Value Buy
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Post by Value Buy on Nov 11, 2021 7:28:58 GMT -5
With the October inflation rate coming in at 6.2% month over last October. It is now known as Bidenflation. It is even higher than that in a few sections of the country. The Atlanta district covering several states is 6.9% Another district broke 7% The Fed wanted 2% inflation last spring and summer and said the country could handle it. They got it now. Job well done........... Not. And now President Biden is telling Americans the supply change is hard to understand for Americans. No, it is not. Second graders with an allowance understand they cannot get as much with the money as they did two months ago Now for the big question, and you will remember this one. Are you better off now than a year ago?
Yep, do not have to ask four years ago either. Wages up about four percent, inflation up 6.2%. do the math.
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ken a.k.a OMK
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Post by ken a.k.a OMK on Nov 11, 2021 8:13:51 GMT -5
Absolutely. I'm not afraid of an incompetent president doing any more damage with our allies or spreading more hate at home (ok he still is the leader of hate). Most indexes are up and my portfolio is up 25% even with taking out RMD's.
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Value Buy
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Post by Value Buy on Nov 11, 2021 8:30:50 GMT -5
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buystoys
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Post by buystoys on Nov 11, 2021 8:36:55 GMT -5
I think this board tends to be professional middle/upper middle class. It's people who work from home more, so don't have the pain at the pump that those who are barely making it will see. I've seen some comments about grocery price increases, but not anyone stating that they can't afford groceries. (I do see that on other forums I frequent.) Many of us on this board are somewhat shielded from the pains inflation can/does/will cause due to larger discretionary incomes and investments. If you have investments, the last few years have been great!
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Nov 11, 2021 8:44:01 GMT -5
Apples and oranges. I'm not a wage earner so those figures don't affect my current good financial situation.
Afghanistan fiasco blame can go on many people including trump. Bottom line is we are out. Someone had to do it and there is never an easy way. Look at many years of or false hopes and missed evaluation by our military.
Border? Give me a plan that would work. No president has come up with one yet. trump failed at that too. Inappropriately take military housing funds and build a wall, oh that Mexico will pay for.
Now let's talk about trump's disregard for laws and our Constitution. He continues to foster a lawless culture to only praise him. He says he knows more then experts on any subject and follows his gut. Not someone I'd follow.
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pulmonarymd
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Post by pulmonarymd on Nov 11, 2021 9:06:09 GMT -5
Since conservatives seem to be taking their medical advice from Tucker Carlson, Joe Rogan, and other right wing talk show hosts, I think the supply chain is too difficult for them to understand.
And yes, I am significantly better off than last year. My fear of contracting a potentially fatal disease while I do my job is significantly lower. And we no longer have a president suggesting that people ingest bleach and stick light bulbs up their ass.
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tallguy
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Post by tallguy on Nov 11, 2021 10:09:11 GMT -5
As soon as I saw the thread title I knew who had created it. I also knew what a massive FAIL it would be. Not wrong on either count.
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Opti
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Post by Opti on Nov 11, 2021 10:32:20 GMT -5
The pandemic was going to be a disrupter of business and economies. No surprise there. Online orders grew because of the lockdowns which are now over and people's concerns of shopping during a pandemic. The ports are handling far more goods than they were in 2019. Of course there will be problems. I'm not a RW sheeple(or a fake fantasy lion). There is inflation and various impacts in our economy. To expect different, is to be pretend we are in a normal situation. We are not. www.bing.com/search?q=amazon+sales+2020+vs+2019&form=ANNTH1&refig=aea8ffb944484e56bc622e2f84c13d0b&sp=4&qs=AS&pq=amazon+sales+202&sk=PRES1AS3&sc=5-16&cvid=aea8ffb944484e56bc622e2f84c13d0bFor the fiscal year, ending Dec. 31, 2020, Amazon reported: Net sales of $386.06 billion, a 37.6% increase from $280.52 billion in 2019. Net product sales—revenue from merchandise Amazon owned and sold to consumers—of $215.92 billion, up 34.6% from $160.41 billion in 2019.
Amazon revenue for the quarter ending June 30, 2021 was $113.080B, a 27.18% increase year-over-year.
Amazon revenue for the twelve months ending June 30, 2021 was $443.298B, a 37.76% increase year-over-year.
