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Drudge Retort: The Other Side of the News
Thursday, May 09, 2024

Newsweek talks to experts who say the Biden economy is doing well, much better than other Western economies.

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"The combination of economic indicators is confusing even for economists who spend all their time looking at these numbers," Stephan Weiler, a professor of economics at Colorado State University, told Newsweek.

"This is just a very unusual combination of fiscal monetary and global circumstances, and that uncertainty is translating into pessimism."

According to John Van Reenen, Ronald Coase Chair in Economics and School Professor at the London School of Economics (LSE) in London and Digital Fellow, Initiative for the Digital Economy at the Massachusetts Institute for Technology (MIT), part of the unhappiness with the U.S. economy is also a "hangover" from the rise of inflation which followed the pandemic.

"Prices are coming down but that increase is still fresh in people's memories," he told Newsweek.

"Governments all over the world are being punished for that bad experience, and I think that's part of what's happening in the U.S.," Van Reened added.

"It's ironic, because, compared to other advanced countries, the U.S. is doing fantastically well in terms of growth."

#1 | Posted by Corky at 2024-05-08 11:18 AM | Reply

If they're listening to Faux "News", they're being lied to.

#2 | Posted by LegallyYourDead at 2024-05-08 02:33 PM | Reply

I guess it all depends if you think people using credit card for living expenses and third of Americans having maxed out cards is a sign of anything.

This is the age of debt abuse. Governmental and personal run away borrowing.

Spending money you haven't earned yet.

Or someone else will work to pay for you.

Otherwise things are hunky dory.

#3 | Posted by BillJohnson at 2024-05-08 03:10 PM | Reply

You have any actual facts to back up your ridiculous assertions? Of course not.

#4 | Posted by LegallyYourDead at 2024-05-08 03:15 PM | Reply

Ok...time for the liberals to chime in and say its their fault and no one forced them to borrow money.

I put most of the blame on lending institutions for giving credit cards to people just so they can charge what should be called usury interest rates.

#5 | Posted by BillJohnson at 2024-05-08 03:16 PM | Reply

Legal,

Huh?

You serious you don't know this?

#6 | Posted by BillJohnson at 2024-05-08 03:20 PM | Reply

So much for Republicans being the Party of Personal Responsibility. Guess that's gone the same way as them being the Party of Family Values.

The driving factor being that race is no longer the most important indicator in voting.... education is. And the lower one's education, the more likely they are to not only be less informed, but to also vote Republican.

.

"Education now transcends race as the best predictor of voting," he told us. "People are increasingly choosing to live around others who share their values and beliefs, which has led to a homogenization of how communities vote."

Sosnik says Trump " who won in 2016 by carrying Midwest battlegrounds with large percentages of voters without a college degree " was a massive beneficiary of this great sort.

"Trump got in front of this line that had been forming for 15 years," Sosnik told us.

"This realignment around education, with Republicans picking up working-class voters, first surfaced in the 1992 election:

Pat Buchanan challenged President George H.W. Bush for the Republican nomination, and Ross Perot's third-party candidacy got nearly 20 million votes."

www.axios.com

#7 | Posted by Corky at 2024-05-08 03:28 PM | Reply

You serious you don't know this?
#6 | POSTED BY BILLJOHNSON

Still waiting for actual evidence, chucklefuq.

#8 | Posted by LegallyYourDead at 2024-05-08 03:36 PM | Reply

I guess it all depends if you think people using credit card for living expenses and third of Americans having maxed out cards is a sign of anything.

Neither of those are in and of themselves abnormal. Higher numbers of people doing so might be a problem.

I think contraction of luxury goods/services spending is probably more an indicator. People tightening their financial belts might not show up on credit cards as people make room for increased costs by spending less on luxury purchases.

#9 | Posted by jpw at 2024-05-08 03:38 PM | Reply

9

And housing starts and sales. I see houses still high in price but the inventory is getting larger....at least where I'm looking at it.

When that inventory starts to get too big......prices will drop and then rates will drop.

#10 | Posted by eberly at 2024-05-08 03:40 PM | Reply

Ok...time for the liberals to chime in and say its their fault and no one forced them to borrow money.
I put most of the blame on lending institutions for giving credit cards to people just so they can charge what should be called usury interest rates.
POSTED BY BILLJOHNSON AT 2024-05-08 03:16 PM | REPLY

There you go again. Blaming liberals. Many people have to borrow money in order to live. It's how they survive in this world.

#11 | Posted by LauraMohr at 2024-05-08 03:56 PM | Reply

Jpw,

"Higher numbers of people doing so might be a problem"

That's what I mean. More people are using debt for living expenses and not simply to get big ticket items they can afford.

Debt is being abused on a larger scale

Bottomline....our economy has been propped up by debt for decades and increasing at a higher rate.

That trend will have a catastrophic affect at some point.

Basic math.

#12 | Posted by BillJohnson at 2024-05-08 03:58 PM | Reply

Laura,

I'm not blaming liberals. I shouldn't have said that. I most blame lenders.

#13 | Posted by BillJohnson at 2024-05-08 04:00 PM | Reply

Jpw,

The higher we are, the further we have to fall.

And the greedy f...ers will insulate themselves like they're already doing.

#14 | Posted by BillJohnson at 2024-05-08 04:03 PM | Reply

"I think contraction of luxury goods/services spending is probably more an indicator."

That's already happening, sort of. When you're poor, McDonald's and Starbucks and KFC are luxury items. All missed their earnings targets for Q1. www.cnbc.com

It's funny because for years Millennials have been told they can afford a home if they just dial back the Starbucks. Then it happens and they still can't afford a home.

#15 | Posted by snoofy at 2024-05-08 04:10 PM | Reply

Wealth distribution trickled upward since the pandemic. Price gouging + layoffs = record profits and CEO bonuses

#16 | Posted by hamburglar at 2024-05-08 05:01 PM | Reply | Newsworthy 2

Inflation is a regressive tax, intended to punish saving and encourage spending and investment - which only benefits the upper class.

When inflation gets out of control, as it has the last few years, that effect becomes even more pronounced. The economy looks great, for the ones it's intended to look great for, and the broken state of end-stage capitalism becomes that much more obvious to the majority left hurting.

And the trouble is, while I'm economically hard left, the way the Biden administration is handling the economy is to spend like they're also left wing, though with no common sense, yet feeding to the worst aspects of capitalism. Trillions going to the donor class, the military industrial complex, and the rest, further inflating the economy and devaluing the dollar, to the detriment of the lower, working, and middle classes.

I'd say the real answer is someone actually left wing - someone who won't blast billions into the economy just forgiving student debt for those already with college degrees and higher incomes already, but who will nationalize higher education just like k-12, invest in the future, and expand opportunity to all, for instance. Someone who will do away with the bastard child of a Heritage Foundation plan that became "Obamacare" and bring us single payer, like a civilized nation. Etc.

But at this rate, it'll probably just bring us Trump 2.0 and accelerate the end of the USA having a middle class.

#17 | Posted by zeropointnrg at 2024-05-08 07:20 PM | Reply | Newsworthy 1

Well, I just replaced my refrigerator with a similar model and paid $600 less than 2011.

#18 | Posted by Nixon at 2024-05-09 07:01 AM | Reply

Still waiting for actual evidence, chucklefuq.

