Posted on 08/11/2021 2:12:58 PM PDT by janetjanet998
WASHINGTON (NEXSTAR) — The White House is remaining optimistic and Republicans are sounding the alarm after U.S. consumer prices rose yet again in July, according to federal data.
The U.S. Bureau of Labor Statistics says the consumer price index for all urban consumers has increased 5.4% over the last year and inflation was up for the third month in a row.
President Joe Biden on Wednesday announce that his administration is taking new steps to lower prices at the pump and the grocery store. Biden said his plan will “crack down on what some major players are doing in the economy that are keeping prices higher than they need be” and “put more money in your pocket.”
One aspect of the inflation, he said, is supply chain bottlenecks. He said he’s working to fix that.
“Bringing together port operators, shipping lines and the labor unions … to speed up the ports’ operation,” he said.
This government is responsible for most of the inflation.
Watch, they will soon attempt price controls.
I don’t have to tell anyone how that will end.
5.56mm
Those were the days.
Love your button.
Who believes the 5.4% number? Prices are rising sharply on many things.
They mean the inflation they say isn’t happening?
Biden said he is working to unblock supply chain bottlenecks…
Like the Keystone XL Pipeline?
I was in suspense until I remembered President Nixon.
The easy part is holding your breath for a while (forcing price controls) but then you have breathe again (allowing increases to meet true economic conditions) and everything goes crazy. Or you turn blue (economic disaster).
Riiiiiiight.
Shadowstats.com shows the reality of inflation. We are not quite up to Dhimmi Carter levels yet, but that took both the Ford and Carter terms to get there. Biden is nearly up with them in a few months.
By tripling inflation and starving people, while taxing them by the mile. Fixed their gibberish.
Is this a Babylon Bee article?
B can start combatting inflation by telling Congress to put a stop to the $3.5T spending package.
Whip Inflation Now
Is toilet paper lines, da.
Lets get those minimum wages up to a real living wage of $25/hour!
For old folks on relatively fixed incomes, this will be painful. Plus the Democrats stated goals of driving up prices on petroleum products.
I found a old box of “Whip Inflation Now” buttons!. That’ll help !
That’s nothing, our first home mortgage was 14.25%, adjustable.
Wahh, WAHH? The other day Joe said that high inflation was a GOOD thing.
In other news, arsonists launch plans to combat fires.
no joke, right?
wanna combat inflation, don’t spend 3.5 T and then try to sneak in another 2 or 3 because the 3.5 T will be gone in less than 3 years
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