Drudge Retort: The Other Side of the News
Monday, April 22, 2019

Without workers being able to bargain for higher wages, inflation has stalled. While this might seem like a good thing, it weakens the economy and the buying power of workers.

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Also, old people are killing it.

#1 | Posted by BruceBanner at 2019-04-21 10:38 PM | Reply

I have said this before,

we export our inflation via trade deficits.

Growing U.S. trade deficit points to suppressed inflation: Kemp
www.reuters.com

#2 | Posted by AndreaMackris at 2019-04-21 11:53 PM | Reply

That's not a bad idea. It can be part of it. However, now we're paying trade war taxes so I don't buy it.

#3 | Posted by BruceBanner at 2019-04-22 12:34 AM | Reply

Not completely anyway

#4 | Posted by BruceBanner at 2019-04-22 12:34 AM | Reply

Then why is everything so expensive?

#5 | Posted by TFDNihilist at 2019-04-22 05:43 AM | Reply

#5 I have been thinking the same. I think inflation is happening but not in a big way, wages are moving in even slower, so we are still getting poorer every day. Plus they've been printing money for almost two decades, which makes us all poorer. Then the trade war has made many things more expensive.

#6 | Posted by BruceBanner at 2019-04-22 07:34 AM | Reply

Soooo....if the Capitalists and the Socialists are to blame, who do you recommend we call on to fix it?

#7 | Posted by MUSTANG at 2019-04-22 07:58 AM | Reply

-Then why is everything so expensive?

Like what?

#8 | Posted by eberly at 2019-04-22 08:12 AM | Reply

However, now we're paying trade war taxes so I don't buy it.

Eventually you have to pay the piper, one day all those US Dollars are going to make a roaring comeback, for instance, if they ever drop the PetrolDollar, or we attain too much debt.

You haven't seen inflation until you see that happen.....

#9 | Posted by AndreaMackris at 2019-04-22 09:49 AM | Reply

Then the trade war has made many things more expensive.

As Eberly points out like what?

Relative to 70s and 80s things just aren't that expensive, except asset inflation.

Cars, Food, Gas ... nothing consumable is as expensive as it was in the 80 and 70s

#10 | Posted by AndreaMackris at 2019-04-22 09:51 AM | Reply

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10

exactly. Now, in certain locales...rent, housing, etc..have experienced high inflation.

healthcare...high inflation.

"Then the trade war has made many things more expensive."

such as? can you be specific?

#11 | Posted by eberly at 2019-04-22 10:02 AM | Reply

# 11> The one thing that blows me away is what some of these kids are paying for on these 4-door crew-cab pickups. A 35 yr old driver I know has $73,000 invested in a Ford pickup super-crew. I told him people used to pay less than that for two story brick homes. LOL

#12 | Posted by shane at 2019-04-22 12:44 PM | Reply

Soooo....if the Capitalists and the Socialists are to blame, who do you recommend we call on to fix it?

#7 | Posted by MUSTANG

Does it need to be fixed?

#13 | Posted by Sniper at 2019-04-22 02:29 PM | Reply

#13 I just want to hear his answer

#14 | Posted by MUSTANG at 2019-04-22 02:35 PM | Reply

One of Snipe's better questions. It's a bit ridiculous to justopose capitalists and social Democrats when the entity legally responsible for managing inflation is the Federal Reserve. It's half their job, literally the only thing they care about, and they cannot steer the ship.

#15 | Posted by bayviking at 2019-04-22 03:31 PM | Reply | Newsworthy 1

#15 To be clear, he didn't juxtapose capitalists with social Democrats. Social Democrats ARE capitalists. He juxtaposed them with Socialists, which is something entirely different and more sinister. Do not fall victim to the linguistic similarity. It's a trap.

#16 | Posted by MUSTANG at 2019-04-22 04:03 PM | Reply | Funny: 1 | Newsworthy 1

One of Snipe's better questions. It's a bit ridiculous to justopose capitalists and social Democrats when the entity legally responsible for managing inflation is the Federal Reserve. It's half their job, literally the only thing they care about, and they cannot steer the ship.

