Quote:
Originally Posted by John Mercier
Our energy position? We have record net exports in every category except coal. Coal net exports have yet to return to 2012 levels, but that is world demand... not something the US can control.
Our inflation is due to higher labor costs resulting from a smaller workforce... we pay a lot more for trades people... and higher quality/design on the materials side.
We know how to keep housing costs down... we just don't want to.
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That was a polite way of saying that the economic policies implemented by the present administration during their first week in office caused the spike in fuel prices, essentially more than doubling fuel costs during the immediate time frame. This spike caused the inflation that we are now living with, even though fuel is still 50% ($2.40/gallon on January 20, 2021 vs. $3.62/gallon today). If you don't believe a 50% plus increase in the cost of fuel caused the inflation that we see today, I have a bridge to sell you. It has nothing to do with labor.