Inflation adjustment.
Social Security has announced 2022 benefits will rise almost 6% under its cost of living adjustment.
The biggest COLA since 1982.
Fucking Reagan.
Actually Carter.
The good news 40 years ago was Reagan slew the inflation dragon so the COLA adjustment had a long term effect.
The chances of a Biden Administration doing that are nil.
If 1982 is Carter, 2021 is Trump.
And inflation will slow when the supply chain broken by Trump's egregious mishandling of the COVID crisis is fixed.
The supply chain problem is a lack of workers. All on Biden.
Supply chain got screwed because of Covid response. Everybody needed to work from home and many upgrade computers causing huge demand for chips which were diverted from cars. Demand for oil cratered as folks stopped commuting and traveling. Superstorms caused huge amounts of inventory losses as thousands of containers were lost in transit
Dont forget the blockage in the Suez Canal.
The economy opened up and oil production and refining had to ramp up from nearly nothing and got snarled because of big ass storms.
People are acting like assholes so workers are quitting those frontline jobs left and right. Even TSA workers are fed up and quitting in droves.
Again, superstorms disrupted the oil refineries. Then the major pipeline transit system got hacked.
Thumbs up for bringing some facts together fast. And the glitches proliferate - like covid slowing the mining of rare earth elements in Asia (China, esp) which also created a bottleneck in all the digital devices which use them.
Lots of dominos still falling.
Red has gone full troll. All asshat and no cattle.
So Joe goes full public/private with a deal to keep the ports cranking 24/7. That is how it is done.
Meanwhile the GOP is just spewing schtick to Red and his fellow shills who spread it like manure.
You can offload the ships all you want, but there's a shortage of truck drivers to deliver those goods.
Expect more delays that no one can change, unless the incentives to drive a truck change; and that will only add to the cost of goods.
Biden is doing what he can, but it won't solve that particularly obstruction in the bowels of our logistics system.
We need a trucker intervention, stat!
Any suggestions?
Poll
