The shutdowns are over . . . but a record portion of Americans say they are worse off now, than when Biden took office

Politics
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Also, credit card debt is up as people are trying to pay for basic needs by borrowing.

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Yup

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And that is only part of the story

https://money.usnews.com/money/retirement/401ks/articles/401k-hardship-withdrawals-hit-record-high

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All by design.

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I just heard a J’Biden “advisor” by the name of Mitch Lander? Claim: “the state of the union is strong” and “Joe Biden created 12.5 million jobs in two years” and “there are 10,000 infrastructure projects planned funded by the bi-partisan Bill”!
Obviously a preview of Ol Folksy Joe’s hopes, lies and bull ■■■■ speech before Congress tonight. But, where and what are these millions of jobs and these thousands of “projects”?
I get the billions of dollars of taxpayers money being spent, like Covid relief, a good percentage of it will be lost to waste, fraud and abuse.
Joey’s speech or blabber? There will be no mention of the open southern border, 5 million illegal invaders, the ChiCom fentanyl killing efforts, a crime explosion, or the recent ChiCom spy balloon that floated across America that was only made public when citizens in Montana reported it to NORAD.
Any bets?

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Are groceries and fuel included in inflation numbers?

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Hear! Hear!

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It’s kinda like sex. Just reading about it is not the same.

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Key Takeaways. Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.

Core Inflation Definition.

How convenient.

Why do I always feel like the government is a con artist?

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More like the mafia

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Core inflation is a truly unfortunate name.

But it is

  • the prices that go up last (because, like rent and phone bills they are locked-in to annual contracts,
    and
  • the prices that don’t go back down again later.

IOW they are “different” but the word “core” is a very unfortunate choice.

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Don’t forget that cutting the legs off of the fossil fuel industry aided in that.

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I’m not bandying terms. Inflation is inflation. If they aren’t including groceries and gas, they’re blowing smoke.

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Which one is Brandon going to tout tonight, gas and groceries or no?

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Fair enough.
I was just bored and felt like mansplaining why core inflation and inflation are different.

There are worse terms in economics, Like

  • “consumer confidence” (the inverse of the savings rate)
  • 'quantitative easing" (printing money)

It’s not quite Orwellian newspeak, but ummm it is definitely stuff written by the PR department.

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If government was run as intended chances are we would not be where we are now. But with the con artists, flim flam bamboozlers, and self enriching liars and thieves that get themselves elected beholden to their special interests?
Here we are.

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Correction. J’Biden will mention the ChiCom spy balloon. He’ll cozy to the microphone and do the creepy whisper thing: “we shot it down”
Then all the Dimbulbcrats will stand, applaud and Joey will move on to the next tall tale.

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Absolutely!

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Probably neither. Probably lie through his teeth and tell us how Great Everything is.

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