Inflation Still DOGGING Biden’s Reelection: Report
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- Опубликовано: 29 апр 2024
- The Hill's Sylvan Lane break down the latest economic news and whether interest rates will decrease. #thefed #economy
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Where is this guy getting his inflation rate of 3.5% when everything is doubled and tripled in price
They're allowed to use substitutions in the calculation of inflation. So that number is manipulated.
Food, fuel are not included in numbers because they can be volatile...and those are 2 of the things that have the biggest effect on the middle and lower income population., the inflation numbers are pretty dishonest to what middle and lower income folks actually feel
Such BS! I am in my 50's and ALL of my male friends have been out of work for well over a year. I had to move in with my parents. Rents have SKYROCKETED! Yet, if I lived off the system I would be better off. FACT.
Bidenomics 😂😂😂
Biden get our 💰💰💰put in his pocket???? 🤡👹👹👹
I have never felt this poor, that happened under Biden, I was fine 4 years ago. I would even argue that 2008 was less impactful to me then this "non-recession" as I worked through both. This administration is useless. Seriously my least favorite president of all time.
You are just feeling the impact of 2008 right now. US started printing money in 2008. And now you have inflation.
I don’t want to go back to the Trump pandemic lockdowns. I can’t afford it!
@@ClownCarCoupTrump did not want to lock down.
Real inflation is over 100% for regular food and household items compared to 2020
Be prepared for Hyperinflation.
How do you prepare? Gold, Bitcoin? Land? Tips?
@@michaellong9214 Stockpile
@@michaellong9214 Trump NFTs!
Inflation has dropped from 5% to 3.8%. . .LOL Yeah Right!
😂😂😂😂🎯🎯🎯🎯
You can have price increase and reduction in inflation at the same time. This is how it work
Day1 a loaf of bread cost $1 has a price increasw of $1. Inflation is 100%
Day 2. Price increase by $1 again. But inflation is only 50%.
See inflation is reduced by 50% but price went up 200%
“Jobless rate” ???? lol no that’s the unemployment rate which only takes into account those actively seeking employment. So many have given up.
The Communist Democrats won"t even talk about the high unemployment rate.
You are so wrong. People NEEDS two jobs. So a million jobs is only for 500K people.
Moreover, so many people who are parents (mostly women) were forced out of the job market by the pandemic and realized if they just stayed home they'd save their salary in daycare costs. So when a whole lot of people left the job market permanently and you destroyed a bunch of jobs then recovery is your "progress." Yeah, we have new jobs(jobs you destroyed a few years ago), unemployment is so low(because a large part of your populace isn't looking to go back to work).
If you're unemployed for over a year you are no longer figured into the unemployment equation. Part time, 2nd jobs figure in as full employment- you really need to dig to find the real numbers, underemployed persons are pretty much left out of the equation- the numbers are cooked....
1 trillion a year on " defense" can use a cut
And aid to countries for war and nonsense.
And cut the epa budget also .. oops I bet you don’t want that .. only government agency without a budget
FAXXX.
Okay so your "economics expert" is wrong on pretty much everything
It's The Hill. Everything is made up.
If you add up grocery inflation gas inflation ,rent inflation without wage hike more like 50 percent
They don’t count food or fuel in their calculations. I heard an economist say that. I think it’s ridiculous, but I’m sure they have their sinister reasons.
@@mr.saturn7833 Because SSI is indexed by inflation. By not counting them. you reduce SSI payment.
@@davidwong5197 Interesting. 🤔
Cut government spending! With the exception of 2020 Biden's deficit spending is more than Trump's. Put the government budget back to 2019 levels.
We need to reduce spending AND raise tax. 2019 we are still spending too much. We are paying 1.5T just in interest. We cannot be giving Ukraine 100B a year. And Zelensky want us to pay him for 10 years. F that
@@davidwong5197fuck raising taxes. The taxpayer didn't get us into this mess. The government did. Cuts and reallocation should begin and end with the most bloated, ineffective government in the world.
@@anthonyrluna3056 Our budget is 7T, our revenue is 4T. Cutting spending or raising tax alone is not gonna do it. biden tax incraese only raise 500B, not gonna do it. Cutting Defense budget by 50%. Not happening. We need to do both.
I know I am pissing off both sides. But we need to face reality. there is only one more thing we need to add. No more 80K trash can and defense contracters need to bear the cost of overrun.
If only we paid for JUST what happens INSIDE the US BORDERS and not foot the bill for over 3 nations skirmishes.
Better yet 2015 levels. Bring back Obama.
