Bidenflation Is Even Worse Than You Think

Submitted ⁨⁨8⁩ ⁨months⁩ ago⁩ by ⁨PeepinGoodArgs@reddthat.com⁩ to ⁨conservative@lemm.ee⁩

https://pjmedia.com/chris-queen/2024/03/13/bidenflation-is-even-worse-than-you-think-n4927264

To get a clearer picture of what Bidenflation looks like, we need to compare prices between now and when Biden took office. That’s what TIPPinsights did, and the results show you that Bidenflation isn’t just worse than the White House wants you to believe — it’s worse than you might have realized.

Food prices increased by 20.6% under Biden compared to only 2.2% as per BLS CPI, a difference of 18.5 points.

TIPP CPI data show that Energy prices increased by 29.6%. But, according to the BLS CPI, energy prices improved by 1.9%. The difference between the two is a whopping 31.5 points.

The Core CPI measures the price increase for all items, excluding food and energy. In the year-over-year measure, the Core TIPP CPI is 16.5% compared to 3.8% BLS CPI, a 12.8-point difference.

Further, gasoline prices have increased by 29.9% since President Biden took office, whereas the BLS CPI shows that gasoline prices have improved by 3.9%, a difference of 33.8 points.

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Comments

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BobaFuttbucker@reddthat.com ⁨8⁩ ⁨months⁩ ago
People here seem to think the Oval Office has a secret “raise/lower prices” lever that the sitting President can just walk over to and adjust as needed.

Is Biden an evil mastermind or a sleepy dementia-addled grandpa? You do realize that both of these can’t be true, yeah?

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- PeepinGoodArgs@reddthat.com ⁨8⁩ ⁨months⁩ ago
  It’s as Umberto Eco said
  
  The enemy is both weak and strong. “[…] the followers must be convinced that they can overwhelm the enemies. Thus, by a continuous shifting of rhetorical focus, the enemies are at the same time too strong and too weak.”
  
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- intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago
  People forget it was Trump who shut down the economy.
  
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  - wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago
    That’s a negative. The states did lockdowns based on the advice of fauci. The president doesn’t have the ability to do lockdowns.
    
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PeepinGoodArgs@reddthat.com ⁨8⁩ ⁨months⁩ ago
Yeah, I just wanted to get ahead of this by linking to my post about why economic measurements that start in February 2021 are trash.

But generally, it’s that such measurements basically feature a lot of confounding variables, and it’s statistically unreasonable to conclude that Biden’s policies are responsible for any amount of the change over alternatives.

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- criitz@reddthat.com ⁨8⁩ ⁨months⁩ ago
  [deleted]
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  - wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago
    Is it unreasonable to post an article and have a conversation about it? Sometimes, people post and then give their feedback on why they think it’s a bad argument in the article.
    
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  - PeepinGoodArgs@reddthat.com ⁨8⁩ ⁨months⁩ ago
    Nah, you got it.
    
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wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago
I am curious about the gas one. That doesn’t seem to pass the sniff test. I don’t track gas prices but it doesn’t seem to be anymore expensive than before. I don’t hear people complaining about it. Groceries. Yes. Dining out. Yes. Gas not really.

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- TORFdot0@lemmy.world ⁨8⁩ ⁨months⁩ ago
  We had negative oil prices at the start of the pandemic. Less than a year from that, the price of gas hadn’t fully rebounded it peaked in 2022 but has gone back down and stayed around the same prices. But gas has for sure been more expensive under Biden than it was under Trump.
  
  You can blame Biden for some of that but I think most of the blame should be on the fact we have had the Ukraine and Russian war since Feb 2022. The government posts the average gas prices for your viewing
  
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AToM_exe@lemmy.world ⁨8⁩ ⁨months⁩ ago
Good Santa, bad Santa.

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