Average Americans are paying as much as $100 to $200 for a single concert ticket, $90 for a bottle of wine, and $5 a gallon for gas. https://t.co/rTciIVOEfn
hmm, how come I can't get that tweet to display properly?
Well, no one can now, they deleted the tweet.
A previous version of this report inaccurately implied that $5-a-gallon gasoline, $90 bottles of wine and $200 concert tickets were typical purchases of late among average Americans. The story has been corrected.
Clearly the right is effective at scaremongering. If your outrage is expended now, any thoughts about how to counter the rhetoric?
I'm less concerned with opposition rhetoric than I am with the media buying into it. But both need to be countered.
Inflation is a tough one to talk down. It's too complicated (especially today's version) to try and explain away with catchy sound bites. For those with memories of the 70's, they don't remember (or even ever knew) that the "solution" was to put us into an awful recession in the early 80's. Of course, our current situation isn't even close to that of the 70's.
If inflation doesn't calm down reasonably soon it'll be the biggest issue for Nov. 2022.
It’s true that this could be a big issue. The combination of the Spring stimulus, the pent up-demand, and the supply chain stuff makes this a real political challenge. Even more so if BBB passes, pumping more money into the economy.
And before I’m vilified for suggesting that, I agree with Brooks that it is worth it. Interesting that there are no substantive responses to that column.
I mean, yes -- and it would probably work. But, OTOH, it's hard to imagine Congress raising taxes as an inflation-fighting measure, isn't it? The de-emphasis of monetary policy in favor of fiscal policy makes sense, academically, but seems naive at best when applied to the real world.
I mean, yes -- and it would probably work. But, OTOH, it's hard to imagine Congress raising taxes as an inflation-fighting measure, isn't it? The de-emphasis of monetary policy in favor of fiscal policy makes sense, academically, but seems naive at best when applied to the real world.
There was some semi-reassuring -- and comprehensible! -- commentary on inflation, from an actual economist, on On The Media today. About 20 min. and probably online already. (Potentially error-ridden transcript will probably be up by the end of the week.)
Marketwatch has deleted the tweet that I posted in the OP (which might explain why it's not displaying correctly.)
(also, does anyone else think that Kai Ryssdal is the smarmiest sounding voice on radio? It's like he's always talking from behind a pandering smile.)
CORRECTION: MarketWatch deleted an earlier tweet that inaccurately implied that $5-a-gallon gasoline, $90 bottles of wine and $200 concert tickets were typical purchases of late among average Americans. The story has been corrected.https://t.co/Y8kBdRHPKIpic.twitter.com/n48rruC9h7
Fox & Falcon has 12 wings for $28, and fish tacos for $31.
Now THAT’S scary.
Yeah, the pricing in whatever restaurant has occupied that space for the last 20 years has been ridiculous.
The legendary $18 burger is now $20, but the reason why their strip steak is $50 is because they fly Salt Bae over to add a little extra seasoning on it every time you order one.
Fox & Falcon has 12 wings for $28, and fish tacos for $31.
Now THAT’S scary.
Yeah, the pricing in whatever restaurant has occupied that space for the last 20 years has been ridiculous.
i will say that F&F is much improved versus South Mtn Tavern and Ricalton's, which were both rubbish imo. It's a big check at Fox but at least the food and service are generally good/ very good, so I don't feel like I just got hosed when I walk out of there like I used to at the previous iterations.
that said, some of the numbers on the menu jumped out at me when I stopped in last week for the first time in a while. Ouch.
I am just fascinated by the editorial process that chose this particular picture to headline this inflation piece.
An obese Trump voter with a turkey and 7 or 8 cases of soda, complaining about the high cost of Thanksgiving. (details in the article)
GUYS, the Times wrote a piece abt inflation (I know, right??) and said it "could" hurt Dems in elections that are 345 days away.https://t.co/gUUzteryvx
and, btw, the article never mentions that this family is getting at least $300 a month (depending on number of children) in additional child tax credits, which would more than make up for the rise in inflation.
I agree this is reasonable. And I agree that the Republicans do a better job of scaremongering.
Thing is, a few weeks ago some of us argued that Biden needed to do a better job selling his policies. We were met with “the policies are already popular”, and “I don’t even know what’s in the BBB, but who cares?”
Disinformation needs to be countered. If the media isn’t doing it, the Dems need to do it.
I agree this is reasonable. And I agree that the Republicans do a better job of scaremongering.
Thing is, a few weeks ago some of us argued that Biden needed to do a better job selling his policies. We were met with “the policies are already popular”, and “I don’t even know what’s in the BBB, but who cares?”
Disinformation needs to be countered. If the media isn’t doing it, the Dems need to do it.
if it's not being reported by the media, how will people know what the Democrats are saying?
are you kidding me?