Inflation now at 40-year high...pay no attention to that though...

[Inner Dirt]

Originally Posted by lamboguy

i was looking for some numbers during ww11 to compare them.

there are 2 reasons why inflation is so high.. first is the Trump Tariffs, 2nd the Biden sanctions.

both were quite idiotic for the time. it looks like Biden wanted to outdo Trump with the sanctions.

personally, i think the damage has been done, and reversing them won't help much. they are probably going to take us to war soon.

In the commodities I bought for my business, the impact of the tariffs which were extreme, as suppliers used them for excuses for excessive price increases had finally come back to Earth for the most part before Biden took office.

[Clocker]

Originally Posted by Inner Dirt

Biden is hoping voters have as bad of memory as he does. The war in Ukraine did kick in the after burners on a lot of commodities that come out of Russia.
The aluminum and stainless steel I was buying had doubled since a little before Biden took office, the Russian invasion made it hit triple.

While the Russian war is one contributor to the current inflation, Biden is highly selective in emphasizing it and forgetting some of his own contributions.

President Biden has a credibility problem he needs to solve. Instead of admitting that his American Rescue Plan (ARP) contributed to inflation, he blames inflation on the pandemic, Russia’s invasion of Ukraine, and, most recently, what he called the Republican “ultra-MAGA agenda.” But voters aren’t buying it.: 64 percent of them including 46 percent of Democrats blame the President for the increased costs they experience every day.

ARP pumped $1.9 trillion into the economy that boosted consumer spending and fueled inflation. Distributions were based on 2019 tax returns, so many who were unaffected by COVID received money to spend unrelated to pandemic losses.

https://thehill.com/opinion/white-ho...-achievements/

[Elkchester Road]

https://www.foxnews.com/media/upcomi...-yardeni-warns

I'm thinking by the time November gets here the American People will be good and damned sure who it is causing this pain in their Lives.

Hint...it...ain't...Trump. Or his Policies. Those Policies HAD to be ended so we could endure what is happening NOW.

Thank the Biden Administration for Bulldozing the Financial Stability of this Country...and it's Citizens.

[mountainman]

My wife and I are well underway in building a new house. The costs have escalated beyond all reason-in fact, having reached a level that I'd be embarrassed to even disclose to sane persons.

I'm no economist, and nobody will EVER ask me to expound on the causes of inflation, but I'm not dumb or gullible, either, and fully realize that , Putin aside, the current administration stands largely responsible for my difficulties.

For HOLY god's sake, the president HIMSELF clearly conveys this with verbal obfuscation and silly finger pointing. Just listen to the man for 30 SECONDS and no doubt can remain about who's culpable. Joe Biden rats his own party out.

Unless I'm to hold the supreme court responsible for the 10k gravel bill I just footed.

[davew]

at least Joe is doing well at something

[Elkchester Road]

Originally Posted by mountainman

My wife and I are well underway in building a new house. The costs have escalated beyond all reason-in fact, having reached a level that I'd be embarrassed to even disclose to sane persons.

I'm no economist, and nobody will EVER ask me to expound on the causes of inflation, but I'm not dumb or gullible, either, and fully realize that , Putin aside, the current administration stands largely responsible for my difficulties.

For HOLY god's sake, the president HIMSELF clearly conveys this with verbal obfuscation and silly finger pointing. Just listen to the man for 30 SECONDS and no doubt can remain about who's culpable. Joe Biden rats his own party out.

Unless I'm to hold the supreme court responsible for the 10k gravel bill I just footed.

Mark...sorry to hear you are feeling this so up close and personal.

[Inner Dirt]

Originally Posted by mountainman

My wife and I are well underway in building a new house. The costs have escalated beyond all reason-in fact, having reached a level that I'd be embarrassed to even disclose to sane persons.

I'm no economist, and nobody will EVER ask me to expound on the causes of inflation, but I'm not dumb or gullible, either, and fully realize that , Putin aside, the current administration stands largely responsible for my difficulties.

For HOLY god's sake, the president HIMSELF clearly conveys this with verbal obfuscation and silly finger pointing. Just listen to the man for 30 SECONDS and no doubt can remain about who's culpable. Joe Biden rats his own party out.

Unless I'm to hold the supreme court responsible for the 10k gravel bill I just footed.

I feel your pain, but only a little at a time. I can't even call what I am doing home remodeling, as this place was a 50-50 tear down. The shop I run my business out of is great after I rewired it, and I love the 10 wooded acres, and being 1/4 mile plus from neighbors. The house would set world records for code violations. Easy example, the water heater was 6" from the electrical panel that ran the house. That was in place when it was built 40 years ago.



The point is moot, the Real Estate agent that sold this house to my girlfriend because I was too busy to get here was nothing but a con man. As I have said before my girlfriend is a hard core liberal whose political beliefs run her life. She is never wrong. Since I am a hardcore Republican tough guy, the default is I am always wrong, even on subjects where she knows nothing.


Sorry Mountain Man, I went off track. I sat down and starting costing out
the repairs this dump needed, most of the work I figured I would do, even though I have all the knowledge father time hasn't been kind to me, but I can do most of the work, just on the slow side.


About 3 years ago I wrote up a budget and gave it a padding of 50%-100% over, and started work just shy of 2 years ago. I have planned to do most of the labor myself. I did order sand and gravel, the gravel for a driveway and the sand to put in a trench to protect the electric conduit and water pipe to a well. I paid my neighbor for the trenching and gravel spreading. This is the neighbor I have to threaten with physical harm to take 50% on the dollar for his help.



Moral of the story, my project is way over budget even though I am trying to skimp. Even though you can only walk in the middle of the attic, I was thinking of nailing in OSB sub floor in up there so it would be easier to replace the plumbing. This house is copper plumbed which is bad when you have acidic well water, it is shot. When the OSB sub floor quadrupled in price, I decided to buy four 2 x 4 pieces of finished hardwood and slide them around on the studs as I worked.


If it appears these days a contractor is trying to rip you off they aren't.

They need to pad their quotes as they have no idea what the commodities will cost next week.

[Elkchester Road]

https://www.foxbusiness.com/markets/...andemic-levels

How can this be happening in an Economy that so many Liberals are saying is great??? These are Liberals stretching all the way from The White House...to this very Forum.

How can this be so???

Redefine that!!!


N O V E M B E R

[Striker]

Originally Posted by Elkchester Road

https://www.foxbusiness.com/markets/...andemic-levels

How can this be happening in an Economy that so many Liberals are saying is great??? These are Liberals stretching all the way from The White House...to this very Forum.

How can this be so???

Redefine that!!!


N O V E M B E R

Mostie wants it to never end cause all things in society are trending upwards cause of the current President. Consensus of .5 gain in GDP coming tomorrow so stay tuned…….

[myohmyjustify]

Don't you know that the Country is in the Very Best of Hands? And if you don't believe me, watch this:

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