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  1. #2351
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    Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey


    Consumers are picking up on the rise of inflation, and

    the Fed, which has been trying to heat up inflation, is pleased.

    The Fed watches “inflation expectations” carefully.

    The minutes from the March FOMC meeting mention “inflation expectations” 12 times.

    https://wolfstreet.com/2021/05/10/consumers-expect-surging-inflation-to-crush-the-purchasing-power-of-their-labor-feds-survey/

    Fed works for the oligarchy, as the oligarchy's ATM, that doesn't want Biden to raise it taxes,

    so the Fed raising interest rates to kill a million jobs on "expectations" of inflation

    will help the no-tax-on-oligrachy Repugs in the 2022 election.

    expectatations? G M A F B

    Inflation fear mongering propaganda from the oligarchy suckering naive Americans.

    Inflation is coming from pandemic-disrupted supply side, not the demand side.

  2. #2352
    dangerous floater Winehole23's Avatar
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    so what did the Fed say about raising rates?

  3. #2353
    dangerous floater Winehole23's Avatar
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    Federal government sends $15B to Texas for economic recovery. Here's where it will go.

    The money comes with fewer strings than previous batches of state and local COVID aid and will go directly to smaller cities for the first time. It can be used to plug revenue holes; hire public sector workers including teachers, police and firefighters; and fund housing, mental health, small business and other assistance programs. It can also go toward some infrastructure projects, such as expanding broadband, among other things.

  4. #2354
    Savvy Veteran spurraider21's Avatar
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    what would be wrong with that?

  5. #2355
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    A Record 768 Million U.S. Vacation Days Went Unused in ‘18, Opportunity Cost in the Billions


    https://www.ustravel.org/press/study...-cost-billions

  6. #2356
    dangerous floater Winehole23's Avatar
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  7. #2357
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    Heaven forbid we figure out what we're going to do with the trillions upon trillions upon trillions worth of unfunded liabilities Medicare is running before volunteering to pick up the tab for even more people. Alas, fiscal responsibility doesn't buy votes.......

  8. #2358
    絶対領域が大好きなんだよ baseline bum's Avatar
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    Would be nice if it passed. Just keep creeping that age down until we finally get Medicare For All.

  9. #2359
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    Heaven forbid we figure out what we're going to do with the trillions upon trillions upon trillions worth of unfunded liabilities Medicare is running before volunteering to pick up the tab for even more people. Alas, fiscal responsibility doesn't buy votes.......
    by getting people health care before 65, it will save $Ts

    Americans longevity only matches other wealthy countries for people above 65

  10. #2360
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  11. #2361
    dangerous floater Winehole23's Avatar
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    "enforcing the laws as written" seems to have a blind spot for certain things


  12. #2362
    dangerous floater Winehole23's Avatar
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    Heaven forbid we figure out what we're going to do with the trillions upon trillions upon trillions worth of unfunded liabilities Medicare is running before volunteering to pick up the tab for even more people. Alas, fiscal responsibility doesn't buy votes.......
    How are the two connected? One doesn't preclude the other.

    Nor is it clear why one long term funding issues need to be solved before Congress invests more on health care during an epochal pandemic. When you're putting out a house fire, you don't worry about the water bill.

  13. #2363
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  14. #2364
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    U.S. small business closures are ticking back toward Covid pandemic highs


    • According to a new report from Facebook and the Small Business Roundtable, 22% of U.S. small and medium businesses were closed in February.
    • At the peak in May, the pandemic saw 23% of small and medium businesses closed.
    • “It continues to be a very painful time for small businesses,” said John Stanford, co-executive director of the Small Business Roundtable.


    https://www.cnbc.com/2021/04/09/smal...mic-highs.html

  15. #2365
    dangerous floater Winehole23's Avatar
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    what a


  16. #2366
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    By republican standards, Abbott is late to this party tbh.......

  17. #2367
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    Repugs are bribed to be pro-Capital, so they are anti-Labor, blocking Federal free money is meant to punish unemployed back to ty jobs, low-pay, no benefits, no OT, no vacation, no sick days, which most of that falls on blacks and browns

  18. #2368
    dangerous floater Winehole23's Avatar
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    By republican standards, Abbott is late to this party tbh.......
    it's dumbern to to turn down the money

  19. #2369
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    it's dumbern to to turn down the money
    Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his announcement last week.

  20. #2370
    dangerous floater Winehole23's Avatar
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    Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his announcement last week.
    the connection between supplemental UI and people not returning to work is pure folklore

  21. #2371
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    the connection between supplemental UI and people not returning to work is pure folklore
    Tell that to Joe.

  22. #2372
    dangerous floater Winehole23's Avatar
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    Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his
    that conversation is bull . the connection between supplemental UI and people not returning to work in hospitality is pure folklore.


  23. #2373
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    Yet Joe is threatening people that if they get offered a job they need to take it, or else.

    And, the President and the Administration will reaffirm the basic rules of the unemployment insurance (UI) program. Anyone receiving UI who is offered a suitable job must take it or lose their UI benefits. A core purpose of the UI program is helping workers get back to work, and UI provides laid-off workers with temporary assistance to help pay bills and relieve hardship. By reaffirming these rules and purposes, the Administration will ensure that the UI program continues to support workers and facilitate hiring.
    https://www.whitehouse.gov/briefing-...eturn-to-work/

  24. #2374
    dangerous floater Winehole23's Avatar
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    Yet Joe is threatening people that if they get offered a job they need to take it, or else.



    https://www.whitehouse.gov/briefing-...eturn-to-work/
    normality theater, I don't answer for Joe.

  25. #2375
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    A democrat president and a bunch of republican governors all acting as if they share the same concern feels different than normality theater.

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