#15 | Posted by bayviking

considering how much inflation we have had in the past 100 years they have done a real crappy job and yes, they have a hand on the wheel. About all inflation is doing is reducing the value of the national debt.

#17 | Posted by Sniper at 2019-04-22 05:30 PM | Reply


@#2 ... suppressed inflation ...

With all the talk of inflation as such a seemingly critical measurement, why isn't there any talk of how inflation is measured?

Measuring inflation: What's changed over the past 20 years? What hasn't?
www.brookings.edu

Measuring Inflation Accurately
www.heritage.org

I like the differing approaches of those two sites.

Brooking Institute, which is usually regarded as a center-left site, tries to educate.

Heritage Foundation, a right wing site, tells you what to do.

:)

#18 | Posted by LampLighter at 2019-04-22 10:47 PM | Reply


@#17 ... About all inflation is doing is ...

Have you ever thought about why the Federal Reserve targets a 2% inflation rate?

Why do they do that?

#19 | Posted by LampLighter at 2019-04-22 10:49 PM | Reply

#6 | Posted by BruceBanner

Because inflation is only measured by the price of certain things that each administration gets to pick and choose. Consumer Price Index

I see better examples in other countries.

#20 | Posted by GalaxiePete at 2019-04-23 01:14 PM | Reply

-Then why is everything so expensive?

Like what?

#8 | Posted by eberly

TFD isn't the only one noticing it. I noted price increases on a lot of what I buy in the 7-10% range over the weekend when I was at Sam's Club. Like pretty much everything I buy there regulary went up. Then when I went to my favorite Grocery Store I noticed some things were up but others were still the same. For example everywhere I went my favorite Beers were all up 10% or more. The pre-made protein drink I use for after workouts sometimes was up 9%. Toilet Paper went up 7%. etc.

My wages went up 2.5% - we don't get COLA just "merit" raises and I received what my company thinks is a big one.

#21 | Posted by GalaxiePete at 2019-04-23 01:20 PM | Reply

Then the trade war has made many things more expensive.
As Eberly points out like what?

#10 | POSTED BY ANDREAMACKRIS AT 2019-04-22 09:51 AM | FLAG:

exactly. Now, in certain locales...rent, housing, etc..have experienced high inflation.
healthcare...high inflation.
"Then the trade war has made many things more expensive."
such as? can you be specific?

#11 | POSTED BY EBERLY AT 2019-04-22 10:02 AM | FLAG:

Who Pays for Tariffs and Trade Restrictions? Consumers Do.
www.forbes.com

Amid much fanfare and in his wave of protectionist fervor, President Trump has promised that the Chinese would pay and pay dearly for the right to sell us stuff. New research by economists at the Federal Reserve Board and the University of Chicago confirms what economists teach about tariffs and trade restrictions in principles of economics classes: consumers are the ones who pay.

And we pay dearly. According to a new paper by Aaron Flaaen, Ali Hortacsu, and Felix Tintelnot, 2018 tariffs on washing machines raised washer and dryer prices by about 12%. The annual cost to US consumers is about $1.5 billion, and the tariffs bring in about $82 million. As intended, the tariffs created about 1,800 new jobs--but even after accounting for the tariff revenue, each new job created costs American consumers "roughly $820,000 per job created."

That $820,000 per job isn't a one-time cost, either. It's annual. This means that consumers would actually be big winners (from this point forward, anyway) if we could find all of the people with these new jobs, pay them $500,000 per year never to work again, and got rid of the tariffs.


#22 | Posted by BruceBanner at 2019-04-23 02:29 PM | Reply

It turns out that companies just add the tariff cost into their items. On top of that, the domestic brands up their prices because the foreign brands are more expensive!!!

#23 | Posted by BruceBanner at 2019-04-23 02:30 PM | Reply

#15 To be clear, he didn't juxtapose capitalists with social Democrats. Social Democrats ARE capitalists. He juxtaposed them with Socialists, which is something entirely different and more sinister. Do not fall victim to the linguistic similarity. It's a trap.

