Re: From the GOP
Bill Flett <[email protected]> Sun, 30 May 2021 11:33:19 -0700
| Newsgroups | alt.fan.rush-limbaugh,alt.comedy |
|---|---|
| Organization | A noiseless patient Spider |
| Message-ID | <[email protected]> |
On 5/30/2021 11:25 AM, Kurt Nicklas wrote: > On Sun, 30 May 2021 11:18:16 -0700, Bill Flett <[email protected]> > wrote: > >> On 5/30/2021 11:06 AM, David Hartung wrote: >>> On 5/30/21 12:41 PM, Bill Flett wrote: >>>> On 5/30/2021 8:13 AM, David Hartung wrote: >>>>> https://www.gopusa.com/inflation-under-biden-continues-as-prices-went-up-3-6-in-april-data-shows/ >>>>> >>>>> >>>>> [...] >>>>> A rising inflation trend continues as prices rose by 3.6% in April from a >>>>> year ago, reflecting increases in both goods and services, according to data >>>>> released Friday by the Bureau of Economic Analysis. >>>> >>>> This is *not* inflation. >>>> >>>>> >>>>> Prices rose 0.6% in the past month in a key inflation indicator >>>> >>>> These are *real* price increases, not merely monetary. Lots of commodities >>>> are in short supply as spending resumes. >>>> >>>>> The Federal Reserve has said that a rise in inflation will be temporary, with >>>>> prices dropping as the pandemic subsides. The Fed has indicated it is in no >>>>> rush to raise interest rates. >>>> >>>> Exactly. >>>> >>>>> >>>>> After-tax income slid 15.1% in April from the record level in March that had >>>>> been hiked by the billions of dollars in stimulus payments. >>>> >>>> Exactly. So there has not been any fall in long-term income. >>>> >>>>> >>>>> Personal income declined 13.1%, but that was less than the predictions of >>>>> 14%. The government stimulus checks earlier this year had pushed personal >>>>> income up 20.9% in March. >>>>> >>>>> After taxes and other withholdings, disposable personal income dropped 14.6%. >>>> >>>> Because of the end of stimulus payments, *not* because the earned income of >>>> employed people was falling, or because unemployment was rising. >>>> >>>> Keep your stupid fucking mouth shut about economics. You don't know a thing. >>> >>> It appears that degree notwithstanding, you also know little about ecponimics [sic] >> >> About what? What the fuck is "ecponimics"? > > I just conceded defeat again. Yep.