275,000 created despite those 7500 jobs gone lol. Jesus, some of y'all in here.
Obama did a great job rescuing the economy from total collapse. The economic crisis was real. This idea that 2008 was the golden age of American society and Obama ruined it when he came in is laughable to say the least.
The 0 interest rates were justified from 2008-2012. After that period, they should have began ramping those up, which eventually they started to try. Of course, when they continued to ramp up during President Trump's time, he decided to pressure Powell to lower them back down….to the long term detriment of the country.
Wanna blame someone for inflation? Some of it is Janet Yellen but Jerome Powell, the Trump appointee, should bear the brunt of the blame.
Answer:
Yes, because here's their fucking record profits
But this coming from the guy who said Trump wanted things open by Easter in 2020 and disputed quotes from 4/2020 Trump so I'm not surprised you're trying to push right wing rhetoric.
Im just curious, why wouldn't record profits be a cause of inflation? The key word here is "Profit" That means, they aren't just covering their inflated costs, they're upping their prices for the heck of it.
No one said inflation will ever drop. I said the exact opposite. If you guys are cheering for deflation, i'm sorry but you don't know how the world works and you might be as dumb as EverettChris.
Furthermore, as i've pointed out NUMEROUS times, the FED should have been on this and raising rates after the financial crisis was over, but again, Trump pressured his appointee, Jerome Powell, to not do his job and to drop interest rates when the economy was already running hot. Notice now, he's begging Powell to not drop these rates on someone else's watch. lol.
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My Costco bill is fucking crazy. I go there 1-2 times a month and, even just trying to get out with some staples and some meat, the bill inevitably ends up being more than $200. Normal trips push $400.
You poor guy….you'll never make it to the Sugar Bowl the way youre scraping by!!!
Btw speaking of inflation, you know whose job it is to keep it under control? The FED!
You know who chairs the FED? Jerome Powell. Who appointed him?
Powell should have been raising interest rates the moment he came aboard but for some reason he did the opposite. Weird.
you poor guy I don’t believe your 21% number but in any case you must be struggling to get by!!!
wait a second!! Didn’t you go to the Sugar Bowl????
In all fairness though, based on your thought process you've demonstrated, I'm not sure you know you're alive.