From the GOP

[Bill Flett]

https://www.gopusa.com/inflation-under-biden-continues-as-prices-went-up-3-6-in-april-data-shows/
[...]
A rising inflation trend continues as prices rose by 3.6% in April from a
year ago, reflecting increases in both goods and services, according to data
released Friday by the Bureau of Economic Analysis.

This is *not* inflation.

Prices rose 0.6% in the past month in a key inflation indicator

These are *real* price increases, not merely monetary.  Lots of commodities
are in short supply as spending resumes.

The Federal Reserve has said that a rise in inflation will be temporary, with
prices dropping as the pandemic subsides. The Fed has indicated it is in no
rush to raise interest rates.

Exactly.

After-tax income slid 15.1% in April from the record level in March that had
been hiked by the billions of dollars in stimulus payments.

Exactly.  So there has not been any fall in long-term income.

Personal income declined 13.1%, but that was less than the predictions of
14%. The government stimulus checks earlier this year had pushed personal
income up 20.9% in March.
After taxes and other withholdings, disposable personal income dropped 14.6%.

Because of the end of stimulus payments, *not* because the earned income of
employed people was falling, or because unemployment was rising.
Keep your stupid fucking mouth shut about economics.  You don't know a thing.

It appears that degree notwithstanding, you also know little about ecponimics [sic]

About what? What the fuck is "ecponimics"?

I just conceded defeat again.

Yep.

[Kurt Nicklas]

On Sun, 30 May 2021 11:33:19 -0700, BillnRudy Flett

https://www.gopusa.com/inflation-under-biden-continues-as-prices-went-up-3-6-in-april-data-shows/
[...]
A rising inflation trend continues as prices rose by 3.6% in April from a
year ago, reflecting increases in both goods and services, according to data
released Friday by the Bureau of Economic Analysis.

This is *not* inflation.

Prices rose 0.6% in the past month in a key inflation indicator

These are *real* price increases, not merely monetary.  Lots of commodities
are in short supply as spending resumes.

The Federal Reserve has said that a rise in inflation will be temporary, with
prices dropping as the pandemic subsides. The Fed has indicated it is in no
rush to raise interest rates.

Exactly.

After-tax income slid 15.1% in April from the record level in March that had
been hiked by the billions of dollars in stimulus payments.

Exactly.  So there has not been any fall in long-term income.

Personal income declined 13.1%, but that was less than the predictions of
14%. The government stimulus checks earlier this year had pushed personal
income up 20.9% in March.
After taxes and other withholdings, disposable personal income dropped 14.6%.

Because of the end of stimulus payments, *not* because the earned income of
employed people was falling, or because unemployment was rising.
Keep your stupid fucking mouth shut about economics.  You don't know a thing.

It appears that degree notwithstanding, you also know little about ecponimics [sic]

About what? What the fuck is "ecponimics" ?

"You just conceded defeat again. I'll add it to the list. I've
instructed you om that before."
---Bill Flett 5/28/21 Dwarfie turns Hindu!

Enjoy again, dwarfie!