Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time | CNN Business

12 comments

1. Interest rates aren’t the only tool.

   Government spending is stimulative. Military spending is an excellent place to look for opportunities to reduce inflation.

   Better enforcement of existing anti-trust laws and regulation of captured industries like healthcare could go a long way as well.

2. It seems like it’s all according to plan to get Trump reelected

3. Yeah the Saudis did the same thing to George W Bush as well which is a little odd because the current leader’s father was running the show back then and he was supposed to be friends with W. They were refused lift production even in the summer of 2008 when oil was raging out of control. While the finance housing market was the main cause of the 2007 recession, the skyrocketing gas prices in 2008 are what really triggered the massive job losses.

4. As much as i think Biden is incompetent, i don’t think there’s much the president can do with respect to housing which is a big component of inflation. I will say that a lot of the problems with housing is due to democrats writ large though: Blue cities in blue states refuse to build housing due to all the red tape/regulations/special interests/etc. that make it impossible to build housing. So housing prices go up in blue states, peopel flee places like NY/CA to TX and FL, which do a good job of building housing compared to blue states, but the number of people fleeing blue states is at such a high rate that these red states can’t build fast enough so blue states are exporting housing inflation to red states and everyone suffers. Add in migration from the southern border for additional pain.

5. Throwing _all Americans_ in parens in a headline about Biden and inflation is both poetic and tells you all you need to know about CNN’s reporting priorities….

6. I’m surprised the article wasn’t titled “Americans SLAMMED with massive increase in inflation. Nobody knows how to survive now!!!,” when in fact, inflation ticked up 0.1% higher than anticipated. Barely a rounding error.

7. This sub has no idea what is actually happening.

   Holy shit lol

8. It’s his own fault due to his reckless spending. Getting the credit card statement isn’t “bad news”, it’s the consequences of your actions.

9. Buy gold people. This does not end well if the fed is unwilling to increase rates to a point where businesses fail, government spending cuts are forced, etc. You’re going to see your net worth destroyed by inflation.

10. Funny thing…PPI inflation is under control. It only rose 0.2% in March which is less than expected. Total PPI inflation is at about 2.1% over the past year. So, producers aren’t paying more to make stuff but somehow people are having to pay more to buy stuff.

11. At the worst time? As if applying there is a better time…

12. But *GOOD* news for the billionaires and corporations, am I right?! Silly us, out here just trying to survive and not be in poverty.