BIG JOE GIVES THE 1%ers / HIGH-ROLLER$ BOTH BARRELS!!!!!!

[Boris Norris]

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Grocery Prices Are Finally FALLING!!!!!
May 15, 2024
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"Food shoppers can finally breathe a slight sigh of relief: After years of increases followed by months of plateau, grocery prices fell last month.

Grocery prices retreated 0.2% from March to April, adjusted for seasonal swings, according to inflation data released Wednesday by the Bureau of Labor Statistics.

In that year-long period, a number of individual items got cheaper: Ham fell 3.4%, cheese dropped 3.3% and fish and seafood, along with potatoes, decreased 2.1%. Coffee prices went down 2%. Milk slipped 1.2%, and rice ticked down 1%.

Two items saw notable drops: Apples, in the wake of a supply glut last year, plunged 12.7%. And eggs, last year the poster child for rising prices, were down 9%, continuing a more recent downward trend."

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And your post is followed by nut job republicans all to willing to thank Biden like the blamed him for the rises.

 

[mark francis]

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.....Then, it's ON TO THE GULF!!!!!
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Food prices are still rising, just not as rapidly as prices rose last year. In the following chart you will see that the last time food prices fell from one month to the next was in 2016 and that price rises under Biden have been massive compared to rises in prices under the last two presidents.

Food Inflation in the United States (1968-2024)

The average price of food in the United States increased 2.2% in the 12 months ended April, which was the same annual increase as in March and February, according to the latest inflation data published May 15, 2024, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). As recently as...

www.usinflationcalculator.com

2008	4.8​	4.5​	4.4​	5.0​	5.0​	5.2​	5.8​	5.9​	6.0​	6.1​	5.9​	5.8​	5.4​
2009	5.2​	4.7​	4.3​	3.3​	2.7​	2.2​	1.1​	0.6​	0.0​	-0.3​	-0.5​	-0.4​	1.9​
2010	-0.2​	-0.1​	0.3​	0.5​	0.7​	0.7​	0.9​	1.0​	1.4​	1.4​	1.5​	1.5​	0.8​
2011	1.8​	2.2​	2.8​	3.1​	3.4​	3.6​	4.0​	4.4​	4.5​	4.5​	4.4​	4.5​	3.6​
2012	4.2​	3.8​	3.2​	3.0​	2.7​	2.7​	2.3​	2.0​	1.6​	1.7​	1.8​	1.8​	2.5​
2013	1.6​	1.6​	1.5​	1.6​	1.4​	1.4​	1.5​	1.4​	1.4​	1.3​	1.2​	1.1​	1.4​
2014	1.1​	1.4​	1.7​	1.8​	2.4​	2.2​	2.4​	2.6​	2.9​	2.9​	3.1​	3.3​	2.3​
2015	3.1​	2.8​	2.3​	1.9​	1.6​	1.7​	1.6​	1.5​	1.6​	1.6​	1.2​	0.8​	1.8​
2016	0.9​	0.9​	0.8​	1.0​	0.7​	0.4​	0.3​	0.1​	-0.2​	-0.3​	-0.3​	-0.1​	0.3​
2017	-0.1​	0.1​	0.5​	0.6​	0.9​	0.9​	1.1​	1.1​	1.2​	1.3​	1.4​	1.6​	0.9​
2018	1.6​	1.4​	1.3​	1.4​	1.2​	1.4​	1.4​	1.4​	1.4​	1.2​	1.4​	1.6​	1.4​
2019	1.6​	2.0​	2.1​	1.8​	2.0​	1.9​	1.8​	1.7​	1.8​	2.1​	2.0​	1.8​	1.9​
2020	1.8​	1.8​	1.9​	3.5​	4.0​	4.5​	4.1​	4.1​	3.9​	3.9​	3.7​	3.9​	3.4​
2021	3.8​	3.6​	3.5​	2.4​	2.2​	2.4​	3.4​	3.7​	4.6​	5.3​	6.1​	6.3​	3.9​
2022	7.0​	7.9​	8.8​	9.4​	10.1​	10.4​	10.9​	11.4​	11.2​	10.9​	10.6​	10.4​	9.9​
2023	10.1​	9.5​	8.5​	7.7​	6.7​	5.7​	4.9​	4.3​	3.7​	3.3​	2.9​	2.7​	5.8​
2024	2.6​	2.2​	2.2​	2.2​	Avail. Jun 12​	​	​	​	​	​	​	​	​

Data Source: U.S. Bureau of Labor Statistics: Food and beverage

 

[Phoenix68]

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U.S. Adds ROBUST 272,000 Jobs In May!!!!!
June 7, 2024
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"America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.