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Nov 11, 2021 11:01:51 GMT -5
I'd like to know how Trump would have done better. We are in a once in a lifetime pandemic anyone who thought that it wasn't going to disrupt our lives on a history making level was and is an idiot. I don't think any sitting president would be able to pull us out of this in six months. This is one of those things where only time is going to heal. Unfortunately we live in an instant gratification society that things our presidents should be kings (especially after we had one that acted like it) and fix it with a wave of his magic hands. Trump turned everything he touched into shit. I'll give him tiny amounts of credit for things like getting out of the way of vaccine development and signing funding for it. HOWEVER when it comes to his actual managing of the country nope. We are way better off without him and his cronies. He was sending us down in flames in regards to the pandemic. He had a fucking HANDBOOK that outlined exactly how to slow down/possibly prevent the situation we are in now but he threw it out the window since a black man came up with it. Once Trump did that we were on the highway to hell. All that is left is damage control. He couldn't even do that. He was too busy staging a coup on the Capitol. Now if the Republican party would stop sucking his dick we could actually get shit done. THEY are the ones refusing to vote for anything and following the same path they did with Obama. Congress holds the power to change things and improve things a lot more than the president does. Instead they are making Tik Tok videos at prisons and sending out violent badly done anime videos to get attention from their followers.
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busymom
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Post by busymom on Nov 11, 2021 11:03:18 GMT -5
Frankly, I'm a fan of the current administration. (Not the type of fan who would, for example, wear a red hat, or wait in bad weather to catch a glimpse of the president, but I approve of what he's attempting to accomplish.) For example, we're FINALLY dealing with our crumbling infrastructure, as this cartoon reminds us:
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Opti
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Post by Opti on Nov 11, 2021 11:50:38 GMT -5
Doesn't the extremism and lies ever get old? We always have border patrols. We have not had an open border the entire time I've been alive, yet its a RW trope that the border magically becomes fully open just because a President from the Dem party gets elected. Reattempt rates at the border have almost doubled since 2019. www.cbp.gov/newsroom/national-media-release/cbp-releases-august-2021-operational-updateCBP Enforcement Numbers for August 2021 The large number of expulsions during the pandemic has contributed to a larger-than-usual number of migrants making multiple border crossing attempts, which means that total encounters somewhat overstate the number of unique individuals arriving at the border.
The number of unique encounters in August 2021 was 156,641.
In total, there were 208,887 encounters along the Southwest Border, a 2 percent drop compared to July. Of those, 25 percent involved individuals who had at least one prior encounter in the previous 12 months, compared to an average one-year re-encounter rate of 14 percent for Fiscal Years 2014-2019.
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thyme4change
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Post by thyme4change on Nov 11, 2021 11:55:07 GMT -5
With the October inflation rate coming in at 6.2% month over last October. It is now known as Bidenflation. It is even higher than that in a few sections of the country. The Atlanta district covering several states is 6.9% Another district broke 7% The Fed wanted 2% inflation last spring and summer and said the country could handle it. They got it now. Job well done........... Not. And now President Biden is telling Americans the supply change is hard to understand for Americans. No, it is not. Second graders with an allowance understand they cannot get as much with the money as they did two months ago Now for the big question, and you will remember this one. Are you better off now than a year ago? Yep, do not have to ask four years ago either. Wages up about four percent, inflation up 6.2%. do the math. Help me understand... What things are the Biden administration doing that are contributing to the supply chain problems? What policies would you like to see enacted to fix the supply chain? Please make sure you connect how Biden can fix the issues in China. Has Congress (either party, either chamber) proposed anything that we should be supporting that would improve the problems?
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Tennesseer
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Post by Tennesseer on Nov 11, 2021 12:22:06 GMT -5
With the October inflation rate coming in at 6.2% month over last October. It is now known as Bidenflation. It is even higher than that in a few sections of the country. The Atlanta district covering several states is 6.9% Another district broke 7% The Fed wanted 2% inflation last spring and summer and said the country could handle it. They got it now. Job well done........... Not. And now President Biden is telling Americans the supply change is hard to understand for Americans. No, it is not. Second graders with an allowance understand they cannot get as much with the money as they did two months ago Now for the big question, and you will remember this one. Are you better off now than a year ago? Yep, do not have to ask four years ago either. Wages up about four percent, inflation up 6.2%. do the math. January 6th Bomb
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Opti
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Post by Opti on Nov 11, 2021 12:29:16 GMT -5
Since conservatives seem to be taking their medical advice from Tucker Carlson, Joe Rogan, and other right wing talk show hosts, I think the supply chain is too difficult for them to understand. And yes, I am significantly better off than last year. My fear of contracting a potentially fatal disease while I do my job is significantly lower. And we no longer have a president suggesting that people ingest bleach and stick light bulbs up their ass. Agreed.
