't treating them as subsidizing the other items in the store. But unsure one way or the other

17 hours ago, Patented Phil said:

Dude, it’s everywhere.  Restaurants, groceries… add in the fact that everything now requires a tip…. Plus shrinkflation.  I just came back from chik-fil-a and I got 12 grilled nuggets (about 2/3rds of a single chicken breast), a crispy kale salad (a handful of kale) and a medium coke.  $18 - and an hour later I’m hungry again.  I feel like 5 years ago that meal would have been $12, with a lot more volume.  So that’s a 50% increase over a 5 year period.  If the average salary went up 5% per year, that’s only a 22% increase over 5 years.

And rents have gone up an astounding amount, not to mention interest rates to buy cars and houses…. Like I said, I am doing well but it sure doesn’t feel like it.  And I can’t imagine how average wage earners are getting by.

1.) How many more nuggets are you thinking you would've received 5 years ago?

2.) Your numbers are nice but you said you salary almost doubled and your overall standard of living is down. Again- that's nearly statistically impossible.

3.) Maybe don't eat out so much?

[Sean Mooney 1,983]

17 hours ago, RLLD said:

My point remains....as it always has been....Biden mishandled it, lied to us repeatedly, and missed opportunities to get more ahead of it.....Trump was never part of it, nor was Obama or anyone else....

So stop trying to muddy the waters with pointless and irrelevant topics

 

17 hours ago, RLLD said:

Please do explain how calling out the starman attempt is being schooled, I am actually sorta interested now.....

You've done enough to torpedo whatever credibility you had left that I don't even need to drill down into anything else you've said. So I'll leave it at this- you would rather play politics than assign blame to all parties. It's funny- you hate how liberals do that and yet here you are doing it over and over. Everybody sees you for what you are now- a partisan hack who wants to believe they are of a higher intelligence than others here. The worst part for you is- I didn't even really have to, nor was I trying to expose that in you

Now word salad away

[RLLD 4,230]

13 minutes ago, Sean Mooney said:

 

You've done enough to torpedo whatever credibility you had left that I don't even need to drill down into anything else you've said. So I'll leave it at this- you would rather play politics than assign blame to all parties. It's funny- you hate how liberals do that and yet here you are doing it over and over. Everybody sees you for what you are now- a partisan hack who wants to believe they are of a higher intelligence than others here. The worst part for you is- I didn't even really have to, nor was I trying to expose that in you

Now word salad away

Please, portraying me as something I am not will not work here, the standard resort when your argument is insufficient, attack the person instead of discussing, I wont be allowing that to simply pass.

You want to pretend " but Trump" when Trump had nothing to do with this.  I don't accept your attempt to deflect from Bidens mistakes and the consequences of those mistakes by turning the conversation away from "Mistakes made that inflamed inflation" toward, "But there was inflation under Trump".

As stated ALL FOCKING PRESIDENTS FACE INFLATION.....

NOT ALL FOCKING PRESIDENTS IMPLEMENT POLICY THAT INFLAMES IT

[Sean Mooney 1,983]

6 minutes ago, RLLD said:

Please, portraying me as something I am not will not work here, the standard resort when your argument is insufficient, attack the person instead of discussing, I wont be allowing that to simply pass.

You want to pretend " but Trump" when Trump had nothing to do with this.  I don't accept your attempt to deflect from Bidens mistakes and the consequences of those mistakes by turning the conversation away from "Mistakes made that inflamed inflation" toward, "But there was inflation under Trump".

As stated ALL FOCKING PRESIDENTS FACE INFLATION.....

NOT ALL FOCKING PRESIDENTS IMPLEMENT POLICY THAT INFLAMES IT

Yes we've seen the argument you've made for 24 hours now dancing all over the questions. I laid out claims, I supported them, you continued to dance around the question and make baseless accusations (which humorously you are so bigly mad about now.). I acknowledged Biden's role I said Trump laid some kindling out and lit a match....you took that to mean I was deflecting to Trump. Again- even though i outright agreed on Biden's role in all of it. You just responses with the word "whataboutism" a bunch of times. And now you are resorting to lot sof capitol letters again. You've gone almost full unhinged.

Keep saying the same things that don't represent what I said. I got no problem watching you own goal yourself for a second day.

[Horseman 2,458]

Mooney is one of those teachers that just puts the video in and pushes play.  

[RLLD 4,230]

54 minutes ago, Sean Mooney said:

Yes we've seen the argument you've made for 24 hours now dancing all over the questions. I laid out claims, I supported them, you continued to dance around the question and make baseless accusations (which humorously you are so bigly mad about now.). I acknowledged Biden's role I said Trump laid some kindling out and lit a match....you took that to mean I was deflecting to Trump. Again- even though i outright agreed on Biden's role in all of it. You just responses with the word "whataboutism" a bunch of times. And now you are resorting to lot sof capitol letters again. You've gone almost full unhinged.

Keep saying the same things that don't represent what I said. I got no problem watching you own goal yourself for a second day.

You laid out nothing....as usual.....  I made a point about Bidens mishandling and you trotted out the standard deflection of "but Trump"....instead of discussing it.