#8 | POSTED BY LEGALLYYOURDEAD

Don't except actual evidence from Bill. It's just like his posts about voter fraud. The rapist that BJ worships said it so it so it must be true.

#19 | Posted by johnny_hotsauce at 2024-05-09 09:11 AM | Reply

Some things are cheaper.
Namely electronics.
Big Screen TV's, laptops,
tablet computers, etc...

It's a Golden Age for cheap electronics.

Then there is food.
NOT a Golden Age for food.

But as I've said to 1000 Republicans out here
in WV, the POTUS doesn't set prices, corporations do.
Not that anyone is listening out here in WV. One of
the main reasons I want to get out of the state upon
retirement. Beautiful state. Ugly people...

Basically MAGA central.

#20 | Posted by earthmuse at 2024-05-09 10:21 AM | Reply

John,

I've never posted about voter fraud exactly.

Mostly the higher risk of irregularities and human error and yes...vote harvesting.

Higher margin of error with something as important as Presidential election where we have one chance to get it right.

I was posting about the potential problems a month before the election and from what I've read, what I thought could happen did.

#21 | Posted by BillJohnson at 2024-05-09 11:46 AM | Reply | Funny: 1

I've never posted about voter fraud exactly.
Mostly the higher risk of irregularities and human error and yes...vote harvesting.
Higher margin of error with something as important as Presidential election where we have one chance to get it right.
I was posting about the potential problems a month before the election and from what I've read, what I thought could happen did.

POSTED BY BILLJOHNSON AT 2024-05-09 11:46 AM | REPLY

Bearing false witness again I see. Not surprisingly.

#22 | Posted by LauraMohr at 2024-05-09 12:11 PM | Reply

What all the media, trying to favor this or that candidate with favorable news can't hide, is that customers in the grocery store are seeing just how expensive things are to buy. Say what you will, but when looking at what you bought for $100 and remembering back what that same $100 bought a few years ago, isn't about what's coming according to news outlets; it's about the today, here and now.

What has happened is there is much less trust in the government offices over the continual stretching of data to announce good tidings. Simply, they don't match what is being seen on main street by average Joe and family.

#23 | Posted by BBQ at 2024-05-09 02:13 PM | Reply | Newsworthy 1

The people are not 'buying' what the 'dem experts' claim as they just look at their higher utility bills, car insurances, fuel costs, food prices, etc. Too many are hurting fiscally to believe that BS!

Of course dems her will agree with the experts as none of what I cited above apply to them, RIGHT???

#24 | Posted by MSgt at 2024-05-09 02:17 PM | Reply

Msgt,

I read food stamps went up 12.5% in 2024.

It's a fact that food stamps drive up the cost of food for those who have to work for everything.

Nothing against getting food stamps if you need it. I've gotten them and was grateful to feed my family.

However if anyone is getting food stamps and then saying faux news is lying about the higher prices and the economy, I think they should STFU.

#25 | Posted by BillJohnson at 2024-05-09 03:40 PM | Reply

I read food stamps went up 12.5% in 2024.

It's a fact that food stamps drive up the cost of food for those who have to work for everything.

Food stamp benefits to those eligible INCREASED a maximum $31 per recipient per month to make up for inflation, which works out to the 12.5% you mention. However, that increase was based on multiple years of inflationary growth, not just one.

Food stamps have ZERO influence on the price of food unless one believes that allowing American families to purchase food for sustenance with money provided through their governments is inflationary in and of itself. I'd like to see precisely how you justify such an idiotic statement with anything that supports your asinine assertion.

A sane person might believe that feeding the hungry is a proper role of government especially since each and every living person inside the USA pays taxes as a matter of their existence due to the wide variety of taxation which is omnipresent.

#26 | Posted by tonyroma at 2024-05-09 03:54 PM | Reply | Newsworthy 1

It's great for those who are well vested. Screw the working class, renters, young parents though.

#27 | Posted by DMTDust at 2024-05-09 03:56 PM | Reply

Bitcoin used to cost a dollar and now it costs sixty thousand dollars.

Thanks Obama.

On a serious note, RECORD PROFITS go hand in hand with RECORD INFLATION.

And on another serious note, inflation is great if you're holding long term debt because it makes it cheaper. That's why, when economies fail, you'll see hyper-inflation before deflation. Because deflation is worse for the rich, and Capitalism is designed to make the rich get richer.

#28 | Posted by snoofy at 2024-05-09 04:05 PM | Reply

Tony,

You missed my point.

I defended getting them.

They get automatic increases that only drives costs all the more.

That's Economics 101.

But don't claim it's a lie that the Biden economy sucks.

#29 | Posted by BillJohnson at 2024-05-09 04:12 PM | Reply

- the Biden economy sucks.

What a great argument to the facts and figures in the article... color me impresses!

#30 | Posted by Corky at 2024-05-09 04:25 PM | Reply

s=d

#31 | Posted by Corky at 2024-05-09 04:26 PM | Reply

They get automatic increases that only drives costs all the more.

How Bill? You don't understand inflation at all. SNAP doesn't drive food inflation. Stop being an idiot.

Again, explain how you believe that SNAP drives inflation or don't bother responding. Whenever you're asked to defend a position you've taken, you never give a substantive answer.

Lack of supply accompanied by outsized demand drives inflation along with increased production/distribution costs. There is far enough food to feed every mouth in America. We pay farmers tax money NOT to grow food and the government buys up commodity overstocks and warehouses them.

The inflation we've experienced has been based on two main combo factors: Supply chain disruptions and accompanying cost increases - including wage hikes - passed along to consumers, and companies raising prices/shrinking product sizes beyond said cost increases for their own profiteering.

If you disagree, then respond with counterfactuals and data to support such an argument, or stop and try to learn what you seemly don't understand.

#32 | Posted by tonyroma at 2024-05-09 04:30 PM | Reply

...seemingly...

#33 | Posted by tonyroma at 2024-05-09 04:31 PM | Reply

Credit card debt keeps breaking new records while savings continues to plummet.

At the end of 2023, the average credit card debt per borrower was $6,360, or about 10% higher than the year before"ushering in an all-time high.[1]
www.forbes.com

Capitalism is designed to make the rich get richer.
#28 | POSTED BY SNOOFY

It seems to make everyone richer.

Just look at the world poverty rate as capitalism is adopted around the globe.

You're just made most US citizens got screwed in the process.

The issue is the US government elites sold the bottom half of Americans out to accomplish this.

But kept the money printing machine going in high gear, mass immigration , exporting most of its inflation, making citizens feel a little richer. But now the flesh must be paid.

It had to be done don't you know, the good of the many out weigh the good of the few.

#34 | Posted by oneironaut at 2024-05-09 04:43 PM | Reply

Tony,

You talk like you think I believe SNAP is the only driving force behind rising food prices?

#35 | Posted by BillJohnson at 2024-05-09 04:47 PM | Reply

You talk like you think I believe SNAP is the only driving force behind rising food prices?

Did I write or imply that? Of course not Bill. Just admit that you cannot substantiate your absurd claim and let's call this finished.

