Inflation Came In "Hotter" Than the Always-Surprised "Experts" Expected

Let's quote CNN to see how they're coping.

Stubbornly high US inflation grew stronger than expected in March

Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans' prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.

Yup. As I've mentioned, the Fed wants to save Biden by cutting rates in time for the election, thus flooding more newly-printed dollars into the economy, but they can't as long as inflation keeps coming in "hotter than expected."

Just in time for the election, too.

The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree.

US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.
That's up considerably from February's 3.2% rate and marks the highest annual gain in the past six months. Friday's report further highlights that the path to lower inflation remains extremely bumpy -- and continue to be a drag on Americans' hard-earned finances -- and that any loosening of monetary policy might not happen soon.

The DOW fell 500 points on the unexpected-as-usual news. Sexton quotes Noted Lunatic Dwarf Paul Krugman insisting there is no inflation, there is just the partisan fantasy that inflation is real and painful.

But even the New York Times is dour about the news:

The unexpected re-acceleration in price growth across the economy is at least a temporary setback for President Biden, who has been banking on cooling inflation to lift his re-election prospects...
Wall Street analysts saw Wednesday's surprise pickup in the inflation rate as a sign that the Fed could leave rates on hold for months longer than expected. That could mean no cuts before the November election, a campaign where Mr. Biden's Republican opponent, former President Donald J. Trump, has slammed Mr. Biden for both rapid price increases and high borrowing costs.

Below, Black Conservative Perspective runs tape from an MSNBC focus group of swing state voters (in WI, MI, and PA), who call Biden's inflation "devastating" and that they feel "gaslit" by claims that Biden has fixed inflation.

That's in the first part of the clip if you want to see it. I've cued it up to the adulteress Mika Brzezinski having a meltdown over this and begging certified liar James Clyburn for some soothing talk that will bring her down from her panic.

Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

Posted by: Disinformation Expert Ace at 02:11 PM

Comments

(Jump to bottom of comments)

1 last

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:10 PM (GBKbO)

2 Well, the black folks ain't wrong.

Posted by: Aetius451AD at April 10, 2024 02:11 PM (di6C2)

3 The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree.

=======

Remember when some Fed official announced the successful soft landing like a year ago?

That was sweet.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:11 PM (GBKbO)

4 But they are counter-revolutionaries.

Posted by: Aetius451AD at April 10, 2024 02:11 PM (di6C2)

5 are experts hired by "surprised face" ratings?

Posted by: henry at April 10, 2024 02:11 PM (JMDly)

6 That's in the first part of the clip if you want to see it. I've cued it up to the adulteress Mika Brzezinski having a meltdown over this and begging certified liar James Clyburn for some soothing talk that will bring her down from her panic.

Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

========

If the people want this to stop, they need to be invested in making sure their votes are counted.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:12 PM (GBKbO)

7 5 are experts hired by "surprised face" ratings?
Posted by: henry at April 10, 2024 02:11 PM (JMDly)

As with everything, they are hired by loyalty and breast size.

Posted by: Aetius451AD at April 10, 2024 02:12 PM (di6C2)

8 Remember: the published rates are cooked to make Biden look good. The revisions will tell us how bad thiongs really are.

Posted by: henry at April 10, 2024 02:12 PM (JMDly)

9 If the people want this to stop, they need to be invested in making sure their votes are counted.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:12 PM (GBKbO)

Not just counted, but actually worth a damn. Meaning not diluted by all the other votes that should not be counted.

Posted by: Aetius451AD at April 10, 2024 02:13 PM (di6C2)

10 8 Remember: the published rates are cooked to make Biden look good. The revisions will tell us how bad thiongs really are.
Posted by: henry at April 10, 2024 02:12 PM (JMDly)

======

Remember, they've changed inflation calculations to make them look better than they are.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:13 PM (GBKbO)

11 9 If the people want this to stop, they need to be invested in making sure their votes are counted.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:12 PM (GBKbO)

Not just counted, but actually worth a damn. Meaning not diluted by all the other votes that should not be counted.
Posted by: Aetius451AD at April 10, 2024 02:13 PM (di6C2)

=======

"I'm watching ballot box stuffing right in front of me, but I can't do anything about it."

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:14 PM (GBKbO)

12 Interest on the national debt is projected to be $1.6 trillion this year. That's over twice the budget for defense.

Posted by: Meade Lux Lewis, Domestic Terrorist at April 10, 2024 02:14 PM (woPEM)

13 Hogwash! I was assured by that inflation was to be fixed by the totally accurate and not bait-and-switched named “Inflation Reduction Act”.

Posted by: Landofskybluewater at April 10, 2024 02:14 PM (Geoni)

14 For what it's worth, every time I see Janet "Dammit" Yellen, she looks like she's as surprised as anybody this darned economy just won't cooperate.

Of all the evil people in that administration, I don't believe she is one of them. I just think she's clueless.

If that's any better.

Posted by: BurtTC at April 10, 2024 02:14 PM (dGCAG)

15 Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

401ks are a MAGA conspiracy

Posted by: BruceWayne at April 10, 2024 02:16 PM (CIS44)

16 I mentioned earlier that Larry Summers (the former president of Harvard) and two other economists just wrote a paper showing that if the government still calculated inflation the way it did before 1983, inflation in 2022 would have been 18% - worse than under Carter.

Posted by: The ARC of History! at April 10, 2024 02:16 PM (YAtuc)

17 What we need is another rate hike, not a cut.

Posted by: Thomas Paine at April 10, 2024 02:16 PM (azqol)

18 Willowed 235 You realize that Captain Kirk could blow you up logically by telling you that you love to hate.
Posted by: Auspex at April 10, 2024 02:12 PM (j4U/Z)

Norman coordinate.....

Posted by: Anonymous Rogue in Kalifornistan (ARiK) at April 10, 2024 02:17 PM (hZvAD)

19 Oh, and I'm not going to watch that video. I can't stand Mika the moll. That dumb c*nt has to sit next to her husband every day, knowing he killed an intern, and that's why they have to do their hostage videos from their desk.

You made your bed, you pig, lie in it, like you lie on the air.

Posted by: BurtTC at April 10, 2024 02:17 PM (dGCAG)

20 17 What we need is another rate hike, not a cut.
Posted by: Thomas Paine at April 10, 2024 02:16 PM (azqol)

========

"We really need zero percent interest again."
-DEI departments

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:17 PM (GBKbO)

21 Willowed 235 You realize that Captain Kirk could blow you up logically by telling you that you love to hate.
Posted by: Auspex at April 10, 2024 02:12 PM (j4U/Z)

Norman coordinate.....
Posted by: Anonymous Rogue in Kalifornistan

It's a classic Kobiashi Maru

Posted by: BruceWayne at April 10, 2024 02:17 PM (CIS44)

22 Janet Yellen looks like she smells of elderberries and cat piss.

Posted by: Mr Aspirin Factory, red heifer owner at April 10, 2024 02:17 PM (R4t5M)

23 James Clyburn is still alive??

Posted by: Elric Blade at April 10, 2024 02:18 PM (iFTx/)

24 The left: There is no inflation, also the price increases you see are just because all the greedy companies raised prices at exactly the same time by the same percentages.

Also the left: Why do you wingnuts believe so many silly conspiracy theories like "inflation" or "economics" or "gravity"

Posted by: 18-1 at April 10, 2024 02:18 PM (ibTVg)

25 It took a president and a fed chair with a lot of courage to do what was necessary to wring inflation out of the economy in the early 80s.

We don't have that now.

We also don't have the leeway of a debt that represents 20% of GDP like we did in the 80s...

Posted by: Formerly Virginian at April 10, 2024 02:18 PM (JMAcK)

26 I hope I get to my 401k before the democrats do.

Posted by: Dr. Claw at April 10, 2024 02:18 PM (jbnUc)

27 Who are you going to believe, a dwarf that used to work for Enron, or your grocery store receipt?

Posted by: Thomas Paine at April 10, 2024 02:18 PM (azqol)

28 For what it's worth, every time I see Janet "Dammit" Yellen, she looks like she's as surprised as anybody this darned economy just won't cooperate.

Of all the evil people in that administration, I don't believe she is one of them. I just think she's clueless.

If that's any better.
Posted by: BurtTC at April 10, 2024 02:14 PM (dGCAG)

Judge her by the company she keeps.

Posted by: Oldcat at April 10, 2024 02:18 PM (eoQWY)

29 Within an order of magnitude, I'd say the real prices have gone up at least 100% in the last 3 and a half years. Call it 25~30% a year.

Posted by: Itinerant Alley Butcher at April 10, 2024 02:19 PM (3vcct)

30 Noted Lunatic Dwarf Paul Krugman insisting there is no inflation, there is just the partisan fantasy that inflation is real and painful.

My favorite Krugman bit was right before the 2016 election where he said he didn't know why so many people thought that the economy was bad - why, he looked around at the Upper West Side in Manhattan, where he lived, and things were just peachy there.

Posted by: The ARC of History! at April 10, 2024 02:19 PM (YAtuc)

31

The cost of my thorazine hasn't gone up at all!

Posted by: Paul at April 10, 2024 02:19 PM (i3+Oa)

32 As I've mentioned, the Fed wants to save Biden by cutting rates in time for the election, thus flooding more newly-printed dollars into the economy, but they can't as long as inflation keeps coming in "hotter than expected."

In a month or two they will simply lie more about the inflation rate to justify lowering interest rates.

Posted by: G'rump928(c) at April 10, 2024 02:20 PM (aD39U)

33 The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree.
++++
Not nearly big enough.

Of the two things that *really* need to happen, one (interest rates) was a desultory, reluctant, half-assed attempt and the other (cutting out deficit spending) didn't happen at all.

Both need to happen. The FedGov budget *must* stop going into the red *and* real interest rates need to be higher - probably about double where they are. The Fed should also probably be disgorging its asset base faster than it is, and burning the dollars they get in exchange. The Fed is trying to thread a tricky needle and the risks of an "accident" are high.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:20 PM (HnUIn)

34 I just heard Biden trying to speak and saying that, if you don't count food and energy, they fixed inflation and it is now down to 3% from 9%

Yay, everything people actually need in their day to day lives at least doubled in three years and is never going back to Trump-era prices. Hooray.

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:20 PM (Gakra)

35 30 Noted Lunatic Dwarf Paul Krugman insisting there is no inflation, there is just the partisan fantasy that inflation is real and painful.

My favorite Krugman bit was right before the 2016 election where he said he didn't know why so many people thought that the economy was bad - why, he looked around at the Upper West Side in Manhattan, where he lived, and things were just peachy there.
Posted by: The ARC of History! at April 10, 2024 02:19 PM (YAtuc)
________

Still are! So things must still be totes awesome.

Posted by: Elric Blade at April 10, 2024 02:20 PM (iFTx/)

36 Mika looks like she's been dragged through a hedge backwards, as my mom used to say.

Posted by: JCP at April 10, 2024 02:21 PM (OiYf4)

37 Mr. O'Spades, it is our job to tell people what to think.

Your reporting, and frankly, your attitude, aren't helping.

#BeBetter

Posted by: Mika Brzezinski at April 10, 2024 02:21 PM (a3Q+t)

38 If you have a 401k you ain't black !

Posted by: Hatari somewhere on Ventura Highway at April 10, 2024 02:21 PM (NtVYv)

39 The DOW fell 500 points on the unexpected-as-usual news. ...
++++
Back when Powell started flapping his gums back in December about rate potential for cuts this year, the Street started pricing in those cuts as an inevitability.

Now that they're no longer inevitable, the premature run-up will start leaking back out.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:21 PM (HnUIn)

40 Mika looks like she's been dragged through a hedge backwards, as my mom used to say.
Posted by: JCP at April 10, 2024 02:21 PM (OiYf4)

I like this

Posted by: Hatari somewhere on Ventura Highway at April 10, 2024 02:22 PM (NtVYv)

41 Rate cuts by the Fed? That's comedy. Congress keeps funding the feral gubmint with a 30% deficit. I'm sure congress will be cutting spending... Going to $36 trillion in debt, and now standing at $200 trillion in unfunded mandates. Not to alarm anyone but the Credit Default Swap arena now stands at $620+ trillion? Plus, outside the Clownworld, the other countries are de-dollarizing with more inflation is coming home to FUSA.

Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 02:22 PM (W3T6M)

42 Dow is tanking.... F'n great.

Posted by: Romeo13 at April 10, 2024 02:22 PM (xaFKb)

43 Both need to happen. The FedGov budget *must* stop going into the red *and* real interest rates need to be higher - probably about double where they are. The Fed should also probably be disgorging its asset base faster than it is, and burning the dollars they get in exchange. The Fed is trying to thread a tricky needle and the risks of an "accident" are high.
Posted by: Joe Mannix (Not a cop!) a

Also mass expansion of energy production. Drill baby drill.

Posted by: BruceWayne at April 10, 2024 02:22 PM (CIS44)

44 The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree.
++++

Heck, without a real budget I'm guessing we're still spending $1T annually from Obama's stimulus, aren't we?

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:22 PM (Gakra)

45 "The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree."

Exactly! The Fed has to sock the private sector even harder to soak up the freshly printed trillions.

Posted by: Oglebay at April 10, 2024 02:22 PM (ogTiX)

46 I suggest that statisticians from the BLS hire food tasters.

Posted by: Thomas Paine at April 10, 2024 02:22 PM (azqol)

47 Gaslighting is made for what the media is trying to do for Joe about the economy.

Goes to the gas station: Holy shit
Goes to the grocery store: Holy shit
Pays heating and cooling bill: Holy shit
Pays taxes while the fed prints money and operates at a deficit: Holy shit

Listens to media: You don't understand how good President Biden has made things for you. Ingrate!!

Posted by: Seems Legit at April 10, 2024 02:23 PM (JeYYB)

48 Folks say you're lying and "gaslighting" them about inflation, response?
Uh, more gaslighting.

Posted by: People's Hippo Voice at April 10, 2024 02:23 PM (yikga)

49 My favorite Krugman bit was right before the 2016 election where he said he didn't know why so many people thought that the economy was bad - why, he looked around at the Upper West Side in Manhattan, where he lived, and things were just peachy there.
Posted by: The ARC of History! at April 10, 2024 02:19 PM (YAtuc)

My favorite is upon the election of Trump

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

https://bityl.co/PHLL

Posted by: G'rump928(c) at April 10, 2024 02:23 PM (aD39U)

50 Powder Valley has no hazmat charges, today only, if you want to stock up on primers and powder.

Posted by: Itinerant Alley Butcher at April 10, 2024 02:23 PM (3vcct)

51 "re-acceleration in price growth"
---------

My God, they can make anything sound awesome.

