2024 U.S. Presidential election

[OldPhiKap]

It's not draining a swamp. It's having allegiance from all the alligators.

Well-stated as usual.

[burnspbesq]

America is having an "affordibility" crisis. No amount of touting policies or accomplishments is going to fix that.

That supposed crisis is over—the empirical evidence is irrefutable. What America is having is a denial-of-reality crisis.

https://www.nytimes.com/2023/09/19/o...rate-data.html

And ir doesnt help that Jerome Powell is trying his hardest to get Trump elected.

[Mtn.Devil.91.92.01.10.15]

That supposed crisis is over—the empirical evidence is irrefutable.

You underestimate the refutability of our populace.

[OldPhiKap]

That supposed crisis is over—the empirical evidence is irrefutable. What America is having is a denial-of-reality crisis.

https://www.nytimes.com/2023/09/19/o...rate-data.html

And ir doesnt help that Jerome Powell is trying his hardest to get Trump elected.

I’m not sure that Paul Krugman is a neutral Op-Ed author.

While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I don’t think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

Presidents and the economy are like quarterbacks — they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 — and carried through by Obama, Trump, and Biden — to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now that’s Biden.

[FosterCoachK82]

I’m not sure that Paul Krugman is a neutral Op-Ed author.

While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I don’t think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

Presidents and the economy are like quarterbacks — they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 — and carried through by Obama, Trump, and Biden — to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now that’s Biden.

My doctor had told me I need to lose weight. But at my next checkup I had gained a few pounds. I pointed out that normally I would have gained more than that, so I had slowed my rate of inflation. It didn’t go over well.

[Jeffrey]

I’m not sure that Paul Krugman is a neutral Op-Ed author.

While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I don’t think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

Presidents and the economy are like quarterbacks — they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 — and carried through by Obama, Trump, and Biden — to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now that’s Biden.

Wish we had teamed up during our careers. You have a great mind!

Those in power have spent the last 15 years trying to create inflation. It’s shocking how much liquidity and time it took!

Current overall inflation is not out of control. I remember paying $1 minute for long distance, $10k for a gigabit of storage, $200 for a basic calculator, etc. I’m more concerned about the $33 trillion gross federal debt than current inflation.