#16 | POSTED BY MUSTANG AT 2019-04-22 04:03 PM | FLAG: | NEWSWORTHY 1

According to the article, wage suppression and taking away worker access to wage increases is what contributes to low inflation because people aren't able to spend more.

It's not a trap, it's a fact that both democratic socialists and far right folks want to keep people poor and working for the next handout. The Amazon story was a good example of that.

#24 | Posted by BruceBanner at 2019-04-23 02:32 PM | Reply

-TFD isn't the only one noticing it. I noted price increases on a lot of what I buy in the 7-10% range over the weekend when I was at Sam's Club. Like pretty much everything I buy there regulary went up. Then when I went to my favorite Grocery Store I noticed some things were up but others were still the same. For example everywhere I went my favorite Beers were all up 10% or more. The pre-made protein drink I use for after workouts sometimes was up 9%. Toilet Paper went up 7%. etc.
My wages went up 2.5% - we don't get COLA just "merit" raises and I received what my company thinks is a big one.

I remember reminding folks that wage increases would generate inflation at Sams and other places where items like that are sold. I was accused of being a scrooge and a buzz kill.

Yes, as we raise minimum wage and other wages go up....so will Groceries, beer, and toilet paper.

#25 | Posted by eberly at 2019-04-23 03:04 PM | Reply

-It turns out that companies just add the tariff cost into their items. On top of that, the domestic brands up their prices because the foreign brands are more expensive!!!

Okay, I see what you are saying. Tariffs. But not that many items you buy are subject to that.

And I've been seeing the left clamor for fair trade because of jobs.

This is how it goes.....

#26 | Posted by eberly at 2019-04-23 03:06 PM | Reply

-It turns out that companies just add the tariff cost into their items. On top of that, the domestic brands up their prices because the foreign brands are more expensive!!!

Another note.....this was completely predicted. Right here on this blog, in fact.

I saw one poster after another claim they were willing to pay more for an item if it benefited American workers.

Where is the love now?

#27 | Posted by eberly at 2019-04-23 03:08 PM | Reply

Housing, healthcare and higher education are all far more expensive than they were in the 70s and 80s, even accounting for inflation. When you adjust wages for inflation over the same period, they are basically flat.

#28 | Posted by JOE at 2019-04-23 03:19 PM | Reply | Newsworthy 1

"I saw one poster after another claim they were willing to pay more for an item if it benefited American workers."

Paying more for an American made item doesn't benefit American workers.

It benefits their bosses.

"Where is the love now?"

Where is the fundamental understanding of economics?

#29 | Posted by snoofy at 2019-04-23 03:32 PM | Reply

#29 - You don't have a leg to stand on when you oppose workers taking a larger share of income.

#30 | Posted by BruceBanner at 2019-04-23 03:41 PM | Reply

For example everywhere I went my favorite Beers were all up 10% or more. The pre-made protein drink I use for after workouts sometimes was up 9%. Toilet Paper went up 7%. etc.

Barley is more expensive due to tariff, commodity raw materials are up.

Housing, healthcare and higher education are all far more expensive than they were in the 70s and 80s ~ Joe

All government controlled ... all have government money on the demand side, and strict control of resources on the supply side (AMA working with Government).

When you adjust wages for inflation over the same period, they are basically flat.

Again immigration, especially in unskilled labor .... People used to be able to work from unskilled to skilled and on to management in same company. Today there is so much turnover this "pipeline" doesn't happen.

It turns out that companies just add the tariff cost into their items. On top of that, the domestic brands up their prices because the foreign brands are more expensive!!!

Tariffs, trade deficits and inflation, are interrelated.

Its important to look at 5-6 months ago ....
www.marketwatch.com

And the future .... trade deficit doesn't look too good, inflation will be less
www.kiplinger.com

What probably isn't brought up, its not so much that you have "inflation" or not, its the rate of change, that is the issue.