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Lizard Queen
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Post by Lizard Queen on Nov 11, 2021 15:17:25 GMT -5
I'm not sure how the blame can be assigned to Biden when this path was chosen/the money was spent long before he had any power. I see the fed as partly to blame, but also probably a partner in trying in inflate our way out of the debt. What did Trump's tax cut for the rich do to the debt again? I can't remember. Increased it a lot, though.
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dondub
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Post by dondub on Nov 11, 2021 17:00:09 GMT -5
I still see this as just a supply and demand issue. In 2020 people layed low. They weren’t out buying tons of stuff. We finally get a reasonable handle on the Covid and here come the shoppers. Demand exceeds supply everywhere. The chip shortage has filtered all the way down to impacting used car prices. The supply chain snafu has goods on the water creating scarcity of like goods on land. This too shall pass.
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Tiny
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Post by Tiny on Nov 11, 2021 17:36:37 GMT -5
Meh. So, the wealthy have finally been effected by inflation - so NOW it's a problem. Just MEH.
Shrinkflation happened at the grocery stores all thru trump's term in office - and few people complained - except the people who noticed they were getting less for the same amount of money. I was annoyed and pissed about it...my grocery expense went up.
So far, I haven't really felt much from "grocery store" inflation - I cut back or found alternatives back when shrinkflation was driving up my grocery bill.
I had heard a friend wail about how the cost of a product she uses went up $1.00 - doesn't matter that the price had been climbing yearly by a $1.00 or more each year since before the pandemic (I stopped using the product a couple of years ago because the size would shrink and the the price would creep up...)
Over the last 6 years Utilities raised their "delivery charges" and "fees" and everything they could except the cost of what they were supplying. And no one said a peep... except the people who noticed they were paying more to keep their water, lights, and heat going.
I had a friend actually WAIL about their natural gas bill being so expensive. I asked if they knew what they paid last year for this bill period? I asked if they new what they paid LAST month-- and they had no idea... but boy o boy - this month's bill is thru the roof!! (natural gas prices always go up every fall. the current price per therm is a couple cents more than the price at this time of the year. Because I used LESS gas than last year - my current bill was LESS than the same time frame last year. OMG!!! The price of natural gas is gonna break my bank!!! Yeah, no. Don't get me started on my Electric bill - the cost of electricity didn't go up - but 2017 thru 2018 - boy o boy did the charges and fees and taxes go up - and no one said a word. ) I can keep going - but I won't.
Yes, there is inflation. Is it the end of the world? Not for me. I am not changing my investment style or my future plans.
(OMG! I see turkey is on sale for Thanksgiving at .39 cents a pound (if you spend an additional $50) at my local grocery.... THAT's cheaper than 2017, 2018, and 2019 (the last times I had to buy a turkey). )
Biden isn't the cause of the current uptick in inflation.
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Tiny
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Post by Tiny on Nov 11, 2021 17:40:34 GMT -5
I know the .20 cent rise in gas for one's car is gonna drive people to the pour house.... 15,000 miles per year divided by say 20 mpg (they don't have a very fuel efficient vehicle) is 750 gallons of gas per year - that's 62 gallons per month - the extra $12.40 in fuel costs per month - is truly going to break the bank for the wealthy. It just makes money tighter for the not wealthy.
I'm not saying there isn't inflation - there is... I just don't get all the wailing and gnashing of teeth.
Unless you need to buy a house or a car or want to take a vacation... then you really are seeing some scary increases in costs...
