https://www.gasbuddy.com/gasprices/texas/austin Notice some gas stations are only $2.99 when paying cash.
All these anti democratic posters sure can't wait for the gop to get back into office to pass yet another corporation tax cut and sell us Another version of trickle down economics. Pffffft
for the first time in recent months, in a poll of registered voters, conducted after the "Mar A Lago" search warrant was executed, cost of living is no longer the most critical issue facing the country. the top 3 most critical issues are as follows: 21 % of voters rank "threat to democracy" as the most critical issue, 16%, down from 30+ %, pick "cost of living", 14% pick "jobs and economy" in view of this emerging trend, the Repugs need to come up w a new rhetorical attack on the Biden presidency
We've already seen the latest attack line. It is that Biden and the FBI are hopeless biased against Republicans and are coming after Republicans.
Texas doesn't have a state income tax, but most Texans pay more in taxes than Californians, data suggests
That line isn't going to work as well as the inflation attack. And inflation coming down really hurts Republicans as they spent so much energy blaming Biden for inflation, and now do you give him credit for solving it? Or do you say the President has nothing to do with inflation and thus admit you were tearing him apart for no reason?
I wouldn't count on inflation to continue to come down. Inflation is a global issue, not a US issue. The US government (forget the whole dumb Presidential argument) can have moderate impact on localized inflation, but its limited.
That's a random ass list. Half of the stuff on there are only a small amount of people actually cook these things at home and none of it is a staple, except flower. Quail, Scallops, Duck Breast? What's next Grey Poupon?
We're going to have a global recession. The markets have already called it. That is what will ease inflation - globally. The combo of rising rates and high prices is going to reduced demand and give time for the supply chains to right themselves.
this surprised the heck out of me for me, "threat to democracy" has been the most critical issue since around 2018 but it seems few cared that much if you don't have a democracy, nothing else matters that much
Dont count on it. Remember, inflation was transitory. Also rate hikes was suppose to kill demand, but its still strong as ever. The general "its supply chains" mantra is played out. You can't correct supply chains when you have countries like Russia playing economic warfare with Europe. Also Boomers retiring will only continue to compound on the problem and Gen Z and Millennials are refusing to work long hours and want a better life style than Gen X and boomers. This is not just a US thing either. Its a 4th Turning issue.
Supply chains are still disrupted from COVID - and still being disrupted by it. Russia is just a small part of that. The markets have already hit their bottom. Inflation will not go down to 1% again but it will get more under control and likely slowly subside. Energy production is still ramping in other parts of the world, and will stay high because of Russia yet, but it won't be so debilitating as when it came right after the COVID shock.
Yeah, it surprised me as well and really blunts a lot of the momentum that Republicans have. Seems the Republicans have reached a tipping point. Thanks Uncle Joe, he has played this perfectly.
You meant oil. Russia can't play economic warfare with "supply chains". For example, Russia has close to zero impact on silicon chip production which is still seeing a major shortfall and will continue to do so for 1-2 years. As for energy, Europe will eventually move away completely from Russia. They can win the short-term energy warfare against Europe but will lose long term. You can't and shouldn't generalize "supply chain" to all supply chains. Some areas might have already fully recovered and some still have a long way to go, while almost all big players are changing how they manage the supply chain to ensure business continuity post-Covid-19. We aren't going back to the pre-covid-19 supply chain. The future should actually be more robust, maybe not as efficient but more reliable and less subjected to disruption shocks.