Our economy is surging, and the dollar is strong, making tariffs difficult to work, they have localized affects.

And I've been seeing the left clamor for fair trade because of jobs.

I argue for it as well ... :-) But, what the "left" leaves out is the need to control the influx/change of unskilled labor, for it to work properly.

#31 | Posted by AndreaMackris at 2019-04-23 03:41 PM | Reply | Newsworthy 1

Paying more for an American made item doesn't benefit American workers. ~Snoofy

Because its probably made by an illegal immigrant with a work visa?

#32 | Posted by AndreaMackris at 2019-04-23 03:42 PM | Reply

-Paying more for an American made item doesn't benefit American workers.
It benefits their bosses.

Thanks Mr. Obvious. That has been soundly rejected by folks like yourself for years. Now you get it.

-Where is the fundamental understanding of economics?

No ----...you just got smarter.

I've read "We want fair trade, not free trade" thousands of times here. I wonder if anybody who said that really understood it.

#33 | Posted by eberly at 2019-04-23 03:42 PM | Reply

Where is the fundamental understanding of economics?
#29 | POSTED BY SNOOFY

Where is your fundamental understanding of reality?

#34 | Posted by AndreaMackris at 2019-04-23 03:43 PM | Reply

Sadly, BruceBanner, most workers don't take a larger share of income.

"Since 1975, practically all the gains in household income have gone to the top 20% of households."

Remember?

#35 | Posted by snoofy at 2019-04-23 03:43 PM | Reply | Newsworthy 1

"All government controlled"

Housing prices, healthcare, and education prices are all government controlled? In what bizarro world???

#36 | Posted by Danforth at 2019-04-23 03:44 PM | Reply

I wonder if anybody who said that really understood it.
#33 | POSTED BY EBERLY

I do .. I have no problem with it ...

Bu as I stated, you can't just change one variable...

#37 | Posted by AndreaMackris at 2019-04-23 03:44 PM | Reply

Remember?
#35 | POSTED BY SNOOFY

Keep the borders open ... your memory will get jogged soon enough.

#38 | Posted by AndreaMackris at 2019-04-23 03:45 PM | Reply

Housing, healthcare and higher education are all far more expensive than they were in the 70s and 80s, even accounting for inflation.

Housing....depends entirely on where it is...but in many areas...you're right.

but the rest...yes, absolutely.

Go back and answer the question in #5. Why....

#39 | Posted by eberly at 2019-04-23 03:46 PM | Reply

"-Paying more for an American made item doesn't benefit American workers.
It benefits their bosses.

Thanks Mr. Obvious. That has been soundly rejected by folks like yourself for years. Now you get it."

Uh, no, Eberly.

I'm the one who's been saying

"Since 1975, practically all the gains in household income have gone to the top 20% of households."

Been saying it for about a decade now.

#40 | Posted by snoofy at 2019-04-23 03:46 PM | Reply

Housing prices, healthcare, and education prices are all government controlled? In what bizarro world???
#36 | POSTED BY DANFORTH

Housing is zoned
Healthcare - government is supplying most of the money, and regulation is high
Higher education - government is supplying almost all the money, and its "free"...

Where is the government not involved?

Is it really that "bizzaro" to an economics professor?

Reminds me of "BackToSchool" .. you live in fantasyland....

#41 | Posted by AndreaMackris at 2019-04-23 03:47 PM | Reply | Newsworthy 1

I'm the one who's been saying
"Since 1975, practically all the gains in household income have gone to the top 20% of households."

actually, you just re-quoted someone else who actually said that.

and it's true...so I'm not challenging it.

but repeating that quote doesn't further any argument.

#42 | Posted by eberly at 2019-04-23 03:49 PM | Reply

-Housing prices, healthcare, and education prices are all government controlled? In what bizarro world???

I wouldn't say "government controlled" but it's a factor.

the banking/mortgage bailout? that impacted housing prices

healthcare? Medicare is a large payor of medical claims

Education prices....yes...very much govt controlled.

#43 | Posted by eberly at 2019-04-23 03:53 PM | Reply

"but repeating that quote doesn't further any argument."