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weltschmerz
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Post by weltschmerz on Nov 11, 2021 17:48:06 GMT -5
With the October inflation rate coming in at 6.2% month over last October. It is now known as Bidenflation. It is even higher than that in a few sections of the country. The Atlanta district covering several states is 6.9% Another district broke 7% The Fed wanted 2% inflation last spring and summer and said the country could handle it. They got it now. Job well done........... Not. And now President Biden is telling Americans the supply change is hard to understand for Americans. No, it is not. Second graders with an allowance understand they cannot get as much with the money as they did two months ago Now for the big question, and you will remember this one. Are you better off now than a year ago? Yep, do not have to ask four years ago either. Wages up about four percent, inflation up 6.2%. do the math. Everything has gone up in Canada, due to supply chain issues and lack of workers. Must be Biden's fault. Costs are soaring in Europe, as well. Must be Biden's fault.
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Deleted
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Post by Deleted on Nov 11, 2021 18:19:46 GMT -5
I know the .20 cent rise in gas for one's car is gonna drive people to the pour house.... 15,000 miles per year divided by say 20 mpg (they don't have a very fuel efficient vehicle) is 750 gallons of gas per year - that's 62 gallons per month - the extra $12.40 in fuel costs per month - is truly going to break the bank for the wealthy. It just makes money tighter for the not wealthy. I'm not saying there isn't inflation - there is... I just don't get all the wailing and gnashing of teeth. Unless you need to buy a house or a car or want to take a vacation... then you really are seeing some scary increases in costs... Well, I AM whining about the fact that it cost almost $50 to fill my Jeep Wrangler up the other day. Before gas prices got so high, it was already a big deal to me that a full tank of gas only gets me back and forth with work for 4 days. So the increased costs of gas is an even bigger deal now. BUT I am blessed in that the Wrangler is not the only way I can get to work. I have a car I can drive that doesn’t burn nearly as much gas. And if push came to shove, I can ride into the city for work with Mister, and share the gas costs with him if he let me. I don’t do that now, because that would cause him to get to work a little earlier than he has to be there, and I would have to wait an hour or so for him to get off work so we could go home. One hour after my shift ends is a looong time, even if I do OT and continue working for that hour. But that 1 hour of OT is also more than enough to fill my Wrangler or my car with gas. For the last 20+ years, I always felt like I could buy another house if I wanted to. The current market, I don’t feel like I can buy one where I’d feel halfway comfortable living, so that’s really bad. We would like to buy a pickup truck but they are way too expensive right now. My Wrangler is a 2010 and my car is a 2003. I still love my car and won’t replace it until it costs too much to keep it running. Whatever “too much” is, that I haven’t pinned down yet. Probably if/when either the engine or transmission dies on me. As much as I love traveling, I was ok with not going anywhere last year, and I’m ok with not going anywhere this year. It’s a real want for me, but still not a need. But inflation is definitely a thing this year. My COLA increase this fall was almost $1/hr because of inflation. And IIRC, food and gas increases aren’t even included in those calculations. I may not remember correctly, so please don’t fight me if I’m wrong. I feel like I’m blessed, so I don’t knock people who wail about inflation. The only way the inflation we’ve seen so far has affected me, was to make me feel like I should drive my car more often, vs driving the Wrangler. For some people, the same inflation made them have to make more difficult decisions and choices. I’m not going to try to pretend that those people don’t exist.
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Tiny
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Post by Tiny on Nov 11, 2021 18:32:59 GMT -5
Yes. I am better off than I was last year - my investments grew quite a bit. I kept my job. My tenants paid rent on time. I didn't have any large unexpected and unplanned expenses (no emergencies).
Some of my expenses went up - namely property taxes and house insurances... but I had been hearing rumblings of the big increases for 2021 in 3rd quarter 2020 and took that into consideration when making my 2021 spending plans. I was about $500 over total budget for property taxes and insurances on 3 properties. I counting that a win! considering how "unknown" my expenses would be.
On the plus side the equity I have inthe 3 properties SKYROCKETED!!
I haven't gotten Covid 19 yet (even though I spent a good amount of time with someone who was visibly sick - Go Vaccine!!). None of my relatives or friends who did get Covid19 had bad outcomes. The majority were mildly sick - the minority were in bed for 3 to 5 days and then slogged thru a 4 to 6 week recovery period.
I'm glad nearly all of the people i know have gotten vaccinated.
I am better off than I was last year - even with the new inflation woes and worries.
