Ana the Ist

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Yeah, that's what inflation is.

Not going to explain economics to you.

But if your wages are rising faster than the consumer index, you're doing better.

Oh...if your wages increased.

Well...https://www.epi.org/blog/wage-inequality-fell-in-2022-because-stock-market-declines-brought-down-pay-of-the-highest-earners-but-top-1-wages-have-skyrocketed-171-7-since-1979-while-bottom-90-wages-have-seen-just-32-9-growth/

  • The top 1% earned 12.9% of all wages in 2022—up from 7.3% in 1979. The bottom 90% received just 60.1% of all wages in 2022, far lower than their 69.8% share in 1979.

Hmmmm....
 
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Ana the Ist

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Yeah, that's what inflation is.

But if your wages are rising faster than the consumer index, you're doing better.

Here's the real problem Democrats will have this year.

People can stick their heads outside and take a look around.

Kli0_VHknzEjK_Bx1lLOe2Bi39C3MpvPxUEoyYulKJU.jpg


Is that a Brazilian favela? Or is that anywhere in LA, San Francisco, Portland, DC, NYC, Chicago....

Economy is going great you say? Things are looking up? Ok....sell that and see who buys it.
 
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rambot

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But the new EPA rules are essentially trying to accelerate the transition to EVs prematurely.
But "prematurely" is just a matter of your opinion. Again, and it's important to note, this is an objective NOT any kind of enforcable law...unless I'm much mistaken. I thought I read that in the article I read....

The WSJ editorial board posted an article today detailing how the EPAs new tailpipe regulations are really just an EV mandate in disguise.

Biden officials are stressing that the new auto greenhouse gas emissions standards they rolled out on Wednesday aren’t an electric-vehicle mandate. But the liberal press and climate lobby don’t buy it, and neither should Americans.

The Environmental Protection Agency somewhat eased CO2 emissions requirements through 2030 from its proposal last spring while maintaining essentially the same end-point for 2032. That means gas-powered cars can make up no more than 30% of auto sales by 2032. Make no mistake: This is a coerced phase-out of gas-powered cars.
Ok!

...
The companies are heavily subsidizing EVs with profits from gas-powered cars. This means middle-class Americans in Fargo are paying more for gas-powered cars so the affluent in Napa Valley can buy cheaper EVs.
1) I would like to see the numbers that substantiate that claim
2) I don't think, when it comes to introducing new, technologies that are more expensive in other industries, that this is either uncommon or unexpected that old tech supports the phasing in of new tech.
3) Given the profit margins of automakers, it's more than a bit disingenuous to create a class war on this issue.

This cost-shift won’t be financially sustainable as the Biden mandate ramps up, and it may not be politically sustainable either.
The cost shift they don't expound on?
In November, over 4,000 auto dealerships representing every brand of vehicle and all 50 states sent a letter to the President that said this:

Mr. President, it is time to tap the brakes on the unrealistic government electric vehicle mandate. Allow time for the battery technology to advance. Allow time to make BEVs more affordable. Allow time to develop domestic sources for the minerals to make batteries. Allow time for the charging infrastructure to be built and prove reliable. And most of all, allow time for the American consumer to get comfortable with the technology and make the choice to buy an electric vehicle.
There are MANY people who are willing and almost ready to buy an EV without waiting for all of that. All they are waiting for is the right price.

I know America LOVES the free market so perhaps the automakers gotta speed it up. The fact is that American auto manufacturers have been glacially slow at adapting to this change and even STARTING it. They have been slow. Waiting for companies to change? We've been waiting for decades. Now is the time for expectations, pressure and work towards betterment.

How about instead of BILLIONS (22.7billion FYI) in stock buybacks the automanufacturers work to solve those problems? Non? Ok....well, time to govt. to step in and help business set better priorities. All this "we can't do it! It's too expensive" is absurd. The money is there; the will is not. So, time to put the pressure on them instead.