It furthers correcting your mischaracterizaion of my views.

#44 | Posted by snoofy at 2019-04-23 03:54 PM | Reply

Because its probably made by an illegal immigrant with a work visa?

#32 | POSTED BY ANDREAMACKRIS AT 2019-04-23 03:42 PM | FLAG:

If one looks at the number of visas and who they are going to, this can not be the explanation. Plus, the visa has to go to someone who is earning as much as an american would. The company has to prove this.

#45 | Posted by BruceBanner at 2019-04-23 03:54 PM | Reply

Sadly, BruceBanner, most workers don't take a larger share of income.
"Since 1975, practically all the gains in household income have gone to the top 20% of households."
Remember?

#35 | POSTED BY SNOOFY AT 2019-04-23 03:43 PM | FLAG:

Bernie and AOC would make sure of that. So would you. All three of you oppose paying workers more. That is a fact.

#46 | Posted by BruceBanner at 2019-04-23 03:55 PM | Reply | Funny: 1

"the banking/mortgage bailout? that impacted housing prices"

The bailout?
LOL.
How about the thing that got bailed out.
Did that have any impact on home prices?

#47 | Posted by snoofy at 2019-04-23 03:56 PM | Reply

Go back and answer the question in #5. Why....

I already did. Wages are flat while the major life expenses i listed cost more. Flat wages is the "why."

#48 | Posted by JOE at 2019-04-23 03:56 PM | Reply

"All three of you oppose paying workers more. That is a fact.
#46 | POSTED BY BRUCEBANNER"

Not at all.

I favor increasing the Federal minimum wage, I favor the poorest states enacting a State minimum wage (much of the Red South doesn't have one) and linking minikum wage to some index, say, Congressional pay.

#49 | Posted by snoofy at 2019-04-23 03:59 PM | Reply | Newsworthy 1

"Housing is zoned"

So? That doesn't mean government controls the prices.

Healthcare - government is supplying most of the money..."

No they're not.

"Higher education - government is supplying almost all the money..."

No they're not. Clearly you're just making ---- up.

"Where is the government not involved?"

You're pretending any involvement at all equals control. That's silly on its face.

#50 | Posted by Danforth at 2019-04-23 04:00 PM | Reply

48

Joe, you crack me up.

47

the bailout kept the same banks who caused the housing crisis to keep doing what they were doing which has resulted in more insane housing inflation in many parts of the country.

#51 | Posted by eberly at 2019-04-23 04:03 PM | Reply | Newsworthy 1

--Education prices....yes...very much govt controlled.

Just wait for "free" college tuition. If you think administrative bloat and tuition inflation is bad now...

Imagine a campus with more college deans than professors...it's easy if you try.

#52 | Posted by nullifidian at 2019-04-23 04:07 PM | Reply

you crack me up.

Epic response, bro. Do you really not understand?

Cost goes up. Wage stays the same, which makes cost feel like even more than it is.

Not that hard.

#53 | Posted by JOE at 2019-04-23 04:09 PM | Reply

"the bailout kept the same banks who caused the housing crisis to keep doing what they were doing which has resulted in more insane housing inflation in many parts of the country."

When banks keep doing the things that banks do, is the government the reason the banks keep doing those things, or is banks the reason the banks keep doing those things?

#54 | Posted by snoofy at 2019-04-23 04:13 PM | Reply

I favor increasing the Federal minimum wage, I favor the poorest states enacting a State minimum wage (much of the Red South doesn't have one) and linking minikum wage to some index, say, Congressional pay.

#49 | POSTED BY SNOOFY AT 2019-04-23 03:59 PM | FLAG:

While saying the poor should have more money, you also say folks don't need to earn more than the average. That's an important second half of the policy. It's a deceit by omission to leave it out.

#55 | Posted by BruceBanner at 2019-04-23 04:16 PM | Reply

"Education prices....yes...very much govt controlled."

Really???

Remind me the last time a University Chancellor was voted in or out of office.