Posted by: ... at April 10, 2024 02:23 PM (qBHMX)

52 Wall Street analysts saw Wednesday's surprise pickup in the inflation rate as a sign that the Fed could leave rates on hold for months longer than expected. That could mean no cuts before the November election, a campaign where Mr. Biden's Republican opponent, former President Donald J. Trump, has slammed Mr. Biden for both rapid price increases and high borrowing costs.
++++
And he's walking a fine line on that, and needs to be careful. This is not one man's fault or one administration's fault, and it's not going to be a quick or painless fix. I hope Trump is careful with this, because when he fails to bring down inflation to historically normal levels (and he will, because the government will still be overspending by 20%+ each year) it might blow up in his face.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:23 PM (HnUIn)

53 Unexpectedly.

And quixotically, surprising none.

Posted by: garrett at April 10, 2024 02:23 PM (lknh/)

54
This Biden guy is one stupid little bitch.

I already explained this whole inflation dealio to anyone with an IQ above their shoe size.

Three words. No, four.

Stop Spending Money, jackass!

Posted by: Zombie Milton Friedman at April 10, 2024 02:24 PM (eDfFs)

55 Just came back from the grocery store. I shop for one, not a family. I didn't get anything exotic. Over $100. Inflation doesn't exist though. Also, Big Grocery causes the inflated prices.

Posted by: Puddleglum, cheer up for the worst is yet to come at April 10, 2024 02:24 PM (sAmhv)

56 49 Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

https://bityl.co/PHLL
Posted by: G'rump928(c) at April 10, 2024 02:23 PM (aD39U)

=======

"We know Krugman is right because New York shut down it's economy in 2020 and the GDP spiraled downward!"
-DU, 54% probability

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:24 PM (GBKbO)

57 I once had a discussion about the Fed with a "educated liberal" I worked with. He assured me the Fed was not political.

This dude also thought reading the Koran after 911 was a thing to do.

Posted by: DOYLE at April 10, 2024 02:24 PM (Z8Yh2)

58 If you have a 401k you ain't black !
Posted by: Hatari

What if your 401K is in the red?

Posted by: Thomas Paine at April 10, 2024 02:24 PM (azqol)

59 "Sexton quotes Noted Lunatic Dwarf Paul Krugman insisting there is no inflation, there is just the partisan fantasy that inflation is real and painful."

If you omit food, gas, housing, utilities, clothes and travel he is right. Big-screen TV's are very cheap right now, if you had any money to buy one.

Posted by: Ripley at April 10, 2024 02:24 PM (JojsZ)

60 "As I've mentioned, the Fed wants to save Biden by cutting rates in time for the election, thus flooding more newly-printed dollars into the economy, but they can't as long as inflation keeps coming in "hotter than expected."

I still say that when push comes to shove -- and push is coming very close to shove -- the Fed will relent and lower rates no matter what. Oh, they'll probably fuck the actual inflation numbers in the pooper to make them look much better in order to justify a rate cut. But by hooker or by crooker, the Fed will lower rates in time to juice Sloppy Joe's reelection chances.

Posted by: Elric Blade at April 10, 2024 02:24 PM (iFTx/)

61 52 And he's walking a fine line on that, and needs to be careful. This is not one man's fault or one administration's fault, and it's not going to be a quick or painless fix. I hope Trump is careful with this, because when he fails to bring down inflation to historically normal levels (and he will, because the government will still be overspending by 20%+ each year) it might blow up in his face.
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:23 PM (HnUIn)

=======

Seems like a great moment for an extended government shutdown. And by extended, I mean...4 years.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:24 PM (GBKbO)

62 My favorite Krugman bit was when he said the internet was a fad because no one's ever gonna want to shop from home, or read their morning paper on a screen. Because what about when they're on the train?

Posted by: ... at April 10, 2024 02:24 PM (qBHMX)

63 The DOW fell 500 points on the unexpected-as-usual news...

-

Those numbers seem bad to people like us who remember a fairly low DOW, but 500 out of 30K isn't that significant and is likely just enormous hedge fund bots triggering other bots in order to buy once other bots respond (which has been a decent summary of the stock market for a couple of decades now I guess).

Plus we saw that they'll shut down trading if they need to. Save the free market by whatever the free market that Bush said.

None of it is real.

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:25 PM (Gakra)

64 Yes technically inflation is "down" from previous years but only because last year it was so catastrophically high.

If we had maintained the ~7% YoY inflation rate that we had back in '22, then we would be well and truly f'ed. Much more than we are now.

Posted by: Defenestratus at April 10, 2024 02:25 PM (+8YuZ)

65 Joe Mannix and I were trading scenarios back and forth about how much and how long interest rates needed to go up to put a stop to rampant inflation.

Needless to say...neither of us got what we wanted.

If the Fed were serious it would raise again.

Posted by: CharlieBrown'sDildo at April 10, 2024 02:25 PM (gSZYf)

66 Posted by: G'rump928(c) at April 10, 2024 02:23 PM

Krugman and Cramer's house of mirrors. Invest with us today!

Posted by: Minnfidel at April 10, 2024 02:25 PM (4p0Xq)

67 62 My favorite Krugman bit was when he said the internet was a fad because no one's ever gonna want to shop from home, or read their morning paper on a screen. Because what about when they're on the train?
Posted by: ... at April 10, 2024 02:24 PM (qBHMX)

=======

My favorite is when he made a bunch of money working for Enron.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:25 PM (GBKbO)

68 Seems like a great moment for an extended government shutdown. And by extended, I mean...4 years.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:24 PM (GBKbO)

I'll see your 4 and raise you 6

Posted by: BruceWayne at April 10, 2024 02:25 PM (CIS44)

69

I can get a butt plug twice as big as the one I used to use for the same amount of money! Thank you Joe Biden!

Posted by: Paul at April 10, 2024 02:25 PM (i3+Oa)

70 OT, Mika looks like shit. She used to be hittable. Now she's just punchable.

Posted by: Minnfidel at April 10, 2024 02:26 PM (4p0Xq)

71 Below, Black Conservative Perspective runs tape from an MSNBC focus group of swing state voters (in WI, MI, and PA), who call Biden's inflation "devastating" and that they feel "gaslit" by claims that Biden has fixed inflation.
++++
This is what happens when you have retards in charge of messaging. The press has spent a year implying (or even just saying outright, for the stupider people in the propaganda complex) that reduced inflation is the same as lower prices.

It isn't. Reduced inflation - even *zero* inflation - just means that things get more expensive more slowly, or the current price levels more or less hold on. They take this approach to explaining it because most of them are too stupid to understand it, and the rest hope the lies stick.

But people resent it, and there's nothing they can do about that.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:26 PM (HnUIn)

72 Noted Lunatic Dwarf Paul Krugman insisting there is no inflation

Paul, you ignorant slut.

Posted by: Stu Podaso at April 10, 2024 02:26 PM (Hbq70)

73 You can fix simply by wearing a lapel button.

Posted by: Whip Inflation Now! at April 10, 2024 02:26 PM (Uc7KK)

74 As an experienced politician, I specifically avoid open flames to avoid any appearance of gaslighting.

Posted by: Eric Swalwell (D-CA and Cuck-CCP) at April 10, 2024 02:27 PM (a3Q+t)

75 62 My favorite Krugman bit was when he said the internet was a fad because no one's ever gonna want to shop from home, or read their morning paper on a screen. Because what about when they're on the train?

...................To the labor camps.

Posted by: Minnfidel at April 10, 2024 02:27 PM (4p0Xq)

76 Krugman and Cramer's house of mirrors. Invest with us today!
Posted by: Minnfidel at April 10, 2024 02:25 PM (4p0Xq)

Always inverse what Cramer says. You will win more than you lose.

Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 02:27 PM (W3T6M)

77 Comin in HOT!

Posted by: Guy who yells comin in hot all the time... at April 10, 2024 02:27 PM (53oGX)

78 "Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation."

I'm pretty sure just this week I watched a Biden proxy talking head insist 401ks were doing fantastic, and it was proof that perceptions about the Biden Economy were wrong.

I feel like The Party could be doing a better job of disseminating our Daily Truth, I'm having a hard time keeping up.

Posted by: Bilwis Devourer of Innocent Souls, I'm starvin' over here at April 10, 2024 02:27 PM (z+89e)

79 "Being gaslit?" (incredulous tone)

By Biden and the Democrats?

Nah, no way.

Posted by: RM at April 10, 2024 02:27 PM (urbih)

80 Mika's looking particularly sand blasted today.

Posted by: Smell the Glove at April 10, 2024 02:28 PM (ixVYR)

81 She used to be hittable. Now she's just punchable.

Posted by: Minnfidel at April 10, 2024 02:26 PM (4p0Xq)

Menopause hit her hard.

Posted by: CharlieBrown'sDildo at April 10, 2024 02:28 PM (gSZYf)

82 Seems like a great moment for an extended government shutdown. And by extended, I mean...4 years.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:24 PM (GBKbO)

He could take a TON off the edges by simply reining in the EPA. Severing the link of energy costs to executive branch dictats would go a long way towards signaling to the market that its safe to invest in ALL energy sources - not just the politically favored ones of the day.
As energy costs stablize, it will take a huge chunk out of inflation.

Posted by: Defenestratus at April 10, 2024 02:28 PM (+8YuZ)

83 Is it Krugman or Reich that admitted to having a bunch of kiddie pron on his computer? easy to confuse the two...

Posted by: 18-1 at April 10, 2024 02:28 PM (ibTVg)

84 Those numbers seem bad to people like us who remember a fairly low DOW, but 500 out of 30K isn't that significant

I remember when the Dow was hovering around 3290.00.

Posted by: rickb223 at April 10, 2024 02:28 PM (FMTLw)

85 Menopause hit her hard.
Posted by: CharlieBrown'sDildo at April 10, 2024 02:28 PM

Like a container ship into the FSK bridge.

Posted by: Minnfidel at April 10, 2024 02:29 PM (4p0Xq)

86 83-Pete Townsend?

Posted by: DOYLE at April 10, 2024 02:29 PM (Z8Yh2)

87 15 years ago, I would have nailed Mika. Now? Hard pass.

Posted by: Mr Aspirin Factory, red heifer owner at April 10, 2024 02:29 PM (R4t5M)

88 Things (fantasies) I've been banking on:
-Winning the PowerBall lottery
-Ariana Grande shacking up with me
-Running a 3-minute mile
etc

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 10, 2024 02:29 PM (olXgU)

89 Yup. As I've mentioned, the Fed wants to save Biden by cutting rates in time for the election, thus flooding more newly-printed dollars into the economy, but they can't as long as inflation keeps coming in "hotter than expected."

———

No reason to lower rates when the official government narrative is that this is the best economy in American history.

Those dumbasses really painted themselves and the country in a corner.

Posted by: MAGA_Ken at April 10, 2024 02:30 PM (NbK5/)

90 My favorite is when he made a bunch of money working for Enron.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 10, 2024 02:25 PM (GBKbO)

Classic Krugman

Posted by: ... at April 10, 2024 02:30 PM (qBHMX)

91 Those numbers seem bad to people like us who remember a fairly low DOW, but 500 out of 30K isn't that significant and is likely just enormous hedge fund bots triggering other bots in order to buy once other bots respond (which has been a decent summary of the stock market for a couple of decades now I guess).

Plus we saw that they'll shut down trading if they need to. Save the free market by whatever the free market that Bush said.

None of it is real.
Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:25 PM (Gakra)

Yeah, they really should report in percentages or something scaled to it. But reportages in general needs to report garbage 24/7 so like most things like the weather we need to inflate the record keeping for max drama.

Posted by: Oldcat at April 10, 2024 02:30 PM (eoQWY)

92 Is it Krugman or Reich that admitted to having a bunch of kiddie pron on his computer? easy to confuse the two...
Posted by: 18-1 at April 10, 2024 02:28 PM

Don't know but their pickup basketball games are epic! Last one ended in a 2-2 tie.

Posted by: Minnfidel at April 10, 2024 02:30 PM (4p0Xq)

93 31
‘ The cost of my thorazine hasn't gone up at all!’

They work better when take them as suppositories, Paul.

Posted by: Dr. Claw at April 10, 2024 02:30 PM (jbnUc)

94 Just came back from the grocery store. I shop for one, not a family. I didn't get anything exotic. Over $100. Inflation doesn't exist though. Also, Big Grocery causes the inflated prices.
Posted by: Puddleglum, cheer up for the worst is yet to come at April 10, 2024 02:24 PM (sAmhv)
----
Same here. I routine spend more than $100 at the store just for essentials (food + consumables). Having to feed 5 cats isn't helping, as pet food prices have also increased significantly over the past few years.

Posted by: "Perfessor" Squirrel at April 10, 2024 02:30 PM (7fElN)

95 "Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation."

I'm pretty sure just this week I watched a Biden proxy talking head insist 401ks were doing fantastic, and it was proof that perceptions about the Biden Economy were wrong.

-

Investments earning 9% during 200% inflation of stuff people actually buy is a bit of a buzzkill.

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:30 PM (Gakra)

96 As energy costs stablize, it will take a huge chunk out of inflation.

Posted by: Defenestratus at April 10, 2024 02:28 PM (+8YuZ)

Yes. Exactly. Pumping more oil is probably the single biggest thing that we could do to slow inflation. Low energy prices ripple through the economy very quickly.

Posted by: CharlieBrown'sDildo at April 10, 2024 02:30 PM (gSZYf)

97 15 years ago, I would have nailed Mika. Now? Hard pass.
Posted by: Mr Aspirin Factory, red heifer owner at April 10, 2024 02:29 PM (R4t5M

With a very faint emphasis on "hard"

Posted by: ... at April 10, 2024 02:30 PM (qBHMX)

98 Mika's looking particularly sand blasted today.
Posted by: Smell the Glove at April 10, 2024 02:28 PM (ixVYR)

She hit the wall pretty hard. Of course being an ugly person on the inside doesn't help.

Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 02:31 PM (W3T6M)

99 I still say that when push comes to shove -- and push is coming very close to shove -- the Fed will relent and lower rates no matter what. Oh, they'll probably fuck the actual inflation numbers in the pooper to make them look much better in order to justify a rate cut. But by hooker or by crooker, the Fed will lower rates in time to juice Sloppy Joe's reelection chances.
Posted by: Elric Blade at April 10, 2024 02:24 PM (iFTx/)
++++
The Fed has a rich history of not doing that. The Fed plays politics until push comes to shove and the choice becomes "defend the Dollar or play games." When that happens, the Fed defends the Dollar.

More to the point, the Fed also has a rich history of, during the game-playing times (which if we're still in, they're approaching the end for this cycle), failing to do exactly this. It couldn't contain the inflation in 1080, it couldn't stave off the S&L crisis and subsequent recession that torpedoed 1992, it couldn't stop the opening stages of the Tech Wreck in 2000, it couldn't stop the financial crisis in 2008, it couldn't cajole the market into keeping rates in the sub-basement in 2016, it couldn't stave off COVID declines in 2020.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:31 PM (HnUIn)

100 If the Fed were serious it would raise again.

Posted by: CharlieBrown'sDildo

The fed is stuck. If they raise rates, they cause a massive recession and unemployment and kill the democrats in the fall. If they cut rates, they will fuel stagflation that will make 1977 look like the good old days, but save us from the one president that actually grew the economy since 1986.

Posted by: Thomas Paine at April 10, 2024 02:31 PM (azqol)

101 I can't afford groceries.
I can't afford gas.
I can't afford my car payment.
I can't afford my rent/mortgage.
I can't afford the insurance for my car and home.
The last few raises--if I got one--didn't cover any of that.
I don't get overtime and my hours are being cut to almost part-time.
I maxed out my credit cards to pay for groceries.

But, the news says inflation is down and wages are up!
So I am lying.

Posted by: People's Hippo Voice at April 10, 2024 02:31 PM (yikga)

102 Chris Rufo found an another example of serial plagiarism by a senior economist at the Fed.

The usual MO - black female, very thin academic publication record, almost all of it race-obsessed.

Amusingly, a columnist at the Harvard Crimson denounced targeting black females at Harvard in plagiarism investigations, and demanded that **all** faculty at Harvard be subject to plagiarism investigations, particularly white males.

The columnist was probably shocked when Rufo and other conservatives enthusiastically endorsed that idea.

Posted by: The ARC of History! at April 10, 2024 02:31 PM (YAtuc)

103 Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

So long as your asshole is also getting destroyed by gay sex, it's still morning in America.

Posted by: 2024 Democrat Platform - "Also, Kill Your Babies!" at April 10, 2024 02:31 PM (Ao3fE)

104 "401k's are just an idea... like ANTIFA"

-Chris Wray

Posted by: Inogame at April 10, 2024 02:31 PM (53oGX)

105 I'm absolutely convinced that the USG and Fed employees get told prior to the release date what numbers to publish so that the "super users" can adjust their portfolios in advance of the market response to the USG/Fed data.

Then shortly thereafter, the Real™ corrections are published well after the damage was done and the hedge funds and their kleptoligarchs have siphoned off retail investor's hard earned .401k and retirement fund savings - all based on bad data.

This explains the "Experts Baffled" headlines. Its because people who know better are being fed bullshit numbers provided by corrupt "super users" and pitched in draft form through the USG/Fed Disinformation Network.

Posted by: Unknown Drip Under Pressure at April 10, 2024 02:31 PM (4HcMG)

106 Having to feed 5 cats isn't helping, as pet food prices have also increased significantly over the past few years.

Posted by: "Perfessor" Squirrel at April 10, 2024 02:30 PM (7fElN)

Can't you just by a bird feeder and maybe some rat chow? That way the cats can feed themselves.

Posted by: CharlieBrown'sDildo at April 10, 2024 02:31 PM (gSZYf)

107 5 cats? Might be time to "thin" the herd...

Posted by: poconohound at April 10, 2024 02:32 PM (F6rkw)

108 85 Menopause hit her hard.
Posted by: CharlieBrown'sDildo at April 10, 2024 02:28 PM

Like a container ship into the FSK bridge.
Posted by: Minnfidel at April 10, 2024 02:29 PM (4p0Xq)

Damn! That one's cold. Funny as hell, but cold.
(Files away for future use)

Posted by: Virginia SoCon at April 10, 2024 02:32 PM (a/dOO)

109 How the fuck are we supposed to afford our slaves now? I mean the overhead alone. Geesh.

Posted by: Minnfidel at April 10, 2024 02:32 PM (4p0Xq)

110 The Left still brings out the trope about Democrat presidents presiding over the best modern economies but conveniently neglect the tiny detail about control of Congress.

Posted by: ... at April 10, 2024 02:32 PM (qBHMX)

111 Wait, that's not Bette Midler?

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:32 PM (Gakra)

112 @83 I think it was Krugman. He claimed it was planted. He always looks like he got caught diddling a kid however

Posted by: Smell the Glove at April 10, 2024 02:32 PM (ixVYR)

113 Is it Krugman or Reich that admitted to having a bunch of kiddie pron on his computer? easy to confuse the two...

Krugman. Evil hackers put the kiddie porn on his computer, and there was never an official investigation, for some reason.

Posted by: The ARC of History! at April 10, 2024 02:33 PM (YAtuc)

114 33

Both need to happen. The FedGov budget *must* stop going into the red *and* real interest rates need to be higher - probably about double where they are. The Fed should also probably be disgorging its asset base faster than it is, and burning the dollars they get in exchange. The Fed is trying to thread a tricky needle and the risks of an "accident" are high.
Posted by: Joe Mannix (Not a cop!) at April 10, 2024

I will go bankrupt. I know it’s bigger than me, and I know I sound whiney. Apologies. But if rates hike, I am DOA. It’s amazingly frustrating for someone like me who took a failing small business, created a business plan that is working to grow on the scale my business is able to grow, only to get kicked in the gut by this idiot in charge.

Meanwhile, student loans are being forgiven left right and center. I would not be in favor of something similar for SBA loans at all, but I would advocate for locking interest rates so we don’t kill me and people like me, who want to stay in business and to pay their loan.

Posted by: Piper at April 10, 2024 02:33 PM (ZdaMQ)

115
...but 500 out of 30K isn't that significant...

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:25 PM

they really should express the up or down as a percentage, but "500 points" plays better than "1.6%"

Posted by: AltonJackson at April 10, 2024 02:33 PM (bEb2S)

116 Look, as long as I can kill babies who really cares. My priorities are straight.

Posted by: DOYLE at April 10, 2024 02:33 PM (Z8Yh2)

117 The usual MO - black female, very thin academic publication record, almost all of it race-obsessed.

They'll redefine plagiarism, make the criteria fuzzy and subjective, or else just eliminate it altogether.

Posted by: Kinda Like The Definition of Recession at April 10, 2024 02:33 PM (Ao3fE)

118 It's all lies, 24/7.

It's all Joe Biden and the democrats fault that the economy is pure shit.

Pure. Shit.

Posted by: Hairyback Guy at April 10, 2024 02:34 PM (K1/cs)

119 41 Rate cuts by the Fed? That's comedy. Congress keeps funding the feral gubmint with a 30% deficit. I'm sure congress will be cutting spending... Going to $36 trillion in debt, and now standing at $200 trillion in unfunded mandates. Not to alarm anyone but the Credit Default Swap arena now stands at $620+ trillion? Plus, outside the Clownworld, the other countries are de-dollarizing with more inflation is coming home to FUSA.
Posted by: Ganowicz Commie Exterminators, LTD
---------
OK, honest question here - what prevents out betters from saying "fork it, let's keep printing some money" no matter the debt, deficit, and unfunded mandates. when does the house of cards actually collapse. Or what if our betters do one better and say with a wave of the hand and proclaim there is no more debt, deficit, or unfunded mandates and the balance sheet is a brand-new fat zero - see, good as new.

Posted by: NALNAMSAM - not as lean, not as mean, still a Marine at April 10, 2024 02:34 PM (+ldAm)

120 >>The last few raises--if I got one--didn't cover any of that.

My wife hasn't gotten a raise - even a cost-of-living raise since 2017. She's the top revenue-generating physician in her practice and yet the healthcare system will not compensate her for it.

Posted by: Defenestratus at April 10, 2024 02:34 PM (+8YuZ)

121 You know that Krugman and Eichenwald have hooked up on Grindr.

Posted by: Minnfidel at April 10, 2024 02:34 PM (4p0Xq)

122 I demand the use of one of my preferred adverbs: unexpectedly

.. the other is obviously

Posted by: SMOD at April 10, 2024 02:34 PM (RHGPo)

123 The fed is stuck. If they raise rates, they cause a massive recession and unemployment and kill the democrats in the fall. If they cut rates, they will fuel stagflation that will make 1977 look like the good old days, but save us from the one president that actually grew the economy since 1986.
Posted by: Thomas Paine at April 10, 2024 02:31 PM (azqol)
++++
Eventually, they will. When Powell is replaced, it's anyone's guess. While Powell is there, though, he will eventually raise rates and rein it in, damn the consequences. The next guy might break with Fed tradition and let the Dollar collapse for political purposes, but I don't think Powell will. He's not great by any means and is certainly no "Tall Paul" Volker, but he's of the old school and will defend the Dollar.

The primary problem is that defending the Dollar now means bankrupting the FedGov. That was not true in 1980.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:35 PM (HnUIn)

124 There is no inflation people. You are just to dumb to realize how great the economy is and how much better off you are under me. You Dog Face Pony soldiers that suck donkey dung .........

Posted by: Joe Biden at April 10, 2024 02:35 PM (BSF0H)

125 Grocery store yesterday... standard shopping... nothing really expensive...

over $200 for less than a basket full... just a couple years ago that was $100....

I'm retired... this really hurts.

Posted by: Romeo13 at April 10, 2024 02:35 PM (xaFKb)

126 -Ariana Grande shacking up with me

Oh I'll lick your donut alright.

Wait...why are you looking at me like that? I literally mean your donut that you are going to eat for breakfast. And then I'll put it back on your plate and walk away.

Posted by: Ariana Grande at April 10, 2024 02:35 PM (ibTVg)

127 It’s okay, Biden still has something like $600 billion to spend on climate change bullshit that the Republicans gave him.

So, handouts to democrats won’t be affected by inflation.

Posted by: sniffybigtoe at April 10, 2024 02:35 PM (JTwsP)

128 I know.
We can go to the south and rob trains.

Posted by: Humphreyrobot at April 10, 2024 02:35 PM (J8LnB)

129 Past 100 OT:
Hey horde, busy at work but wanted to ask/tell about that Idaho man joining isis. It might be nice to link the local CDA Press article, they might be left leaning too but they at least pointed out that The guy was in serious contact with "FBI informants". The article even points out that the isis flag in his Pic was given to him by an FBI informant. Back to lurking.

Posted by: I still can't think of anything at April 10, 2024 02:35 PM (vhjGk)

130 Tomorrow at National Review:

Maybe isn’t such a bad thing after all. The conservative case for Zimbabwe

Posted by: Montec at April 10, 2024 02:35 PM (tpjlM)

131 He could take a TON off the edges by simply reining in the EPA. Severing the link of energy costs to executive branch dictats would go a long way towards signaling to the market that its safe to invest in ALL energy sources - not just the politically favored ones of the day.
As energy costs stablize, it will take a huge chunk out of inflation.
Posted by: Defenestratus at April 10, 2024 02:28 PM (+8YuZ)

Someone call me? Reining in or razing?

Posted by: Vivek at April 10, 2024 02:35 PM (olXgU)

132 Same here. I routine spend more than $100 at the store just for essentials (food + consumables). Having to feed 5 cats isn't helping, as pet food prices have also increased significantly over the past few years.
Posted by: "Perfessor" Squirrel
‐------
Publix yesterday. BOGO items only. $50, $100 at full price.
It all fit in just three of those crappy little plastic bags.

Posted by: Itinerant Alley Butcher at April 10, 2024 02:35 PM (3vcct)

133 Inflation is trending on X.

Posted by: redridinghood at April 10, 2024 02:35 PM (NpAcC)

134 off, sock!

Posted by: Tex Lovera at April 10, 2024 02:36 PM (wtvvX)

135 over $200 for less than a basket full... just a couple years ago that was $100....

I'm retired... this really hurts.

The left has been saying for a while normal people "consume too much". This is their whole intent - make it impossible for normal people to have the standard of living they had under Trump...

Posted by: 18-1 at April 10, 2024 02:36 PM (ibTVg)

136 They'll redefine plagiarism, make the criteria fuzzy and subjective, or else just eliminate it altogether.

Plagiarism is a traditional part of black female culture, and you are racist if you question that!

Posted by: The ARC of History! at April 10, 2024 02:36 PM (YAtuc)

137 52
‘ I hope Trump is careful with this, because when he fails to bring down inflation to historically normal levels’

Trump has a trump card to decrease inflation that FJB will never play: unleashing oil drilling, refining and fracking .

Posted by: Dr. Claw at April 10, 2024 02:36 PM (jbnUc)

138 The primary problem is that defending the Dollar now means bankrupting the FedGov. That was not true in 1980.

I already liked Powell's approach!

you don't have to sell it!

Posted by: BlackOrchid at April 10, 2024 02:36 PM (AcWfM)

139 109 How the fuck are we supposed to afford our slaves now? I mean the overhead alone. Geesh.
Posted by: Minnfidel at April 10, 2024 02:32 PM

---

I laughed. So wrong. But seriously, think more long-term.

Posted by: SloPitch Whiffer at April 10, 2024 02:36 PM (wzAuc)

140 I always ax leftists online why greedy corporations only became greedy in early 2021. Never a response back.

Posted by: Montec at April 10, 2024 02:36 PM (tpjlM)

141 The only way to end Bidenflation is to end Bidenspending.

Posted by: 18-1 at April 10, 2024 02:36 PM (ibTVg)

142 I will go bankrupt. I know it’s bigger than me, and I know I sound whiney. Apologies. But if rates hike, I am DOA. It’s amazingly frustrating for someone like me who took a failing small business, created a business plan that is working to grow on the scale my business is able to grow, only to get kicked in the gut by this idiot in charge. ...
Posted by: Piper at April 10, 2024 02:33 PM (ZdaMQ)
++++
Not whiney at all. It is going to suck to fix this. It's also going to suck to *not* fix it. This is a no-win scenario, because decades of game-playing are finally resulting in a bill coming due.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:37 PM (HnUIn)

143 It couldn't contain the inflation in 1080, it couldn't stave off the S&L crisis and subsequent recession that torpedoed 1992, it couldn't stop the opening stages of the Tech Wreck in 2000, it couldn't stop the financial crisis in 2008, it couldn't cajole the market into keeping rates in the sub-basement in 2016, it couldn't stave off COVID declines in 2020.
Posted by: Joe Mannix

The Fed. Fucking us for a thousand years!
(Sorry. Had to take the cheap joke)

Posted by: rickb223 at April 10, 2024 02:37 PM (FMTLw)

144 Having to feed 5 cats isn't helping, as pet food prices have also increased significantly over the past few years.
Posted by: "Perfessor" Squirrel at April

Oh my gosh it’s insane! And I have special cats who need special food and a lot of it (they are hybrids). I am starting to make my own this week, which will be higher (and more consistent) quality. Just hoping my polka dot picky pants will eat it.