Trump is not relevant and the "but Trump is bad "or "but Trump this or that" is just noise....and has no place....copying liberal tactics or media playbooks is not what you want to do here

I am saying the same thing, because you still refuse to end the "but Trump" bullsht....its a lazy tactic, be better

[Sean Mooney 1,983]

14 minutes ago, RLLD said:

You laid out nothing....as usual.....  I made a point about Bidens mishandling and you trotted out the standard deflection of "but Trump"....instead of discussing it.

Trump is not relevant and the "but Trump is bad "or "but Trump this or that" is just noise....and has no place....copying liberal tactics or media playbooks is not what you want to do here

I am saying the same thing, because you still refuse to end the "but Trump" bullsht....its a lazy tactic, be better

Again- I multiple times laid blame on Biden for his role. Multiple times. I even agreed with what you said about Biden. I pointed out that there are some things Trump did that helped lead into the inflation. But never did I do that in place of moving blame from Biden. I even said that to you multiple times. I then asked what blame you give Trump. You have avoided that question numerous times now.

You continue to look idiotic and own goal yourself as the partisan hack you are.....be better

[RLLD 4,230]

1 minute ago, Sean Mooney said:

Again- I multiple times laid blame on Biden for his role. Multiple times. I even agreed with what you said about Biden. I pointed out that there are some things Trump did that helped lead into the inflation. But never did I do that in place of moving blame from Biden. I even said that to you multiple times. I then asked what blame you give Trump. You have avoided that question numerous times now.

You continue to look idiotic and own goal yourself as the partisan hack you are.....be better

Agree.....now....STOP doing this......

The topic was Biden's mishandling........interjecting.....but Trump did some things is a deflection.   You could make a case for including it if Biden were still running but he is not....

So....instead of the "but Trump" laziness as some effort to say " OK, Biden made some mistakes, but so did Trump....."  INTEAD of that, let Biden be held accountable.....on his own....

[edjr 6,592]

20 hours ago, Patented Phil said:

Sorry, but Biden owns the destructive inflation that has ruined this country.  It’ll take a generation to rectify it, too.  Let’s put this way - I got a massive promotion 4 years ago, just about doubled my salary (and I was doing well to begin with).  My overall standard of living is down from where it was prior to that.

I was at the Philly airport yesterday and grabbed lunch - a cheesesteak, cheese fries, and a coke.  $28.  How in the hell are average wage earners surviving right now?  I have a hunch that everyone is just accumulating debt.

what kind of a donk eats at the airport if its not being expensed?

[edjr 6,592]

1 hour ago, Horseman said:

Mooney is one of those teachers that just puts the video in and pushes play.  

Tranny stripping?

[Sean Mooney 1,983]

1 minute ago, RLLD said:

Agree.....now....STOP doing this......

The topic was Biden's mishandling........interjecting.....but Trump did some things is a deflection.   You could make a case for including it if Biden were still running but he is not....

So....instead of the "but Trump" laziness as some effort to say " OK, Biden made some mistakes, but so did Trump....."  INTEAD of that, let Biden be held accountable.....on his own....

I guess you've dunked on yourself enough now that you are ready to admit to things you've been denying for over a day.

Nope wait- you want to continue saying I'm doing things I didn't. Well you were close

[RLLD 4,230]

1 minute ago, Sean Mooney said:

I guess you've dunked on yourself enough now that you are ready to admit to things you've been denying for over a day.

Nope wait- you want to continue saying I'm doing things I didn't. Well you were close

No dunking, correcting your lazy mistake.....and to be fair you are perhaps a product of your environment......when those you serve are called out, your move might automatically be to pretend we should care that someone else was bad.....well, if you feel that Trump was bad that is good a fine.....does not help.....is not relevant.....but if that assuages your pain that your preferred ideologue is an idiot who harms the weak.....do what you need 

[Sean Mooney 1,983]

2 minutes ago, edjr said:

Tranny stripping?

Ain't nobody wanna see that...well maybe that Maximum Overkill weirdo. He seems very concerned with trannys

[Sean Mooney 1,983]

Just now, RLLD said:

No dunking, correcting your lazy mistake.....and to be fair you are perhaps a product of your environment......when those you serve are called out, your move might automatically be to pretend we should care that someone else was bad.....well, if you feel that Trump was bad that is good a fine.....does not help.....is not relevant.....but if that assuages your pain that your preferred ideologue is an idiot who harms the weak.....do what you need 

There's the word salad.

Whatever helps you sleep at night partisan hack. You took some bad losses in this conversation. You should regroup. 

[TheNewGirl 1,491]

20 hours ago, purdygood said:

Some of them are, it's called Agricultural Subsidies.

Farmers are not getting rich off of subsidies. 

I know actual farmers, they are family. And due to rising costs of fuel, workers, local state and federal laws, they are suffering and have to increase their prices OR lower them to such a low prices so that someone actually buys their harvests. If selling price is too low, they do not make a profit like they did years ago. This is happening in every farming industry. 

Companies would rather buy something that's being shipped in from other countries because it's cheaper. Chicken, beef, fruits/vegetables, etc. 

 

[RLLD 4,230]

23 minutes ago, Sean Mooney said:

There's the word salad.

Whatever helps you sleep at night partisan hack. You took some bad losses in this conversation. You should regroup. 

If that is a word salad for you, then it does make sense why your reading comprehension seems so poorly developed and perhaps that is a reason for your lack of acumen on most topics.