Yesterday after the new EPA regulations were announced, they sent this follow-up:

Today, the EPA released the final greenhouse gas rule for model years 2027-2032. On the positive side, the regulations have been softened in the early years from 2027-2030 in recognition of the slowing growth of EV sales.
However, the regulations still would require an increase in sales of electric vehicles that is far beyond the consumer interest we are experiencing at our dealerships. Despite generous government, manufacturer and dealer incentives, our customers continue to bypass EVs over concerns about affordability, charging infrastructure, performance in cold weather, and resale value. Worse still, the regulations spike in 2031-32 and revert to the unrealistic mandate that essentially requires that two-thirds of all vehicles sold be electric.
Looks like they should try to start pricing the cars more competetively. Their profit margins suggest that it's possible.

And then you see articles like this:
Ford's profits getting eaten up by EVs
Where it frames:
Lawler added that Ford expects Model e "losses to widen to a range of $5 billion to $5.5 billion, driven by continued pricing pressure and investments in our next-generation vehicles" while noting that the company expects "our first-generation vehicles to improve their profits throughout the year."
"investments in our next generation vehicles" as "loses". Wha? That's not sensible.

The Wall Street Journal noted that if Ford weren’t selling Mustang Mach-E and F-150 Lightning vehicles while also investing in the next generation of EVs that will eventually supplant those, the automaker’s adjusted operating profit would be about 50% higher than it currently is.
OH! So in Ford's case, perhaps it's a decision making matrix problem. I understand that.

What a strange decision. Why would you take Ford's two FLAGSHIP vehicles...but more importantly vehicles that have a particular type of person who buys it (loud, powerful engine), and create those kinds of changes? They would see it (rightly or wrongly) as sacriledge.

Weird, that.
 
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rambot

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There's innovation, and then there's reality.

For example, from the second letter the auto dealerships sent to the Biden Administration:

Despite the $7.5 billion allocated two years ago to build public electric vehicle charging stations, just three have been opened to date. Range anxiety is a major factor in consumers’ reluctance to buy electric vehicles. Based on the government’s estimates, 2.8 million public chargers will be needed by 2032, but only 170,000 public chargers exist today. That means 800 new chargers would have to be built every single day -- for the next nine years. Clearly, this is not even in the realm of possibility.
And yet numerous countries around the world have MORE AMBITIOUS goals.

7.5billion for 3 charge stations is.....insulting and outrageous. I would be VERY curious to parse those numbers out to see how that comes to be.

Also, as I said, if 95% of your driving is a daily commute and errands, "range anxiety" is a moot point. Though it DOES seems like a GREAT thing to try to harp on to make it seem like more and more of an inconvenience....


ps. I just want to say thanks also @probinson. I feel like our last two discussions have been pretty good (respectful, not devoid of fact or research)
 
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probinson

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And yet numerous countries around the world have MORE AMBITIOUS goals.

Show me a country that plans to build 800 charging stations/day for the next nine years straight.

7.5billion for 3 charge stations is.....insulting and outrageous. I would be VERY curious to parse those numbers out to see how that comes to be.

You must be new to government funding.

Also, as I said, if 95% of your driving is a daily commute and errands, "range anxiety" is a moot point.

It is absolutely not a moot point, and your insistence that it is denies the reality of the situation.

Even if 95% of your driving is running around locally, many people can only afford one car. That one car has to meet ALL of their needs, even the 5% that you want to call a "moot point".

Whether you choose to believe it or not, range anxiety is a very real thing. My brother-in-law bought a Chevy Spark last year. He drove It from Chicago, IL to Greenville, SC. It added more than 6 HOURS of charging time to his trip in both directions. I am 100% unwilling to add 6 hours (or much more) to my long-distance travel, and I can promise you I am not alone.

When I drive to Florida, I have to stop to get gas 3 times. Each fill-up takes 2-3 minutes. For those of you keeping score at home, that's 9 minutes of fueling. That's the standard I'm looking for in a recharge. I might even be willing to go a bit longer than that, because while the actual fueling only takes 2-3 minutes, the stop is probably closer to 10-15 minutes with bathroom breaks, snack purchases, etc. But when I see charge times of 90-120 minutes to gain an extra 200-250 miles of range, that's an absolute non-starter for me.

I'm fortunate enough to be able to afford two cars, and when the time comes to replace my second vehicle, I may well consider an EV for my short-range driving. We'll see what prices and technology are like when that time comes. But not everyone has that ability.