Explain how SNAP recipients themselves are drivers of inflation, not it's ONLY driver. SNAP allows recipients to ostensibly purchase food because they have limited resources to do so on their own. How is this inflationary? You act as though these people aren't already accounted for in the food chain. They do not consume food that would have gone to others now willing to pay more for what they can't find to purchase.

You have no connective between SNAP and inflation.

#36 | Posted by tonyroma at 2024-05-09 05:05 PM | Reply

Tony,

It's an accepted fact that free money programs can drive inflation.

To what extent is debated. Like you pointed out it's not just demand but also supply.

However back to my original post.

It's not people getting SNAP that offends me.

I directed my post towards people who get SNAP and then claim conservative news sources are misleading people into thinking food prices are a problem.

Especially if you get your food for free and say the Biden economy is fine

#37 | Posted by BillJohnson at 2024-05-09 05:22 PM | Reply

It's an accepted fact that free money programs can drive inflation.

SNAP is not a "free money" program. It's taxpayers supporting other taxpayers who don't have enough food to eat due to their lack of income. SNAP does not create additional demand in and of itself. The food is there in abundance already. SNAP just allows needy taxpayers to acquire what they otherwise can't afford due to the other expenses they have to pay that aren't subsidized by the government.

It is not inflationary.

There are millions less people receiving SNAP today than 4 years ago, so yes, the Biden economy is far better for most Americans today than the Trump economy was 4 years ago. Don't you remember the unprecedented long lines at food banks filled with people who'd never had to seek help getting food before?

Hunger remains a festering problem in America that only one party wants to confront. Biden and Congress provided funding for children to receive additional food benefits during this summer's break to assist struggling parents, yet multiple GOP governors won't allow children in their states to receive these benefits even though it costs the states themselves zero.

I'd rather see subsidies to fossil fuel producers cut before worrying about any effects of SNAP while corporations left and right are raking in record profits.

#38 | Posted by tonyroma at 2024-05-09 05:41 PM | Reply

It's an accepted fact that free money programs can drive inflation.

Nothing drives inflation more than trillion dollar tax cuts for the wealthiest Americans.

No one uses mote welfare than America's wealthiest.

No one expends as many resources as America's wealthiest.

Poor people are vilified by America's wealthiest in order to keep America's stupidest, angry at the poor.

#39 | Posted by ClownShack at 2024-05-09 05:46 PM | Reply

- the Biden economy sucks.

What a great argument to the facts and figures in the article... color me impresses!

#30 | Posted by Corky at 2024-05-09 04:25 PM | Reply | Flag:

OK, lets have a look.
FTA
"experts told Newsweek that the U.S. economy is doing relatively well, especially when compared to most other Western economies"
Compared to others? Americans don't give a ---- about comparisons. The average family knows they're being flushed by the endless spending causing inflation. Not to mention that that Brandon's new budget (with tax changes) is out, and while it may not look bad for some, a lot of others are taking note of the new tax rates that will kill businesses and put a family in a trickbag with the inheritance tax. Tax on market investment changes? People retired or about to retire that vote for this ass clown need their heads examined.

And then there's this:
"The negative outlook on the economy that many Americans hold is likely linked to the fact that the economic picture is objectively complicated and hard to understand right now"
Complicated? --------. The CPU doesn't include food and energy in the voodoo numbers. That's where the "complicated and hard to understand" part is coming from. This administration is pissing on American's legs and trying to convince them it's raining. Lies and more lies. Just like his recent interview on CNN where he tried to convince Americans that inflation was 9% when he was elected and he's worked hard to bring it down. Nothing about inflation has come down - at all, and people are about to show Biden that all the DEI in the world isn't worth their household tanking.

#40 | Posted by lfthndthrds at 2024-05-09 05:52 PM | Reply

And just to be clear Bill, every living American needs to eat daily or they'll die. Feeding all Americans is already baked into the pipeline. Even when people do not have money themselves for food and seek it elsewhere, ultimately someone has to pay for the food they receive either through charity donations or SNAP. Others purchase food and then donate it or companies make bulk donations to food distribution groups and organizations who then take tax credits for doing so, allowing them to keep more of their revenues for profit.

Regardless, taxpayers often foot the bill one way or another, but none of the above methods pushes significant inflation.

#41 | Posted by tonyroma at 2024-05-09 05:53 PM | Reply

Americans don't give a ---- about comparisons.

You're absolutely right. So Americans expect their own personal condition to be better than that of every other person on planet Earth, and if it isn't, the President is to blame: The logic of morons.

The US is a part of the global economy just like every other nation. When it exceeds every other country's economic conditions, that is not a failure, it's an achievement. Certain negative economic factors cannot be controlled by political whims any more than the weather can be controlled.

And nothing that the GOP has stated as their economic policy should they control government will make the current conditions any better. NEWSFLASH: Corporations do NOT need tax breaks and higher profits unless pushing inflation further into the stratosphere is your end goal.

#42 | Posted by tonyroma at 2024-05-09 06:02 PM | Reply

"The average family knows they're being flushed by the endless spending causing inflation."

It's not "government spending" that explains why practically all the gains in household income go to the top 20% of households.

#43 | Posted by snoofy at 2024-05-09 06:14 PM | Reply | Funny: 1

I try to listen to or watch Fox and other "conservative" media. But according to the Blather-heads on those media, the economy's in the tank, food and gas inflation's over 50%, dark people from all over the world age taking other people's jobs, and Russia & China & Iran are going to create a new currency based on gold that's about to tank the dollar, the pound, and the euro next year if Trump doesn't get elected. Trump supporters swear the economy's horrible and was never better than when Trump was in the White House.

But the economists are saying inflation was highest in 40 yrs under Trump; Employment participation lower than ever under Trump; and the national budget deficit doared after Trump's tax cuts for the wealthiest and for LLCs and private equity fund managers.

Isn't this confusing? Trump supporters and MTG think the numbers are wrong. They believe whatever Trump and Fox tells them to believe.

#44 | Posted by Augustine at 2024-05-09 06:14 PM | Reply

I try to listen to or watch Fox and other "conservative" media. But according to the Blather-heads on those media, the economy's in the tank, food and gas inflation's over 50%, dark people from all over the world are taking other people's jobs, and Russia & China & Iran are going to create a new currency based on gold that's about to tank the dollar, the pound, and the euro next year if Trump doesn't get elected. Trump supporters swear the economy's horrible and was never better than when Trump was in the White House.

But the economists are saying inflation is now at a 150 year average was the highest in 40 yrs under Trump; Employment participation lower than ever under Trump; and the national budget deficit soared after Trump's tax cuts for the wealthiest and for LLCs and private equity fund managers.

Is this confusing? Trump supporters and MTG think the economists numbers are wrong. They believe whatever Trump and Fox tells them to believe.

Hail Putin. AllhHail the orange-haired "Stable Genius".

#45 | Posted by Augustine at 2024-05-09 06:23 PM | Reply

Aug,

You had to exaggerate Fox's claims to pretend you have a valid point?

At least you're on the right site for such crap.

#46 | Posted by BillJohnson at 2024-05-09 06:50 PM | Reply

LFT just can't wait until Trump gets into Office again to give more Deficit Spending Tax Cuts slanted to himself and his billionaire friends.

