The Biden Administration and All Things Politics

[SteakNEggs]

Inflation goes up just not fast, banks are crashing, were in a recession and Democrats are happy. The stupidity is endless. Uneducated... They are literally celebrating inflation now lololololol. Brain dead morons really.

But price increases rose sharply again on a monthly basis, fueling concerns that a steady pullback in inflation at the end of last year has stalled.

On a monthly basis, though, prices advanced 0.4% following a 0.5% increase in January. Previously, monthly cost increases had slid to 0.1% to 0.2%.

"Though stress has spiked in the banking system, the Fed is still highly focused on taming inflation," says Ryan Sweet, chief U.S. economist of Oxford Economics, who expects a quarter-point hike.

Ian Shepherdson of Pantheon Macroeconomics also expects a quarter-point increase, "assuming markets stay calm and no more banks fail."

Despite the big monthly increase in consumer prices, economists still expect yearly inflation to resume its descent in the coming months. Goods prices generally have fallen as supply chain bottlenecks have improved and rent increases are expected to pull back.

Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

February CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5%

www.usatoday.com

 

[SteakNEggs]

It's just crazy how little people understand of the economy. They celebrate interest going up and inflation rising. Extremely undeducated and easy to manipulate.

Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry turmoil.

The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates.

But price increases rose sharply again on a monthly basis, fueling concerns that a steady pullback in inflation at the end of last year has stalled.

Consumer prices increased 6% from a year earlier, down from 6.4% in January and a 40-year high of 9.1% in June, according to the Labor Department’s consumer price index.

That marked the smallest annual gain since September 2021.

On a monthly basis, though, prices advanced 0.4% following a 0.5% increase in January. Previously, monthly cost increases had slid to 0.1% to 0.2%.

Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

February CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5%

www.usatoday.com

 

[SteakNEggs]

"HEY GUYS INFLATION ROSE BUT NOT AT THE EXPECTED RATE!!!!! I'M REALLY SMART". Uneducated as f* lol

2023 Layoff Tracker: Meta Cuts 10,000 Employees​

TOPLINE​

Meta, the parent company of Facebook and Instagram, announced Tuesday it will cut 10,000 employees in its second major round of cuts in just four months—making the social media giant the latest U.S. company to reduce its headcount this year, following recent cuts at Disney, eBay, General Motors, Twitter and Yahoo.

2023 Layoff Tracker: Meta Cuts 10,000 Employees

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

www.forbes.com

 

[SteakNEggs]

"HEY GUYS INFWATION WOSE UP AND DATS A GEWD TING. I" M AAAAL GIDDDY". Well that's because you don't understand basic economics.
It's so amazingly embarrassing that Democrats thing inflation rising is something to brag about.

Tyson is laying off nearly 1,700 poultry plant workers​

https://www.cnn.com/2023/03/14/business/tyson-plant-layoffs/index.html

 

[SteakNEggs]

"Core" inflation, which strips out the more volatile costs of food and energy, rose 0.5% over the prior month in February and 5.5% over last year, marking the smallest 12-month increase since December 2021. Economists had estimated "core" inflation would rise 0.4% on a month-over-month basis and increase 5.5% compared to February 2022.

"The 0.5% [month-over-month] rise in core consumer prices last month adds to the evidence that inflation remains stubbornly high, but the ongoing fallout from the SVB crisis over the coming days is still likely to have a bigger bearing on what happens at next week’s FOMC meeting," wrote Andrew Hunter, deputy chief U.S. economist at Capital Economics, in a note on Tuesday.

Food costs continued to rise in February, with the food index rising 0.4% over last month. The food at home index rose 0.3% over last month as five of the six major grocery store food group indexes increased over the month, the BLS noted. Egg prices fell 6.7% in February.

Inflation: Consumer prices rise 6% over last year in February, slowest since Sept. 2021

Inflation showed signs of cooling in February after prices picked up to start the year, according to the latest data released Tuesday morning.

finance.yahoo.com

 

[SteakNEggs]

It's soooo crazy how uneducated someone can be and celebrate inflation. Democrats think rising inflation is a good thing. They are so uneducated they think that just because a few index's fell even thugh they are the ones responsible for *** rising to record levels is something to brag about. This is their success. Inflation rising in important areas like food cost is a success to them. That's how big of a failure they are. Rising inflation but not at record rates is something to brag about. They are bragging about negatives.

