Trumps plan to lower prices: He’ll cut your energy bill in Half! Just ask him Stopping grocery chains from importing! Cuz less supply of course means lower prices Rate cuts mean the economy is bad… I’ll reduce rates!
Official BS is all this is. 1. It’s an opinion piece - not a news article. Stated at the very top. 2. Written by Michael Mandel is chief economist and vice president at Progressive Policy Institute. I am shocked, shocked I tell you that someone from an organization named “Progressive Policy” has a viewpoint that things are better. Did he use the “inflation” number that does not include food, energy or housing? You know, those bad habits people have that want to live? Maybe I missed it but didn’t see where inflation was defined. Fine print, folks, don’t fall for the headline.
You guys with your inflation nonsense. Post-covid inflation was going to and did hit everywhere. The US did better than everywhere else. And you said nothing when Trump was seeding future inflation. The hypocrisy is long past tiresome.
What is sad is the number of people who don’t understand 4th grade arithmetic. 2.5 is 25% more than 2.0. I realize it is an election year and you guys are trying desperately to put lipstick on the pig that is Bidenomics but that doesn’t change properties of proportion.
I'm just going to let ChatGTP handle this one ... If the fed target is 2.0%, and inflation is 2.5%, how much is inflation over the target? ChatGPT To find out how much inflation is over the target, you can subtract the target rate from the current inflation rate: Inflation over target=Inflation−Target\text{Inflation over target} = \text{Inflation} - \text{Target}Inflation over target=Inflation−Target In this case: Inflation over target=2.5%−2.0%=0.5%\text{Inflation over target} = 2.5\% - 2.0\% = 0.5\%Inflation over target=2.5%−2.0%=0.5% So, inflation is 0.5% over the target. I have a friend who is bad at math, how can I explain to him that the correct answer to the above question is 0.5%, and not 25%? ChatGPT To explain this to your friend, you can break it down step by step: Define the Terms: Start by clarifying what the "target" and "inflation" mean. Explain that the target is what the Federal Reserve aims for (2.0%), while inflation is currently at 2.5%. Simple Subtraction: Show them that to find out how much inflation exceeds the target, you simply subtract the target from the current inflation: Inflation over target=Inflation−Target=2.5%−2.0%=0.5%\text{Inflation over target} = \text{Inflation} - \text{Target} = 2.5\% - 2.0\% = 0.5\%Inflation over target=Inflation−Target=2.5%−2.0%=0.5% Focus on the Difference: Emphasize that you're looking for the difference between the two numbers, not a percentage increase. The calculation gives you the actual amount by which inflation exceeds the target. Avoid Confusion with Percent Increase: If they brought up the 25%, explain that this figure represents the percentage increase from the target to the inflation rate, not how much inflation exceeds the target. Use Examples: You might say, “If I have $2 and I get $2.50, I can think of the extra $0.50 as how much more I have. That’s the same idea here.” This step-by-step approach should help clarify the concept! But my friend is dense, and likes Trump, does that make it less likely that he'll understand math? ChatGPT It's possible that a person's beliefs or preferences can affect their openness to certain discussions, but understanding math is generally independent of political views. Here are a few strategies to make the explanation more relatable: Use Analogies: Relate the concept to something familiar, like sports scores or everyday situations. For example, "If a basketball team has a target of 80 points but scores 85, they exceeded their target by 5 points." Keep It Simple: Use straightforward language and avoid jargon. Focus on the basics without overcomplicating the explanation. Be Patient: Sometimes it takes a few tries to get through to someone. If they seem confused, rephrase your explanation in different ways. Stay Neutral: Keep the conversation focused on the math itself, avoiding political discussions that might lead to defensiveness. Remember, patience and clear communication can go a long way, regardless of personal beliefs!
Come on man, the fed would always cut half a point in the midst of the best economy in our lifetimes...
Compared to Harris ? Her concepts , plan ,agenda.? Seriously is this adeperation of momentum by the Socialist party? To ride the wave of anti Trump? Lol .. this is the best ? You want this non qualifier to lead America ? The bad guys are licking their chops!