"Now, analysis in 2018 found that the cuts would boost the economy, but the effect would fizzle out quickly. And the price tag would be huge. The bill is expected to add nearly $2 trillion to the deficit by 2028.

Many of the household tax reforms included in the bill expire in 2025, meaning that whoever wins the election will have the opportunity to either fight to extend the legislation or let it lapse.

Trump has shown interest in making his tax rules permanent. Biden would likely preserve some of the tax cuts, namely those benefitting households making less than $400,000 a year.

The cuts have the largest benefits for the wealthy and for small business owners, but there are also provisions that benefit middle-income Americans like the increased standard deduction and Child Tax Credit.

An important effect of extending the 2017 tax cuts is that it's estimated to cost an extra $3.8 trillion over the next decade. Without significantly cutting services, the federal debt would balloon to 211% of GDP by 2054, compared to about 100% of GDP right now.

Trump has actually pledged to make even more tax cuts " if that happens, obviously the deficit would grow even faster and the debt would be even larger.

Biden's proposed alternatives include several programs to lower taxes for those making under $400,000 a year while also raising taxes on corporations and wealthier Americans. Efforts to target corporations include raising the corporate tax rate to 28%, increasing enforcement of tax avoidance by multinationals, and quadrupling the stock buyback tax.

His plan would also affect the highest-earning Americans, including a 25% minimum income tax on billionaires. All together, Biden's policies would raise about $5 trillion in revenue by 2034.

While there is some overlap between the two candidate's goals, the long-term effects on the federal debt and deficits couldn't be more different."

www.brookings.edu

#47 | Posted by Corky at 2024-05-09 07:21 PM | Reply

Corky,

"Biden would likely preserve some of the tax cuts, namely those benefitting households making less than $400,000 a year."

link...link...link..link...link....link....link....

Did I say...link...link...

Don't forget...link...link...link...

#48 | Posted by BillJohnson at 2024-05-09 07:42 PM | Reply

The link is in 47... have you been sniffing Ballot envelope glue again?

Also here:

"In addition, the President's Budget explains his principles for addressing tax cuts expiring after 2025. The President would extend all middle-class tax cuts; as he has repeatedly promised, he will not raise taxes on anyone making less than $400,000 per year.

And he will fully pay for these extensions with additional reforms to make the wealthy and corporations pay their fair share, so that they do not add to the debt.

At the same time, he opposes tax cuts for the wealthy"either extending tax cuts for the top 2 percent of Americans earning more than $400,000 per year or bringing back deductions and other tax breaks for these households."

www.whitehouse.gov

Also here:

www.factcheck.org

#49 | Posted by Corky at 2024-05-09 07:56 PM | Reply

Not since Fauci has an "expert" been more wrong

#50 | Posted by THEBULL at 2024-05-09 08:29 PM | Reply

Corky,

You think he'll stick to it?

I mean..thankfully politicians don't lie to get elected.

#51 | Posted by BillJohnson at 2024-05-09 08:52 PM | Reply

Sure he will... it's Dem economic policy 101.

And he's done basically the same thing since he was elected.

#52 | Posted by Corky at 2024-05-09 09:32 PM | Reply

#42 | Posted by tonyroma at 2024-05-09 06:02 PM | Reply | Flag

What does any of that have to do with the blatant lies about the shape of the economy?

When you're in a hole, stop digging. Most Americans know this. Yet we continue to spend like money is free and endless. We're sponsoring wars and immigration that we can't afford. People see this. People feel this in their wallet.

Good luck in November shilling for this clown.

#53 | Posted by lfthndthrds at 2024-05-09 10:00 PM | Reply | Funny: 1

Remember the good old days under fat smelvis?

A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%

www.cnbc.com

#54 | Posted by reinheitsgebot at 2024-05-09 10:00 PM | Reply | Newsworthy 1

LFT just can't wait until Trump gets into Office again to give more Deficit Spending Tax Cuts slanted to himself and his billionaire friends.

#47 | Posted by Corky at 2024-05-09 07:21 PM | Reply | Flag

This has less to do with Trump than the shape of our economy, the lies and the refusal to reel in spending. But you cant have a real conversation without point the finger at someone else. But to be clear, I'd take what I had over this garbage any day.

www.brookings.edu - LMAO

#55 | Posted by lfthndthrds at 2024-05-09 10:03 PM | Reply

Um... Trump has promised to double down on Tax Cuts for the Rich.

SO when you vote for the scummy lying criminal traitor, you'll be voting for MADGA.... Making the Deficit Great Again.

btw... Don't miss out on the thread about him selling you out to Big Oil for a billion dollars cash.

#56 | Posted by Corky at 2024-05-09 10:14 PM | Reply

"When you're in a hole, stop digging. Most Americans know this. Yet we continue to spend like money is free and endless."

When wealth is created, and the government taxes it, is the money free?

Capital gains taxes for example. Isn't that free money for the government?

#57 | Posted by snoofy at 2024-05-09 10:25 PM | Reply

"When you're in a hole, stop digging. Most Americans know this. Yet we continue to spend like money is free and endless. We're sponsoring wars and immigration that we can't afford. People see this. People feel this in their wallet."

They will feel it even more if Trump gets elected, because Trump and the GOP plan to cut social security and Medicare and a bunch of other programs that help ordinary people all so they can extend their tax cuts to the wealthy and increase the deficit in the process:

Permanently Extending the Trump Tax Cuts Would Cost $4 Trillion Over the Next Decade

Permanently extending the Trump tax cuts would cost $400 billion per year and give the largest tax cut to extremely rich households.

www.americanprogress.org

Winning!

#58 | Posted by Gal_Tuesday at 2024-05-09 10:32 PM | Reply

Has anyone checked with the DR MAGAt regiment?

They're sure America is failing.

Not only failing. But worse off than the rest of the world.

This is what you get when you live in a rural bubble and only get news from talk hate AM radio.

#59 | Posted by ClownShack at 2024-05-09 10:49 PM | Reply

I read food stamps went up 12.5% in 2024.
#25 | POSTED BY BILLJOHNSON

What's your source for that? Because according to the USDA, SNAP spending is expected to decline about $19B (about 15%) during 2024 due to falling cost per participant and a decline in total participants.

Also, you support a rapist for President.

#60 | Posted by johnny_hotsauce at 2024-05-10 12:15 AM | Reply | Newsworthy 2

John,

www.usatoday.com

#61 | Posted by BillJohnson at 2024-05-10 08:49 AM | Reply

You know people are being crushed by inflation and gas prices when these articles come out to tell everybody how great they're doing.

#62 | Posted by sitzkrieg at 2024-05-10 08:50 AM | Reply

#42 ... so you're okay then with "our ship is sinking slower than other's ships"?

#63 | Posted by kwrx25 at 2024-05-10 08:54 AM | Reply

#42 ... so you're okay then with "our ship is sinking slower than other's ships"?

#63 | POSTED BY KWRX25

My ship has never done better. I wonder what choices you've made with your life?

#64 | Posted by Zed at 2024-05-10 08:57 AM | Reply

63 | POSTED BY KWRX25

I'm sorry. That used to be a conservative "thing", to ask complainers if maybe they personally are failures. That's all changed with MAGA, where no one fails who believes in Lord Trump.

#65 | Posted by Zed at 2024-05-10 09:01 AM | Reply

"our ship is sinking slower than other's ships"?