Trump increased the deficit every year he was in office. Turns out tax cuts for the rich don’t trickle down after all
Inflation is only 3.5 if you exclude food and energy. Liars are found everywhere.
Food and energy are kinda important to, well, everyone. Excluding them is pretty much denying the entire issue.
I spend like $200 a week on food and energy.
I don’t think people understand that prices don’t come down even when the rate of inflation slows down. It’s up only for prices, just faster or slower.
Nor does POTUS have much of an impact on global inflation anyway. But, feelings > logic
i live in small town tn..40 miles southwest of nashvegas..a large orange chicken and large fried rice costs 19 dollars at panda now..people who work there can't afford to eat there..that's hella inflation
Corporations aren't going to drop prices and make less money but on the other hand they definitely aren't going to pay us more either 😒
It’s all the corporations’ fault. I’m not saying that their hands are clean, but it’s more about the BS this administration pushes.
We need TRUE capitalism. US has fake capitalism. It is a communist country for corporation.
Imagine if our government dealt with inflation with the same sense of urgency they have for their foreign aid projects.
This guest knows nothing and it isn’t former President Trump, he is President Trump.
He gets to keep his title for his service to our nation.
L segment from this guy
"I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
- Drill Baby Drill.
- Stop dumping money into EV's.
- Stop forgiving student loans payments which were supposed to fund Obama care.
- Stop green energy regulations which drive product costs.
- Control illegal immigration and associated welfare, health care and education costs.
Good stuff!👍🏻👏
STOP THE FEDERAL RESERVE.
You do know that eventually oil will run out? Also we eventually will have to use EV’s at some point as gas cars are literally accelerating global warming which could contribute to natural disasters.
@@laylapreater7813All the material that goes into an EV is acquired by fossil fuel machines. Also, EV’s are charge by fossil fuel. Unless a car is powered by the sun or wind, it’s just another piece of equipment reliant on fossil fuels.
Stop funding Israel and Ukraine wars Most important
Give all of the help to those who live off of the system and ILLEGALS (NOT immigrants)- yeah, sounds fair to me.
That is what the excuses are. Illegals were here since always, We didn't have problem then. We even have TWO amnesty. Reagan did one in the 80. Why do we have problem now? It is all political gesturing from both side to distract us from the real problem, SPENDING.
Okay, I live in SoCal, and gas is pushing up to 6.00 a gallon. I checked my local grocery store flyer. Cans of beans which used to be 1.15 a can, are now 2.00 a can and "on sale" for 1.67. I buy groceries and cook in my household, it's bad and it's getting worse.
The economy is good those who have MONEY! The people leaving paycheck to paycheck NOT SO GOOD 😢😢😢
Some things never change..
Of course Bri would suggest the worst way to prop up the grossly inefficient Social Security system.
It would be more cost effective if the government took $1,000 for each citizen at birth and invested in an index fund for that person to own at retirement... But that would mean the retiree is no longer dependent on the government for living, which politicians absolutely hate to think about.
Whatever the solution, the less the government is involved, the better.
SSI has a surplus. And where did the money go? General spending. By investing in index, you will be cutting off government revenue. There is almost $3T in SSI trust fund. And they will never be repaid or distributed.
Just let me keep the money so I can buy a house which will appreciate in value
@@davidwong5197 In other words, SS is just a way to disguise additional taxation, but those taxes have a soft recommendation to go to a program greatly dependant on each generation having equal to or greater birth rate than the generation before. By the way, the birth rate has been declining steadily for a long time now.
Investing the money or just giving it back to people for them to invest would be far more effective... But again, without Social Security, lower income retirees would no longer be dependent on the government's good will to simply live and politicians don't like citizens they can't control.
6:46 It is amazing how uninformed this woman is.
I see no problem in raising the cap like Brie suggested. Especially in light of the fact that right wingers want to get rid of social security.
That’s a feature of Bri, not a bug.
@@marywalters1181It’s Bri, she’s not a cheese. Also, she’s a socialist, almost communist. And that system doesn’t solve anything either. There are no solutions, only tradeoffs.
@@mr.saturn7833 Well stated.
@@marywalters1181 LOL "Right wingers want to get rid of Social Security." Which no one has suggested.
Look at face of lies right here
Putin price hike !!!
?
@@andypettit5869 it’s what this admin said a bit ago .
It is getting worse!!!
It’s a joke in for the immediate to allow him to get away with that is a big joke cause it’s all about the money the media making money
Funny how the geek didn't mention reducing the defense budget as even being possible. Such thoughts have been starched right out of him.