Posted by: Piper at April 10, 2024 02:37 PM (ZdaMQ)

145 >>The previous interest rate hikes imposed by the Fed were just not big enough to stop the inflationary tide of Biden's drunken-sailor spending spree.

There are only two ways to do anything about inflation....

Engineer a world wide multi-decade long depression or grow the economy by 250pct.

That's it, there is no magic to this sh*t.

Posted by: Thomas Bender at April 10, 2024 02:37 PM (XV/Pl)

146 Steve Scalise
@SteveScalise

Even CNN is admitting it: "Inflation is headed in the wrong direction" and "hotter than what we were expecting and certainly hotter than we saw the month prior."

Bidenomics isn't working for American families. They feel the crushing impact of high prices every day.

https://tinyurl.com/kmvjvdpb

Posted by: redridinghood at April 10, 2024 02:37 PM (NpAcC)

147 The "worst economy in 50 years" that Clinton ran against was the second quarter of an actual recovery.
The media justified that lie as, "voters may be doing well in their personal lives, but they're worried about their neighbors down the street"

Now voters personal financial situation is shit.
And the media justifies lying about it as, "sure things are bad for you but other people are doing better."

You may be starving but they're eating well in China, they explain.

Posted by: People's Hippo Voice at April 10, 2024 02:37 PM (yikga)

148 ...a 3.5% increase for the 12 months ended in March...

3.5% annual? I'm guessing that at this point the only thing they're measuring for the index is cross-stitch patterns and Lizzo erotic photos.

Posted by: I used to have a different nic at April 10, 2024 02:38 PM (U7wke)

149 Unfortunately, suburban women care way more about abortion than inflation.

Had the stupid Supreme Court just punted, Democrats would be screwed.

And then add in the ultra stupid Arizona Supreme Court.

Posted by: Benchmark at April 10, 2024 02:38 PM (RDx5j)

150 Buy some f-ing eggs!

Posted by: Jillian Michaels at April 10, 2024 02:38 PM (nGlSw)

151 over $200 for less than a basket full... just a couple years ago that was $100....

I'm retired... this really hurts.

-

There's been a massive increase in retired male suicides.

The speculation is that they planned all their lives and are seeing that it was pointless.

Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:38 PM (Gakra)

152 She's the top revenue-generating physician in her practice and yet the healthcare system will not compensate her for it.

Posted by: Defenestratus at April 10, 2024 02:34 PM (+8YuZ)

Go solo (I know...I know). Boutique practice. $1,500/year/patient. Cash. Doesn't even need a receptionist.

Posted by: CharlieBrown'sDildo at April 10, 2024 02:38 PM (gSZYf)

153 So the house of cards comes down right after the votes are counted in November?

Posted by: nckate at April 10, 2024 02:38 PM (Y5N4O)

154 wife hasn't gotten a raise - even a cost-of-living raise since 2017. She's the top revenue-generating physician in her practice and yet the healthcare system will not compensate her for it.
Posted by: Defenestratus at April 10, 2024 02:34 PM (+8YuZ)

Your wife should have looked for a new job 5 years ago.

Posted by: Montec at April 10, 2024 02:38 PM (tpjlM)

155 Every trip I make I see people pick up cuts of meat at the grocery store, look at the price in disgust, and then put it back down.

Posted by: 18-1 at April 10, 2024 02:38 PM (ibTVg)

156 FWIW, although it's recovered a bit, my 401K is still down about 20% from the time Biden took office. That amounts to quite a few bucks.

"I'm not sure what Bidenomics is, but I do know it's sure as Hell working".

Joe Biden, about a year or so ago.

Posted by: RM at April 10, 2024 02:38 PM (urbih)

157 Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:35 PM (HnUIn)

Primary problem is that we USED to sell our debt to foreign banks and countries. Now it just sits on the Fed Res Balance sheet.

So, an interest rate hike would both slow money growth, by slowing the rate of money creation via fractional lending, and also make our debt more attractive to foreign investment.

But... now, the primary driver of money creation is NOT going to be affected by the interest rate at all... because the Fed Gov's overspending, is the primary driver of money creation... and because of the weaponization of the US Banking system we've seen the last few years, foreign banks and countries are no longer interested in buying our debt.

Posted by: Romeo13 at April 10, 2024 02:38 PM (xaFKb)

158 Trump has a trump card to decrease inflation that FJB will never play: unleashing oil drilling, refining and fracking .
Posted by: Dr. Claw at April 10, 2024 02:36 PM (jbnUc)
++++
That's a big thing and it will definitely help.

That is not a cure-all. Government spending *must* be reined in hard and into balance, including to accommodate increased interest costs as rates continue to increase.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:39 PM (HnUIn)

159 The speculation is that they planned all their lives and are seeing that it was pointless.

Soviet America intentionally harms people that plan their finances and future. It wants drones then will spend whatever pittance they are given immediately and thereby depend on hand outs from Uncle Sugar their whole lives.

Posted by: 18-1 at April 10, 2024 02:39 PM (ibTVg)

160 Best way to combat inflation is for everyone to take their money out of the bank and set it on fire.

If enough people did that, it would work.

Now, who’s with me?!

Posted by: sniffybigtoe at April 10, 2024 02:40 PM (JTwsP)

161 The NY Times article Ace linked lets us in on the message the regime will be pushing:

"Democratic pollsters have also pointed to recent surveys as a road map for how Mr. Biden should talk about inflation in the months to come: They suggest American voters blame corporate greed, more than government spending, for price increases."

Posted by: Oglebay at April 10, 2024 02:40 PM (ogTiX)

162 That is not a cure-all. Government spending *must* be reined in hard and into balance, including to accommodate increased interest costs as rates continue to increase.

The $2T we were spending in the 90s was the sign of a horribly bloated feral government. We are over $7T now.

Posted by: 18-1 at April 10, 2024 02:40 PM (ibTVg)

163 OK, honest question here - what prevents out betters from saying "fork it, let's keep printing some money" no matter the debt, deficit, and unfunded mandates. when does the house of cards actually collapse.
.
Posted by: NALNAMSAM

The day that they can't sell treasury bonds to anyone.

Posted by: Thomas Paine at April 10, 2024 02:40 PM (azqol)

164 Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

Someone should replace that fucker's pension with a 401k and see how real it seems to him.

Posted by: I used to have a different nic at April 10, 2024 02:41 PM (U7wke)

165 A story out yesterday said Puddin might not be on the ballot in Ohio. Well, guess what: He might not be on the ballot in Alabama either.

https://www.youtube.com/watch?v=cbKIS3ws9mg

Posted by: Meade Lux Lewis, Domestic Terrorist at April 10, 2024 02:41 PM (woPEM)

166

Dow Jones Industrial Average (^DJI)
38,395.57 -488.10 (-1.26%)
As of 02:40PM EDT. Market open.

Posted by: DJIA Deathwatch at April 10, 2024 02:41 PM (aD39U)

167 Mika's looking particularly sand blasted today.
Posted by: Smell the Glove at April 10, 2024 02:28 PM (ixVYR)

She hit the wall pretty hard. Of course being an ugly person on the inside doesn't help.
Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 02:31 PM (W3T6M)

You try looking bright-eyed and bushy-tailed when your lumbago and roomatiz is all acting up!!!

Someone fetch me my Doan's Pills. I'm gonna go lay down on the Chesterfield.

Posted by: Zombie Milton Friedman at April 10, 2024 02:41 PM (eDfFs)

168 Oh and remember all those SF stories about 20 hour work weeks and retiring at 40? Why don't we have that? Because the federal government pissed away all that money on graft and bullshit.

Posted by: 18-1 at April 10, 2024 02:41 PM (ibTVg)

169 Have they caught P.Diddy yet?

Posted by: Hairyback Guy at April 10, 2024 02:41 PM (K1/cs)

170 High inflation party!! Everyone bring nothing yip yip hurray.

Posted by: Plainoldtoast at April 10, 2024 02:41 PM (ytSiK)

171 FWIW, although it's recovered a bit, my 401K is still down about 20% from the time Biden took office. That amounts to quite a few bucks.

—

You may well have the absolute worst performing 401k ever. S&P500 is up about 35% since Jan 21.

Posted by: Montec at April 10, 2024 02:41 PM (tpjlM)

172 OK, honest question here - what prevents out betters from saying "fork it, let's keep printing some money" no matter the debt, deficit, and unfunded mandates. when does the house of cards actually collapse. Or what if our betters do one better and say with a wave of the hand and proclaim there is no more debt, deficit, or unfunded mandates and the balance sheet is a brand-new fat zero - see, good as new.
Posted by: NALNAMSAM - not as lean, not as mean, still a Marine at April 10, 2024 02:34 PM (+ldAm)

Great question. I've thought about this scenario too. I can't come up with an answer. Look at Japan, their national debt is about 3x's higher than their GDP. Has Japan's domestic economy grown over the last 30+ years? Stagnation, which what is happening in the FUSA.

Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 02:41 PM (W3T6M)

173 Posted by: Thomas Bender at April 10, 2024 02:37 PM (XV/Pl)

Nope, shit can everyone in DC, both sides.

Then F'n balance the budget... and stop stupid regulations that stop us from producing ourselves.

Posted by: Romeo13 at April 10, 2024 02:41 PM (xaFKb)

174 Plagiarism is a traditional part of black female culture, and you are racist if you question that!

A few years ago, some writer referred to Berkeley One and Berkeley Two - Berkeley One was the part that still cranked out the Nobel Prizes, and Berkeley Two was the diversity bureaucracy.

Berkeley Two is in the process of finally taking over Berkleley One, of course.

The black females caught plagiarizing had no intention of actually becoming an academic - having a PhD and a few academic publications was merely the entrance requirement for getting a job in the upper levels of academic and quasi-academic bureaucracy.

Why bother putting any effort into "publications" that no one will ever read?

Posted by: The ARC of History! at April 10, 2024 02:42 PM (YAtuc)

175 OK, honest question here - what prevents out betters from saying "fork it, let's keep printing some money" no matter the debt, deficit, and unfunded mandates. when does the house of cards actually collapse.
.
Posted by: NALNAMSAM

The day that they can't sell treasury bonds to anyone.
Posted by: Thomas Paine

Step 1. Print money
Step 2. Sell bonds back to the Treasury
Step 3.
Stemp 4. Profit!

Posted by: rickb223 at April 10, 2024 02:42 PM (FMTLw)

176 when does the house of cards actually collapse.
.
Posted by: NALNAMSAM

Gradually, then all at once.

Posted by: sniffybigtoe at April 10, 2024 02:42 PM (JTwsP)

177 This thread is full of filthy wreckers.

Posted by: Joe Stalin's Unloved Skeleton at April 10, 2024 02:42 PM (Ao3fE)

178 Of the two things that *really* need to happen, one (interest rates) was a desultory, reluctant, half-assed attempt and the other (cutting out deficit spending) didn't happen at all.

Both need to happen. The FedGov budget *must* stop going into the red *and* real interest rates need to be higher - probably about double where they are. The Fed should also probably be disgorging its asset base faster than it is, and burning the dollars they get in exchange. The Fed is trying to thread a tricky needle and the risks of an "accident" are high.
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:20 PM (HnUIn)

Exactly, it's all just math. You can't keep spending into insurmountable levels of debt, and you can't keep printing money and giving it away for free.

Eventually you pay the price, one way or another. Right now inflation is inevitable, because they won't stop doing either of the things that are necessary.

Some say they can't, and maybe that's true, on a practical level, but again, math is math.

Posted by: BurtTC at April 10, 2024 02:42 PM (dGCAG)

179 But... now, the primary driver of money creation is NOT going to be affected by the interest rate at all... because the Fed Gov's overspending, is the primary driver of money creation... and because of the weaponization of the US Banking system we've seen the last few years, foreign banks and countries are no longer interested in buying our debt.
Posted by: Romeo13 at April 10, 2024 02:38 PM (xaFKb)
++++
It's a tad more complicated than that. Rising interest will hit the Treasury, too, and borrowing even more because now interest costs are higher just accelerates the meltdown.

But even more than foreign buyers - of which there are still a lot, though there has been periodic decline in that - is foreign Dollar demand. We've been playing "hide the turd" with inflation for *decades* and gotten away with it because lots and lots of dollars are sequestered in foreign trade flows.

Well, trade isn't growing enough to offset USD creation, and - even worse - some of the foreign trade is now fleeing the USD, in part because of what we've done to Russia. The black hole we used to use to contain our inflation has had its event horizon collapse and so we can't keep throwing shit into it.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:42 PM (HnUIn)

180 51 "re-acceleration in price growth"
---------
My God, they can make anything sound awesome.Posted by: ... at April 10, 2024 02:23 PM (qBHMX)

If Powell and his pals hike rates they can point to the growth like it's a good thing, then?

They should, but then be ready for the mostly peaceful but vocal crowds who will have discovered their DC addresses through an unfortunate leak from the DNC.

Posted by: Auspex at April 10, 2024 02:43 PM (j4U/Z)

181 There is no free money.

Every dollar FedGov spends either comes from taxes on current workers, debt which is a tax on future workers, or inflation which is a tax on everyone, but especially people that save their money

Posted by: 18-1 at April 10, 2024 02:43 PM (ibTVg)

182 Inflation is hot!!

Re-acceleration of price growth is where it's at!

Wallets are getting lighter and easier to flex!

They spend hours agonizing over how to report this shit with the most deceptive possible tone and spin. Sick people.

Posted by: ... at April 10, 2024 02:43 PM (qBHMX)

183 To reduce inflation, a society should spend money on 1) a good 2) a service. Government is neither a good nor a service.

