Oh we wish it was just inflation, we’re in a much worse stagflation environment
320
StIdes-and-a-swisher4 days ago
+50
Trump dumb ass about to replace the head of the FED in may. If you Think inflation is bad now.
50
xynith1164 days ago
+29
If I were Powell I would not hold back in the next CPI report.
29
xynith1164 days ago
+77
People really saying “demand destruction” cuz they’re afraid of saying “stagflation”.
77
arb16984 days ago
+25
Eh demand destruction would be worse cause you would lose jobs and and can have rampant inflation while stagflation can have a job market slightly go down or hold stable and inflation but yeah it's all really stagflation the word corporate media is afraid to say.
25
wejustdontknowdude4 days ago
-11
Maybe they’re not saying stagflation because inflation and unemployment are both low right now.
-11
xynith1164 days ago
+6
I really don’t trust any statistics that come out of the Trump admin TBH. J Powell is probably one of the only sane ones left at the Fed.
6
wejustdontknowdude4 days ago
-3
I doubt that unemployment would be off by over a factor of two. The actual stagflation of the 70s had 9% unemployment and the price of oil increased by 300%. Economists aren’t saying stagflation because it has a specific meaning. Powell would agree with that assessment.
-3
LoveMyKush4 days ago
+123
60% voted for the GOP. I hope next time they will understand.
123
Educational_Report_94 days ago
+208
10 of the last 11 recessions have occurred under Republican admins. They aint figuring it out this time either.
208
FireWireBestWire4 days ago
+31
Who was the poor sob for the 11th?
31
conman2284 days ago
+66
Jimmy Carter
66
Alaus_oculatus4 days ago
+73
Jimmy Carter also inherited the Stagflation of Nixon and Ford. The Iranian revolution during his presidency also didn't help, considering the recession hit a year later.
I find it hard personally to pinpoint a specific policy by Carter that led to his recession, unlike some other Presidents on the list of recessions
73
PancAshAsh4 days ago
+39
He was dealt a shit hand but even in his own words he wasn't the best President. He was a great human being though.
39
amateur_mistake4 days ago
+20
Also, we would be a lot better off if they had at least kept the solar panels on the White House. Can you imagine where our country would be now with energy policies starting from there?
20
PancAshAsh4 days ago
+8
There's a theory that the American people select Presidents that are the opposite of their predecessors in some way. Nixon and Ford were crooks, so Jimmy Carter was an honest man. Carter was earnest, Reagan was a polished slimeball.
8
airinato4 days ago
+12
Because of Republicans. They decided to back Israel, the rest of the middle east said f*** you and cut oil production, causing the energy crisis.
Nobody talks about this and it drives me f****** crazy.
12
Ahelex4 days ago
-7
Tbf, Carter is pretty RINO all things considered.
-7
humanoideric4 days ago
+11
ya mean DINO?
11
Ahelex4 days ago
+7
Ah right.
Though on further thought, he probably wouldn't fit into either at this point given he does prioritize decency and humanity more.
7
PancAshAsh4 days ago
+5
I mean he's dead now so he's not currently prioritizing anything. He managed to piss off pretty much everyone as President including his own party and he made some poor cabinet choices but he's without a doubt the best ex-President of the 20th century, and probably the nicest human being to be president in the post-WW2 era.
5
FlashCardManiac4 days ago
-3
OK, but wasn't the housing crisis of the early 2000's caused by the Democratic party giving Bush Jr. a pass. Could be off.
You'll win by default because of Jr's trillion dollar war.
-3
Educational_Report_93 days ago
+4
Not totally sure about the early 2000s, but hard to give Bush Jr a pass when he took a hard deregulatory approach and removed restrictions on banks and lending. This lead to a housing boom and eventual collapse. One of the worst recessions in history.
4
Responsible-Rip87934 days ago
+21
They won’t. And even if they do, they will forget after 4 years of a dem being in office. Americans are pretty stupid
21
Zapp_Rowsdower_4 days ago
+4
It was stolen. Put down the kush.
4
gospdrcr0004 days ago
They'd be very upset if they could read this
0
fedroxx4 days ago
No, 22% voted for the GOP.
0
MatthewSWFL2294 days ago
+32
And this is before the inevitable downward revision
32
The-cultured-swine394 days ago
+60
I can’t believe people voted for this.
60
idkwhatimbrewin4 days ago
+11
Are you tired of winning yet?
11
Captain_Aware45034 days ago
+31
"Damn it Biden!!!" - no, just no. Not the reason. If fact Biden fixed the last recession Trump caused.
Everyone needs to sit down, forget about which side they are on, and look at the facts. Virtually everything the GOP is doing is screwing the middle class. Its not the gays who are keeping wages flat while causing inflation. Its not the drag queens who are slashing every program that helps the poor and middle class. And its not immigrants who just gave the wealthy $3 trillion increasing out national debt.
31
laplongejr3 days ago
+2
> Its not the gays who are keeping wages flat while causing inflation. Its not the drag queens who are slashing every program that helps the poor and middle class.
Well, their existence makes a wonderful scapegoat for the people who are ready to destroy their own life if it destroys the complete existence of LGBT.
2
BigJellyfish19064 days ago
+21
Screw the WSJ for trying to spin the last jobs report as “good news.”
Absolutely divorced from any relevant context.
21
security_screw4 days ago
+12
WSJ has the credibility of Fox News. They’re both run by Rupert Murdoch.
12
FlyingDogCatcher4 days ago
+7
No, we need to melt the Economy's icy heart with a FRESH island song!
7
One-Emu-11034 days ago
+20
Why is the stock market ignoring that among other things like Iran rejecting the ceasefire propoal for hope that a diplomatic solution is just around the corner?
20
DontTickleTheDriver14 days ago
+45
House of cards
Or, to say it more bluntly, it's all bullshit
45
One-Emu-11034 days ago
+8
I believe that you are right. Trump is just the face for Big Business, Big Oil and Big Tech. And like the sycophants in the Emperor's New Clothes, they are feeding at the troft while hoping no one else sees through the lies.
8
DoublePostedBroski4 days ago
+16
Because the stock market is for rich people with disposable incomes. The average Joe who’s poverty adjacent isn’t playing around on E*Trade.
16
Recent-Result28524 days ago
+1
The l****** has always been a poor person's game. The stock c***** makes everyone think they have an edge.
1
SlitSlam_20174 days ago
+1
The stock market isn’t meant to benefit the public, we are exit liquidity for the elite
1
Battlejesus4 days ago
+11
Why did Biden do this to us
11
Dauvis4 days ago
+4
Thank goodness we dodged the bullet on not reelecting the guy with a stuttering problem. /s
44 Comments