June inflation 9.1%

[MinnesotaFats]

Absolutely insane

Gambling income for everyone gotta be getting scarce

This Administration's policies are so fukking ass backwards, my 44oz gas station fountain Diet Coke, which was $1.16 forever, is now $2.49.

FML

 

[lemartinsports]

its actually sickening dude.

 

[lemartinsports]

real question, how long you think until things potentially go back to "normal"?

 

[Wagerallsports]

real question, how long you think until things potentially go back to "normal"?

Not sure they ever will

Maybe a little bit, if a republican gets elected next term, but I doubt things ever go back to how they once were

Millions & millions of companies aren't going to simultaneously just lower their rates again and put themselves at risk financially, without knowing & trusting 100% guaranteed that their vendors, counterparts, partners, competitors, are going to do the same

 

[gobucks]

The saying goes that prices rise like a rocket and then fall back down like a feather.

 

[Wagerallsports]

The saying goes that prices rise like a rocket and then fall back down like a feather.

Exactly

And that's just what they're doing with the gas right now

It goes way up then they drop it a few cents and everyone gets excited saying oh gas is going back down but the the rises in price far exceed the decreases

But there's so many dumb people out there who are easily manipulated

 

[Tanko]

I can say Biden administration has not helped things. But, it was mainly caused by the money handed out during Covid and the massive demand for materials/services during covid recovery lead to this inflation. I also think there is a little corporate greed taking place. They see this as an "excused" opportunity to raise prices and can say they are just keeping up with inflation, even though they are the ones causing it.

Also, there is inflation all over the world. It's actually worse in England and other countries. I don't think we can blame Biden Administration for all of the inflation issues we are seeing. If it was mainly a US issue, then OK we could.

 

[lemartinsports]

Not sure they ever will

Maybe a little bit, if a republican gets elected next term, but I doubt things ever go back to how they once were

Millions & millions of companies aren't going to simultaneously just lower their rates again and put themselves at risk financially, without knowing & trusting 100% guaranteed that their vendors, counterparts, partners, competitors, are going to do the same

makes total sense.

the other day when i filled up for gas, the gas station had a deal 4.60/g if you buy a carwash. no car wash and it was 5.15/g. absurd.

 

[lemartinsports]

I can say Biden administration has not helped things. But, it was mainly caused by the money handed out during Covid and the massive demand for materials/services during covid recovery lead to this inflation. I also think there is a little corporate greed taking place. They see this as an "excused" opportunity to raise prices and can say they are just keeping up with inflation, even though they are the ones causing it.

Also, there is inflation all over the world. It's actually worse in England and other countries. I don't think we can blame Biden Administration for all of the inflation issues we are seeing. If it was mainly a US issue, then OK we could.

yes it's defintiely a world wide thing. i was talking to one of my friends in cr and there's inflation there as well. maybe not like here in the states, but it's a lot for them.

 

[MinnesotaFats]

real question, how long you think until things potentially go back to "normal"?

Never will

You'll see what's called 'stagflation' for about 20 years...it's what happened in Japan in the 90s - 2010s

If you're in your 20s -40s today, congrats- you're the 1st generation of Americans who will be less affluent than your parents.

Biden has bankrupted the Country, and you will pay for it. That $1.9Trillion was 109% of our GDP. It's why Trump didn't do it when he had the Senate. Biden/ Schumer BANKRUPTED the Country in an economic downturn.

Until workforce participation increases, we are finished as a Country of growth. Assets will stabilize in value, but there will be no wealth accumulated.

 

[Wagerallsports]

I can say Biden administration has not helped things. But, it was mainly caused by the money handed out during Covid and the massive demand for materials/services during covid recovery lead to this inflation. I also think there is a little corporate greed taking place. They see this as an "excused" opportunity to raise prices and can say they are just keeping up with inflation, even though they are the ones causing it.

Also, there is inflation all over the world. It's actually worse in England and other countries. I don't think we can blame Biden Administration for all of the inflation issues we are seeing. If it was mainly a US issue, then OK we could.