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:43 PM (WLul0)

184 The day that they can't sell treasury bonds to anyone.
Posted by: Thomas Paine at April 10, 2024 02:40 PM (azqol)

May want to go take a look at the Fed Res balance sheet... we're already there.

Posted by: Romeo13 at April 10, 2024 02:43 PM (xaFKb)

185 "Democratic pollsters have also pointed to recent surveys as a road map for how Mr. Biden should talk about inflation in the months to come: They suggest American voters blame corporate greed, more than government spending, for price increases."

When you're 29, you've seen it all. This is SOP for Democrats trying to explain away the consequences of their lunacy.

How many times have we heard Chuckie Schumer blame oil and pharma companies for inflation?

Posted by: Archimedes at April 10, 2024 02:43 PM (CsUN+)

186 Unfortunately, suburban women care way more about abortion than inflation.
Posted by: Benchmark at April 10, 2024 02:38 PM (RDx5j)

The pagans do what the pagans do. You just have to work around it, like it was El Nino.

Posted by: DJIA Deathwatch at April 10, 2024 02:44 PM (aD39U)

187 If the government can just print money when they want, why do we have to pay taxes?

Posted by: rickb223 at April 10, 2024 02:44 PM (FMTLw)

188 dammit

Posted by: G'rump928(c) at April 10, 2024 02:44 PM (aD39U)

189 @173

>>Then F'n balance the budget... and stop stupid regulations that stop us from producing ourselves.

We're so far beyond balancing the budget being any sort of panacea, what we need is a magic trick.

I don't know what that magic trick might be but it better be better than David Copperfield making the Statue of Liberty Disappear.

Posted by: Thomas Bender at April 10, 2024 02:44 PM (XV/Pl)

190 and because of the weaponization of the US Banking system we've seen the last few years, foreign banks and countries are no longer interested in buying our debt.
Posted by: Romeo13 at April 10, 2024 02:38 PM (xaFKb)

Nor is the biggest owner of U.S. debt.

That would be…the United States.

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:45 PM (WLul0)

191 If the government can just print money when they want, why do we have to pay taxes?
Posted by: rickb223 at April 10, 2024 02:44 PM (FMTLw)

This is a question you don't actually want the answer to.

Posted by: ... at April 10, 2024 02:45 PM (qBHMX)

192 Just got here… have we done a price comparison now to, you know, things you buy that matter to the average person compared to the Donald Trump years???

Posted by: tubal at April 10, 2024 02:45 PM (PCK5/)

193
I mentioned it last year: Construction (in my area) is coming to a halt.

Unless major projects break open, Boston won't be building anything new in 2024.

The owners/developers CANNOT find new Tenants in the city. This means they see no point in developing property.

Posted by: Soothsayer at April 10, 2024 02:45 PM (pP2vl)

194 Go solo (I know...I know). Boutique practice. $1,500/year/patient. Cash. Doesn't even need a receptionist.
Posted by: CharlieBrown'sDildo at April 10, 2024 02:38 PM (gSZYf)

We've been thinking about that.

Unfortunately she really, really enjoys her "Head Team Physician" status of an NHL team so until that contract fails to get renewed I think she's staying put.

Posted by: Defenestratus at April 10, 2024 02:45 PM (vLOAS)

195 If you look at the money supply, most of the $’s in circulation is like 2-3 years old. This shit isn’t going away from nerds playing with interest rates.

Posted by: sniffybigtoe at April 10, 2024 02:46 PM (JTwsP)

196 Nope, shit can everyone in DC, both sides.

Then F'n balance the budget... and stop stupid regulations that stop us from producing ourselves.
Posted by: Romeo13 at April 10, 2024 02:41 PM (xaFKb)

When was the last time the U.S. government had a budget to begin with?

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:46 PM (WLul0)

197 A relatively simple road to recovery:

1) End income and capital gains taxes - replace them with a *permanently and Constitutionally* capped sales tax rate of 10% and a discretionary tariff rate.

2) Ban any direct hand outs from the federal government - the government can only pay for services or goods.

3) Ban deficit spending. In any month the government tries to spend more then it has all federal budgets are automatically reduced by the shortfall

4) The average of federal salaries, not including the DoD, cannot exceed the average salary of American workers, if it does all federal employees automatically get their salaries reduced by the shortfall.

Posted by: 18-1 at April 10, 2024 02:46 PM (ibTVg)

198 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM (HnUIn)

199 165 A story out yesterday said Puddin might not be on the ballot in Ohio. Well, guess what: He might not be on the ballot in Alabama either.

https://www.youtube.com/watch?v=cbKIS3ws9mg
Posted by: Meade Lux Lewis, Domestic Terrorist

Doesn’t really matter here, this state is, as of now, reliably deep red. Now if people would just stop infiltrating from the north, it would be great. Stay home, change your state first , prove your voting isn’t coming with you. Then you can enjoy our beaches.

Posted by: Piper at April 10, 2024 02:46 PM (ZdaMQ)

200 Exactly, it's all just math. You can't keep spending into insurmountable levels of debt, and you can't keep printing money and giving it away for free.

Can't, or can???

Posted by: The Dems at April 10, 2024 02:46 PM (CsUN+)

201 Trump's 175 million will one day be able to buy several loaves of bread.

Posted by: ... at April 10, 2024 02:47 PM (qBHMX)

202 Step 1. Print money
Step 2. Sell bonds back to the Treasury
Step 3.
Stemp 4. Profit!
Posted by: rickb223 at April 10, 2024 02:42 PM (FMTLw)

OK, so the Fed Res bank creates dollars, to support US Gov overspending... and leaves it on the balance sheet. They then are paid interest on that.... which????

Gets sent back to the Fed Gov at the end of the year... as Fed Res Profit goes back to the Treasury.

Money laundering.

Posted by: Romeo13 at April 10, 2024 02:47 PM (xaFKb)

203 Inflation is up and real wages are down? Has anyone told Sid? Is he on suicide watch?

Posted by: Outside of Life at April 10, 2024 02:47 PM (89Sog)

204 Why bother putting any effort into "publications" that no one will ever read?

In fairness, I think this is the crux of it. Most academic writing is worthless, and not just in the bullshit disciplines. It serves no purpose. It is almost entirely unread and it makes no sense to put a lot of effort into it. The fact of publication is all that matters career wise, and we all know that peer review at most outlets is not what it should be. Modern academia makes no sense on virtually any level. It's time to dissolve the monasteries.

Posted by: Henry VIII's Colossal Toilet Baby at April 10, 2024 02:47 PM (Ao3fE)

205 This thread is full of filthy wreckers.
Posted by: Joe Stalin's Unloved Skeleton at April 10, 2024 02:42 PM (Ao3fE)

You asked for it ...

https://youtu.be/ClbE019cLNI

Posted by: spindrift at April 10, 2024 02:47 PM (OguvZ)

206 If the government can just print money when they want, why do we have to pay taxes?

The point of income taxes is to hurt the productive class. Nothing more.

Posted by: 18-1 at April 10, 2024 02:47 PM (ibTVg)

207
Didn't the fuckfaces in "congress" pass a "bipartisan" biden bill to cease inflation?

I know We ALL Knew it was counterproductive bullshit that would most certainly make everything worse, but why does no one mention and constantly stick it up the Democrats' asses?

Posted by: Soothsayer at April 10, 2024 02:47 PM (pP2vl)

208 193
I mentioned it last year: Construction (in my area) is coming to a halt.

Our friends just bought a new construction home here in New England in a neighborhood were there were 12 homes expected to be built in total. 4 (theirs included) have been built or are near to be finished.

The builder has said "no mas" and has stopped building entirely. Supposedly has to do with the fact that there's too much ledge to deal with on the land but I'm guessing its because there's no cheap mortgage money to make.

Posted by: Defenestratus at April 10, 2024 02:47 PM (vLOAS)

209 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM (HnUIn)

Yes, Mistress.

Posted by: G'rump928(c) at April 10, 2024 02:48 PM (aD39U)

210 197: you take a paycheck that consists of taxpayer money? Congratulations, you forfeit the right to join a union.

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:48 PM (WLul0)

211 This is a question you don't actually want the answer to.
Posted by: ... at April 10, 2024 02:45 PM (qBHMX)

Payment of taxes is the only inherent value of fiat currency.. it’s go get ass-pounded in prison or use our fake money. Nice of them to give us a choice.

Posted by: sniffybigtoe at April 10, 2024 02:49 PM (JTwsP)

212 When was the last time the U.S. government had a budget to begin with?
Posted by: Catch Thirty-Thr33 at April 10, 2024 02:46 PM (WLul0)

Which was why step # Uno was?

Shit can everyone in DC, on both sides.

Posted by: Romeo13 at April 10, 2024 02:49 PM (xaFKb)

213 Didn't the fuckfaces in "congress" pass a "bipartisan" biden bill to cease inflation?

I know We ALL Knew it was counterproductive bullshit that would most certainly make everything worse, but why does no one mention and constantly stick it up the Democrats' asses?
Posted by: Soothsayer at April 10, 2024 02:47 PM (pP2vl)
++++
Yup. In accordance with Political Math (which is the opposite of real math), they "tackled inflation" through increased deficit spending to create at best inefficient and, more usually, corrupt government programs.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:49 PM (HnUIn)

214 201 Trump's 175 million will one day be able to buy several loaves of bread.
Posted by: ... at April 10, 2024 02:47 PM (qBHMX)

For an hour.

Posted by: Germany 1923 at April 10, 2024 02:49 PM (WLul0)

215
Alternate post subtitle:

"And Tomorrow's Gaslighting Headlines Will Be: 'Why Inflation Is A Good Thing!'"

We'll be told inflation is a "healthy sign" of a "good economy."

Posted by: Soothsayer at April 10, 2024 02:49 PM (pP2vl)

216 Wow. Climate change is causing inflation you wingnuts and not Biden's inflation reduction act!

Posted by: Media Stooge at April 10, 2024 02:49 PM (LjgPm)

217 Trump has a trump card to decrease inflation that FJB will never play: unleashing oil drilling, refining and fracking .
---
And grow the manufacturing, mining, farming and other industries.

All things Democrats will never do.

Because they want a service economy--nothing produced, no necessary skills. Workers are cogs entirely dependent on their job. And government.

A service economy produces nothing and can never absorb inflation.
A manufacturing, mining, farming, etc., economy can and does.

Posted by: People's Hippo Voice at April 10, 2024 02:49 PM (yikga)

218 2) Ban any direct hand outs from the federal government - the government can only pay for services or goods.

"Hello there mister politician, I run a business whose service it is to distribute cash to your favored constituencies!"

Posted by: Defenestratus at April 10, 2024 02:50 PM (vLOAS)

219 I mentioned earlier that Larry Summers (the former president of Harvard) and two other economists just wrote a paper showing that if the government still calculated inflation the way it did before 1983, inflation in 2022 would have been 18% - worse than under Carter.
Posted by: The ARC of History! at April 10, 2024 02:16 PM (YAtuc)

Yeah. I knew that back when they announce the 14% inflation.

Posted by: Formerly Virginian at April 10, 2024 02:50 PM (JMAcK)

220 193
I mentioned it last year: Construction (in my area) is coming to a halt.

Unless major projects break open, Boston won't be building anything new in 2024.

The owners/developers CANNOT find new Tenants in the city. This means they see no point in developing property.
Posted by: Soothsayer at April 10, 2024 02:45 PM (pP2vl)

1 hour north (Seacoast NH), they can't build fast enough. Rent for a studio is 1800/mo+. 1BR north of $2200. Real shortage of "affordable" apartments.

Posted by: Our Country is Screwed at April 10, 2024 02:50 PM (N39Ws)

221 who call Biden's inflation "devastating" and that they feel "gaslit"

It's not hard to gaslight f*cking retards.

Posted by: Maj. Healey at April 10, 2024 02:50 PM (eYF7X)

222 "Hello there mister politician, I run a business whose service it is to distribute cash to your favored constituencies!"

Ultimately laws only have value when people enforce them. As we are seeing with the southern invasion.

Posted by: 18-1 at April 10, 2024 02:50 PM (ibTVg)

223 @206

>>The point of income taxes is to hurt the productive class. Nothing more.

That and you also need the monetary system to seem plausible by taking money out of circulation.

The whole monetary system is best viewed as a clown riding a unicycle, while spinning plates and everything around him is on fire.

Posted by: Thomas Bender at April 10, 2024 02:51 PM (XV/Pl)

224 "And Tomorrow's Gaslighting Headlines Will Be: 'Why Inflation Is A Good Thing!'"

WIRED magazine once explained that Venezuela was suffering frequent blackouts because the Venezuelan economy was doing so gosh-darn well that of course Venezuela was running out of electricity.

Posted by: The ARC of History! at April 10, 2024 02:51 PM (YAtuc)

225 211: I hate to burst your bubble, but THE determinant of why money exists is this: Do People Like Using It? The end.

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:51 PM (WLul0)

226 Well, Y'all had a good run from 1945 or so until now. No more retirement of any kind, you hear me? You think the folks who built this country "retired"? They dug coal, jacked lumber, dug oil wells and rolled steel until they day they died and they were happy for it. You don't see any Chinese coolies or Indian subalterns running around retired, shitting in their RV's on the way to Vegas to eat the buffets do ya? Next up we confiscate all your precious 401's this or 401' that so I can spend it any damn way I please. Hahahahaha...

Posted by: Dick Cheney, Mastermind On Viagra at April 10, 2024 02:51 PM (K1/cs)

227 198 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM (HnUIn)

That's some pretty complicated rigging going on there.

Posted by: Auspex at April 10, 2024 02:51 PM (j4U/Z)

228
It's the same Democrat Bullshit Template, over and over:

1. There is no inflation.
2. Even if there is inflation, so what?
3. Inflation is "normal" and a "healthy sign" of a "good" economy," "all" "top" "economists" "agree."
4. Republicans' fault.

Posted by: Soothsayer at April 10, 2024 02:51 PM (pP2vl)

229 The whole monetary system is best viewed as a clown riding a unicycle, while spinning plates and everything around him is on fire.

Can we assume the clown has a boner?

Posted by: Archimedes at April 10, 2024 02:51 PM (CsUN+)

230 Just pass a law outlawing inflation and putting all economists on double top secret probation.

I don't know why I've always got to be the ideas guy around here.