The point I keep making is that the technology is simply not ready for mass-adoption and is not going to be ready by 2032. To quote the auto dealerships from their second letter linked above, "Mr. President, we share your belief in an electric vehicle future. We only ask that you not accelerate into that future before the road is ready."

Though it DOES seems like a GREAT thing to try to harp on to make it seem like more and more of an inconvenience....

Your solution to these very real problems with EVs seems to be to pretend like they either aren't real or don't exist. Downplaying or minimizing people's very real concerns is the most surefire way to ensure they resist the transition.

ps. I just want to say thanks also @probinson. I feel like our last two discussions have been pretty good (respectful, not devoid of fact or research)

I try to be factual and objective in my responses. I have appreciated discussing things with you even though we don't agree on many things. I actually prefer speaking to people who disagree with me because it challenges me. I'm not a fan of echo chambers. So thank you for the respectful discourse.
 
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probinson

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Economy is going great you say? Things are looking up? Ok....sell that and see who buys it.

Democrats are a bit delusional when it comes to this. They prefer to blame the "far-right" media, in particular Fox News, when in reality, people are just looking at the world and circumstances around them.

"Look at my chart! Things are trending up!" Meanwhile, the average family is still struggling to buy groceries.

Reality has a way of rearing its ugly head. While there may be some encouraging economic indicators, the fact is the majority of people are feeling the sting of increased prices. In fact from the Gallup poll I posted earlier, 80% of people say that they are experiencing either a moderate or severe financial hardship as a result of those increased prices.

americans-reports-of-financial-hardship-due-to-price-increases-hold-steady.png


"It's the economy, stupid!"
 
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rambot

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Show me a country that plans to build 800 charging stations/day for the next nine years straight.
Can't show you that. Was that part of the plan laid out by Biden?
I did just show you a list of countries that will have more ambitious targets (and comparably long travelling distances) in terms of cars on the road though.

You must be new to government funding.
I'm not. And I'd still be curious how all that came to be.
It is absolutely not a moot point, and your insistence that it is denies the reality of the situation.

Even if 95% of your driving is running around locally, many people can only afford one car. That one car has to meet ALL of their needs, even the 5% that you want to call a "moot point".
Honestly, I'm still waiting to hear about the "all kinds of hurdles" you mentioned before.
The 5% I I did NOT include could EASILY be managed with planning and extra time. I know inconvinience is HARD for many Americans but you COULD do it.


Whether you choose to believe it or not, range anxiety is a very real thing. My brother-in-law bought a Chevy Spark last year. He drove It from Chicago, IL to Greenville, SC. It added more than 6 HOURS of charging time to his trip in both directions. I am 100% unwilling to add 6 hours (or much more) to my long-distance travel, and I can promise you I am not alone.
Being where I live I have 0 concept of how long of a drive that is. Sorry.
When I drive to Florida, I have to stop to get gas 3 times. Each fill-up takes 2-3 minutes. For those of you keeping score at home, that's 9 minutes of fueling. That's the standard I'm looking for in a recharge. I might even be willing to go a bit longer than that, because while the actual fueling only takes 2-3 minutes, the stop is probably closer to 10-15 minutes with bathroom breaks, snack purchases, etc. But when I see charge times of 90-120 minutes to gain an extra 200-250 miles of range, that's an absolute non-starter for me.
We will see improvements in charging times very soon.

I'm fortunate enough to be able to afford two cars, and when the time comes to replace my second vehicle, I may well consider an EV for my short-range driving. We'll see what prices and technology are like when that time comes. But not everyone has that ability.
That is close to our position as well. We just got my wife a new car. Once my wife gets her full time permanent teaching contract, I'm getting a midsized fuel efficent truck (well, as much as can be). After that, all our new vehicles will be electric.

The point I keep making is that the technology is simply not ready for mass-adoption and is not going to be ready by 2032. To quote the auto dealerships from their second letter linked above, "Mr. President, we share your belief in an electric vehicle future. We only ask that you not accelerate into that future before the road is ready."
My point is that the waiting has been long enough and that the initial cash investment is there. As it stands, what's going to happen if certain Republican states drag their feet on applying for funds for those charging stations? What happens when Republicans try to stop the funding from going through?

