Posted on 09/14/2023 6:43:29 AM PDT by CFW
"Bidenflation" stands at 16.7%, exposing a significant increase in prices since President Biden took office
Real wages have declined under Biden's watch, forcing people to cut back on various expenditures
The American economy is likely to experience a protracted period of stagflation, characterized by economic stagnation accompanied by high inflation
"Bidenomics" is a failure, and Biden's misdirected energy policy is the root cause of these issues
More than six out of every ten (61%) Americans live paycheck to paycheck.
American credit card debt has surged by 38%, increasing from $743.5 billion in the first quarter of 2021 to a recent total of $1.031 trillion.
You may wonder why.
Look nowhere else than Bidenomics.
Americans are grappling with soaring prices. These days, it takes $1,000 in earnings to buy what $857 could purchase when Biden took office. And the earnings have not kept up with inflation.
How do Americans address the shortfall?
Take on two jobs, reduce expenses, skip meals, use credit cards, or dip into retirement savings. There's evidence that all these strategies are employed in Biden's America.
(Excerpt) Read more at tippinsights.com ...
But ... but ... you have no evidence.
Stagflation
The far-left’s “media” turd rollers continue to vomit lies about Bidenflation receding, but I’ve noticed some pretty big price increases occurring out there the past few weeks. Somebody be booschidtin’.
But ..but...Putin!!
Anyone voting for another four years of “this” will give Americans hope and change.
OK Joe Biden, I’ll be expecting a 16.7% increase in my Social Security this coming January.
KK? Thanks in advance, bro.
Yeppers
Whopper hamburger at Burger King is almost 9 dollars now. not the meal just the burger.
It’s hard to remember but I’m fairly sure you could get 2 whoppers for 6 bucks in Trumps last year.
Meat is no longer “what’s for dinner”
16.7% inflation is a lie.
Prices have gone up, on average, more than 20% over the last 2.5 years, and if one were to look at prices on a regional basis, one could easily see that prices have gone up more than 25%.
When fuel prices and the cost of food is not even considered for calculation of he inflation rate, that’s the government trying to get away wit ha big, fat lie. Energy and food are the most used of goods and services in the economy. And even if a person doesn’t have a vehicle or drive, he/she is still paying for fuel at a very high price. And with fuel prices at about 40% higher than before Biden took office, you can be sure that inflation is much higher than 30%.
Food prices have gone up tremendously too, at perhaps 30-40% higher than before Biden. People have had to change their buying habits at stores, opting for the cheaper store or off-brand goods. For example, at my household, we no longer buy Pepsi or Coke products, and we buy off-brand beans and rice and sauce and condiments and pasta and even hygiene products. If we didn’t do that, we’d be paying more than 35% higher prices for everything.
We also now pay about 30% more for home insurance, and our car insurance went up more than 20%.
So, reality says that, the Biden administration/government is lying, BIG TIME, to us about inflation.
Bidenomics is another word for ‘destruction of wealth’.
The increase in Soc Sec is going to be interesting.
The 3% they are mumbling about isn’t going to work.
I disagree, I believe it is working exactly as planned and intended.
~~~
Yes. That’s why they spend so much money and print so much money, and then turn around and raise interest rates so high.
They want to devalue the currency because inflation is like a tax on everyone that they didn’t even have to pass so during elections no one can point to some big tax increase. So they spent all the money they wanted to and then printed more and every one pays for it without their tax bracket even changing.
Then they stall the economy with interest rates which hurts everyone even more, including the residual effect of hurting salaries.
You would think they would be afraid to do all this dark stuff to the people of their own country, but they’re not worried because they know how to fix elections without “WIDESPREAD” vote fraud, so they feel safe. When all this culminates in unemployment (which is slowly starting to happen now but just getting started) they will get two of their top wishes. 1) They will put a whole bunch of new people on the government dole, thereby making the ones who didn’t use to vote democrat new dependents, and 2) They will pass laws making it easier for illegals to work low wage jobs, clearing the path to future laws that make them legal voters.
My neighbor says he's had to tap into his 401K to keep his family afloat.
I keep hearing the msm repeat that "Bidenomics" is working. My grocery bill, gas for my car (≈$5.25/gallon in California) , utility bill and all other recent bills say otherwise.
There is also shrink-flation - where ordinary products are getting smaller and smaller and smaller and costing more $$.
Examples:
Frito-Lay shrank bags of some of its Dorito's from 9.75 ounces to 9.25 ounces.
Gatorade redesigned its 32 ounces bottle to be "more aerodynamic and it's easier to grab," a representative told Quartz in March. The new design holds 28 ounces – a 14% drop.
Pizza giant Domino's said in January that it would be cutting down the number of chicken wings in its $7.99 national promotion from 10 to eight.
Earlier this year, Burger King reduced the number of chicken nuggets in its $4.49 meals from 10 pieces to eight.
Walmart Great Value Paper Towels dropped from 168 sheets per roll to only 120, while the price stayed the same.
Hefty's mega pack went from 90 bags to 80 bags, at the same price.
More here:
https://www.businessinsider.com/shrinkflation-grocery-stores-pringles-cereal-candy-bars-chocolate-toilet-paper-cadbury-2021-7#walmart-great-value-paper-towels-dropped-from-168-sheets-per-roll-to-only-120-while-the-price-stayed-the-same-5
Biden not only destroyed the economy he’s placed us at risk with war with China by bowing to them.
Biden is a natural born F/U at everything he does he abuses stupidity to the highest degree.
Another gift from the democrat party.
Oil just hit $90 a barrel. Headed toward $100. 10 Year Bond rate moving up. 4.27% and rising. Bond Funds everywhere getting trashed. Say goodbye to the widows and orphans...
WE MUST BEGIN DRILLING FOR OIL IN AMERICA AGAIN!
Energy policiy is but one casue of inflation. Most of it (inflation) is caused by the creation of money by fiat through deficit spending.
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