Dude acting like inflation isnt so bad anymore while he couldn't even afford a tie
Prices go up, only up when those in power have the biggest debt. Inflation is good for those who owe
Consumer debt is at an all time high
Social security is paid for by the people that draw it. They paid for that with every single paycheck for their entire life.
Entitlement
Bidenomics
Thanks, Joe!
Sucks!
Think about this
Every three months adds another Trillion to the debt
Things are going to get far worse most likely next year
And if the TCJA gets extended, that adds another $6.5T. We just keep digging
Only RFK jr talking about this
Where do you guys find these people? It's understood that people don't like Trump. But the results are the results - much better economy, ending wars, and tempered border issues to name a few were much much better under Trump than under Biden.
If we want to work on the debt, the almost $5 trillion government budget we're running seems like a good place to start.
Extending the TCJA will add $6.5T to the debt.
Funny this guy is talking about how high it was under trump but it feels worse now. Everything is so expensive.
Everything is worse now. That guy is delusional!
When your government think low price is bad. You got a problem. When your government think containing China is more important than their citizen's livihood. You got a problem. Trump and Biden both want to increase tariff. What will that do? Inflation. Trump wants to have a 60% tariff. American company see it, we can now increase our price by 50%. We need politicians that actually care about us
He wants you to just believe...believe. Doesn't matter what you remember...just believe...
Trust your feelings
It wasn’t higher he straight lying
Turn the oil pumps back on
When did they get turned off? The US produced all time record amounts of oil last year.
Inflation could fall to 0% right now and many people would still not change their minds. We need deflation, jacking up prices then just keeping them super high doesn’t make things better
Never going to happen. Quality of life is just going to go down
Real (inflation adjusted) median wages are higher than ever.
@@ClownCarCoupwhere? I still drive around town and everyone has their signs boasting “up to $17/h” while rent is 1300. When I was little my single mother purchased a decent 2/1 house while working at a shtty bar on the corner. She makes 3x now and the idea of her buying a house is unfathomable
@@Semelem This is tracked by “FRED” - Fed Reserve Economic Data. Just google “Real Median Wages + FRED”.
Prices won’t come back down. That’d be deflation, which is not good. Eventually wage prices in rural areas will catch up and things won’t seem as expensive.
Housing prices, OTH is a whole different issue, separate from most other goods. Prices for housing are coming down now, but in the last decade alone, inflation has increased 31%, while home prices are still up 63%.
I just filled my gas tank - $5.25 per gallon. This is not 3.5% inflation.
My EV charges at 18 cents per kw/H. That’s the equivalent of 60 mpg.
@@ClownCarCoupwhen you replace battery $1000+ per gallon
@@dude6519 history shows Tesla batteries lasting 300k - 500k miles. Even if I had to replace it after Teslas 100k warranty (unlikely), I’d still be $s ahead with gas prices at $5/ gal. Math
@@ClownCarCoup Not all of us are able to afford (or able to go into debt) a new EV or able to afford the possible repair costs of a used EV.
@@genesisopera Firstly, EVs have lower maintenance costs than ICE cars. Secondly, EV prices (new and used) are plummeting. If you have access to plug in a vehicle where you live and commute < 40 mi RT, EVs are an excellent and affordable vehicle.
Seems like you might live in CA, which has a $4k EV rebate on top of the $7500 Federal. The rebates are reduced for used EVs, but still makes them very affordable.
Consider that electricity prices are not volatile like petrol. The average price of petrol since 2000 has increased 138% in REAL (inflation adjusted) $s. It will _continue_ to increase and likely be more volatile (influenced by geo politics) than it has been. Meanwhile, the average price of electricity in kw/H has DECREASED slightly since 2000 in REAL dollars and has remained fairly consistent and predictable.
Schedule F! Make it happen!
Eliminating wasteful government spending would help cut debt. Taking care of illegal immigrants, not involving ourselves in wars that r none of our business, eliminating Homeland Security, the dept of education the drug enforcement agency, the monkey pox czar, the alcohol czar etc etc etc would be a good start to cutting debt
COVID? You're going to blame COVID? Well, so do I, but you sound like the shutdown and treatment consequences were unavoidable.
What else shuts down global commerce?
@@ClownCarCoup Uh, capitalism, racism, misogyny? jk. What are you alluding to?
@@paigemccormick6519 just saying the pandemic _is_ the reason for global inflation!
Increase energy production to reduce inflation.
Is this show political propaganda or public relations ,or journalism.because this journalism is getting baaaaaddd
What specifically?