Technology IS ready. Infrastructure is not. The money required to make it a reality is weeving it's way to where it needs to go. But states need to work toward making it happen. Whether it WILL do it in enough time? Well, maybe it'll take 3 or 4 extra years. But I can guarantee that without what Biden has done, it would take way more than a decade to get there.


Your solution to these very real problems with EVs seems to be to pretend like they either aren't real or don't exist. Downplaying or minimizing people's very real concerns is the most surefire way to ensure they resist the transition.
Here's the thing though. Sometimes people don't see the problems are within themself. I would wager you can agree htat there are DEFINITELY people out there who mismanage their money. There are posters on here who believe that 90% of poverty is self inflicted. If that's the case (and I don't believe it, but they do) what if the concerns people have can be desuaded by argument.

Again, 95% of your travelling with the only problematic times being on longer trips....and problematic at THIS point widdles down to having to spend a bit more extra time on a communte. If I do a trip ONCE A year, yeah, I'm willing to spend a LOT of

What about this: If you're driving your ICE for that 95%, you are filling up a every week say...that would work out to about 4 hours you'd spend filling your car every year. When you're on electric you plug in your car at home and walk away.

I try to be factual and objective in my responses. I have appreciated discussing things with you even though we don't agree on many things.
HAHA....yeah...no doubt eh?
That's fine.

I actually prefer speaking to people who disagree with me because it challenges me. I'm not a fan of echo chambers. So thank you for the respectful discourse.
I LIKE speaking to people who disagree with me but not everyone who disagree with me is challenging (and I'm sure you'd say the same). Some posters are just.....lazy, or sadly, annoying in their style. I don't find that with you. YOu're just challenging.

So...back atcha!
 
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rambot

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Democrats are a bit delusional when it comes to this. They prefer to blame the "far-right" media, in particular Fox News, when in reality, people are just looking at the world and circumstances around them.

"Look at my chart! Things are trending up!" Meanwhile, the average family is still struggling to buy groceries.

Reality has a way of rearing its ugly head. While there may be some encouraging economic indicators, the fact is the majority of people are feeling the sting of increased prices. In fact from the Gallup poll I posted earlier, 80% of people say that they are experiencing either a moderate or severe financial hardship as a result of those increased prices.

View attachment 344428

"It's the economy, stupid!"
This is something about Democrats that drives me NUTS!

I hate that people use the health of the stock market as a sign a healthy economy. With that said, there are a LOT of metrics that STILL suggest a very healthy economy.

Ultimately, too much money is going to the rich and not enough money is going to workers. Honestly, it's as simple as that. It's not a "Reduce taxes issue". MOST people are making insufficient income.

People argue against a system of wealth transfer but they seem oblivious to the fact that there has been a wealth transfer going on for years. But the money is leaving THEIR pockets when it shouldn't be.
 
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QvQ

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Even China has a target of 40% and they have 20million MORE cars with you.
How many of those vehicles are being sold in the US?
China produces most of the components for solar and wind power generation and most of the batteries.
However, China is not installing wind or solar. They are selling all that to the US and probably paying for most of the hype.
Meanwhile China is building coal fired plants at a rate of 2 a week and helping India and other nations build coal fired plants also.
 
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The Barbarian

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Here's the real problem Democrats will have this year.

People can stick their heads outside and take a look around.
Seems like that would be a republican problem. The difference between that Trump-era photo you showed us, and today is rather prounounced.

The real problem republicans will have this year:

US growth shatters expectations, boosting Biden’s economic pitch

The Commerce Department reported Thursday that GDP expanded 3.1 percent in 2023, a year that began with heavy odds of a recession and closed out with fourth-quarter growth that blew away projections.

Economy is going great you say?
Well, for working middle-class Americans it is. Not so much for the republicans.
 
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probinson

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Just for fun, let's look at an actual EV available today.

I am very intrigued by the Kia EV6. It's a sharp looking EV that, were it not $50K+, I might have purchased. I currently own a 2022 Kia K5 GT-Line AWD. I'm quite happy with that car. I paid just over $30K.

The EV6 has similar styling and options. So let's price an EV6 with similar options to my current K5 and see what I would get.

An EV6 GT-Line AWD with similar options to my current K5 is currently listed at $59,560. That's nearly double what I paid for my K5.