It actually started shortly after he and his administration pushed for and passed the $15 minimum wage thing

It was a no-brainer as soon as that was put into effect which happened even sooner here in Florida because the voters passed it, that employers would have to start jacking their prices up on everything

And from there it's been a domino effect

Every single thing that has to do with the outrageous inflation is because of the Biden administration

*Day one he shut down the gas pipeline
*He pushed for minimum wage to go up ridiculously
*He gave away trillions and trillions of dollars during covid and continues to do so to other countries and lazy losers here
*He continues to make the gas situation worse

 

[uscphillyguy]

The saying goes that prices rise like a rocket and then fall back down like a feather.

Bucker! Good seeing you brother

 

[lemartinsports]

It actually started shortly after he and his administration pushed for and passed the $15 minimum wage thing

It was a no-brainer as soon as that was put into effect which happened even sooner here in Florida because the voters passed it, that employers would have to start jacking their prices up on everything

And from there it's been a domino effect

Every single thing that has to do with the outrageous inflation is because of the Biden administration

*Day one he shut down the gas pipeline
*He pushed for minimum wage to go up ridiculously
*He gave away trillions and trillions of dollars during covid and continues to do so to other countries and lazy losers here
*He continues to make the gas situation worse

dude everything in florida is ridiculously expensive. it is not the same state anymore. between the market, the amount of people, and inflation, it's not as enjoyable to live here anymore

 

[MinnesotaFats]

dude everything in florida is ridiculously expensive. it is not the same state anymore. between the market, the amount of people, and inflation, it's not as enjoyable to live here anymore

The people is why I left FL

You see this story from my side?

Cape Coral man jailed after alleged text threatening mass shooting

Police said the text message allegedly sent by Ira Dennis Crosser detailed his intent to “make Texas and Highland Park” look like “child’s play.”

www.news-press.com

 

[Gary]

Over 82 million voted for this.

 

[Tanko]

*Day one he shut down the gas pipeline

He has done things to exacerbate the problem but this one is not on him.
The Supreme court killed it in Jul of 2020, while Trump was in office. Biden had nothing to do with it.

Couple of other points on this one: The oil that was to be sent through this pipeline was to be shipped overseas (not processed in US). The pipeline was installed to move oil to the Gulf Coast for export. So it would only have helped Americans by potentially increasing worldwide supplies. It was also 4-5 years from being complete with construction when it was killed in 2020.

*He pushed for minimum wage to go up ridiculously
*He gave away trillions and trillions of dollars during covid and continues to do so to other countries and lazy losers here
*He continues to make the gas situation worse

I agree with the min wage and Covid $ Causing problems but how he is making the gasoline situation worse is debateable. The US is expected to set a record for Crude Oil production early next year (13MM bbl/day). That and the closing of 8 refineries since the pandemic is limiting gasoline supplies. Almost 1.2MM bbls/day of crude oil processing was taken off line permanently in the last 2 years due to storm damage to losing money. BTW, another 260M bbl/day is coming off line permanently in Spring 2023.

Factbox: Which U.S. refineries have shut since the global pandemic, and why?

Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity:

www.reuters.com

I'm not a Biden supporter. Just setting the record straight.

 

[Franklee168]

I support no one but appreciate getting updates here on what's going on in the USA. Glad to see the sharps go beyond gambling.

 

[lemartinsports]

The people is why I left FL

You see this story from my side?

Cape Coral man jailed after alleged text threatening mass shooting

Police said the text message allegedly sent by Ira Dennis Crosser detailed his intent to “make Texas and Highland Park” look like “child’s play.”

www.news-press.com

jesus christ. i dont understand people these days. i dont blame you for leaving because of the people. there's just too many people down here now. i drive home late from work around 10pm and i95 is packed with cars

 

[Tanko]

jesus christ. i dont understand people these days. i dont blame you for leaving because of the people. there's just too many people down here now. i drive home late from work around 10pm and i95 is packed with cars

Wow. At 10 PM?
That must be a loooooonggggg rush hour to go that late.

 

[biggins]

You guys seem to not realize inflation is a global problem there is no magic wand. Stimulates checks weren’t given out globally. Oil is also a global commodity and as Tanko pointed out big oil closed down refineries when we were sheltered in place for obvious reasons. Everything is political these days and we all seem to hate each other since 2016 but oh well l’m just living in my own private Idaho party on Garth.