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Republicans ‘Seize’ Again! Bloomberg Admits Inflation Eating at Pay
NewsBusters ^ | 7/1/2021 | Joseph Vazquez

Posted on 07/01/2021 8:51:31 AM PDT by JV3MRC

Inflation is becoming a very serious problem for Americans. The problem is so bad that even Bloomberg News admits it.

Bloomberg News underscored the issue in a new story headlined, “Inflation Eats at Surging U.S. Pay With Biden Plans at Stake.” The outlet reported that “Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods.” Despite U.S. wages forecasted to have increased by an optimistic 3.6 percent in June, “prices for everything from milk to car rentals and gasoline are rising at a rapid clip, eating into those income gains,” Bloomberg News reported. The outlet noted that the Federal Reserve’s “preferred consumer-price gauge rose 3.9% in the 12 months through May, the fastest since 2008.” [Emphasis added.]

But in typical liberal fashion, the outlet used the story to employ a “Republicans seize”-style argument to make it appear as if concerns over inflation under Biden were divided on partisan lines.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: bloombergnews; economy; inflation; inflationprediction; republicans

1 posted on 07/01/2021 8:51:31 AM PDT by JV3MRC
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To: JV3MRC

“Eating at”? It’s freakin’ devouring my retirement. Pretty sure there was no COLA clause attached to my retirement check.


2 posted on 07/01/2021 8:56:37 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
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To: JV3MRC
Republicans ‘Seize’ Again! Bloomberg Admits Inflation Eating at Pay

It's not just eating at your pay. It's eating at anybody holding dollars.

3 posted on 07/01/2021 8:56:53 AM PDT by FreeReign
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To: JV3MRC

The Fed has been increasing the money supply at 38% yearly. Sooner or later the markets will catch up. Biden is about to make Carter’s pathetic term look good by comparison.


4 posted on 07/01/2021 8:56:56 AM PDT by Nateman (If the Left is not screaming , you are doing it wrong.)
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To: JV3MRC

The Chick-Fil-A on Madison Ave. in Sacramento is starting employees at $17.50 an hour.

Which means the effective minimum wage is at least that.

Thanks to inflationary policies such as the Fed farting out trillions in digital dollars every year.


5 posted on 07/01/2021 8:56:59 AM PDT by MercyFlush (A wise man once said nothing. )
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To: JV3MRC

Pouncing Republicans. Big problem. Lotta pouncin’ goin’ on out theah.


6 posted on 07/01/2021 8:57:33 AM PDT by Steely Tom ([Voter Fraud] == [Civil War])
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To: JV3MRC

7 posted on 07/01/2021 9:02:09 AM PDT by fruser1
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To: JV3MRC

According to the Trafalgar poll 39% blame Biden for inflation. Biden in starting to look like Jimmy Carter.


8 posted on 07/01/2021 9:10:25 AM PDT by convoter2016
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To: rktman

> . Pretty sure there was no COLA clause attached to my retirement check. <

Don’t worry, fellow retiree. There will certainly be a COLA adjustment for Social Security recipients. But if inflation is really at, say, 8% we might get 1%. That’s just how things work.

Oh, wait. Maybe we should worry.


9 posted on 07/01/2021 9:13:32 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: JV3MRC
“Inflation Eats at Surging U.S. Pay"

Gosh, I just love that little detail. My pay is surging! Oh boy! Those raises keep rolling in! Each paycheck bigger than the last!! The only problem -- the only problem -- is that Inflation is, you know, kind of eating away at some of it.

10 posted on 07/01/2021 9:14:36 AM PDT by ClearCase_guy
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To: Leaning Right

I did get a $20 > from SS a couple years ago. Almost bought that vette I’ve been eyeing. LOL!


11 posted on 07/01/2021 9:22:52 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
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To: JV3MRC
".... to make it appear as if concerns over inflation under Biden were divided on partisan lines....."

What? democRATS don't buy groceries or gasoline?

And their pay is magically exempt from Biden's inflation.

12 posted on 07/01/2021 9:34:06 AM PDT by HotHunt
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To: Leaning Right

“There will certainly be a COLA adjustment for Social Security recipients.”

Regardless of what inflation ACTUALLY is at the end of the year, I’ll tell you what it will be right now. 2.3%.

The “market basket” will be adjusted to include the cost of vintage Beanie Babies and recycled lead.


13 posted on 07/01/2021 9:55:15 AM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day., )
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To: rktman
“Eating at”? It’s freakin’ devouring my retirement. Pretty sure there was no COLA clause attached to my retirement check.



What about the UNCOLA clause?

14 posted on 07/01/2021 9:58:19 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

Yeah, unwritten fact that there will be NO cola.


15 posted on 07/01/2021 10:07:00 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
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To: rktman
I did get a $20 > from SS a couple years ago. Almost bought that vette I’ve been eyeing. LOL!

Nice!

16 posted on 07/01/2021 10:09:18 AM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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