#56 | Posted by Danforth at 2019-04-23 04:27 PM | Reply

Nice headline edit, RCADE. Swooping in to the rescue.

#57 | Posted by MUSTANG at 2019-04-23 06:24 PM | Reply

"Is it really that "bizzaro" to an economics professor? "

It is, since none of the things you've claimed exist, at least not in this world.

Again: no elected officials set tuition prices. Neither the Chancellor nor the board members are subject to public elections. Where is the "government control", other than in your fevered dreams?

And statements the government pays most of the healthcare money or the education money are patently false; a simple Google search would've shown as much.

But who needs facts or truth, right Mackris?

#58 | Posted by Danforth at 2019-04-23 06:47 PM | Reply

"While saying the poor should have more money, you also say folks don't need to earn more than the average.
#55 | POSTED BY BRUCEBANNER"

When did I ever say that?
???

#59 | Posted by snoofy at 2019-04-23 07:07 PM | Reply

"Reminds me of "BackToSchool" .. you live in fantasyland...."

So were you planning on citing a Chancellor recently voted out of office, or are you posting from Magic Unicornville?

#60 | Posted by Danforth at 2019-04-23 07:07 PM | Reply

"Back To School"

This Rodney Dangerfield movie is a classic, notably for Sam Kinison 's portyayal as a Vietnam Vet turned history teacher, living in a van down by the river.

Turns out it's also a treatise on Conservative education philosophy. Housing, too.

#61 | Posted by snoofy at 2019-04-23 07:10 PM | Reply

--are you posting from Magic Unicornville?

Hollywood?

#62 | Posted by nullifidian at 2019-04-23 07:17 PM | Reply

"Hollywood?"

No, the government doesn't pay the majority of health care or education in Hollywood...nor do they control housing prices.

Any support for Mackris? Any citations of Chancellors being voted out of office, or the government paying most of the healthcare & education bills, or the government controlling housing prices?

Any?

#63 | Posted by Danforth at 2019-04-23 07:25 PM | Reply

So literal minded, as usual. Hollywood in the cultural, symbolic sense as a land of make believe, or magical unicorns, not the geographic entity.

#64 | Posted by nullifidian at 2019-04-23 07:30 PM | Reply

"Hollywood in the cultural, symbolic sense as a land of make believe, or magical unicorns"

Sounds more like Mar-A-Lago to me.
Where the magical unicorns cross work for less than minimum wage, and President Donald J. Trump make believes he's a decent golfer.

#65 | Posted by snoofy at 2019-04-23 07:35 PM | Reply

The class war on wages killed inflation. This war is waged by a small group of Capitalists that control the money supply. They also have a responsibility to keep unemployment down. It looks like they're doing a terrific job at the moment. But, both numbers are not as good as usually reported. Shadowstats reports actual unemployment hangs closer to 20 percent and we've seen where gas and housing has gone. The only topics in politics are money and morality. Lying is relentless for money.

#66 | Posted by bayviking at 2019-04-23 07:42 PM | Reply

You'd have to be a moron to think inflation has stalled.

Sure, TV's are cheaper, but look at big purchases that cost a material amount: Cars, education, healthcare, housing.

All are inflated well beyond relative wages.

#67 | Posted by IndianaJones at 2019-04-23 07:52 PM | Reply

"Shadowstats reports actual unemployment hangs closer to 20 percent"

Does that pass the smell test where you live? One in five unemployed???

#68 | Posted by Danforth at 2019-04-23 07:59 PM | Reply

"So literal minded, as usual. Hollywood in the cultural, symbolic sense as a land of make believe"

In that case, it fits perfectly with Mackris's made-up lies. Claiming the government pays for most of healthcare and education might as well been invoked via CGI. Same with the pretense government controls housing prices.

But, if it's a lie in service of your agenda, that's okay...right?

#69 | Posted by Danforth at 2019-04-23 09:07 PM | Reply

www.shadowstats.com

www.shadowstats.com

#70 | Posted by bayviking at 2019-04-24 12:21 AM | Reply

Ridiculous premise. Grocery food and restaurant food up 20% from two years ago.