@@agoogleuser704 I am trying to hold them accountable to a higher standard ..dude on show has agendas and bri isn't calling B.S enough to issue like sports teams holding stocks in private prisons and American bread and circus .she is way too smart to not press harder in my opinion ..seems like she s just getting on the kid who eats the red crayons when u know they gonna eat the red crayons .we need the foxes out the hen house .just my opinion
@@Exexorder11110Agenda 🤣
I remember 3 months ago they had a same video almost to the tee and then two weeks later the real numbers came out and destroyed this channel
cut the military budget.
Sylvan "You Know" Lane
Soc Sec: It's clearer to say "the same percentage" of SS tax, not "the exact same amount proportional to your income." Just let me keep my own money, please.
You get your money back when you retire.
@@davidwong5197 Oh, I know how it works.
The natural economic output (i.e. minimal government interference) is deflation - as when productivity improves. 3.5 percent inflation is still a raise over the previous years inflation. The prices are still rising faster than median income. The main price raises are for those necessary goods and services that the bottom half of the economy must have and thus more acutely feels.
I’m gonna vote for Biden, because I get to work overtime… Yippee
11/5/22 Historic
This is a useless conversation if you’re not talking about the Federal Reserve
Wow bri way to feed him the answers you want him to say. Also real inflation that’s meaningful to real people is far higher
I dont think she understands that bringing rates down is going to make prices higher
Robbie your check is going down it use to seem in biased but now you let Bri dominate the show with her biased stands and in accurate information it seems you guys don’t do real research the girl on the weekend is the only one who is well informed and she needs to to be on during the week so she can debate Bri cause she walks over you with in accurate info and you just agree
keep spending like a drunken sailor on leave. Printing money and uncontrolled spending have consequences.
Drunken sailor doesn't spend money. His money got stolen by non drinkers.
The federal estate tax and generation skipping transfer tax lifetime exemption amount for an individual went from $675k in 2000 taxed @ 55% thereafter to $13.61 million in 2024 taxed @ 40% thereafter. Sounds like the place to boost tax receipts.
Sure, but is that why gas is at least 30% higher under Biden and eggs are at least twice under Biden, etc.?
This dude is the personification of the failure of public school education mathmatics
Cut war budget. Raise billionaires taxes. Done ✅
Quit paying off student debt with taxpayers money to bye votes
Inflation isn't the result of government spending or lack of taxes... It's the result of the Federal Reserve printing money (called "quantitative easing"), which dilutes the value of a US dollar (thus it takes more of those dollars to buy the same stuff).
The most ideal solution would be to return the USD to a representative currency like it was when we were on the gold standard, but based on a portfolio of scarce physical assets instead of just gold. That greatly limits the ability for a government (or Federal Reserve) to print infinite money. It still can be done, but it's harder.
If you refuse to address Social Security, Medicare, and other welfare programs you are not a serious person.
Cut war budget, agreed. Why should success be punished?
War budget would be plenty
Its corporate price gouging, no one is doing anything about that.
Inflation is ALWAYS price gouging... Did you think that somehow wood became harder to chop or something? Prices are based on maximum return and if enough people will pay the higher price that they make more than they lose from customers priced out, they keep raising them. They won't lower prices until people stop buying. Look at the price of bud light...
Cause trump not there bet u if trump there those same words be floating about by mainlies media
@@soundmanbk11 if Trump was in office, his tariffs would make American manufacturing competitive and companies would start developing domestic imports for chinese products. Biden left the last set of Trump tariffs in place, do companies will know that this doesn't go away with Trump. The reason Biden won't do it himself, and why he is failing, is that he turned Trump into such a that he literally can't do what worked for Trump...
If inflation is only because of corporate price gouging, why are corporations just price gouging now? There are many reasons for inflation. Ultimately it's too many dollars chasing too few goods. Government spending is also to blame.
@@soundmanbk11 TRump caused inflation. Trump will cause even more inflation if elected. What would a tariff of 60% do to an economy?
Biden is losing, Briahna brings you the latest cope lol.
She doesnt support Biden
Fact check Brie: people who make 160,000 or more pay the same amount of tax as someone who makes 1 million but they do not pay the same amount of tax as someone who makes 40,000 when it comes to Social Security
Poor Biden. I, for one, think he's doing an absolutely wonderful job.
Joke right ?
Which mental hospital did you escape from ?
Is there a link to where you buy the good stuff? I might be able to swing it if I can coexist in your Utopia.
I seriously hope this is sarcasm! If not I guess you're part of the 38% that approves of this incompetence!
IT'S HUNTER'S SUPPLIER.
Good news for you buddy it's already too late it's not going to work
Be prepared for stagflation.