no one has the balls to go full Reagan and pump rates so high you force inflation to commit seppuku in shame. rate cuts? lol. we need a 3% hike.

Biden is just going to try to paint Trump as an insane and unstable dictator. Trump helps him out with that given his public persona.

Under normal circumstances, I would say that gas prices dropping in November will help Biden. However, apparently Biden has almost completely depleted our strategic supply of oil.

"$20 for a full tank, do you miss me?"



Its amazing what happens to the economy if oil prices surge even as much as 10%.

Were at +50% right now.

This post was edited by EndlessSky on Apr 11 2024 08:57am

Unless there's significant intervention regardless of inflation or not at the rate that large companies are growing larger via the route of acquiring everything, profitable or not the service and goods industry are going to be controlled by so few players I suspect we will see rising prices regardless. Its in tech, its in consumer staple goods likes groceries, its in drugs, its across virtually every industry now. I can't predict 50 years from now, but at this trajectory it certainly feels were going to end up with just 2-3 behemoths in each industry that control virtually everything and dictate price.

From a political front, is their that much swing now? Seems political tribalism is stronger than its ever been before regardless of how an administration is performing. I realize it dosen't take that much for a swing state though which can ultimately dictate the result. Given trumps history, I suspect it will just be something very basic that's easy for his masses at political rallies. Like you said, Inflationjoe or along those lines.

Sorry I was not clear, when I speak to political tribalism, and if there is or isnt much swing. What I am referring to is, the people that would be influenced by such low level pandering and silly phrases like Inflationjoe. Are those people really the ones that are just on the cusp of switching parties? I wouldn't think so at this point in time. Those people chanting that are getting onboard with that type of thing are well entrenched into a single party at this point.

just like they want. we'll debate stupid social issues or foreign wars, while they buy everything. everywhere i go i see a vanguard white subaru crosstrek. ive seen 3-4 on a single block before. people thought Zillow buying up real estate was bad, lol.

We're much smaller here in Canada but we have seen nothing but huge consolidation across industries in the last 35 years here. The days of every province having its own or multiple telecom providers, grocery chains, pulp and paper companies, agricultural companies, etc. It's dead. It's all consolidated into just a few national sized companies that consume the vast majority of market share in every province.

This post was edited by SBD on Apr 11 2024 10:13am

Our oil reserves are low due to selling off some of our reserve to keep gas prices from going out of control after the Ukraine war started. The reserves still have a lot left & they're actively buying more back.

This lacks two key details.

Trump's America was energy independent. We had the capacity to produce 100% of our own oil while maintaining the strategic supply. Under Biden, regulations and lack of permits have stifled oil drilling.

Back then around 2018, our reliance on Russian oil was about 7%, but back then we weren't reliant on Russian oil because our own domestic production was so high.

Ukraine accounts for maybe 10% of the increase in price, due to supply shocks in the rest of the world, but the rest comes from bad domestic environmental policies. The price is 50% more than it was in 2018. Ukraine isn't enough to justify that much of a price difference.

I remember the good ole days. Taco Bell Meal deal for a couple bucks. Now it's not on menu and smaller portions more expensive 'healthy' nonsense has replaced everything.

A lot of the McDonalds menu doubled in price in 10 years
Even subway stopped doing $5 subs and they are the least hiked prices



This is enough for any president to be raked over the coals



Also get used to the new line appearing in fast food ordering, already on Dominos.com: "Deal not available in California"

This post was edited by Goomshill on Apr 11 2024 12:32pm