What Pollyanna-ish BS. No one's ship is sinking anywhere. If you consider this economy as "sinking" then what was the one Trump stewarded 4 years ago, sunken beyond repair?

Funny thing, we elect a competent President with advisors who actually know what they're doing and we've rebounded far faster and broader than any other economy. And it's getting ridiculous for morons like you to keep ignoring that corporate record profits are the biggest driver of inflation meaning that our economy is hardly "sinking." Do we face ongoing challenges? Absolutely. And not a single Trump policy is designed to deal with ANY of them and would only exacerbate what you're complaining about right now.

#66 | Posted by tonyroma at 2024-05-10 09:04 AM | Reply | Newsworthy 1

Government fiscal policy is the biggest driver of inflation. The desperate attempt to never take responsibility for bipartisan unsustainable spending that's stuck the economy with high interest rates the government won't put into inflation calculations makes it worse while trying to make it seem like it's not.

#67 | Posted by sitzkrieg at 2024-05-10 09:12 AM | Reply

crushed by....gas prices

#62 | POSTED BY SITZKRIEG

No one is being crushed around here. Although I have to admit that gas prices were lower under Trump during the period that 1,000 Americans per day were dying of COVID.

#68 | Posted by Zed at 2024-05-10 09:19 AM | Reply

^^ Also why the Biden admin is telling Ukraine to not attack Russian oil infrastructure, but they're doing it anyways.

#69 | Posted by sitzkrieg at 2024-05-10 09:20 AM | Reply

No one is being crushed around here.

#68 | POSTED BY ZED AT 2024-05-10 09:19 AM | FLAG:

Ask more people. Start with aspiring homeowners.

#70 | Posted by sitzkrieg at 2024-05-10 09:26 AM | Reply

Wealth distribution trickled upward since the pandemic. Price gouging + layoffs = record profits and CEO bonuses

#16 | Posted by hamburglar at 2024-05-08 05:01 PM | Reply | Flag:

Wealth distribution has trickled(?), no gushed upwards since Raygun made it more profitable to hoard wealth than invest in business assets and employees.

Raygunomics has been the single biggest failure for the middle class in history.

#71 | Posted by Nixon at 2024-05-10 09:36 AM | Reply

crushed by....gas prices

#62 | POSTED BY SITZKRIEG

Gas prices, when adjusted for inflation are lower today than the 1970s.

www.usinflationcalculator.com

What is happening is that wages (especially in red states) are not keeping pace.

If you want to know where to pin the blame on gas prices, pay attention to the oil companies reporting "record profits" that are then used to be increase dividends and pay for stock buybacks (also a something Raygun made legal).

#72 | Posted by Nixon at 2024-05-10 09:40 AM | Reply

erin Burnett...a member of the "committee to reelect the president".....CNN chapter

asked the brain dead POS about inflation going up on his watch

the lying douchebag said he's fixed it....that inflation was 9 when he got into office.

---no it wasn't your desiccated husk... dead man walking liar...it was 1.4 in JAN 0f 2021

HOWEVER..being a member of the "committee to reelect the president she's not allowed to

question his comments.

and I surveyed 3-5 other sources like this one from newsweek and each one used the same figures.

figures that continue to lie about "created jobs."

I'm sure that this "august" body being a "committee to reelect the president" auxiliary will

repeat the lie ad noseum.

www.yahoo.com

#73 | Posted by shrimptacodan at 2024-05-10 10:08 AM | Reply

"ad nauseam"

As in STD posts hateful tripe ad nauseam.

#74 | Posted by Alexandrite at 2024-05-10 10:10 AM | Reply

Tony,

The problem with people who do well in difficult times is they start living in an Ivory Tower.

How's the view up there?

#75 | Posted by BillJohnson at 2024-05-10 10:11 AM | Reply

I've never posted about voter fraud exactly.
Mostly the higher risk of irregularities and human error and yes...vote harvesting.
Higher margin of error with something as important as Presidential election where we have one chance to get it right.
I was posting about the potential problems a month before the election and from what I've read, what I thought could happen did.

#21 | POSTED BY BILLJOHNSON

I stopped reading at this ridiculously jaw-dropping point. Did BJ say he'd never come back, only to post 12 minutes later?

#76 | Posted by Dbt2 at 2024-05-10 10:12 AM | Reply | Funny: 1 | Newsworthy 2

The problem with people who do well in difficult times is they start living in an Ivory Tower.

#75 | POSTED BY BILLJOHNSON

I was CRUSHED financially during the GOP Great Recession. That killed Ivory Towerism for me entirely.

The problem with you is that you don't credit or respect that people ARE doing better, and why.

#77 | Posted by Zed at 2024-05-10 10:21 AM | Reply

"ad nauseam"

As in STD posts hateful tripe ad nauseam.

#74 | Posted by Alexandrite

you're right...I HATE you and every other leftist-dogma klan parrot Pinocchio....IE: lie repeating marxist.

despise is a more appropriate word.

---as to "tripe"...your characterization is bloviated nonsense....telling the truth isn't tripe.

truth is kryptonite to you and the others who continue to engage in this total fantasy that joe biden is

as...pelosi said the other day....'sharp as a tack"

your inability to refute the point of the post...that biden lied about inflation ...just like he lied about job "creation"

and Burnetts refusal to be a journalist is duly noted.

#78 | Posted by shrimptacodan at 2024-05-10 10:28 AM | Reply

#42 ... so you're okay then with "our ship is sinking slower than other's ships"?
#63 | POSTED BY KWARL MARX

#79 | Posted by snoofy at 2024-05-10 10:39 AM | Reply

.I HATE you and every other leftist-dogma klan parrot Pinocchio....IE: lie repeating marxist.

#78 | POSTED BY SHRIMPTACODAN

And therefore you saw no option but to become a knuckle-dragging fascist.

#80 | Posted by Zed at 2024-05-10 10:42 AM | Reply

8 | POSTED BY SHRIMPTACODAN

I really think you sell yourself short. It's taken a lot of effort on your part to find a social niche that panders so thoroughly to the worst aspects of you. There was never any need to invoke the bad behavior of other people. Your own bad behavior was more than enough.

#81 | Posted by Zed at 2024-05-10 10:45 AM | Reply

"I HATE you"

You don't even know me, you hate the idea of me that exists in your own head. I feel sorry for you.

Hate is always foolish, love is always wise.

#82 | Posted by Alexandrite at 2024-05-10 10:55 AM | Reply

"It's an accepted fact that free money programs can drive inflation."
~BillJohnson

What if someone proposed borrowing an additional 10% of all the debt we've rung up since the dawn of time, just to give the vast majority of it away in tax cuts to the world's wealthiest? You'd be foursquare against that, right? And fight against it tooth and nail, especially knowing it would eventually be a driver of inflation.

We call it the Trump Tax Code. Enacted in December 2017.

According to the actual equation, you just blamed Donald Trump for the inflation we're currently experiencing.

#83 | Posted by Danforth at 2024-05-10 10:56 AM | Reply

I feel sorry for you.

#82 | POSTED BY ALEXANDRITE

For SHRIMP? No reason to feel sorry for someone who will likely become a fascist Block Warden.

