Steve Breen for June 11, 2021

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    RAGs  about 2 months ago

    That’s just the rich complaining that they may have to pay taxes to support the benefits the accrue.

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    DD Wiz Premium Member about 2 months ago

    Predictions of inflationary doom and gloom are exaggerated. I guess the right word would be “inflated.”

    Yes, prices have jumped over the same time last year.

    But last year we were in a historic downturn because of the Trump economic collapse following his failure to take early, aggressive preventive action that could have managed the pandemic (as was successfully done in other countries that followed the essentials of the Obama pandemic playbook that Trump had thrown out.

    Now, due to President Biden’s rapid success — so far beating most projections on vaccinations and recovery — things are opening up faster than anyone expected.

    People can go back to work.

    People can start buying things and doing things, creating a sudden surge in CONSUMER DEMAND far more rapidly than anyone expected.

    And because supply chains have been idle, and had not anticipated the amazing speed of the Biden success story, companies have not had time to ramp of the production to meet the sudden surge in consumer demand. Rental car companies that sold off unused demand last year are scrambling to replace supply this year. And many other industries are also rushing to catch up with exploding consumer demand that is the first sign of the Biden prosperity we are now entering into.

    There is a TEMPORARY imbalance of supply and demand.

    Businesses are now ramping up. They are hiring. They will be producing.

    As supply catches up with demand, equilibrium will be restored and inflation will be brought back into balance.

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    wellis1947 Premium Member about 2 months ago

    Inflation was 5% for last month: as inflation rates go for an economy just starting up again after a 15 month economic collapse, that’s really not bad – Little Stevie B has mislabeled that creature. Its not “inflation”, it’s the legendary Florida “skunk” ape on his way to visit his dear relative, Donnie John.

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    Patjade Premium Member about 2 months ago

    I wonder how that happened? Could it be that companies had to cut back on production of items that weren’t in demand or were unable to easily be produced during a pandemic, then was suddenly in demand when things open up afterwards? Nah, it couldn’t be!

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    GiantShetlandPony  about 2 months ago

    It was coming with or without Biden. Given history, inflation is always worse under Republicans. Sadly, keeping interest rates incredibly low for a long time is a factor for things playing catch up.

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    librarylady59  about 2 months ago

    Employees don’t know their place anymore. How cheeky to demand a living wage.

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    FrankErnesto  about 2 months ago

    The cost of coffins and funerals has gone up, thanks to Trump, thanks to Republicans, thanks to people like Breen that support them.

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    Bendarling1  about 2 months ago

    And the last time prices dropped to reflect balancing with stuck wages was???

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    The Nodding Head  about 2 months ago

    Color me not worried.

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    Cerabooge  about 2 months ago

    The Fed. The Fed is making those booms, what with spewing trillions of dollars into the pockets of the already super-rich. We’re experiencing the wallpaperization of our currency.

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    buckyteeth  about 2 months ago

    Well, the combination of coming off of the pandemic, printing lots of dollars and a vicious draught cycle in the making….I don’t see prices coming back down.

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    Valiant1943 Premium Member about 2 months ago

    If only common sense followed.

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    gcottay  about 2 months ago

    Yep. The racist right needs a monster.

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    ferddo  about 2 months ago

    Generally, a reviving economy carries inflation with it. GQPs don’t like the economy reviving while Democrats control the White House and Congress – hurts their divisive message…

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    ndblackirish97  about 2 months ago

    Food shortages as a result of COVID. Raw material shortages as a result of COVID and over production. Over inflated stock market as a result of years of stock buybacks. Put it simply, government and business leaders incompetence is always to blame.

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    Zuhlamon Premium Member about 2 months ago

    Waitaminnit… aren’t we supposed to be in the Great Biden Depression? Isn’t that what traitor Muddy’s Dear Leader promised? Isn’t that what Muddy wants because, like a butt-ugly cicada / CHUD crawling outta the ground, it wants to squeak “I tolja so!?”

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    chmsam  about 2 months ago

    Gee, if only the prior 4 years weren’t centered around making the wealthy even wealthier, and ignoring the infrastructure of the nation, and for the last year of the residency been anything except more tending to the egos of the losers Rumpy the Clown & the Insane Posse – instead of containing a pandemic that crippled production, service, and medical industries (because that’s what we got – a medical profit before care industry) – instead of a week by week, “which bills are we gonna pay or put of this time?” lifestyle, we might actually have an economy where more of the 99%-ers could spread some money around while having a smidgen more enjoyment of life. Or at least less economic dread. Because everybody knows the crap storm has nothing to do with a massive deficit, it’s all good ’cuz trickle down economics will save us (just as soon as the Rumplicans stop pissing down our necks).

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    abraxas  about 2 months ago

    Once an excuse is exercised to increase prices, they’ll never come back down. In this way, supply and demand is a myth. There’s just too damned many of us any more.

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