Biden - greatest 'economic recovery America has ever experienced'

[rogue06]

I see in the latest inflation numbers released today, inflation has dropped to zero.

Biden doing a great job?
The Inflation Reduction Act achieving great success before even being passed?

So inflation is at zero percent or is it that inflation had a zero percent increase? Because the last I looked, according to our Consumer Price Index prices are still up nearly 9% over last year.

And that you think a bill passed a few days ago effected the economy the month before reveals that incredible lack of understanding you have about economics and government.

But then again you're so far to the left you think Stalin was a right-winger

[Mountain Man]

I see in the latest inflation numbers released today, inflation has dropped to zero.

Biden doing a great job?
The Inflation Reduction Act achieving great success before even being passed?

Not sure if this is sarcasm, or delusion.

[Starlight]

So inflation is at zero percent or is it that inflation had a zero percent increase?

In the month of July there was zero inflation. i.e. in July, on average, prices didn't increase, they remained the same from the start of the month to the end of the month. Hopefully that's not too difficult a concept for you.

Because the last I looked, according to our Consumer Price Index prices are still up nearly 9% over last year.

There were months before July. In those months, prices rose. In July they didn't. If you sum across the last 12 months, they add to approximately the figure you give.

Hopefully you can understand the difference between 1 month and 12 months.

And that you think a bill passed a few days ago effected the economy the month before reveals that incredible lack of understanding you have about economics and government.

Did the obvious sarcasm need sarcasm flags for you and flashing lights and a voice saying 'alert. sarcasm. alert.'?

[rogue06]

In the month of July there was zero inflation. i.e. in July, on average, prices didn't increase, they remained the same from the start of the month to the end of the month. Hopefully that's not too difficult a concept for you.

That does not mean we are now experiencing zero inflation as you so ignorantly declared. Inflation is still at nearly 9%. That has not changed.

There were months before July. In those months, prices rose. In July they didn't. If you sum across the last 12 months, they add to approximately the figure you give.

Hopefully you can understand the difference between 1 month and 12 months.

That does not mean we are now experiencing zero inflation as you so ignorantly declared. Inflation is still at nearly 9%. That has not changed.

And the price of food continued to rise in July but was offset by a drop in fuel prices. Those who don't do much driving, like those working from home or retired, didn't get any relief but continued to see the cost of living increase.

You really don't have a clue about economics do you?

[Mountain Man]

In the month of July there was zero inflation. i.e. in July, on average, prices didn't increase, they remained the same from the start of the month to the end of the month. Hopefully that's not too difficult a concept for you.

Surely someone who pretends to be as smart as you knows that something as complex as the US economy can not be comprehensively conveyed in a single number. With year over year inflation remaining high, the overall rate of inflation from the time Joe was installed in the White House remaining staggeringly high, low labor force participation, a shrinking GDP, an actual recession, and low consumer confidence (among other factors), what a rate of 0% inflation over the course of a single month really shows is a reduction in consumer demand. In other words, people simply don't have the money to spend. Which is to say that in this instance, 0% inflation does not signify a strong economy, it signifies a very weak one.

[Sparko]

If I stick your hand on a stove and start turning up the heat but then stop for a minute when it reaches 9 out of 10, and tell you "look zero heat!" - will you be happy?

[Mountain Man]

Finally, some great economic news. Retail sales are up 30%.

In Mexico.

In this report from NewsNation, they follow Americans who travel to Mexico for their essential purchases. Not only is gasoline over a $1/gal cheaper, but everyday essential items are significantly lower.

Retailers in the video highlight an increase in sales of 20 to 30% from cross border shoppers. Biden’s economic plan is Making Mexico Great Again

https://theconservativetreehouse.com...to-save-money/

[rogue06]

Finally, some great economic news. Retail sales are up 30%.

In Mexico.

In this report from NewsNation, they follow Americans who travel to Mexico for their essential purchases. Not only is gasoline over a $1/gal cheaper, but everyday essential items are significantly lower.

Retailers in the video highlight an increase in sales of 20 to 30% from cross border shoppers. Biden’s economic plan is Making Mexico Great Again

https://theconservativetreehouse.com...to-save-money/

I've heard finding gas cans is hard to do along the border in that everyone takes a couple with them when they go to Mexico to buy the cheaper gasoline.

[Mountain Man]

20 million US households are behind on utility payments and could soon have their electricity shut off. This is on top of high gasoline prices and increasing food costs. The middle class is getting hammered by Joe's economic policies.

https://theconservativetreehouse.com...nding-shutoff/

[rogue06]

20 million US households are behind on utility payments and could soon have their electricity shut off. This is on top of high gasoline prices and increasing food costs. The middle class is getting hammered by Joe's economic policies.

https://theconservativetreehouse.com...nding-shutoff/

Yup. From Bloomberg

Source: More Americans Than Ever Can’t Afford to Pay Their Electric Bill

With more people owing more money, utility companies are getting more aggressive about shutoffs

A “Tsunami of Shut-Offs” Is Coming

US electricity prices surging and more people than ever are struggling to pay the power company. More than 20 million American households have fallen behind on their utility bills, about 1 of every 6 homes, and the amount they owe has doubled since before the pandemic.