#84 | Posted by Zed at 2024-05-10 10:59 AM | Reply

And therefore you saw no option but to become a knuckle-dragging fascist.

Just another projectionist who sees a movie about the right but always claims it's really about the left. If the scales ever fall from their eyes perhaps they'd notice that there isn't and never will be any rigid dogma adhered to universally by anyone on the left.

Individually, none of us have monolithic viewpoints nor do we demand fealty to singular points of views as expected from the lemmings on the right marching in lockstep to whatever idiocy is espoused by their leaders on any given day. I have disagreed with every single lefty poster on this thread as they have with me depending upon the issue. The freaking 11th commandment on the right is to never criticize Republicans. Many Democrats criticize each other on a daily basis.

It's telling how distorted this poster's view of reality is. They never realize that the criticisms they level more pointedly are faults they themselves display openly and proudly as badges of honor. And they never tire of taking potshots at any and all whose viewpoints differ from their own - caught in a zero-sum black hole fueling their misplaced anger as they pursue an endless search for the right to have their self-serving claims of superiority taken seriously while they thrust unserious policy after unserious policy into the public square.

Their leader lies like breathing but it's Joe Biden who should be strung up because he tries to express optimism, yet they ignore every single lie Trump made about "his economy" being unparalleled when every measure of growth pales in comparison to that realized by Biden coming out of Trump's fatal mishandling of the covid pandemic which truly did place our economy onto temporary life support.

#85 | Posted by tonyroma at 2024-05-10 11:02 AM | Reply | Newsworthy 1

"According to the actual equation, you just blamed Donald Trump for the inflation we're currently experiencing."

And, since Trump demanded a higher stimulus than Biden, the inflation would be worse.

Your theory; I'm just reporting what the numbers total.

#86 | Posted by Danforth at 2024-05-10 11:04 AM | Reply

John,
www.usatoday.com
#61 | POSTED BY BILLJOHNSON

Yes, the max available per participant increased but in reality the amount being spent on the program because both the number of participants and the average benefit paid per is falling due to increased employment and wage growth outpacing inflation.

And again, you support a rapist for President.

#87 | Posted by johnny_hotsauce at 2024-05-10 01:04 PM | Reply

Permanently extending the Trump tax cuts would cost $400 billion per year and give the largest tax cut to extremely rich households.
58 | POSTED BY GAL_TUESDAY AT 2024-05-09 10:32 PM | FLAG: So what's your problem? Since Congress and the administration have no problem about 'costs' as they spend more than revenues taken in each and every year, what's your point? [Did you pay attention to the biden budget proposals each and every year?]

#88 | Posted by MSgt at 2024-05-10 01:43 PM | Reply | Funny: 1

[Did you pay attention to the biden budget proposals each and every year? every budget proposal since WWI?]

#89 | Posted by REDIAL at 2024-05-10 01:56 PM | Reply

Once again, the party in power is trying to tell everyone that everything is milk and honey. But, when the other party gets in power, from day the party that got replaced starts saying how terrible everything is.

"Permanently extending the Trump tax cuts would cost $400 billion per year and give the largest tax cut to extremely rich households.

Once again, liberals show they have no idea how math works. They aren't getting the largest tax cuts, they are getting the same proportion as everyone else. But since the numbers are higher because that's how logic works in math, people just run with the bias. 3% of 100k is a lot less than 3% of 1m. Now, whether or not you feel everyone should get the same proportion is a different discussion. But, your statement is factually and mathematically wrong in context.

#90 | Posted by humtake at 2024-05-10 02:49 PM | Reply | Funny: 1

John,

"Yes, the max available per participant increased but in reality...."

I don't think the amount budgeted was being discussed.

People getting SNAP got a 12.5% increase which I'm sure stores keep up with.

#91 | Posted by BillJohnson at 2024-05-10 03:11 PM | Reply

Ah now Bill Johnson is blaming inflation on SNAP recipients ehhhhh?? Typical right winged conservative.

#92 | Posted by LauraMohr at 2024-05-10 03:20 PM | Reply

BullJohnson has had it explained to him already.

But, typical of our deplorable Trumping MAGAt posters, he's just doubling down on the same lies and bullshht.

Without lies and bullshht, conservatives would have nothing to say.

#93 | Posted by ClownShack at 2024-05-10 03:28 PM | Reply | Newsworthy 1

" Once again, liberals show they have no idea how math works. They aren't getting the largest tax cuts, they are getting the same proportion as everyone else."
~Humtake

No they're not. The wealthiest are getting over 60% of the tax cuts, while workers are getting less than 15%. Even foreign investors are getting more of the tax cut than workers.

Once again, Humtake shows he has no idea how math works.

#94 | Posted by Danforth at 2024-05-10 03:31 PM | Reply | Newsworthy 1

Humtake shows he has no idea how reality works.

FTFY.

#95 | Posted by ClownShack at 2024-05-10 03:51 PM | Reply

I don't think the amount budgeted was being discussed.
People getting SNAP got a 12.5% increase which I'm sure stores keep up with.

#91 | POSTED BY BILLJOHNSON

I'm not talking about the amount budgeted. I'm talking about the amount actually being distributed by the program and that number is falling due to improving economic circumstances lower income earners.
You claim stores are raising prices because of increased SNAP benefits. The facts don't support your claim because on the whole SNAP benefits are falling, not rising.

#96 | Posted by johnny_hotsauce at 2024-05-10 03:52 PM | Reply | Newsworthy 1

Did BJ say he'd never come back, only to post 12 minutes later?
#76 | POSTED BY DBT2

BullJohnson promises to never come back, every other day.

He's a liar.

#97 | Posted by ClownShack at 2024-05-10 04:03 PM | Reply

John,

thehill.com

#98 | Posted by BillJohnson at 2024-05-10 09:02 PM | Reply

John,

I'm done with you.

Not interested in discussing this further.

#99 | Posted by BillJohnson at 2024-05-10 09:10 PM | Reply

John,
I'm done with you.
Not interested in discussing this further.

POSTED BY BILLJOHNSON AT 2024-05-10 09:10 PM | REPLY

Translation: My belief's untenable so therefore I'm taking My ball and going home. SNAP isn't the reason food prices are so high. It's corporate greed that is the reason why grocery prices are skyrocketing at an alarming rate.

#100 | Posted by LauraMohr at 2024-05-10 09:15 PM | Reply | Newsworthy 1

#99

Just run away when you've been exposed. Got it. Coward

#101 | Posted by LegallyYourDead at 2024-05-10 10:04 PM | Reply

Legal,

Did you read my link #98?

The only one exposed was John.

#102 | Posted by BillJohnson at 2024-05-11 09:18 AM | Reply

John,
thehill.com

#98 | POSTED BY BILLJOHNSON AT 2024-05-10 09:02 PM | REPLY

These are the people who you are banking your beliefs upon

en.m.wikipedia.org

The Foundation for Government Accountability (FGA) is a conservative American public policy think tank based in Naples, Florida. The nonprofit organization primarily focuses on reducing the welfare state, reducing restrictions on teenage workers, and blocking the expansion of Medicaid at both the state and federal levels. FGA conducts policy research and its experts recommend free-market policies intended to promote work, reduce dependency, and increase opportunity. The organization was founded in 2011 by Tarren Bragdon, now FGA's CEO and president. The group's "emphasis on policy messaging and marketing...has differentiated the group from traditional think tanks."[3]

MY WORDS ARE AS FOLLOWS

These people are rotten to the core. I'm not surprised that you hang your hat on them.