Posted by: Slack-Jawed Layabout at April 10, 2024 02:52 PM (Ao3fE)

231 Libby Emmons
@libbyemmons

CRINGE: Hillary Clinton produces feminist Broadway musical ‘Suffs’ about voting rights

https://tinyurl.com/2tyuw7rh

Posted by: redridinghood at April 10, 2024 02:52 PM (NpAcC)

232 Doesn’t really matter here, this state is, as of now, reliably deep red. Now if people would just stop infiltrating from the north, it would be great. Stay home, change your state first , prove your voting isn’t coming with you. Then you can enjoy our beaches.

Posted by: Piper at April 10, 2024 02:46 PM (ZdaMQ)

I went down 181 nee CR27 to Sam's Club yesterday to pick up a freezer. The amount of development on the Fairhope side is mind boggling. They must be building houses for 20K more people. I counted at least six new neighborhoods. I hope they won't all be commies.

FWIW, I guess that explains the new Publix at 104 and 181.

Posted by: G'rump928(c) at April 10, 2024 02:52 PM (aD39U)

233 If the government can just print money when they want, why do we have to pay taxes?
Posted by: rickb223 at April 10, 2024 02:44 PM (FMTLw)

This is a question you don't actually want the answer to.

Posted by: ... at April 10, 2024 02:45 PM

It's literally a shell game. If we didn't have to pay taxes to the government, inflation would be north of 25% or so at this point and climbing.

The Romans did that in the last years of the Empire. In effect they stopped collecting monetary taxes on most citizens and debased the currency to absurd levels. That was the "bread and circuses" stage. Inflation reached astronomical levels during those years with some sources claiming 15,000% inflation.

Posted by: Mister Scott (Formerly GWS) at April 10, 2024 02:52 PM (QNSds)

234 One of Obama's advisors called for culling anyone over 75 by denying them healthcare.

And this is the way your betters see you, themselves, and the economy.

Everything belongs to them, you are only useful when you are generating goods and services for them, and when you aren't well, time for that fentanyl OD...

Posted by: 18-1 at April 10, 2024 02:52 PM (ibTVg)

235 80 Mika's looking particularly sand blasted today.
Posted by: Smell the Glove at April 10, 2024 02:28 PM (ixVYR)

Her chin still looks fabulous.

Posted by: I am the Shadout Mapes, the Houskeeper at April 10, 2024 02:52 PM (PiwSw)

236
All this means is that the Fake News and Democrats have to put a lid on their "bidenomics is working" bullshit narrative for a week until everyone forgets this news cycle.

Posted by: Soothsayer at April 10, 2024 02:53 PM (pP2vl)

237 The point of income taxes is to hurt the productive class. Nothing more.
Posted by: 18-1 at April 10, 2024 02:47 PM (ibTVg)

Correct and taxes cannot even pay the interest

Posted by: MAC V SOG at April 10, 2024 02:53 PM (P4Pk9)

238 77 Comin in HOT!
Posted by: Guy who yells comin in hot all the time... at April 10, 2024 02:27 PM (53oGX)

-------

I laughed out loud.

Posted by: Seems Legit at April 10, 2024 02:53 PM (JeYYB)

239 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM (HnUIn)
---
He can no longer afford to buy her clothes?

Posted by: "Perfessor" Squirrel at April 10, 2024 02:53 PM (7fElN)

240 And grow the manufacturing, mining, farming and other industries.

All things Democrats will never do.

Because they want a service economy--nothing produced, no necessary skills. Workers are cogs entirely dependent on their job. And government.

Evil males, mostly white males, staff manufacturing jobs.

Service jobs, particularly government jobs, are staffed by left-wing women.

Posted by: The ARC of History! at April 10, 2024 02:53 PM (YAtuc)

241 Heck, without a real budget I'm guessing we're still spending $1T annually from Obama's stimulus, aren't we?
Posted by: Moron Robbie has 2020 hindsight at April 10, 2024 02:22 PM (Gakra)

I believe we're still spending $1T or so annually from W's bank bailout, aren't we? When was the last budget?

Posted by: I used to have a different nic at April 10, 2024 02:53 PM (U7wke)

242 >>The point of income taxes is to hurt the productive class. Nothing more.

That and you also need the monetary system to seem plausible by taking money out of circulation.

The whole monetary system is best viewed as a clown riding a unicycle, while spinning plates and everything around him is on fire.
Posted by: Thomas Bender at April 10, 2024 02:51 PM (XV/Pl)

with a boner.

Posted by: G'rump928(c) at April 10, 2024 02:53 PM (aD39U)

243 pi]227 198 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM (HnUIn)

That's some pretty complicated rigging going on there.
Posted by: Auspex

Gibbs rule No. 6: Always carry a knife.

Posted by: Maj. Healey at April 10, 2024 02:54 PM (eYF7X)

244 The builder has said "no mas" and has stopped building entirely. Supposedly has to do with the fact that there's too much ledge to deal with on the land but I'm guessing its because there's no cheap mortgage money to make.
Posted by: Defenestratus at April 10, 2024 02:47 PM (vLOAS)

That's not a boulder ... it's a ledge!!!

https://www.youtube.com/watch?v=cZh488yurE4

Posted by: Mr Blandings at April 10, 2024 02:54 PM (TTAGa)

245 I'm having filet of Spam this evening with Vienna Sausage gazpacho. Inflation ain't bothering me.

Posted by: Jak Sucio at April 10, 2024 02:54 PM (Aoykm)

246 I've decided to cash out my IRA
pay the taxes, write me a check
because

1 I'm 65
2 no heirs
3 you can't take it with you, so
4 I'm not leaving anything behind for the hyenas
5 besides,
6 I want a nice kitchen for once

Posted by: Don Black at April 10, 2024 02:54 PM (oCjPU)

247 Well, so much for one buck hot dogs off the cart and the .99 egg sammiches passed out from a window. People enjoying them had little taste, those selling them should learn to code.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at April 10, 2024 02:54 PM (0EOe9)

248 A service economy produces nothing and can never absorb inflation.
A manufacturing, mining, farming, etc., economy can and does.
Posted by: People's Hippo Voice at April 10, 2024 02:49 PM (yikga)

Wrong. I know the only jobs that matter are in manufacturing, and that people shouldn’t even be allowed to go into services, but the two things that keep an economy going are 1) goods (they do not have to be manufactured; e.g. natural resources) and 2) services. And the people who mine, farm, and yes, manufacture (etc) PROVIDE A SERVICE for which they are paid.

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:55 PM (WLul0)

249 Don't let the crisis go waste. Insist on cutting the Federal budget by half. Settle for a forty percent cut. Depts of State, Defense, and Justice stay in DC, Dept of Ed goes fishing like Fredo. Remaining Cabinet Depts get scattered. Energy goes to Houston, Commerce goes to Long Beach Interior goes to Wyoming.

Posted by: Bilwis Devourer of Innocent Souls, I'm starvin' over here at April 10, 2024 02:55 PM (z+89e)

250 In the towns around me they are trying to ram through massive increases.

The "pro" voters invariably argue costs for the government are up so they need more money. But...its not inflation its just...costs. Note there are fewer children in schools then ever and the roads just get worse and worse...

And when the "anti" voters claim they literally can't pay the tax increases the answer is always "then sell and move!"

What...compassion.

Posted by: 18-1 at April 10, 2024 02:55 PM (ibTVg)

251 Huh.
They told us Biden's State of the Union was the greatest speech in 40 years.
His polling was going up!
Bidenomics is working!

I guess voters need to watch his State of the Union again ....

Posted by: People's Hippo Voice at April 10, 2024 02:55 PM (yikga)

252 Spam is now called Biden steak. I saw that on the interwebs.

Posted by: sniffybigtoe at April 10, 2024 02:55 PM (JTwsP)

253 I hate to burst your bubble, but THE determinant of why money exists is this: Do People Like Using It? The end.
Posted by: Catch Thirty-Thr33 at April 10, 2024 02:51 PM (WLul0)
++++
The currency used to denominate tax obligations will create its own demand. If that currency sucks, parallel currencies will emerge (such as the "Blue Dollar" in Argentina) but there will *always* be demand for the official currency, because that's what you have to use to pay your taxes and the man with the gun will end you if you don't do it.

"I can use it to satisfy my obligation to the guy with the monopoly on violence" is the first and most fundamental requirement for "money." It's a major reason why John Law's asinine "Assignat" scheme in France failed. "One currency for trade, another for taxes" will not work because it can't. It will just cause a collapse in the currency not used for taxes.

So you get a parallel system where you're paid in - and pay taxes in - the official currency but immediate convert a bulk of your liquidity every paycheck into something else, and sell enough of it back at the end of the year to pay the vig or as needed to do business with those who demand it.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:55 PM (HnUIn)

254 206 If the government can just print money when they want, why do we have to pay taxes?

The point of income taxes is to hurt the productive class. Nothing more.
Posted by: 18-1 at April 10, 2024 02:47 PM (ibTVg)

+++++

The wealth tax is proof that the Dem voters only care about showing successful people that they are dogshit in the eyes of the state.

Posted by: Oglebay at April 10, 2024 02:55 PM (ogTiX)

255 Temporary reprieve

@LeadingReport 6m
BREAKING: House has blocked FISA reauthorization bill.

Posted by: weft cut-loop at April 10, 2024 02:55 PM (IG4Id)

256 I aspire to be dogshit in the state's eyes.

Posted by: Oglebay at April 10, 2024 02:56 PM (ogTiX)

257 "One of Obama's advisors called for culling anyone over 75 by denying them healthcare."

And I posit much more can be gained from "culling" every last person of extraordinary wealth who has tried to divide our populace and subvert the government owned by them

It's our money that runs the federal government. Let's see how they like it when we burn and pillage the multimillionaire and billionaire class.

Posted by: Vengeance at April 10, 2024 02:56 PM (hvso3)

258 234 One of Obama's advisors called for culling anyone over 75 by denying them healthcare.

East Germany dumped its elderly into West Berlin for that very reason. (Never mind the elderly typically have no health for which to care, but East Germany did not like paying medical expenses.)

Posted by: Catch Thirty-Thr33 at April 10, 2024 02:56 PM (WLul0)

259 The current prime rate is "Punishing"?

Paul Volcker has entered the chat.

Posted by: Big Fat Meanie at April 10, 2024 02:57 PM (YIxO9)

260
Jim Clyburn is another dumb fuck who routinely spews the dumbest of dumbfuckery to fellow dumb fuck travelers.

Another Didn't Earn It "success story" elevated to a position far, far, far above his meagre capacity to grasp facts.

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at April 10, 2024 02:57 PM (AhnEf)

261
Residential and Non-residential construction are related but different. I was referring to Non-Residential. You know, big office/science buildings.

Posted by: Soothsayer at April 10, 2024 02:58 PM (pP2vl)

262 Spam is now called Biden steak. I saw that on the interwebs.

Spam is too high quality.

Spotted dick in a can is Biden steak.

Posted by: Barack Also Loves Spotted Dick at April 10, 2024 02:58 PM (Ao3fE)

263 >>246 I've decided to cash out my IRA
pay the taxes, write me a check
because

1 I'm 65

Careful if you're on Social Security. Until you're 67, excessive 'income' it may put you into a penalty situation.

Posted by: Maj. Healey at April 10, 2024 02:58 PM (eYF7X)

264 Kill the useless eaters!!! Da, or Ja!!

Posted by: tubal at April 10, 2024 02:58 PM (PCK5/)

265 @LeadingReport
BREAKING: House has blocked FISA reauthorization bill.
Posted by: weft cut-loop at April 10, 2024 02:55 PM (IG4Id)
++++
Cool. Good. How long will they keep it up? I'm going to put my money on "fewer than two weeks" but would love to lose the bet.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:58 PM (HnUIn)

266 Wow is Clyburn wrong. But they knew now they have to get July through September rates down for the 2025 COLA calculations.
------------
USA Today, RETIREMENT, Updated 11:57 a.m. UTC April 10, 2024, 'Social Security cost-of-living adjustment (COLA) increase for 2025'

In part, "The Congressional Budget Office estimates the 2025 COLA to increase by 2.5%.

The COLA is calculated based on figures from the consumer price index for urban wage earners and clerical workers. The Bureau of Labor statistics calculates the CPI-W every month. CPI-W figures from July through September are what ultimately determines the final COLA amount each year.

The CPI-W rose 3.5% year over year in March, while the consumer price index for all urban consumers increased 3.5%.

The CPI-W in March is higher than the inflation trends indicated from last month’s CPI-W data.

“In the Senior Citizens League’s 2024 Senior Survey, a concerning trend emerges as 71% of respondents highlight an increase in household costs exceeding the 3.2% COLA they received for 2023,” revealed Shannon Benton, executive director of The Senior Citizens League."

Posted by: L - If they do it with you, they'll do it to you too at April 10, 2024 02:58 PM (NFX2v)

267 her husband's stupendous salary

Interesting euphemism. I wonder if The Paolo is aware of it.

Posted by: Bulgaroctonus at April 10, 2024 02:58 PM (9yWhg)

268 I could use a good Gambone rant from ace about food inflation.

Posted by: Frasier Crane at April 10, 2024 02:58 PM (bNf8H)

269 Well, the white house just promised a rate cut before the election, so I guess we know where this is headed.

Posted by: Thomas Paine at April 10, 2024 02:58 PM (azqol)

270 The Babylon Bee:

White House Announces Inflation Doing Great If You Hold The Chart Upside Down

https://tinyurl.com/32z3bd97

Posted by: redridinghood at April 10, 2024 02:58 PM (NpAcC)

271 Just pass a law outlawing inflation and putting all economists on double top secret probation.

I don't know why I've always got to be the ideas guy around here.

Posted by: Slack-Jawed Layabout
---
Now. This guy gets it.

Posted by: People's Hippo Voice at April 10, 2024 02:58 PM (yikga)

272 If it weren't for experts, there would be no surprises, right?

Posted by: blake - semi lurker in marginal standing (tT6L1) at April 10, 2024 02:58 PM (tT6L1)

273 Did you know it’s actually illegal to not accept Federal Reserve dollars as payment in the US. They can prosecute you for that.

That’s how much faith they have in their system.

Posted by: sniffybigtoe at April 10, 2024 02:59 PM (JTwsP)

274 Inflation has been bad enough for long enough that even this busty brunette in her underwear is noticing it despite her husband's stupendous salary:
http://tiny.cc/172qxz
Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:46 PM

---

She likes economic catastrophes bad and long. Like her men.

