^ It will have some play in the outcome but not enough to stop the "get them the out" wave that's coming. There aren't enough votes from super lefties, LGBTQ and pro choice voters vs everyone else just trying to make a living to stop this. Trump lost the middle vote and they voted for Biden. Those voters will turn on Joe just as fast. People aren't getting abortions everyday - but they are trying get by. The biggest shoe has yet to drop but is coming very soon. When housing becomes crazy(er) in cost, the poor will struggle even worse. Mix that with the cost of goods, etc. THAT is what is going to sink the dems. The window is closing tor the middle class to buy a home. Rent is going to climb so high it hurts because it's supply and demand (and greed). I was here for the Jimmy years and here we are again. Joe won't have them fixed in 2022. I don't think he'll have them fixed in 2024 either.
For those who don't get it, we are now in a recession. It was just 1 or 2 quarters ago people were talking about how we are in a booming economy. Job losses are going to start piling up very quickly. The big question is whether we see another 50bps at the next FOMC meeting in June.
Pandemic started under Trump, as did the lockdowns, as did the drop in unemployment. So which is it? If everyone had jobs, is the drop in employment to his credit or is he at fault? Not sure where you are laying the blame.
They will keep swinging the hammer because it's the only tool they have in their tool box. Rich people can afford the rate hikes. Middle class and poor though? They will get priced out of housing and cars. It's cash or can't buy it times coming up for them. They should keep rates low but make a law where home buyers live in the house 1 year before they can rent. If you want a 2nd home, then you have to not rent for a year. Investors are the ones buying up the houses so they can charge big rents and turn around and sell for huge profits later. Biden's economy is creating a bigger divide between the Haves and Have-Nots.
We'll see another hike because they still think that will put some limp wristed Volker magic into inflation while supply constraints and zero biz interest in expanding capacity (oil) are hitting the supply side. Maybe 25 bp because they're sagely and totally in control.
You're pinballing (as libtards tend to do), you're bringing up pandemic and lockdowns, when the issues I am addressing are inflation, gas prices, energy prices, shortages, and all the other crap going on today that were not going on when DJT was President. I swear you guys all have ADHD.
Orange hair started stupid trade war, not just against China, but also mexico, canada and other US allies. this wrecked many of the global supply chains which got the inflation ball rolling
https://www.businessinsider.com/inf...od-energy-price-growth-russia-ukraine-2022-5] Inflation slowed in April for the first time in 8 months The April CPI report, Consumer Price Index, as monitored by the Dept of Labor & Statistics, reflects a slowdown from the 8.5% pace seen through March and the first deceleration of the year-over-year measure since August. The report offers the first concrete signs that the US could be past peak pandemic-era inflation. Price growth became the biggest problem facing the economic recovery early in 2022 as the Omicron wave faded and Americans' spending ripped higher. Russia's invasion of Ukraine only worsened the problem, as the war and related sanctions lifted the prices of food, gasoline, and other key commodities.
Still higher than the 8.1 they "hoped" for. Spin doctors hard at work. We're not doing 200 mph anymore folks - we've slowed her down to 195.
Voters can be justified for punishing Biden for inflation, but no one can pretend to know what will happen or even what is happening. If we were that good, we'd be making money off it rather than belly aching here.
Yep - that sounds about right for him. An off the chart narcist who's never EVER admitted a mistake. Never voted for him and never would. But you're EXTREMELY naive if you think what's going on with the economy isn't going to cost the dems big time come November.
Nope, never said that, you surmised that on your own. I said stifling production affects gas prices, which is true.