Last month’s sizable job gain suggests that the economy is still growing steadily, propelled by consumer spending on travel, entertainment and other services. U.S. airports, for example, reported near-record traffic over the Memorial Day weekend. A healthy job market typically drives consumer spending, the economy’s principal fuel. Though some recent signs had raised concerns about economic weakness, the May jobs report should help assuage those fears."

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[Phoenix68]

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World Bank:
STRENGTH Of U.S. ECONOMY Will Support Global Growth Of 2.6% This Year!!
June 11, 2024
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"Stronger-than-expected growth in the United States — the world’s biggest economy — accounted for 80% of the World Bank’s upgraded outlook. The agency now expects the U.S. economy to expand 2.5% in 2024, the same as in 2023, but up sharply from the 1.6% the bank had predicted in January."

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[Phoenix68]

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Just-Right Inflation Opens Door To A Goldilocks Economy!!!
July 12, 2024
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"This is the economic sweet spot that Federal Reserve officials have been hoping for."

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[mark francis]

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BIDENOMICS!!!!!
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(aka JOECONOMY)
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View attachment 5032
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Finally! After missing their chances during the administrations of Clinton, Obama, and the first two years of Biden, Democrats may actually be serious this time about raising taxes on rich people like themselves.

 

[Phoenix68]

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JOE GOT THE JOB DONE!!!!!
(...You know....besides pulling us thru Donald Trump's plague.)
July 12, 2024
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"We did it, y’all! Get the Champagne on ice and gather the townsfolk because America hath slain the beast known as inflation.

Last month, for the first time in four years, prices on everyday goods and services actually fell. In other words, this June was the first time since the pandemic started that we paid less for stuff compared with the previous month.

The surprise price decline is seismic news, at least among econ wonks and a narrow strata of reporters who follow this stuff with the fervor of a tween Swiftie."

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[Phoenix68]

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July 14, 2024

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[the annoying thing]

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Biden: "Junk" Health Insurance
July 8, 2023
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“In America, it sounds corny, but fairness is something we kind of expect,” Biden said. “And I don’t know anybody who likes to be viewed as having been played for a sucker.”

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he sure played you lol

 

[Phoenix68]

.....Democrats may actually be serious this time about raising taxes on rich people.

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[Phoenix68]

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Powell Indicates Fed Won't Wait Until Inflation Is Down To 2%
Before Cutting Rates
July 15, 2024
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"Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates
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Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to be hit.

“The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long, because the tightening that you’re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,” Powell said.

Instead, the Fed is looking for “greater confidence” that inflation will return to the 2% level, Powell said."

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Maybe there are some Kindergarten instructors / teachers, here, who could (better) explain this....so even the MAGAT population would understand.
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[Phoenix68]

Finally! After missing their chances during the administrations of Clinton.....Democrats may actually be serious this time about raising taxes on rich people like themselves.

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Gee....you're quite the lil' historian, aren't you??!!!!
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"President Clinton oversaw a healthy economy during his tenure. The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy. These factors helped bring the United States federal budget into surplus from fiscal years 1998 to 2001, the only surplus years since 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001."

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[Phoenix68]

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GDP: The U.S. Economy Is Pulling Off Something HISTORIC!!!!
July 25, 2024
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"The U.S. economy is on the verge of an extremely rare achievement.

Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings. Businesses are continuing to invest and a key gauge of consumer demand has been robust this year.

As the economy continued to expand from April through June, inflation resumed a downward trend, the latest GDP report showed, and seems to be on track to slowing further toward the Federal Reserve’s 2% target."

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[mark francis]

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GDP: The U.S. Economy Is Pulling Off Something HISTORIC!!!!
July 25, 2024
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"The U.S. economy is on the verge of an extremely rare achievement.

Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings. Businesses are continuing to invest and a key gauge of consumer demand has been robust this year.

As the economy continued to expand from April through June, inflation resumed a downward trend, the latest GDP report showed, and seems to be on track to slowing further toward the Federal Reserve’s 2% target."

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Big Joe. What a celebrated leftist hero for enriching the lives of so many leftists while dumping massive inflation and unsustainable government rules and regulations on the ignorant masses the leftists don't feel the slightest sympathy for, referring to them as "basket case deplorables."

 

[Phoenix68]

Big Joe. What a celebrated leftist hero for enriching the lives of so many......

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