The range of the EV6 GT-Line AWD at ideal driving conditions is rated at around 250 miles (I'm being generous. If you read up on EV6 owners' forums, the more realistic range is 200 miles). Kia claims that you can charge from 10-80% in just 18 minutes and most owners confirm that this is realistic. So that means that if the range of a full charge is 250 miles, we can only use 90% of that, or 225 miles, before it would need charged at 10%. Then that 18 minutes is only going to add 70% of the overall range, since it's charging from 10-80%. So roughly 175 miles.

All above considered, I can drive continuously for ~200 miles before I have to stop for 18 minutes to get another 200 miles. EVgo currently charges $1 + $0.36/kWh to charge. The battery for the EV6 is 77.4 kWh. 70% of that is 54.18kWh. That means each charge would cost $1 + $19.50, or $20.50 to travel 200 miles. Given the 1,000 miles it takes me to drive to Florida, I would have to stop 5 times, meaning it would cost me $102.50 to drive to Florida in charging fees.

In my current K5 on the highway, I can travel ~500 miles on a full tank of gas. That full tank is currently costing me around $40. Which means that I can go 1,000 miles in my K5 for around $80.

Not only would I have to pay $30K MORE than I paid for my K5 to get an EV6 (with a payment approaching $1K/month), but it would actually cost me MORE to charge my car on long-distance road trips.

It's not that I haven't considered this. It's that the costs and the technology are simply not analogous to ICE vehicles, and depending on your use-case, you might actually end up paying MORE to charge your EV than you would for gas.
 
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probinson

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Can't show you that. Was that part of the plan laid out by Biden?

It was not.

However, it is what needs to happen to support the targets the government has set.

Technology IS ready. Infrastructure is not.

I disagree. If you read my scenario above, the current technology of the EV6 only allows me to travel 200 miles before stopping to charge 18 minutes each time. That adds 90 minutes of travel time to an already 14+ hour trip as opposed to 5-10 minutes of fueling. The technology is absolutely not ready to fully replace ICE vehicles. And the infrastructure most certainly is not.

Whether it WILL do it in enough time? Well, maybe it'll take 3 or 4 extra years. But I can guarantee that without what Biden has done, it would take way more than a decade to get there.

I wholeheartedly disagree.

When automakers can make EVs at comparable prices with comparable ranges and charge times, that is when people will buy them and not before. The government trying to mandate EVs is incredibly foolish and doomed to failure.

I LIKE speaking to people who disagree with me but not everyone who disagree with me is challenging (and I'm sure you'd say the same). Some posters are just.....lazy, or sadly, annoying in their style. I don't find that with you. YOu're just challenging.

I appreciate the compliment. It has been my pleasure discussing things with you. It's rare to find someone who can articulate their position well without resorting to rudeness and ad hominem, so thank you.
 
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probinson

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What about this: If you're driving your ICE for that 95%, you are filling up a every week say...that would work out to about 4 hours you'd spend filling your car every year. When you're on electric you plug in your car at home and walk away.

Wanted to address this also.

Each time I fill up my car, it's 5 minutes. Yes, if you total that up over an entire year you can make it seem like a massive burden. But it's not. I stop on my way to work for 5 minutes. And not every week. My fill-ups are usually every other week. If I'm taking a long trip and I forgot to fuel up, it's no biggie. Just stop at the gas station for 5 minutes and travel 500 miles.

Also, unless you pay to have a fast charger installed in your home, you're going to be relying on a very slow trickle charge. Going back to my EV6 example, it takes a whopping 40 hours to charge from 10-80% if you just plug into a regular outlet. Hope you don't want to go anywhere for a few days!
 
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NxNW

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Or we will all the singing the song of the electric car. My brother bought one and his song is frustration and rage. He drives his old truck while the electric is parked in the garage.
Why doesn't he drive it?
Reality of the Stock Market
The stock market is not based on worth or return. The market is based on amount of money available to buy stock.
Stock prices follow earnings.
For instance, you have a huge fund of investors who give you money. Piles of money. I have a huge fund of investors who give me piles of money.
You buy 1 million shares of stock. You sell the stock to me for slightly higher price.
You made a profit
Then I raise that price and sell it back to you.
Prices are ultimately based on earnings.
Joe on the street sees the "profit" and gives us more money to invest
The stocks keep going up like a hot air balloon.
Until the underlying economy collapses and the reality is, the economy is in very bad condition.
You don't know what you're talking about.
 