Posted by: SloPitch Whiffer at April 10, 2024 02:59 PM (wzAuc)

275
And No One is mentioning the Trump Tax Cuts from 2017 will "sunset" in 2025!

Posted by: Soothsayer at April 10, 2024 02:59 PM (pP2vl)

276 Joe Manchin will stop the Inflation Reduction Act. He's a Democrat with integrity.

Posted by: ... at April 10, 2024 02:59 PM (qBHMX)

277 ZH is saying Biden promised another rate cut before the end of the year.

Andrew Jackson has entered the chat.

Posted by: Big Fat Meanie at April 10, 2024 02:59 PM (YIxO9)

278 Just pass a law outlawing inflation and putting all economists on double top secret probation.

I don't know why I've always got to be the ideas guy around here.
Posted by: Slack-Jawed Layabout at April 10, 2024 02:52 PM (Ao3fE)
++++
LOL.

:: smacks forehead ::

IT'S SO SIMPLE!

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:00 PM (HnUIn)

279 265 @LeadingReport
BREAKING: House has blocked FISA reauthorization bill.
Posted by: weft cut-loop at April 10, 2024 02:55 PM (IG4Id)

Weak sister Johnson will fold like a bad poker hand. Bank it.

Posted by: Maj. Healey at April 10, 2024 03:00 PM (eYF7X)

280
2024 is already half over, if you haven't noticed.

Posted by: Soothsayer at April 10, 2024 03:00 PM (pP2vl)

281 I think part of the plan is to demoralize all of us.

Everything to do with politics and policies is a shitshow.

Reasonable people find it hard to understand.

Posted by: Seems Legit at April 10, 2024 03:00 PM (JeYYB)

282 The disconnect between what the idiots report and what their lying eyes see at the gas pump is quite something.

Posted by: blake - semi lurker in marginal standing (tT6L1) at April 10, 2024 03:00 PM (tT6L1)

283 Jim Clyburn is another dumb fuck who routinely spews the dumbest of dumbfuckery to fellow dumb fuck travelers.

Can you imagine Clyburn and SJL trying to build a bridge? They'd divert the river into downtown and end up with a structure that looked like a Jenga tower assembled by termites.

Posted by: Archimedes at April 10, 2024 03:00 PM (CsUN+)

284 2024 is already half over, if you haven't noticed.
Posted by: Soothsayer at April 10, 2024 03:00 PM (pP2vl)
++++
A third. A half.

At cosmic scales, it all rounds comfortably to zero.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:00 PM (HnUIn)

285 Can you imagine Clyburn and SJL trying to build a bridge? They'd divert the river into downtown and end up with a structure that looked like a Jenga tower assembled by termites.
Posted by: Archimedes

Maxine Waters hardest hit.

Posted by: BruceWayne at April 10, 2024 03:01 PM (CIS44)

286 "The First Lady's Cookbook on Using Treet Instead of Spam".

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at April 10, 2024 03:01 PM (0EOe9)

287 278 Just pass a law outlawing inflation and putting all economists on double top secret probation.

I don't know why I've always got to be the ideas guy around here.
Posted by: Slack-Jawed Layabout at April 10, 2024 02:52 PM (Ao3fE)

-----

A different genius said to tie congress salaries with a balanced budget and zero debt. Shit, give them progressive bonuses for doing so.

Shit would get done fast.

Posted by: Seems Legit at April 10, 2024 03:02 PM (JeYYB)

288 Didn't the fuckfaces in "congress" pass a "bipartisan" biden bill to cease inflation?

I know We ALL Knew it was counterproductive bullshit

Posted by: Soothsayer

That is part of the problem.

As many have said, the economy was doing g fine when Joe entered office and picking up. Add Rescue Act, Inflation Act and Chip Act. Way too much money.

Then make the most important and volatile input (energy) go up in price and this is where you get.

Cup half full, it wi give Trump ammo to cut spending. Hopefully with nonsense BS first.

Open energy and things wl get much better.

Posted by: Steve_in_SoCal at April 10, 2024 03:02 PM (FxH7T)

289 I can't imagine the level of evil one has to be to want to be a Swamp Creature.

Posted by: XTC at April 10, 2024 03:02 PM (UnA8+)

290 BREAKING: House has blocked FISA reauthorization bill.
Posted by: weft cut-loop at April 10, 2024 02:55 PM
-------------

Why does it matter. They will do what they want regardless if it is legal.

Posted by: ET at April 10, 2024 03:02 PM (p4FTZ)

291 Just pass a law outlawing inflation

I know you're joking, but there are already calls for Nixonian price controls.

Posted by: Archimedes at April 10, 2024 03:02 PM (CsUN+)

292 Don't let the crisis go waste. Insist on cutting the Federal budget by half. Settle for a forty percent cut. Depts of State, Defense, and Justice stay in DC, Dept of Ed goes fishing like Fredo. Remaining Cabinet Depts get scattered. Energy goes to Houston, Commerce goes to Long Beach Interior goes to Wyoming.

I think the budget cut is even more of a fantasy than relocating the departments

Posted by: brak at April 10, 2024 03:03 PM (25k9m)

293 273 Did you know it’s actually illegal to not accept Federal Reserve dollars as payment in the US. They can prosecute you for that.

That’s how much faith they have in their system.
Posted by: sniffybigtoe at April 10, 2024 02:59 PM (JTwsP)

+++++

Anid it will get you killed if you try to adopt a gold-backed currency as that Chumbawamba guy in Zimbabwe is about to learn.

Posted by: Oglebay at April 10, 2024 03:03 PM (ogTiX)

294 A different genius said to tie congress salaries with a balanced budget and zero debt. Shit, give them progressive bonuses for doing so.

Shit would get done fast.

the graft and kickbacks they get are worth far more than their salaries. I don't think much would change

Posted by: brak at April 10, 2024 03:04 PM (25k9m)

295 I'm still for passing a law that any Representative or Senator who wants to run for more than one term must cut off part of their body (1st re-election = non-dominant hand, 2nd re-election = foot on the same side of the body, etc.), and may not run again once both arms and legs are gone.

Posted by: XTC at April 10, 2024 03:05 PM (UnA8+)

296 A relatively simple road to recovery:

1) End income and capital gains taxes - replace them with a *permanently and Constitutionally* capped sales tax rate of 10% and a discretionary tariff rate.

2) Ban any direct hand outs from the federal government - the government can only pay for services or goods.

3) Ban deficit spending. In any month the government tries to spend more then it has all federal budgets are automatically reduced by the shortfall

4) The average of federal salaries, not including the DoD, cannot exceed the average salary of American workers, if it does all federal employees automatically get their salaries reduced by the shortfall.
Posted by: 18-1 at April 10, 2024 02:46 PM (ibTVg)

5) Cut off all foreign aid. ALL. FOREIGN. AID.

Posted by: BurtTC at April 10, 2024 03:05 PM (dGCAG)

297 Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

---------------

We deserve better clowns for the circuses at least ...

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 10, 2024 03:05 PM (df90r)

298 B-b-but a bipartisan vote and Resident Joe Biden signed me into law! By the force of magic, my name should bend reality to political will!

Posted by: The Inflation Reduction Act at April 10, 2024 03:05 PM (1mkjM)

299 Did you all see the tweet the Navy posted of a seaman shooting a rifle with the scope on backward and generally ridiculous form?

They have since removed it.

Effing embarrassing.

Posted by: Seems Legit at April 10, 2024 03:05 PM (JeYYB)

300 According to CNN the economy is tanking. Based on one day in the stock market casino. Faux news lite.

High? at 3.4%? The kids writing headlines don't remember the 1970s. 7 ... 8 ... 9 % Bonds yielding 14-15-16%

Inflation is not just up 3.5%. That 3.5% is on top of the 5% inflation seen in March, 2023, which is on top of the 8.5% inflation seen in March, 2022, which is on top of the 2.6% inflation seen in March, 2021. That means inflation is up nearly 20% since March, 2020.

Roughly translated -"How dare Joe Biden threaten to make us billionaires pay our fair share of taxes! We'll show him!!" Expect more of this as the election draws near.

Last month I paid slightly less than 18 dollars for 6 Orange Bell Peppers and 4 Honey crisp apples at Kroger. People are definitely hurting.

Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 10, 2024 03:06 PM (JCZqz)

301 294 the graft and kickbacks they get are worth far more than their salaries. I don't think much would change
Posted by: brak at April 10, 2024 03:04 PM (25k9m)

And the Insider Trading is worth even more than THAT.

Posted by: XTC at April 10, 2024 03:06 PM (UnA8+)

302
This pieceofshitfuckingasshole biden was making jokes about the size of candy bars a few weeks ago, and blathering incoherently about the NON-EXISTENT FAKE "shrinkflation" LIE.

Posted by: Soothsayer at April 10, 2024 03:06 PM (pP2vl)

303 We need FISA but the deep state destroyed any confidence that they won’t misuse it even with safeguards. They will just lie and will continue to do so because there are no consequences. There should be at least 3 people serving long prison sentences just on the one FISA case that was part of the Deep States coup to get Trump.

Posted by: polynikes at April 10, 2024 03:06 PM (MNhXM)

304 ... Roughly translated -"How dare Joe Biden threaten to make us billionaires pay our fair share of taxes! We'll show him!!" Expect more of this as the election draws near. ...
Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 10, 2024 03:06 PM (JCZqz)
++++
LOL. DU never fails to keep fucking the chicken.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:06 PM (HnUIn)

305 I was told the Inflation Reduction Act cured the problem

Posted by: jeff at April 10, 2024 03:07 PM (ZiwLX)

306
Today it's inflation.
Tomorrow it will be the border, again.
The we'll be back to the pervert queers.

Round and round we go...

Posted by: Soothsayer at April 10, 2024 03:07 PM (pP2vl)

307 293 273 Did you know it’s actually illegal to not accept Federal Reserve dollars as payment in the US. They can prosecute you for that.

That’s how much faith they have in their system.
Posted by: sniffybigtoe at April 10, 2024 02:59 PM (JTwsP)

+++++

Anid it will get you killed if you try to adopt a gold-backed currency as that Chumbawamba guy in Zimbabwe is about to learn.
Posted by: Oglebay

Gurgle REPUBLIC OF MOLOSSIA, Nevada.
Pack your passport.

Posted by: Maj. Healey at April 10, 2024 03:07 PM (eYF7X)

308 5) Cut off all foreign aid. ALL. FOREIGN. AID.

Posted by: BurtTC at April 10, 2024 03:05 PM (dGCAG

That's just cruel.

How da hell are we gonna study the mating patterns of slugs in Uganda without that ten million??

Posted by: AlaBAMA at April 10, 2024 03:07 PM (3aLWR)

309
Last month I paid slightly less than 18 dollars for 6 Orange Bell Peppers and 4 Honey crisp apples at Kroger. People are definitely hurting.
Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 10,

Wow, some honesty there.

I grocery shopped today, so I felt it. Although today was literally buying the 2 items I needed for the kid's cooking class Friday and then all the loss leaders. Regular shopping will wait (yep, I've got yucca, broccoli, bananas, and dragonfruit in my cart - the cashiers all know why)...

Posted by: Nova Local at April 10, 2024 03:07 PM (exHjb)

310 285 Can you imagine Clyburn and SJL trying to build a bridge?

The entire assembled brain power of the Black Congressional Caucus would be challenged to describe what a bridge is.

Posted by: Auspex at April 10, 2024 03:07 PM (j4U/Z)

311 I was told the Inflation Reduction Act cured the problem
Posted by: jeff at April 10, 2024 03:07 PM (ZiwLX)
++++
It would have, if not for all the hoarders and wreckers noticing that it didn't and then having the temerity to mention it.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:07 PM (HnUIn)

312 5) Cut off all foreign aid. ALL. FOREIGN. AID.

I'm sensing some antisemitism here. You're on the list.

Posted by: ADL at April 10, 2024 03:08 PM (GOZil)

313 It's always "unexpectedly." Even these numbers are fabrications... Just like the jobs numbers

Posted by: It's me donna at April 10, 2024 03:08 PM (Akjoo)

314 We deserve better clowns for the circuses at least ...
Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 10, 2024 03:05 PM (df90r)

The bread is getting more expensive. Should be fun in the coming years.

Posted by: Ganowicz Commie Exterminators, LTD. at April 10, 2024 03:08 PM (W3T6M)

315 306
Today it's inflation.
Tomorrow it will be the border, again.
The we'll be back to the pervert queers.

Round and round we go...
Posted by: Soothsayer at April 10, 2024 03:07 PM (pP2vl)

It’s the Great Newz Circle of Life….

Posted by: tubal at April 10, 2024 03:08 PM (PCK5/)

316 There's no inflation, you reactionary running dog. Plus, inflation is good and it's Trump's fault anyway.

Posted by: IllTemperedCur at April 10, 2024 03:09 PM (n+4am)

317 I thought this shit was putin's fault

Posted by: Boomer at April 10, 2024 03:09 PM (og5mY)

318 Mass casualty event in Philly for a Durka celebration

https://www.youtube.com/live/WX_zf-XSknE?si=m1uKtbS1XimC462r

breaking...

Hope Our 'ron detective is ok.

Posted by: sven at April 10, 2024 03:09 PM (X0I7i)

319
And will someone please tell me why my home insurance has DOUBLED in the last 6 years??

Posted by: Soothsayer at April 10, 2024 03:09 PM (pP2vl)

320 Eventually, they will. When Powell is replaced, it's anyone's guess. While Powell is there, though, he will eventually raise rates and rein it in, damn the consequences. The next guy might break with Fed tradition and let the Dollar collapse for political purposes, but I don't think Powell will. He's not great by any means and is certainly no "Tall Paul" Volker, but he's of the old school and will defend the Dollar.

The primary problem is that defending the Dollar now means bankrupting the FedGov. That was not true in 1980.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 02:35 PM (HnUIn)
==
I think he got fed up with Biden after the first 6 months when he felt compelled to mouth acceptance of the transitory inflation BS Biden was throwing around. I think he has been running his own show since shortly after that. He had political cover to cut rates further and faster but refused. Even when we were in the recession of 21-22 that was declared not a recession but sure acted like one. He has been saying all along inflation isn't under control, and has fought that on all fronts. We thought this year might have three cuts; though Powell never sounded optimistic on that one.

Posted by: Black JEM at April 10, 2024 03:09 PM (GZYu7)

321 Last month I paid slightly less than 18 dollars for 6 Orange Bell Peppers and 4 Honey crisp apples at Kroger. People are definitely hurting.

high roller over here. buy gala apples and green bell peppers like normal folks and stfu

Posted by: brak at April 10, 2024 03:09 PM (25k9m)

322 297 We deserve better clowns for the circuses at least ...
Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 10, 2024 03:05 PM (df90r)

It takes more talent and brainpower to be a clown than it does to be a member of the Congressional Black Caucus.