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Tiny
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Post by Tiny on Nov 11, 2021 18:56:06 GMT -5
I tend to not knock people about inflation (right out of the gate). I know it's a real thing (remember my comments about the every growing utility bills over the last handful of years - even though the actual price of the energy itself didn't go up ). I know basic household expenses have been going up for quite a while - which makes it hard to get ahead in life if one's income doesn't increase to keep up the increases in "basic" expenses. But, I admit, I get salty when someone in my real life gets all "oh woe is me" when they have plenty of money but have suddenly decided to look at the cost of something and see that it is more than they expected or give in to FOMO and whine along with everyone else because it's the thing to do. Valuebuy's OP used words and phrases my "in real life people" use - right before they they talk about how they bought their dog little rain booties and a raincoat or how they just had to have a new thingamabob that everyone else has! And why haven't I bought a Kitchen Widget? It slices/dices/makes coffee and they have one and it's soooo wonderful... and on and on. So, yeah, they are totally feeling the pinch of inflation that they are complaining about. On the flip side there's my BFF who hasn't worked in years and is supported by her family members. A lot of small inflationary increases eat into what she can and cannot purchase. And add to the stress of "getting by". She has every right to whine about the pinch of inflation. (she has a complicated situation) it effects her quality of living.
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Post by Deleted on Nov 11, 2021 19:30:14 GMT -5
I tend to not knock people about inflation (right out of the gate). I know it's a real thing (remember my comments about the every growing utility bills over the last handful of years - even though the actual price of the energy itself didn't go up ). I know basic household expenses have been going up for quite a while - which makes it hard to get ahead in life if one's income doesn't increase to keep up the increases in "basic" expenses. But, I admit, I get salty when someone in my real life gets all "oh woe is me" when they have plenty of money but have suddenly decided to look at the cost of something and see that it is more than they expected or give in to FOMO and whine along with everyone else because it's the thing to do. Valuebuy's OP used words and phrases my "in real life people" use - right before they they talk about how they bought their dog little rain booties and a raincoat or how they just had to have a new thingamabob that everyone else has! And why haven't I bought a Kitchen Widget? It slices/dices/makes coffee and they have one and it's soooo wonderful... and on and on. So, yeah, they are totally feeling the pinch of inflation that they are complaining about. On the flip side there's my BFF who hasn't worked in years and is supported by her family members. A lot of small inflationary increases eat into what she can and cannot purchase. And add to the stress of "getting by". She has every right to whine about the pinch of inflation. (she has a complicated situation) it effects her quality of living. Ok, so maybe my low tolerance for stupidity limits conversations I might have IRL with people. Some things said on these boards recently caused me to really think about what I called poverty. That was IRT talking about my Grandmother. I feel like Mister and I are definitely considered middle class with our combined incomes. I’m at least lower middle class with my base salary that is less than Mister’s. I’m a convert to the YM way of thinking, so my first question would be why your BBF is supported by family members. It’s my understanding that members of our society that are unable to work, can receive financial support through Social Security benefits. Is the issue that that financial support is not enough?
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Tennesseer
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Post by Tennesseer on Nov 11, 2021 20:33:08 GMT -5
If Biden is responsible for the inflation, then Trump is responsible for 780,775 American deaths from the Covid virus. The number dead to date is from valuebuy's own thread and source of the number dead. We all know inflation does not drop down to zero once a president's term in office ends. Interactive map of the USA reporting Coronavirus casestrump's grim handling and horiible medical advice to Americans killed hundreds of thousands of Americans and continues to kill thousands. Seems to me the needless deaths of over 700,000 Americans is far worse than inflation. Trump should be held accountable.
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Value Buy
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Post by Value Buy on Nov 11, 2021 22:05:33 GMT -5
If Biden is responsible for the inflation, then Trump is responsible for 780,775 American deaths from the Covid virus. The number dead to date is from valuebuy's own thread and source of the number dead. We all know inflation does not drop down to zero once a president's term in office ends. Interactive map of the USA reporting Coronavirus casestrump's grim handling and horiible medical advice to Americans killed hundreds of thousands of Americans and continues to kill thousands. Seems to me the needless deaths of over 700,000 Americans is far worse than inflation. Trump should be held accountable. For the record Biden's time in office has had more deaths than Trump's 13 months January to January. Have to remember they think the virus was here much ealier than originally thought.