#71 | Posted by e1g1 at 2019-04-24 12:49 AM | Reply

E1G1,

What have you been reading? 2% is not 20% nor is 4%.

#72 | Posted by bayviking at 2019-04-24 01:27 AM | Reply

Bernie and AOC would make sure of that. So would you. All three of you oppose paying workers more. That is a fact.

#46 | Posted by BruceBanner at 2019-04-23 03:55 PM |

Your such a FHKING liar. Bernie was the candidate that pushed for $15 minimum wage so did AOC

#73 | Posted by PunchyPossum at 2019-04-24 02:49 AM | Reply

#73 you didn't read my comments properly punchy. I'm only repeating what you and Snoofy told me, plus what AOC and Bernie said themselves.

#74 | Posted by BruceBanner at 2019-04-24 06:58 AM | Reply

28, Joe, I get housing prices increase due to locality. The more people want to live there, the more likely people will pay more.

I dont want to touch healthcare as that might derail the discussion.

Higher education. IMO, this isnt affected by tarriffs, is way passed inflation figures, so why is college so bloody expensive.

I am told teaching pay sucks, even for college professors. So, where is the reason for the higher cost and who is getting it???

#75 | Posted by Petrous at 2019-04-24 08:04 AM | Reply

the bailout kept the same banks who caused the housing crisis to keep doing what they were doing which has resulted in more insane housing inflation in many parts of the country.

#51 | POSTED BY EBERLY

Congress passed laws to prevent bank from doing what they did that caused the financial crisis.

Republicans have done everything they can to roll those laws back.

Not saying that it was a perfect solution. But Democrats did try to fix the underlying problem. Republicans just want to perpetuate it.

#76 | Posted by gtbritishskull at 2019-04-24 08:48 AM | Reply

Higher education. IMO, this isnt affected by tarriffs, is way passed inflation figures, so why is college so bloody expensive.
I am told teaching pay sucks, even for college professors. So, where is the reason for the higher cost and who is getting it???

#75 | POSTED BY PETROUS

Because they have to be "competitive". Public funding of Universities have been cut sharply by conservatives over the years, so those Universities need to make up the difference somewhere. The best way to do that is to attract "full-tuition" (as opposed to "in-state tuition") students. To do that they need to be "competitive". That means marketing departments, recruiting, promoting sports teams, high tech and modern infrastructure, and all the administrative overhead that those things entail.

Republicans wanted universities to act more like businesses, so they have. Instead of their goal being to "offer the best education", their goal has become "attract the most and best students".

Republicans always claim they want more things to "act like businesses". And it almost always ends up destroying a lot of the good aspects of those things (colleges, healthcare, public services).

Capitalism is a very powerful tool, but it is not the solution for everything. The problem is that conservatives have an almost religious association with Capitalism (they truly seem to think it is a "gift from god") such that they believe that the best solution to everything is unadulturated capitalism, regardless of any evidence to the contrary.

#77 | Posted by gtbritishskull at 2019-04-24 09:07 AM | Reply

Education inflation is linked to the Republican campaign to privatize education and turn it into a profit center for the very rich, or at least kill any public subsidies. This problem is further aggrevated by a growth in high pay administrative jobs dedicated to cutting teachers wages and benefits while they raise their own and pour ever more money into televised sports events instead of education.

#78 | Posted by bayviking at 2019-04-24 09:12 AM | Reply

Is the funding to universities from Fed, State, or both.

I hear you about cutting funds off, but not all States are conservative controlled.

If the conservative States cut fubding to the colleges, then the other States should be cheaper.

Or, did all States cut funding?

Some colleges are private, but public colleges rely on who for money? Obviously, red and blue States screwed the colleges?

#79 | Posted by Petrous at 2019-04-24 10:52 AM | Reply

1972 Datsun 510 $2000 new.
1978 Ford F150 15000 miles $2000.
1975 gas 30 cents a gallon.
1975 cup of strawberries 30 cents.
1975 lb of chicken 49 cents.