#103 | Posted by LauraMohr at 2024-05-11 09:56 AM | Reply

Laura,

I read a variety of sites and don't automatically disagree with a site just because it might not reflect my bias.

Other than it being a "conservative American public policy think tank", what other evidence do you have to not believe them?

You think I might possibly ever take your opinion seriously? Disputing information not because of the information but simply because where you read it.

That's shallow.

#104 | Posted by BillJohnson at 2024-05-11 10:26 AM | Reply

Laura,

I see no reason to respond to you regarding this topic.

You offer nothing original or interesting or thought provoking in your posts.

Just nothing.

#105 | Posted by BillJohnson at 2024-05-11 10:32 AM | Reply

Other than it being a "conservative American public policy think tank", what other evidence do you have to not believe them?
You think I might possibly ever take your opinion seriously? Disputing information not because of the information but simply because where you read it.
That's shallow.
POSTED BY BILLJOHNSON AT 2024-05-11 10:26 AM | REPLY

The record profits these corporations are touting says all I need to know that it's corporate greed run a mock that is the reason for skyrocketing grocery prices. Not the SNAP users. Oh and you talking about being shallow. I'm not the one who hangs their hat upon discredited information and holds into it like it's gospel. That would be you honey.

#106 | Posted by LauraMohr at 2024-05-11 10:34 AM | Reply

robertreich.substack.com

It's greedflation, stupid
And here's how to stop it
ROBERT REICH
JUN 01, 2023

#107 | Posted by LauraMohr at 2024-05-11 10:39 AM | Reply

If there were an impact on inflation by SNAP it seems to me it would result in an increase in demand from food. (That would be the impact of that money injected into the economy). Having fewer starving children seems like a reasonable payoff for a negligible increase in inflation

But that is me. I care about such things

#108 | Posted by truthhurts at 2024-05-11 10:40 AM | Reply

Once again, the party in power is trying to tell everyone that everything is milk and honey. But, when the other party gets in power, from day the party that got replaced starts saying how terrible everything is.

Blah blah blah. Here you go again ... No one's said it's now the land of "milk and honey". They said the economy is strong. Big difference.

Trumpy's vision of America ...

"Mothers and children trapped in poverty in our inner cities; rusted-out factories scattered like tombstones across the landscape of our nation; an education system, flush with cash, but which leaves our young and beautiful students deprived of knowledge; and the crime and gangs and drugs that have stolen too many lives and robbed our country of so much unrealized potential.

This American carnage stops right here and stops right now."

Brandon's vision of America ... .

"This is America's day.
This is democracy's day.
A day of history and hope.
Of renewal and resolve.

Through a crucible for the ages America has been tested anew and America has risen to the challenge.
Today, we celebrate the triumph not of a candidate, but of a cause, the cause of democracy.
The will of the people has been heard and the will of the people has been heeded.
We have learned again that democracy is precious.
Democracy is fragile.
And at this hour, my friends, democracy has prevailed.

So now, on this hallowed ground where just days ago violence sought to shake this Capitol's very foundation, we come together as one nation, under God, indivisible, to carry out the peaceful transfer of power as we have for more than two centuries."

(From the inauguration speeches of each President)

#109 | Posted by donnerboy at 2024-05-11 11:17 AM | Reply

It's greedflation, stupid

And oil price fixing led by an American Permian Basin company's former CEO:

Big Oil's Un-American Scheme to Price-Gouge Consumers

A bombshell complaint filed by the Federal Trade Commission (FTC) last week reveals that Scott Sheffield, the former CEO of Pioneer Natural Resources - one of the largest oil producers in the Permian Basin - colluded with OPEC officials in an attempt to artificially limit supply and jack up prices.

The FTC's complaint alleges that Sheffield exchanged private WhatsApp messages with leaders at OPEC, assuring them that Pioneer and other Permian companies would pump the brakes on output in order to keep prices high. He even threatened to "punish" any companies that dared to ramp up production.

Haven't MAGAts been screaming about gas prices ever since Trump left office? High gas prices are one of, if not the single biggest influence on inflation since energy costs permeate completely throughout the production/distribution/consumption economy.

And now we learn who's behind those high prices: American grifters, just like the head MAGA himself.

#110 | Posted by tonyroma at 2024-05-11 11:28 AM | Reply

Laura,

I've worked in accounting for years. I've noticed young accounting system people tend to be "tree" people rather than "forest" people.

They get fixated on processes or departments and don't see the bigger picture.

You're a tree person.

#111 | Posted by BillJohnson at 2024-05-11 02:31 PM | Reply

Truth,

I have no objection to helping people who need it.

Just understand someone else is paying for it.

#112 | Posted by BillJohnson at 2024-05-11 02:39 PM | Reply

I've worked in accounting for years. I've noticed young accounting system people tend to be "tree" people rather than "forest" people.
They get fixated on processes or departments and don't see the bigger picture.
You're a tree person.
POSTED BY BILLJOHNSON AT 2024-05-11 02:31 PM | REPLY

Yawwwwwwwnnnnn

Translation: My insistence that SNAP is the reason for inflation isn't supported by facts so I will bloviate knowing My goose is thoroughly cooked.

We know Bill Johnson We know.

#113 | Posted by LauraMohr at 2024-05-11 02:45 PM | Reply

Truth,
I have no objection to helping people who need it.
Just understand someone else is paying for it.

#112 | POSTED BY BILLJOHNSON

Read my lips

Poor people pay taxes

let me restate it

Taxes are paid by poor people.

Do you understand yet? The FACT that poor people pay taxes.

So, one could say, someone else is NOT paying for it.

#114 | Posted by truthhurts at 2024-05-11 03:26 PM | Reply

People getting SNAP got a 12.5% increase which I'm sure stores keep up with.
#91 | POSTED BY BILLJOHNSON

You have it exactly backwards. SNAP benefits don't drive up food prices. SNAP benefits go up when food prices go up, and they do so, so that people can keep up with increased food prices. Social security increases are based on how much the cost of living increases each year. I believe SNAP benefits increase in the same way based on how much food prices go up.

#115 | Posted by Gal_Tuesday at 2024-05-11 03:39 PM | Reply | Newsworthy 1

Gal,

"SNAP benefits go up when food prices go up"

Going back to my original post.

I don't object to benefits.

But I am offended when these recipients of free food then claim conservative news sources are lying about rising food prices like I read sometimes.

Your own post is indicating food prices must have went up 12.5% since that is what the inctease was last Oct for 2024.

#116 | Posted by BillJohnson at 2024-05-11 04:10 PM | Reply

But I am offended when these recipients of free food then claim conservative news sources are lying about rising food prices like I read sometimes.
Your own post is indicating food prices must have went up 12.5% since that is what the inctease was last Oct for 2024.

POSTED BY BILLJOHNSON AT 2024-05-11 04:10 PM | REPLY

Conservative news sources are blaming SNAP benefits for the rise in inflation which is bullocks. When in actuality it's corporate greed run a mock that is the reason why grocery prices are rising at an alarming rates.