With more people owing more money, utilities are getting more aggressive about cutting off delinquent customers. Many states imposed shutoff moratoriums during the pandemic, but those policies wound down just as record inflation made power – and almost everything else — more costly.

That’s going to trigger a “tsunami of shutoffs,” Jean Su, a senior attorney at the Center for Biological Diversity, told Bloomberg News for a story I co-wrote this week on the coming crisis.

The basic problem is that electricity is more expensive, up 15% from a year ago, and there's no sign of relief. That’s because power prices are linked to the cost of natural gas, which has more than doubled in the past year and is expected to remain high at least into next year.

Meanwhile, climate change has triggered extreme heat around the world, driving up power consumption, and power bills, as people seek refuge in air-conditioning. And in many hot regions, cooling isn't just for comfort — people who lose power during a stifling heat wave can die. While 41 states have some kind of protection against winter shutoffs for exactly this reason, only 19 have similar policies for the sweltering summer months. New Orleans last month asked its local utility to halt summer shutoffs as temperatures climbed, and this is going to become more urgent amid the global climate crisis.

Government aid is helping avert some shutoffs, and Congress this month asked for additional emergency funding on top of the $4 billion already set aside for a federal assistance program this year. Many states also have assistance programs, and utilities are generally willing to work with struggling customers. Most will agree not to shut off power to people who have applied for assistance or signed up for some kind of payment plan.

But that help is just a band-aid that masks the underlying issue, according to Mark Wolfe, executive director of the National Energy Assistance Directors Association. Low-income families already face a high energy burden, with a greater portion of their income needed to cover utility bills than wealthier families. For some, electricity is becoming too expensive to afford at all.

“The bills just aren’t affordable,” says Wolfe. “People on the bottom, they can’t pay this.”



Source

© Copyright Original Source

For the sarcastically impaired the following is said in jest

Does anyone think that if someone on fixed income dies in the heat this Summer or freezes to death in the Winter because they can't afford to pay their bills thanks to Bidenflation, if there will be any coverage of it in the MSM

[seanD]

Yup. From Bloomberg

Source: More Americans Than Ever Can’t Afford to Pay Their Electric Bill

With more people owing more money, utility companies are getting more aggressive about shutoffs

A “Tsunami of Shut-Offs” Is Coming

US electricity prices surging and more people than ever are struggling to pay the power company. More than 20 million American households have fallen behind on their utility bills, about 1 of every 6 homes, and the amount they owe has doubled since before the pandemic.

With more people owing more money, utilities are getting more aggressive about cutting off delinquent customers. Many states imposed shutoff moratoriums during the pandemic, but those policies wound down just as record inflation made power – and almost everything else — more costly.

That’s going to trigger a “tsunami of shutoffs,” Jean Su, a senior attorney at the Center for Biological Diversity, told Bloomberg News for a story I co-wrote this week on the coming crisis.

The basic problem is that electricity is more expensive, up 15% from a year ago, and there's no sign of relief. That’s because power prices are linked to the cost of natural gas, which has more than doubled in the past year and is expected to remain high at least into next year.

Meanwhile, climate change has triggered extreme heat around the world, driving up power consumption, and power bills, as people seek refuge in air-conditioning. And in many hot regions, cooling isn't just for comfort — people who lose power during a stifling heat wave can die. While 41 states have some kind of protection against winter shutoffs for exactly this reason, only 19 have similar policies for the sweltering summer months. New Orleans last month asked its local utility to halt summer shutoffs as temperatures climbed, and this is going to become more urgent amid the global climate crisis.

Government aid is helping avert some shutoffs, and Congress this month asked for additional emergency funding on top of the $4 billion already set aside for a federal assistance program this year. Many states also have assistance programs, and utilities are generally willing to work with struggling customers. Most will agree not to shut off power to people who have applied for assistance or signed up for some kind of payment plan.

But that help is just a band-aid that masks the underlying issue, according to Mark Wolfe, executive director of the National Energy Assistance Directors Association. Low-income families already face a high energy burden, with a greater portion of their income needed to cover utility bills than wealthier families. For some, electricity is becoming too expensive to afford at all.

“The bills just aren’t affordable,” says Wolfe. “People on the bottom, they can’t pay this.”



Source

© Copyright Original Source

For the sarcastically impaired the following is said in jest

Does anyone think that if someone on fixed income dies in the heat this Summer or freezes to death in the Winter because they can't afford to pay their bills thanks to Bidenflation, if there will be any coverage of it in the MSM

How interesting it is that both the US and EU have the same exact energy crisis. What are the two factors they both use as cover -- Ukraine war and climate change.