Cumulative effects of one year of inflation, from my calculation, has reduced my buying power by 18%. In retirement and that is a big amount. Too much printed money and government corruption. When bureaucrats out number workers, the end is near.
While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.It is simple minded to blame the administration currently in the White House for inflation, no matter what party that happens to be. We continue to pay, by far, the highest prices in the world for prescription drugs, and Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that were a genuine reason to raise prices. Once those prices were raised, even after those problems have been solved, they aren’t coming down unless people stop buying and there is a glut that has to be addressed by lowing them
It is possible to impose a minimum wage that supports a decent standard of living. And, it is possible to regulate commerce to control prices, it is done in other countries, but that is the last thing the Republicans want to see happen. They fight against any regulation of capitalism, because it’s an American right to be free of government interference, except in your religious rights, your medical decisions, your choice of reading materials and your bedroom.
I have lost 35 pounds this past year on the Inflation Diet, added to the fact that my rent when up $160 because the trailer park was bought by a Michigan company.
dadthedawg Premium Member 3 months ago
It’s just political economics…..
The dude from FL Premium Member 3 months ago
Looks like you’re doing OK, the stool can still hold you
Ubintold 3 months ago
How about gasoline?
seanfear 3 months ago
unless you’re in the UK (where the pound is the currency), then it’s the other way around
Jayalexander 3 months ago
I sweated mine off, can’t afford aircon.
Zykoic 3 months ago
Cumulative effects of one year of inflation, from my calculation, has reduced my buying power by 18%. In retirement and that is a big amount. Too much printed money and government corruption. When bureaucrats out number workers, the end is near.
markrunnj 3 months ago
There’s some truth in that. I stopped buying chocolates because of the price.
Kaputnik 3 months ago
Save money by not eating out, ever. Even at your favorite diner.
Which is rather depressing, of course.
Free or Not? Premium Member 3 months ago
That can’t be true, because Harris and Biden have fixed inflation and the ecomomy. And KAmala is gonna fix it again if she gets elected.
Uh oh, I don’t think they know what “fix” means.
Oh wait. Yes they do. ….the bad economy is a FEATURE and not a BUG!
HA! Eat it plebs!
This message has been approved by the Harris/Walz campaign.
LONNYMARQUEZ 3 months ago
my wife likes her fruit juice, it was 1.99 now it went up again to 3.29 have to wait for BOGO
khjalmarj 3 months ago
He looks adequately inflated to me.
SofaKing Premium Member 3 months ago
It’s corporate greed, not inflation. How else do you explain the soaring profits?
'IndyMan' 3 months ago
Then……..what are you doing at Roz’s, Cosmo. Take your troubles to your mechanic or Loon ! ! !
car2ner 3 months ago
decades ago, I was on Food Stamps for awhile. Yes, I called the last week my Food Stamp Diet.
DKHenderson 3 months ago
Does this mean that your scrawny little nephew is now in a state of starvation?
ncorgbl 3 months ago
Complaining about the economy while eating out at a restaurant, or while on vacation. Must be tough.
Diane Lee Premium Member 3 months ago
While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.It is simple minded to blame the administration currently in the White House for inflation, no matter what party that happens to be. We continue to pay, by far, the highest prices in the world for prescription drugs, and Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that were a genuine reason to raise prices. Once those prices were raised, even after those problems have been solved, they aren’t coming down unless people stop buying and there is a glut that has to be addressed by lowing them
It is possible to impose a minimum wage that supports a decent standard of living. And, it is possible to regulate commerce to control prices, it is done in other countries, but that is the last thing the Republicans want to see happen. They fight against any regulation of capitalism, because it’s an American right to be free of government interference, except in your religious rights, your medical decisions, your choice of reading materials and your bedroom.ArcticFox Premium Member 3 months ago
But he can sure afford not to eat.
C wolfe 3 months ago
I have lost 35 pounds this past year on the Inflation Diet, added to the fact that my rent when up $160 because the trailer park was bought by a Michigan company.
Mediatech 3 months ago
Food is so overrated.
Jack7528 3 months ago
And so many of the folks here say the economy is great! HA!
christelisbetty 3 months ago
He works ai a newspaper! He’s lucky he has a job.
Strawberry King 3 months ago
Poor guy looks like he hasn’t gotten much rest.
Strawberry King 3 months ago
Poor guy looks like he hasn’t gotten much rest.
serial232 3 months ago
Thank you Joey and Kamala.