quote:

Originally posted by stoic-one:
Surprise, surprise...
Apparently the inflation report isn't going to be as favorable for statistical manipulation as it was last month...

But, but, I just heard on the news at lunch Biden is scheduled to do a speech this afternoon touting his economic success in improving the US economy for all of us. We're currently living in a screwed up version of the Twilight Zone.

quote:

Originally posted by bigdeal:

quote:

Originally posted by stoic-one:
Surprise, surprise...
Apparently the inflation report isn't going to be as favorable for statistical manipulation as it was last month...

But, but, I just heard on the news at lunch Biden is scheduled to do a speech this afternoon touting his economic success in improving the US economy for all of us. We're currently living in a screwed up version of the Twilight Zone.

Further proof you can twist numbers in many ways, but the broader question is how many independents are buying their messaging. Independents buy groceries too, and those went up higher than the index, which is why the lower gas prices didn't offset them.

quote:

Biden is scheduled to do a speech this afternoon touting his economic success in improving the US economy for all of us.

On a day when the financial markets are down 4-5% across the board.

Didn’t Trump fill it to the brim at $40 a barrel?

SMDH


Biden Admin Reportedly Ready To Refill Strategic Petroleum Reserve At $80/BBL

FJB
FJB
FJB
FJB
FJB
FJB

White House claims prices ‘essentially flat,’ throws ‘inflation reduction’ party as annual rate hovers at 8.3%

https://nypost.com/2022/09/13/...flation-celebration/

White House press secretary Karine Jean-Pierre insisted Tuesday both that inflation was “essentially flat” and that it was OK for President Biden to host a large celebration of his Inflation Reduction Act — even though annual inflation remains elevated at 8.3%.

“Overall, prices have been essentially flat in our country these last two months. That is welcome news for American families with more work still to do,” Jean-Pierre said at her regular briefing, moments ahead of the large South Lawn bash.

Republicans, however, attacked Biden as “out of touch” for hosting a celebration for the environmental and healthcare spending bill — noting that inflation remains at its highest level since the early 1980s.

“You can’t make it up: Hours after this terrible inflation report, the White House is hosting an ‘inflation reduction’ celebration,” Senate Minority Leader Mitch McConnell (R-Ky.) tweeted. “Democrats have spent our economy into disaster and now they’re partying while families pay. They could not look more out of touch if they tried.”

August data showed a continued demand-driven decline in the cost of gasoline. But cheaper gas was offset by steep 12-month jumps in the cost of food (up 13.5%), electricity (15.8%), rent (6.8%) and health insurance (24.3%).

Biden’s staff repeatedly plugged the South Lawn festivities Tuesday in tweets from his account.



One presidential social media post said, “Exactly four weeks ago, I signed the Inflation Reduction Act into law. So today, we’re celebrating. Tune in at 3 PM ET as I deliver remarks and welcome the leaders and advocates who made it happen to the People’s House.”

The conservative group Americans for Prosperity quote-tweeted Biden — adding a GIF from the TV show “Schitt’s Creek” ironically concurring with the celebration while noting 12-month increases in the cost of eggs (up 39.8%), meat (8.8%) and baby food (12.6%).“

Jean-Pierre said at her briefing that Biden would be “joined by thousands of Americans” on the lawn “celebrating the historic Inflation Reduction Act,” but faced skeptical questions from reporters.

NBC’s Kelly O’Donnell asked Jean-Pierre if there was “any concern that there’s a dissonance between the current economic moment and the celebration you’ll have this afternoon.”

“It’s not about us celebrating. It’s about the win for the history — the win for the America,” Jean-Pierre said.

“When you see costs that are going to come down for our seniors when you see costs that are going to come down for American families, as I just listed out — for energy costs, are going to come down and… about the health care costs are going to come down,” Jean-Pierre said. “That is a huge — it’s a huge win for the American people.”

Republicans and independent analysts say that despite its name, the Inflation Reduction Act will have little — if any — positive near-term effect on inflation, which this year soared to 41-year highs, peaking at 9.1% in June.

Studies by the Penn Wharton Budget Model and the Tax Foundation say the bill won’t lower prices — at least not in the near future.

The Inflation Reduction Act provides nearly $400 billion for environmental programs, including tax credits of up to $7,000 to buy electric vehicles, and roughly $64 billion to extend more generous COVID-19-era ObamaCare subsidies.

The spending is offset by new taxes on corporations, including a new 15% corporate minimum tax, increased IRS enforcement and by allowing Medicare to directly negotiate drug prices.

Although the annual inflation rate in August of 8.3% nudged lower from 8.5% in July and 9.1% in June, the Bureau of Labor Statistics reported that new monthly data included worrying news as well — as a demand-driven decline in gas prices offset other increases.