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QvQ

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Also, unless you pay to have a fast charger installed in your home, you're going to be relying on a very slow trickle charge. Going back to my EV6 example, it takes a whopping 40 hours to charge from 10-80% if you just plug into a regular outlet. Hope you don't want to go anywhere for a few days!
There was an ice storm in Oregon. The electricity was off for 8 days or so.
Remember the ice storms in Texas and no one had any power.
My brother nearly froze in Oregon as he is rah rah all electric
His EV was useless but then he has a gas powered pickup and now a wood burning stove...just in case.
He is getting very bitter against EV's, electric heaters and cook stoves.
He has alternate systems for backup now. A propane camp stove, for instance.

This is the problem I have with my solar irrigation pump. I need water every day, all day long but I only get water when the sun shines.
It is not "on demand."

So the EV charging stations are all going to have to be on the grid. The grid does not go everywhere. Some folks are off grid. Yes, I know. Solar power but all the solar powered off grid folks I know have backup diesel generators. Those generators supply more power than the solar.
 
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The Barbarian

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When automakers can make EVs at comparable prices with comparable ranges and charge times, that is when people will buy them and not before.
I see a lot of Teslas out there.
 
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Ana the Ist

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What? That’s exactly how inflation works.

Not really no...as the cost of multiple retail consumer items drops due to efficiency your purchasing power increases. Plenty of examples from TVs to laptops for that...

But regardless, I gave you the price of bread there...you tell me which Trump years were over Obama's last year and which were under.

When the cost of everything increases, it's typically due to fuel costs, abnormal inflation or just really sloppy management of economics.


For many of them, yes. Several of those stores have been collapsing for years. Bed Bath and Beyond wasn’t liquidated because people were stealing towels.



That’s one mall, isn’t it?

Possibly some of them. But a number of larger department stores have long struggled in urban areas where real estate is more expensive and shopping trips are smaller - both of which cut against their sprawling rural/suburban format.

I wish I were talking about bed Bath and beyond but I'm talking places where people get food and medicine.


Picked clean by shoplifters. Huh....wonder why that happened?

Anyway, you might convince some of the more soft brained of posters on here...but not me or anyone who lost easy access to food and medicine.

There's a reason why Trump is hitting record numbers in demographics that typically don't even consider voting Republican. The sooner Democrats get a grip on reality, the better.
 
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iluvatar5150

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Not really no...as the cost of multiple retail consumer items drops due to efficiency your purchasing power increases. Plenty of examples from TVs to laptops for that...

But regardless, I gave you the price of bread there...you tell me which Trump years were over Obama's last year and which were under.

When the cost of everything increases, it's typically due to fuel costs, abnormal inflation or just really sloppy management of economics.
The way I’m understanding your comments infers something so fundamentally incorrect that I’m not confident I’m understanding you correctly.

A small, positive amount of inflation (typically ~2%) is, AFAIK, the goal of virtually every central bank, which all take deliberate steps to modify interest rates and/or the money supply to achieve that rate. That inflation affects everything, though as you’ve noted with your tv set example, it can be overcome in some sectors by other advancements.


Is this not how you understand inflation?
 
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The Barbarian

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The comments in this thread mirror the national polling perfectly. Democrats in the thread are inclined to believe things are looking up. But they're the only ones.
Comes down to data. And as you learned, the post-pandemic economy is doing better in the US than in the rest of the developed world. And as you suggest, people are starting to notice. According to your graph, only 45 percent think the economy is poor. And that's what has Trump's people in a dither. If things continue, the economy will be a real problem for Trump.
 
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The Barbarian

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There's a reason why Trump is hitting record numbers in demographics that typically don't even consider voting Republican.
His problem is that Biden is hitting record numbers in demographics that were once safely republican. Suburbs are now mostly blue. And a lot of republican congressmen from suburban districts are bailing out, in anticipation.

Why So Many House Republicans Are Retiring, And Why More Could Be On The Way

Why So Many House Republicans Are Retiring, And Why More Could Be On The Way

The party is cleaning out the old conservative faction, leaving only the most extreme. But there's the problem for the party.

 
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