19th straight month of real wage declines

How about this, Charles?  Maybe you can try not contradiciting yourself over the course of one thread.

You started out this thread complaing about how people dont have enough income compared to historical metrics....but your also saying people have way too much income resulting from Joe Biden's irresponsible COVID checks  and  thats  whats causing inflation.   Do people have too much or too little income?

Le us know what corner of your mouth wins that debate and get back to us.

Yeah right.  Just because other countries managed to control their inflation and we didn't I should move there?  I'll give you a hint.  Japan didn't control their inflation by locking people down.  Did you happen to predict our 40 year record inflation like Summers and Furman?  I only point to them because they are big Democrats.  If the truth be know, most every monetarist economist predicted this...not just those two.  But the Administration wanted at big splash....and they got a big dump instead. 

Like Kevin, I doubt you'll ever admit it until it really impacts you personally.  You probably think it's still 'Transitory', right?  I'm pretty sure that if Trump had been re-elected and we experienced the exact same decline in real wages you'd have your panties in such a wad that they'd be pulling them out of your mouth. 

Japan has a shrinking population with no immigration.....so yeah, inflation is hard to come by.  And so is GDP growth.    You want to trade our economy for Japan's?  Holy shit - thats a whole other bag of ridiculous.

I've alreadty posted the articles that warned of inlfation going back to the first round of COVID checks from Trump ....the ones you didnt give a shit about.    Suddenly on Jan 6th you got religion on money supply - and pretended we would have been better off starving  1/3 of the country instead of sending them checks.    I cant help you wiht that.  More importantly - the rest of AMerica doesnt take you seriously, either - hence the election results.

And Republicans dont take you seriously either hence their big agenda of Hunter Biden's laptop instead of anything regarding the economy.    

They self selected themselves through aggressive gerrymandering, so Americans didn't choose them to run anything.

That aside they held a press conference today to talk about their agenda and literally said they don't want to talk about anything but Hunter Biden's laptop. Since all Republicans including the ones here talked about in the months leading up to the election was inflation, it seems kind of odd to not actually work on inflation. Oh, they did list their second proritory and guess what?  It wasn't inflation. It seems they think the January 6th insurrectionists aren't being pampered enough in jail.

It's a good thing Republicans have the House so they can spend the next two years reminding American voters what they care about. That will set up the Democrats nicely for 2024.

Japan and China can't be legitimately compared to the US, Canada, Western Europe, etc. China has a strictly government-controlled economy--so perhaps I should have said "free-market economies." Japan has a literally insular economy, with strong trade protectionism, an aging workforce, almost zero immigration, and import and export quotas and controls. So, it's an outlier. Very small GDP growth.

Charles "schooled" me by cherry-picking data? And then he finally mentioned Western Europe's higher inflation than ours, but hand-waved it away by saying that their governments are "imitating" the US and therefore, the US is also responsible for inflation there? Oh yeah, I feel sooooo "schooled." Charles doesn't know how to make a cogent argument.

Nope. NO Americans chose "Republicans to take over the House"--unless they were doing the standard RepubliQ election fraud thing. Nobody got to vote for more than one House candidate (again, unless their ballot was RepubliQ-fraudulent). People voted for the candidates they wanted, not because they were following the grand RepubliQ agenda of complete control of the government.

Lowered drug prices benefit most the people who have trouble paying for them. DUHHHHHH. And the delay in implementation, Charlie boy, was successfully negotiated for by your buddies--Big Pharma, which wields a mighty stick on Capitol Hill. Many RepubliQ legislators were persuaded to withdraw active opposition to the bill by those yummy, juicy checks the pharma lobbyists promised (though they still didn't vote for it, of course).

The Democrats are trying to do good, in the face of fierce and formidable RepubliQ opposition. Don't talk out of your mouth and ass at the same time, Charles, simultaneously claiming that the Democrats aren't doing enough and whining that they're doing anything at all.

I was amazed that nobody called them out on their bitch bitch bitch about inflation but not come up with any concrete solutions shtick. Of course, there's a reason for that--there's very little we can actually do to combat inflation, because as I keep reminding our idiot asshole conservitards, it's a GLOBAL problem.

It turns out that handing trillions to giant corporations isn't sound fiscal policy after all. THAT is a much more profound driver of inflation than anything the Biden administration has done.

I'm sorry your reading comprehension hasn't improved.  Where did I complain that people  'don't have enough income'?  I simply quoted the Dallas Federal Reserve that showed a decline over the last year in REAL wages. The worst in 25 years.  Real wages are wages that account for inflation.  This equates to a declining standard of living.  If we had Trump or Obama or Bush's inflation rate, real wages would have increased without any change to income.  So I'm complaining about Joe's inflation.  Duh.  There is no contradiction there....except in your own mind that can't seem to distinguish between income and real wages.

Now as to me claiming 'people have way too much income resulting from Joe Biden's irresponsible COVID checks, I never said that either.  389 Billion Dollars was send back to citizens in Joe's American Rescue Plan.  Awesome but unnecessary and only a fraction of the amount spent!  For the mathmatically challenged, the ARP was 1.9 trillion dollars.  The Infrastructure Act cost 1.2 trillion and the incorrectly named 'Inflation Reduction Act' cost 740 billion.  Silly me.  I'm more concerned about the extra 3.4 trillion pumping into the economy, not the measly 389 billion.

The fact is in March of 2021 we had a shortfall in aggragate demand of 50 billion dollars a month.  So Uncle Joe pumped in an extra $150 billion a month and then doubled down on it.  THAT'S what's irresponsible.  And if that was all, it would be bad enough.  Add to it the Binden war on Fossil Fuel that made you climate change cultists cream your pants, while doubling the cost of oil and it's a prescription for disaster.  Like the worst American real wage cut in 25 years.

Bidens Covid checks went out in March of 2021.  They were $1400.  

Inflation could cost your family an extra $11,500 this year (wdbj7.com)

What a deal.

   Once again --The American Rescue Plan in all it's glory.....