Food prices rose 0.4% and 9.5%, respectively. Meat, poultry, fish and egg prices fell 0.1% for the month, the first time that index has retreated since December 2021. Eggs in particular tumbled 6.7%, though they were still up 55.4% from a year ago.

Shelter costs, which make up about one-third of the index’s weighting, jumped 0.8%, bringing the annual gain up to 8.1%. Fed officials largely expect housing and related costs such as rent to slow over the course of the year.

“Housing costs are a key driver of the inflation figures, but they are also a lagging indicator,” said Lisa Sturtevant, chief economist at Bright MLS. “It typically takes six months for new rent data to be reflected in the CPI. The quirk in how housing cost data are collected contributes to overstating current inflation.”

Still, shelter costs accounted for more than 60% of the total CPI increase and rose at the fastest annual pace since June 1982.

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.

www.cnbc.com

 

[SteakNEggs]

Democrats are such failures they brag about failures just that it wasn't as bad as a failure as predicted. This is the Democratic party ladies and gentlemen. Bragging about failures.

Cost-of-living: Annual rate of inflation rises slightly to 8.5%​

The CSO Consumer Price Index (CPI) rose by 8.5% between February 2022 and February 2023.

That’s up from an increase of 7.8% in the 12 months to January 2023, and the 8.2% increase in the 12 months to December 2022.

February is the seventeenth consecutive month where the annual increase in the CPI has been at least 5%.

The largest increases were a 26% rise in housing, water, electricity, gas and other fuels; and a 13.1% rise in food and non-alcoholic beverages.

Cost-of-living: Annual rate of inflation rises slightly to 8.5%

 

[SteakNEggs]

Him and his cartel might be the most corrupt president in history. @Red as much as you cry about Trump every 35 seconds I'm not surprised that your hypocriteness doesn't care about this. Fish be like "inflation is still rising that's a good thing..."

Bank records obtained by the House Oversight Committee investigating Hunter Biden's business dealings reveal that Rob Walker, a Biden family associate, used his company to transfer money from a Chinese energy company to Hunter Biden, James Biden, Hallie Biden, and an unknown "Biden," the panel said Thursday.

Hallie Biden, Beau Biden's widow who had a romantic relationship with Hunter Biden for a short time, received $35,000 over two transfers in 2017, according to the records. House Oversight Committee Chair James Comer, R-Ky., says Chinese firm Energy HK Ltd. wired Walker, a family Biden associate, $3 million just before those transfers.

Walker then sent hundreds of thousands of dollars to the Biden family.

https://www.newsmax.com/politics/bank-records-house-oversight/2023/03/16/id/1112464/

 

[One Brow]

Bank records obtained by the House Oversight Committee ...

show completely legal dealings with a then-private citizen.

 

[The Thriller]

Ew! Gross! Trump is going to destroy this guy. So weird and socially awkward. And Ron can’t go on the attack because he’s competing for Cult 45 voters. Can’t wait for Trump to make fun of this. Barring a stroke or some act of god, Trump is easily going to be the nominee in 24.

Spoiler: Language

View: https://twitter.com/jakelahut/status/1636337913230139394?s=46&t=QT7YFlZ_IlHq81PpZAhKgw

 

[SteakNEggs]

So Biden is signing EI

Ew! Gross! Trump is going to destroy this guy. So weird and socially awkward. And Ron can’t go on the attack because he’s competing for Cult 45 voters. Can’t wait for Trump to make fun of this. Barring a stroke or some act of god, Trump is easily going to be the nominee in 24.

Spoiler: Language

View: https://twitter.com/jakelahut/status/1636337913230139394?s=46&t=QT7YFlZ_IlHq81PpZAhKgw


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I actually like DeSantis more. Thriller and his cult minions have the maturity of Trump basically being triggered over this. Thriller helping his favorite dude Trump spew propaganda. WHat a child lol. OMG he eats pudding lol. What else are you children going to cry about? This is about as stupid as it gets.

 

[fishonjazz]

All it takes for some people to like a candidate more is if that candidate eats his pudding with his fingers. Very important trait for a president lol.