Americans for Prosperity
@AFPhq
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Electricity ⬆️ 15.8%
Meat ⬆️ 8.8%
Eggs ⬆️ 39.8%
Baby food ⬆️12.6%
Fuel oil ⬆️68.8%
Gas ⬆️ 25.6%

“Increases in the shelter, food, and medical care indexes were the largest of many contributors to the broad-based monthly all items increase. These increases were mostly offset by a 10.6-percent decline in the gasoline index,” the official report said.

“The food index continued to rise, increasing 0.8 percent over the month as the food at home index [groceries] rose 0.7 percent. The energy index fell 5.0 percent over the month as the gasoline index declined, but the electricity and natural gas indexes increased. The index for all items less food and energy [core inflation] rose 0.6 percent in August, a larger increase than in July.”

The Republican staff on the House Ways and Means Committee tweeted Tuesday, “For a majority of low-income households, rising prices have become a source of ‘major financial stress’ as inflation has wiped out 26 million low-income households’ savings since Biden took office. The so-called ‘Inflation Reduction Act’ is, ironically, set to make things worse.”

“Grocery costs have surged 13.5 percent over the last year — a 43-year high!” wrote Rep. Vern Buchanan (R-Fla.). “It’s no surprise 78 percent of hourly workers are unsure they’ll be able to afford food in the next two weeks. #Bidenflation is draining Americans’ wallets and savings accounts. Plain and simple.”

Republicans and some independent analysts say government spending fueled inflation. A study released in March by researchers at the Federal Reserve Bank of San Francisco said that in the final quarter of 2021, about 3 percentage points of US inflation — or roughly half of it at the time — may have been caused by federal spending during the COVID-19 pandemic, including Biden’s $1.9 trillion American Rescue Plan Act.

These people are delusional, prices at the grocery store are NOT “flat”. Each week the grocery bill goes up it seems

The country burns while Biden parties.

quote:

“Overall, prices have been essentially flat in our country these last two months. That is welcome news for American families with more work still to do,” Jean-Pierre said at her regular briefing, moments ahead of the large South Lawn bash.

Is this bitch really this damned stupid? Or do these people really think they can tell bald faced lies like this right to our faces and we won't know it? Lying, dumb bitch.

Rule of 72.... You just divide the inflation rate or any interest rate into 72 and you can find how long it takes for your money's value to be cut in half and or double. At 8.3% it would take less than 9 years for one hundred thousand dollars to be worth 50k. In 2019 it was 1.8 percent... at that rate it would have taken 40 years for the same thing to happen. Just to put it into perspective at how huge those percentages really are. And this bitch says prices are flat. Pissing down our backs and telling us it's raining

quote:

Originally posted by Balzé Halzé:

quote:

“Overall, prices have been essentially flat in our country these last two months. That is welcome news for American families with more work still to do,” Jean-Pierre said at her regular briefing, moments ahead of the large South Lawn bash.

Is this bitch really this damned stupid? Or do these people really think they can tell bald faced lies like this right to our faces and we won't know it? Lying, dumb bitch.

Rule of 72.... You just divide the inflation rate or any interest rate into 72 and you can find how long it takes for your money's value to be cut in half and or double. At 8.3% it would take less than 9 years for one hundred thousand dollars to be worth 50k. In 2019 it was 1.8 percent... at that rate it would have taken 40 years for the same thing to happen. Just to put it into perspective at how huge those percentages really are. And this bitch says prices are flat. Pissing down our backs and telling us it's raining

Its kind of like a Pilot coming on the PA and saying "Good news folks, We're no longer descending straight down at 1,000 fps, we're now only going straight down at 900 fps"

quote:

Originally posted by Balzé Halzé:

quote:

“Overall, prices have been essentially flat in our country these last two months. That is welcome news for American families with more work still to do,” Jean-Pierre said at her regular briefing, moments ahead of the large South Lawn bash.

Is this bitch really this damned stupid? Or do these people really think they can tell bald faced lies like this right to our faces and we won't know it? Lying, dumb bitch.

Rule of 72.... You just divide the inflation rate or any interest rate into 72 and you can find how long it takes for your money's value to be cut in half and or double. At 8.3% it would take less than 9 years for one hundred thousand dollars to be worth 50k. In 2019 it was 1.8 percent... at that rate it would have taken 40 years for the same thing to happen. Just to put it into perspective at how huge those percentages really are. And this bitch says prices are flat. Pissing down our backs and telling us it's raining

Hey, it's good news if you spin it right. It doesn't matter that inflation is still at record highs. Spin the fact that it's dropped a fraction. I feel better already......