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Value Buy
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Post by Value Buy on Nov 11, 2021 22:07:46 GMT -5
Absolutely. I'm not afraid of an incompetent president doing any more damage with our allies or spreading more hate at home (ok he still is the leader of hate). Most indexes are up and my portfolio is up 25% even with taking out RMD's. Yes you are retired. How about the milions of citizens who were sent home for a year without earned income or worked reduce hours for various reasons? How about senior citizens living on a small SS check with no IRA or pension to supplement their income?
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Value Buy
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Post by Value Buy on Nov 11, 2021 22:10:05 GMT -5
I know the .20 cent rise in gas for one's car is gonna drive people to the pour house.... 15,000 miles per year divided by say 20 mpg (they don't have a very fuel efficient vehicle) is 750 gallons of gas per year - that's 62 gallons per month - the extra $12.40 in fuel costs per month - is truly going to break the bank for the wealthy. It just makes money tighter for the not wealthy. I'm not saying there isn't inflation - there is... I just don't get all the wailing and gnashing of teeth. Unless you need to buy a house or a car or want to take a vacation... then you really are seeing some scary increases in costs... FYI, The pour house is a bar
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billisonboard
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Post by billisonboard on Nov 11, 2021 22:17:49 GMT -5
If Biden is responsible for the inflation, then Trump is responsible for 780,775 American deaths from the Covid virus. The number dead to date is from valuebuy's own thread and source of the number dead. We all know inflation does not drop down to zero once a president's term in office ends. Interactive map of the USA reporting Coronavirus casestrump's grim handling and horiible medical advice to Americans killed hundreds of thousands of Americans and continues to kill thousands. Seems to me the needless deaths of over 700,000 Americans is far worse than inflation. Trump should be held accountable. For the record Biden's time in office has had more deaths than Trump's 13 months January to January. Have to remember they think the virus was here much ealier than originally thought. Not sure any of us here are so unsophisticated in our thinking to not understand that is meaningless.
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pulmonarymd
Junior Associate
Joined: Feb 12, 2020 17:40:54 GMT -5
Posts: 8,060
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Post by pulmonarymd on Nov 11, 2021 22:18:36 GMT -5
If Biden is responsible for the inflation, then Trump is responsible for 780,775 American deaths from the Covid virus. The number dead to date is from valuebuy's own thread and source of the number dead. We all know inflation does not drop down to zero once a president's term in office ends. Interactive map of the USA reporting Coronavirus casestrump's grim handling and horiible medical advice to Americans killed hundreds of thousands of Americans and continues to kill thousands. Seems to me the needless deaths of over 700,000 Americans is far worse than inflation. Trump should be held accountable. For the record Biden's time in office has had more deaths than Trump's 13 months January to January. Have to remember they think the virus was here much ealier than originally thought. It doesn’t work that way. Trump screwed up the initial response. No way to undo that. The trajectory of the pandemic is on trump. FYI, since the wide availability of the vaccines(around 6/1), about 150,000 people have died. Almost all were unvaccinated. Since the vaccine is about 90% effective, over 135k people died unnecessarily. It isn’t Biden who has been putting up roadblocks to vaccine mandates and it isn’t Democrats who are being idiots. Right wing media has been spreading disinformation about the vaccine. It isn’t Biden’s fault. Nice try ETA: nice conservative math. Biden has been president for 10 months. Unless you think Biden should have been calling the shots since last November. But, as I recall, trump refused to concede, and delayed work in the transition. So, how exactly was Biden responsible since November? Trump tried to overthrow the election on January 6, remember
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Tennesseer
Member Emeritus
Joined: Dec 20, 2010 21:58:42 GMT -5
Posts: 64,924
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Post by Tennesseer on Nov 11, 2021 22:22:05 GMT -5
If Biden is responsible for the inflation, then Trump is responsible for 780,775 American deaths from the Covid virus. The number dead to date is from valuebuy's own thread and source of the number dead. We all know inflation does not drop down to zero once a president's term in office ends. Interactive map of the USA reporting Coronavirus casestrump's grim handling and horiible medical advice to Americans killed hundreds of thousands of Americans and continues to kill thousands. Seems to me the needless deaths of over 700,000 Americans is far worse than inflation. Trump should be held accountable. For the record Biden's time in office has had more deaths than Trump's 13 months January to January. Have to remember they think the virus was here much ealier than originally thought. Reading comprehension problem I see. Not surprising.
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