Posted by: XTC at April 10, 2024 03:09 PM (UnA8+)

323 257 "One of Obama's advisors called for culling anyone over 75 by denying them healthcare."

And I posit much more can be gained from "culling" every last person of extraordinary wealth who has tried to divide our populace and subvert the government owned by them

It's our money that runs the federal government. Let's see how they like it when we burn and pillage the multimillionaire and billionaire class.
Posted by: Vengeance at April 10, 2024 02:56 PM (hvso3)

When you let FedGov run your healthcare and when they know they have an entitlement's bomb, this will get louder and louder...many countries is Europe only do palliative care after 80 b/c they have already hit many of these issues...

Posted by: Nova Local at April 10, 2024 03:09 PM (exHjb)

324 The price of a gallon of gas is the price of a dozen eggs here…

Posted by: tubal at April 10, 2024 03:09 PM (PCK5/)

325 I actually have felt the reduction in grocery prices. I just switched grocery stores from Randall’s to Krogers.

Randalls took advantage of me for the ease of getting to it. They are the Five Guys of grocery stores.

Posted by: polynikes at April 10, 2024 03:10 PM (MNhXM)

326 312 I'm sensing some antisemitism here. You're on the list.
Posted by: ADL at April 10, 2024 03:08 PM (GOZil)

WAIT, ISN...

Oh, you said "sensing". Not "noticing".

Carry on, then.

Posted by: XTC at April 10, 2024 03:10 PM (UnA8+)

327 The REAL culprit is climate change.

Posted by: Xipe Totec at April 10, 2024 03:10 PM (pohLc)

328 319
And will someone please tell me why my home insurance has DOUBLED in the last 6 years??
Posted by: Soothsayer at April 10, 2024 03:09 PM (pP2vl)

+++++

You mean besides climate change?

Posted by: Oglebay at April 10, 2024 03:10 PM (ogTiX)

329 303 We need FISA but the deep state destroyed any confidence that they won’t misuse it even with safeguards. They will just lie and will continue to do so because there are no consequences. There should be at least 3 people serving long prison sentences just on the one FISA case that was part of the Deep States coup to get Trump.
Posted by: polynikes at April 10, 2024 03:06 PM (MNhXM)

We don't NEED FISA...you can get sealed warrants...it just requires a touch more work and paperwork for future discovery...

Posted by: Nova Local at April 10, 2024 03:10 PM (exHjb)

330 327 The REAL culprit is climate change.
Posted by: Xipe Totec at April 10, 2024 03:10 PM (pohLc)

And Trump

Posted by: It's me donna at April 10, 2024 03:11 PM (Akjoo)

331 "Today it's inflation.
Tomorrow it will be the border, again.
The we'll be back to the pervert queers.

Round and round we go...
Posted by: Soothsayer"

They are desperate for a school shooting. As long as it is not a tranny.

Posted by: Ripley at April 10, 2024 03:11 PM (JojsZ)

332 And will someone please tell me why my home insurance has DOUBLED in the last 6 years??
Posted by: Soothsayer at April 10, 2024 03:09 PM (pP2vl)

And flood insurance.

Posted by: If there's no inflation, I sure am more expensive all of a sudden at April 10, 2024 03:11 PM (Ao3fE)

333 Fux News right now: Shooting reported at Ramadan event in Philadelphia"

Posted by: andycanuck (vtyCZ) at April 10, 2024 03:11 PM (vtyCZ)

334 4 people in custody after mass shooting in Ramadan event in Philadelphia

Posted by: redridinghood at April 10, 2024 03:11 PM (NpAcC)

335 310 285 Can you imagine Clyburn and SJL trying to build a bridge?

The entire assembled brain power of the Black Congressional Caucus would be challenged to describe what a bridge is.

Easy. They are mostly made up of gas

Posted by: SJL at April 10, 2024 03:12 PM (og5mY)

336 334 4 people in custody after mass shooting in Ramadan event in Philadelphia
Posted by: redridinghood at April 10, 2024 03:11 PM (NpAcC)

Amish ?

Posted by: It's me donna at April 10, 2024 03:12 PM (Akjoo)

337
btw, it's been 3,620 days since john kerry and some french official "minister" fuckface told us we have just "500 days until climate chaos."

Posted by: Soothsayer at April 10, 2024 03:12 PM (pP2vl)

338 We just need another, but much larger, Inflation Reduction Act.

Posted by: An idiot at April 10, 2024 03:12 PM (AXJ6N)

339 331 They are desperate for a school shooting. As long as it is not a tranny.
Posted by: Ripley at April 10, 2024 03:11 PM (JojsZ)

Or a Muslim.

Posted by: XTC at April 10, 2024 03:12 PM (UnA8+)

340 321 Last month I paid slightly less than 18 dollars for 6 Orange Bell Peppers and 4 Honey crisp apples at Kroger. People are definitely hurting.

high roller over here. buy gala apples and green bell peppers like normal folks and stfu
Posted by: brak

I agree. Some people live in the lap of luxury.

Diesel here is $4.89 a gallon. FJB

Posted by: Maj. Healey at April 10, 2024 03:12 PM (eYF7X)

341 $18.00 for 6 Honey Crisp apples. I don't know how people with kids feed them.

Posted by: Megthered at April 10, 2024 03:12 PM (BolxK)

342 And will someone please tell me why my home insurance has DOUBLED in the last 6 years??
Posted by: Soothsayer

So has the value of your house.

In dollars.

Posted by: Thomas Paine at April 10, 2024 03:12 PM (BCelm)

343 312 5) Cut off all foreign aid. ALL. FOREIGN. AID.

-----
I'm sensing some antisemitism here. You're on the list.
Posted by: ADL at April 10, 2024 03:08 PM (GOZil)

I'm already on the list. And yet somehow I manage to sleep at night anyway.

Posted by: BurtTC at April 10, 2024 03:12 PM (dGCAG)

344 "And will someone please tell me why my home insurance has DOUBLED in the last 6 years??
Posted by: Soothsayer

You probably thought about filing a claim. If you actually did, it would have been quadrupled.

Posted by: Ripley at April 10, 2024 03:13 PM (JojsZ)

345 339 331 They are desperate for a school shooting. As long as it is not a tranny.
Posted by: Ripley at April 10, 2024 03:11 PM (JojsZ)

Or a Muslim.
Posted by: XTC at April 10, 2024 03:12 PM (UnA8+)

Or a colored person, er, person of color…

Posted by: tubal at April 10, 2024 03:13 PM (PCK5/)

346 ... We thought this year might have three cuts; though Powell never sounded optimistic on that one.
Posted by: Black JEM at April 10, 2024 03:09 PM (GZYu7)
++++
No, he didn't. When he discussed it back in December, everyone took it as, "Powell promised to raise rates" and I just wondered, "did we see the same statement?" I think even acknowledging the *possibility* of cuts this year was insane, but a lot of people took his statement to mean that it is was guaranteed, and the stock market started pricing it in.

The declines in the markets probably aren't going to be stupendous, but I suspect a lot of that run-up is going to start leaking out.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:13 PM (HnUIn)

347 333 Posted by: andycanuck (vtyCZ) at April 10, 2024 03:11 PM (vtyCZ)

I gave a link, 4 suspects in custody....

early rumint from locals is it is "gang related".....

we'll know when we do not know in the next 24 hours y'know?

Posted by: sven at April 10, 2024 03:13 PM (X0I7i)

348 We don't NEED FISA...you can get sealed warrants...it just requires a touch more work and paperwork for future discovery...
Posted by: Nova Local at April 10, 2024 03:10 PM (exHjb

I disagree . Time is of the essence in some cases. But I can agree that if that’s not the case , sealed warrants appropriate path.

Posted by: polynikes at April 10, 2024 03:14 PM (MNhXM)

349 Nood Minneapolis city council

Posted by: DoublySymmetric at April 10, 2024 03:14 PM (YwyqV)

350 4 people in custody after mass shooting in Ramadan event in Philadelphia
Posted by: redridinghood at April 10, 2024 03:11 PM (NpAcC)

Amish ?
Posted by: It's me donna at April 10, 2024 03:12 PM (Akjoo)

Nah, Eagles' fans, celebrating their Super Bowl win.

Posted by: BurtTC at April 10, 2024 03:14 PM (dGCAG)

351 nood

Posted by: andycanuck (vtyCZ) at April 10, 2024 03:14 PM (vtyCZ)

352
You probably thought about filing a claim.
Posted by: Ripley

LOL. "They" really are "listening."

So has the value of your house.

In dollars.
Posted by: Thomas Paine

Not quite that much, but good point. "Touche," as the cool kids say.

Posted by: Soothsayer at April 10, 2024 03:15 PM (pP2vl)

353 347 333 Posted by: andycanuck (vtyCZ) at April 10, 2024 03:11 PM (vtyCZ)

I gave a link, 4 suspects in custody....

early rumint from locals is it is "gang related".....

we'll know when we do not know in the next 24 hours y'know?
Posted by: sven at April 10, 2024 03:13 PM (X0I7i)

No wonder it's nowhere on my local news...

Posted by: Nova Local at April 10, 2024 03:15 PM (exHjb)

354 early rumint from locals is it is "gang related".....

So, MAGA.

Posted by: Maj. Healey at April 10, 2024 03:15 PM (eYF7X)

355 15 Clyburn immediately announces that people's 401k's aren't real and no one should care if they're getting destroyed by Bidenflation.

401ks are a MAGA conspiracy
Posted by: BruceWayne at April 10, 2024 02:16 PM (CIS44)

——-

If that American Thinker article on 401ks is true then you don’t own what’s in your 401k. They are security instruments, essentially IOUs. The investments are actually owned by the investment companies and they are leverage to the hilt to the tune of, sit down now, 1 quintillion dollars.

I suspect that Gen X will be screwed out of the trillions of dollars we invested through 401ks.

Posted by: MAGA_Ken at April 10, 2024 03:15 PM (2fIO4)

356 Why are the people I always vote for no matter what doing these terrible things to me?!?

Posted by: Ice Californians of the Midwest at April 10, 2024 03:17 PM (Ao3fE)

357 Fox29 - Biden's got more trouble, it appears

Multiple people hurt after shooting at Eid al-Fitr event in West Philadelphia: sources,
By Steve Keeley and FOX 29 Staff Updated April 10, 2024 2:54pm EDT Crime & Public Safety FOX 29 Philadelphia

Posted by: L - If they do it with you, they'll do it to you too at April 10, 2024 03:17 PM (NFX2v)

358 And will someone please tell me why my home insurance has DOUBLED in the last 6 years??
Posted by: Soothsayer at April 10, 2024 03:09 PM (pP2vl)
++++
A bunch of reasons. For one thing, costs are increasing. For another, insurance companies depend on investment performance and they also are very active in the credit markets, which are getting more expensive.

Homeowner for me went up by 16% this year, and 18% the year before. It's brutal.

Posted by: Joe Mannix (Not a cop!) at April 10, 2024 03:17 PM (HnUIn)

359 seriously, nood guys!

Posted by: andycanuck (vtyCZ) at April 10, 2024 03:17 PM (vtyCZ)

360
The entire assembled brain power of the Black Congressional Caucus would be challenged to describe what a bridge is.

Posted by: Auspex

As the narrator at Black Conservative Perspective put it, "We're not sending our best" into public office.

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at April 10, 2024 03:17 PM (AhnEf)

361 Mika's looking particularly sand blasted today.
Posted by: Smell the Glove

She hit the wall pretty hard. Of course being an ugly person on the inside doesn't help.
Posted by: Ganowicz Commie Exterminators, LTD.
.......

Well, she is married to a rock star.

Posted by: wth at April 10, 2024 03:19 PM (v0R5T)

362 It's all good. Spam is FLYING off the shelves.

Posted by: wth at April 10, 2024 03:21 PM (v0R5T)

363 OT, Mika looks like shit. She used to be hittable. Now she's just punchable.
Posted by: Minnfidel at April 10, 2024 02:26 PM (4p0Xq)

...

You know Joe plays his own album nonstop at home.

Posted by: TexasDan at April 10, 2024 03:28 PM (z/ifB)

364 Within an order of magnitude, I'd say the real prices have gone up at least 100% in the last 3 and a half years. Call it 25~30% a year.
Posted by: Itinerant Alley Butcher at April 10, 2024 02:19 PM (3vcct)

I agree. A data point:

Kroger ice cream used to be 2 pints for $4.00 in 2020. Now it's $3.99 for 1 pint.

Posted by: Retired Buckeye Cop is now an engineer at April 10, 2024 03:46 PM (pJWtt)

365 327 The REAL culprit is climate change.
Posted by: Xipe Totec at April 10, 2024 03:10 PM (pohLc)

Never mind climate always changes. But hey, it isn’t sound scientific theory without good marketing.

Posted by: Catch Thirty-Thr33 at April 10, 2024 03:50 PM (WLul0)

366 308 5) Cut off all foreign aid. ALL. FOREIGN. AID.

Posted by: BurtTC at April 10, 2024 03:05 PM (dGCAG

There’s a few million. But an America that is as isolationist as Albania is worth it, right?

Posted by: Catch Thirty-Thr33 at April 10, 2024 03:52 PM (WLul0)

367 273 Did you know it’s actually illegal to not accept Federal Reserve dollars as payment in the US. They can prosecute you for that.

That’s how much faith they have in their system.
Posted by: sniffybigtoe at April 10, 2024 02:59 PM (JTwsP)

Yes, I realize you hate the Fed and if we just destroyed the Fed we return to Eden and no one will ever die anywhere in the world, but…

So what? If I only ever took loonies or euros or quid, who would stop me?

Posted by: Catch Thirty-Thr33 at April 10, 2024 03:59 PM (WLul0)

368 Americans haven't suffered nearly enough. It's going to get a lot worse.

Posted by: insurgens ad opus at April 10, 2024 04:30 PM (433Il)

369 This fallacy of "reining in inflation" by hiking interest rates is really annoying. Raising interest rates harms the economy. Prices may grow low slowly in a damaged economy, but that's just a side effect of doing unnecessary damage. It's the wrong knob to turn!

Posted by: Al in St. Louis at April 10, 2024 05:35 PM (XU3QZ)

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