I don’t think she or any of these Dems are stupid.


It’s just that they DON’T. GIVE. A. RAT’S. ASS. about what you and I think. They’ve got an agenda to complete and so what if it means the economy crashes and we’re all in breadlines. It’s mission accomplished or bust.

a good video re biden's shitty speech in Philadelphia:

https://twitter.com/i/status/1568276361298743302

from:

https://www.powerlineblog.com/...9/whos-extreme-2.php

Biden and his handlers celebrate the laughably named "Inflation Reduction Act" which will work JUST as well as the "Affordable Care Act" which sent my yearly deductible from $600 to $6,000

They cannot escape this in November:

quote:

Originally posted by 229DAK:
The country burns while Biden parties parries.

IMHO.

quote:

Originally posted by Balzé Halzé:

Is this bitch really this damned stupid? Or do these people really think they can tell bald faced lies like this right to our faces and we won't know it? Lying, dumb bitch.

Rhetorically speaking, right?

One small positive thing (at least to me) that I hadn't heard before in the trash called "inflation reduction act" and the terrible EV tax credits. The requirements for material sources and assembly

Lets see if these assholes allow mining in the US, specifically in NV and the Salton Sea



A more secure domestic EV supply chain
The minute President Biden signed the IRA, a big change to the longstanding EV incentive immediately went into effect: Now, only passenger vehicles assembled in North America qualify for the $7,500 federal EV tax incentive, leaving approximately 30 models eligible. Although 10 of those models have already met the manufacturers cap, the IRA lifts that cap starting January 1, 2023.

The IRA also rectifies the domestic battery and critical mineral production shortfall with new material and vehicle component standards. Instead of locking in our reliance on outsourced mining and manufacturing for another decade, the IRA makes eligibility for the full $7,500 incentive contingent on two new requirements (with each valued at $3,750):

Materials. Critical minerals used in EV batteries must meet a gradually increasing percentage of components extracted, processed, or recycled in North America or in countries that have free trade agreements with the U.S., starting at 40% in 2023 and increasing by 10% each year, up to 80% in 2026. Starting in 2025, vehicles will not qualify for the tax credit if the battery’s critical minerals were extracted, processed, or recycled by a “foreign entity of concern,” which encompasses specifically designated nations and organizations owned by, controlled by, or under the jurisdiction of such nations.

Components. An EV battery’s components must be manufactured or assembled in North America—50% beginning in 2023, increasing by 10% each year, up to 100% in 2028. Starting in 2024, vehicles will not qualify if the battery components were manufactured or assembled by a foreign entity of concern.

https://www.forbes.com/sites/e...ers/?sh=7f88fea4117e

https://nypost.com/2022/09/14/...year-old-love-child/

Hunter Biden cries poverty in trying to slash child support for 4-year-old

Hunter Biden is trying to get his child support payments for his 4-year-old love child lowered by claiming a substantial change to his “financial circumstances,” according to court documents.

President Biden’s son, 52, has asked an Arkansas judge to recalculate the child support payments he makes to Lunden Roberts, 31 — the mother of the daughter he’s never met, according to a Monday court filing obtained by the Northwest Arkansas Democrat-Gazette.

Hunter cited “a substantial material change” in his “financial circumstances, including but not limited to his income,” for the reason behind his request.

It wasn’t immediately clear what the change in Hunter’s income was.

Brent Langdon, his Texas-based attorney who signed the motion, said reforms to the child support guidelines in Arkansas in 2020 were behind Hunter’s push to review his payments.

“Like many other individuals whose child support obligations were calculated before the new guidelines took effect, Mr. Biden has asked the court to review the existing child support determination and to establish an amount of child support that complies with the current guidelines and circumstances,” Langdon said in a statement.

Roberts’ attorney, Clint Lancaster, was quick to express doubt over Hunter’s monetary status — and vowed to look into his financial records.

“Ultimately, this is going to require us to look deeply, more deeply, into Hunter’s finances,” Lancaster said. “I’m going to want to have a deposition with Mr. Biden. Like last time, I’m going to bring my forensic accountant to the deposition, unless the judge tells me I can’t.”

^^^Maybe she'll have them 'serving' the guests at the event! You know, waiting tables, delivering tacos, and serving drinks...All while wearing masks!

"They're almost like real people."

Yeah, not a good start for ya, Jill. Maybe get ol' Droolin' Joe in there to pinch hit for you.

And don't forget, Jill- in order to communicate with Hispanics, all you have to do is slap an "-O" on the end of random words and speak very loudly.

"WELCOME-O, ALL YOU LITTLE BROWN PEOPLE-O!!"

Hearts and minds, Jill. Hearts and minds.