#117 | Posted by LauraMohr at 2024-05-11 04:18 PM | Reply

"You have it exactly backwards."

Like all the "alternate facts" Trumpers spew.

They are most always have things bass ackwards. Partial truths adjusted or cherry picked to fit their narrative.

Bill Johnson is a poster child for decades of the alternative facts psychological programming of Fuxed News and related "news" sources and probably some unhealthy doses of daytime or late night evangelical apocalyptic propaganda thrown in for good measure.

#118 | Posted by donnerboy at 2024-05-11 04:20 PM | Reply

Conservatives blame the poor, but offer no strategy to get poor people out of poverty.

The poor are simply scapegoats.

#119 | Posted by snoofy at 2024-05-11 04:28 PM | Reply

Your own post is indicating food prices must have went up 12.5% since that is what the inctease was last Oct for 2024.
#116 | POSTED BY BILLJOHNSON

In general SNAP benefits increase as the cost of living/food prices increase:

We adjust SNAP maximum allotments, deductions, and income eligibility standards at the beginning of each federal fiscal year. The fiscal year begins on Oct. 1st. The changes are based on changes in the cost of living. Cost of living is the amount of money needed to support a basic standard of living.

www.fns.usda.gov

However, changes are periodically made to the program which also effect increases in SNAP benefits:

SNAP Benefit Increases to Change Under New Plan

The Supplemental Nutrition Assistance Program (SNAP) changes each year to offer Americans higher benefit amounts due to the impact of inflation, but a new law could shake up the way benefits are calculated.

The House Committee on Agriculture is considering a new farm bill that would adjust how recipients get increases to their SNAP benefits, and it is based on an updated version of the Thrifty Food Plan (TFP).

. . .

In 2021, President Joe Biden switched the rules and adopted a $256 billion increase to SNAP benefits that would take place over the course of 10 years. That allowed SNAP benefits to increase based on whatever amount the government approved for that specific year instead of the market's food price calculation.

However, if the 2024 Farm Bill makes it through, Congress would return SNAP benefit increases to their previous cost-neutral process, based on current food prices and the other metrics that have historically been considered for the payment amounts.

The farm bill could see lower SNAP payments for recipients initially due to the change, but over time, proponents say it would ensure SNAP beneficiaries receive a fair adjustment based on the market and food conditions, instead of it being arbitrarily set by whomever is in power at the time.

. . .

Kevin Thompson, a finance expert who runs the 9i Capital Group, agreed that Biden's update to the program unilaterally increased the spending for SNAP, which led to a substantial increase in benefits for SNAP recipients. But the Biden-era rules make the exact guidelines around SNAP increases more up to interpretation in the near future.

www.newsweek.com

It looks like Biden instituted an increase in the SNAP program during COVID that wasn't directly tied to a COLA increase, and now Republicans in Congress are wanting to turn that increase back. So, no, food prices probably didn't increase by 12.5%, but they did go up during COVID in part due to transportation costs (or so food producers claimed), and they never went back down once shipping costs stabilized after the initial COVID crisis passed.

#120 | Posted by Gal_Tuesday at 2024-05-11 04:32 PM | Reply

Gal,

I'm glad your food prices aren't going up because mine sure are.

And I don't need to read a link to know that.

#121 | Posted by BillJohnson at 2024-05-11 04:41 PM | Reply

Thread cries out for GracieAmazed telling us her food stamps don't go as far as they used to.

#122 | Posted by snoofy at 2024-05-11 04:44 PM | Reply

Regarding the 2021 change, emphasis mine:

President Joe Biden's administration has approved a significant and permanent increase in the levels of food aid available to needy families " the largest single increase in the program's history.

Starting in October, average benefits for food stamps " officially known as the Supplemental Nutrition Assistance Program, or SNAP " will rise more than 25 percent above pre-pandemic levels. The increased assistance will be available indefinitely to all 42 million SNAP beneficiaries.

The increase coincides with the end of a 15 percent boost in SNAP benefits that was ordered as a pandemic protection measure. That benefit expires at the end of September.

Agriculture Secretary Tom Vilsack said that with the change, the U.S. "will do a better job of providing healthy food for low-income families."

The aid boost is being packaged a major revision to the USDA's Thrifty Food Plan, which estimates the cost to purchase groceries for a family of four and guides the way the government calculates benefits. In practical terms, the average monthly per-person benefits for qualified recipients will rise from $121 to $157.

The increase is projected to cost an additional $20 billion per year, but it won't have to be approved by Congress. A farm law passed in 2018 by the then-GOP led Congress and signed by former President Donald Trump already directed the department to reassess the Thrifty Food Plan.

"Whether you're a Republican or a Democrat, I think there's a shared understanding of the importance of this program," Vilsack said in a conference call with reporters.

The increase is part of a multi-pronged Biden administration effort to strengthen the country's social safety net. Poverty and food security activists maintain that longstanding inadequacies were laid bare by the COVID-19 pandemic, presenting an opportunity to make generational improvements that reach beyond the current public health crisis.

www.king5.com

#123 | Posted by Gal_Tuesday at 2024-05-11 04:46 PM | Reply

Gal,

Back to my original post.

Anyone who gets food for free that goes up with food inflation and then claims food prices aren't really going up and that conservatives are lying should STFU.

My opinion.

#124 | Posted by BillJohnson at 2024-05-11 04:47 PM | Reply

Gal,
I'm glad your food prices aren't going up because mine sure are.
And I don't need to read a link to know that.
#121 | POSTED BY BILLJOHNSON

WTF did I say that? Nowhere. What I said was: "So, no, food prices probably didn't increase by 12.5%," in the past year just because that's how much SNAP benefits went up. What I also said was that food prices went up during COVID and they haven't fallen after the COVID crisis passed.

#125 | Posted by Gal_Tuesday at 2024-05-11 04:51 PM | Reply

that food prices went up during COVID and they haven't fallen after the COVID crisis passed.

Funny the way that works. Kinda like here at the start of April when the carbon tax on gas went up 3 cents per liter and the pump price went up 9.

#126 | Posted by REDIAL at 2024-05-11 04:56 PM | Reply

Anyone who gets food for free that goes up with food inflation and then claims food prices aren't really going up and that conservatives are lying should STFU.
My opinion.

POSTED BY BILLJOHNSON AT 2024-05-11 04:47 PM | REPLY

Food prices are skyrocketing but it's not because of SNAP like you desperately claim. That's the crux of the whole shebang.

#127 | Posted by LauraMohr at 2024-05-11 05:02 PM | Reply

The core concept being presented here is increased money in the hands of food purchasers results in the price of food going up. More money chasing the same amount of goods makes the price go up. Pretty much what they teach in Econ 101.

So if we're going to think about inflation this way, then it stands to reason that since 1975, practically all the inflation in food prices is practically all the gains in household income have gone to the top 20% of households.

Compare the gains in income going to the top 20% to the income EBT provides: "In April 2023, the national average benefit was $181.72 per person and $343.00 per household." www.pewresearch.org

Go on, tell me how $343 extra per EBT household can cause in inflation far beyond $343 per household.

#128 | Posted by snoofy at 2024-05-11 05:31 PM | Reply

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