#80 | Posted by bayviking at 2019-04-24 11:49 AM | Reply

1972 University Utah tuition $180/quarter.

1985 California Junior College tuition cost $13/unit.

#81 | Posted by bayviking at 2019-04-24 11:54 AM | Reply

From 1972 to present, the Democrats and Republicans have controlled the House, Senate, and the White House. At times, each party controlled all three.

Neither party has an excuse for failing to act. Blaming the other is too common an excuse for failure.

#82 | Posted by Petrous at 2019-04-24 11:55 AM | Reply

Education inflation is linked to the

#78 | POSTED BY BAYVIKING AT 2019-04-24 09:12 AM | REPLY

$1.4 trillion in US government guaranteed student loan debt that has piled up across multiple administrations.

This is not a "THEY DID IT!" issue. This is what happens when bi-partisanship hands out easy debt with no accountability.

#83 | Posted by sitzkrieg at 2019-04-24 12:01 PM | Reply | Newsworthy 1

1972 Datsun 510 $2000 new.
1978 Ford F150 15000 miles $2000.
1975 gas 30 cents a gallon.
1975 cup of strawberries 30 cents.
1975 lb of chicken 49 cents.

#80 | POSTED BY BAYVIKING AT 2019-04-24 11:49 AM | FLAG: You forgot one - Minimum Wage was $1.60.

#84 | Posted by MSgt at 2019-04-24 12:19 PM | Reply

"You forgot one - Minimum Wage was $1.60."

Minimum wage is now $7.25. About five times that.

You think you can get a F-150 with 15k miles for $10k?

Or gas for $1.50?

LOL.

#85 | Posted by snoofy at 2019-04-24 01:28 PM | Reply | Newsworthy 1

It's silly to link inflation to minimum wage when it's already accepted and established that minimum wage hasn't kept up with inflation.

#86 | Posted by eberly at 2019-04-24 01:53 PM | Reply | Newsworthy 1

"Shadowstats"

I get what they're saying, I just don't see any other indicators that 1 in 5 are unemployed. Do you?

#87 | Posted by Danforth at 2019-04-24 02:03 PM | Reply

So, where is the reason for the higher cost and who is getting it???

#75 | POSTED BY PETROUS

Admins and coaches.

Saying there is no inflation if you take out the most inflated goods and services is like saying trump won the popular vote if you remove the two most populous democratic leaning states.

Sure its technically true, but it doesn't mean jack ----.

#88 | Posted by IndianaJones at 2019-04-24 03:05 PM | Reply

#87 The higher unemployment number includes people working part time with no benefits that want a full time job with benefits. That is a BIG number.

#89 | Posted by bayviking at 2019-04-24 04:01 PM | Reply

"The higher unemployment number includes people working part time with no benefits that want a full time job with benefits"

IOW, they're going to move the goalposts, and then compare two dissimilar numbers. Unemployment numbers in the past haven't included the underemployed...but we're changing that for the good of the argument...right?

For example, include folks with full-time jobs among the unemployed, and the unemployment numbers skyrocket even more!

#90 | Posted by Danforth at 2019-04-24 04:09 PM | Reply

"It's silly to link inflation to minimum wage when it's already accepted and established that minimum wage hasn't kept up with inflation."

Linking minimum wage to inflation would... wait for it... cause minimum wage to keep up with inflation.

#91 | Posted by snoofy at 2019-04-24 04:31 PM | Reply

I have said this before,
we export our inflation via trade deficits.
Growing U.S. trade deficit points to suppressed inflation: Kemp
www.reuters.com

#2 | POSTED BY ANDREAMACKRIS

And I thought Trump was going to bring down the Trade Deficit, not cause it to jump 25% since Obama left office?

#92 | Posted by Sycophant at 2019-04-24 05:57 PM | Reply

Nobody knew trade deficits could be so complicated.
~Donnie Littlehands

#93 | Posted by Danforth at 2019-04-24 06:01 PM | Reply

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