Current Events > CPI Shows 7% Inflation Under Sleepy Joe

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TQQQ
01/12/22 10:19:18 AM
#1:


https://www.cnbc.com/2022/01/12/cpi-december-2021-.html
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NeonCthulhu
01/12/22 10:19:37 AM
#2:


Thanks Obama

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__aCEr__
01/12/22 10:20:33 AM
#3:


This is all Jimmy Carter's fault.

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NeonCthulhu
01/12/22 10:20:57 AM
#4:


Another hole that Clinton fucked

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MutantJohn
01/12/22 10:22:01 AM
#5:


Biden hasn't been in office long enough for this effect to be caused by just him. This is the result of both administrations (Trump & Biden's).

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Alteres
01/12/22 10:22:32 AM
#6:


NeonCthulhu posted...
Another hole that Clinton fucked
I like this one

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Pitlord_Special
01/12/22 10:25:42 AM
#7:


This is good for Bitcoin

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R_Jackal
01/12/22 10:27:13 AM
#8:


MutantJohn posted...
Biden hasn't been in office long enough for this effect to be caused by just him. This is the result of both administrations (Trump & Biden's).
This and the pandemic means the economy has been fucked for a while, they just got accelerated.
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BaronAloha
01/12/22 12:08:07 PM
#9:


dang
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K181
01/12/22 12:12:16 PM
#10:


*world experiences global inflationary trends*

FUCKING CURRENT U.S. PRESIDENT!!!!!1!!111!ONE!

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DirkDiggles
01/12/22 12:18:11 PM
#11:


MutantJohn posted...
Biden hasn't been in office long enough for this effect to be caused by just him. This is the result of both administrations (Trump & Biden's).

No. This is the result of the world shutting down for a while and everybody rushing out of their houses at the same time.

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Mezcla
01/12/22 12:20:35 PM
#12:


i can't believe the economy is tanking after a global pandemic. sorry did i say after? i mean during.


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EmbraceOfDeath
01/12/22 12:22:21 PM
#13:


Meanwhile companies are making record profits while increasing prices and refusing to increase pay.

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Sayoria
01/12/22 12:32:56 PM
#14:


Literally world inflation following a pandemic.

On top of it, people are sick of working for wages that still won't pay for their living expenses anyways, leading to shortages everywhere, leading to inflation. Why work a job for minimum wage and not make ends meet, when you can not be subjected to slave labor and have the same results?

For those reasons, yep. This is happening. And it's expected. The economy is so skewed and sapping poor people so damn badly, many see no reason to work when the result of being poor and not keeping up with rent is the same result no matter what.

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EvalAngell
01/12/22 12:35:08 PM
#15:


Sayoria posted...
The economy is so skewed and sapping poor people so damn badly, many see no reason to work when the result of being poor and not keeping up with rent is the same result no matter what.

being jobless, homeless and living on the streets is the same as paying rent and being middle class? lol wut

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Sayoria
01/12/22 12:38:04 PM
#16:


EvalAngell posted...
being jobless, homeless and living on the streets is the same as paying rent and being middle class? lol wut

Jobless, homeless, and living on the streets aren't people who are leaving their jobs and not returning. It's likely people who live in apartments/not-home-owners who see that they'll likely lose their apartments regardless if they do or don't pay rent.

See that video of the BK worker going viral lately? That's pretty much everyone's situation these days. They don't give a shit about the jobs they have. There's no escape.

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spanky1
01/12/22 12:41:43 PM
#17:


The thing people always forget when talking about the recent shift in workforce is there is currently a massive amount of people retiring. Thats a giant chunk. Its not just young people not wanting to work.

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daynlokki
01/12/22 12:47:26 PM
#18:


TQQQ posted...
https://www.cnbc.com/2022/01/12/cpi-december-2021-.html
Ah yes, the inflation hitting is from Trumps first two stimulus checks.
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RenescoStCewl
01/12/22 1:17:01 PM
#19:


Tc is suspended already lol.

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Irony
01/12/22 1:18:47 PM
#20:


TC is out. Move along

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fohstick
01/12/22 1:19:28 PM
#21:


Trump can't stop winning
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sondast
01/12/22 1:20:20 PM
#22:


How dare Biden not stop this global inflation!
If I was as dumb as the average Trumpet, I would say that the entire world is intentionally fucking up their countries to prevent Biden from getting reelected.

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Giant_Aspirin
01/12/22 1:47:50 PM
#23:


corporate profits account for ~60% of that inflation

https://mattstoller.substack.com/p/corporate-profits-drive-60-of-inflation

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Null_Gain
01/12/22 1:49:59 PM
#24:


User is not currently an active member.

lol

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JuanCarlos1
01/12/22 1:52:19 PM
#25:


Giant_Aspirin posted...
corporate profits account for ~60% of that inflation

https://mattstoller.substack.com/p/corporate-profits-drive-60-of-inflation


This. Part of it shouldve been transitory, but corporate greed wont let it.

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