Tucker: Real inflation is significantly worse than even the boldest headlines

American Thinker.com ^ | December 13, 2021 | Andrea Widburg

[Kaslin]

Mainstream media outlets and Democrats can no longer ignore that inflation, one of the most terrifying economic events that can hit a country, is bad and getting worse. What’s most disturbing, though, is that the headlines seriously understate what’s really going on. Tucker Carlson, in a monologue that deserves wider attention than it received, reminds us that the feds changed their consumer price metrics in a way intended to obscure that inflation is actually worse than it was 40 years ago.

Although I was a teen during inflation’s peak years in the mid-to-late 1970s, I got a front-row seat for watching how financially disastrous it was for lower-income people or retirees. My dad was a school teacher in a poor school district. Having started off the 1970s with a very low salary, over the next decade his raises never kept up with inflation. For that reason, to keep paying the bills, he did private tutoring during the school year—six to seven hours a day, seven days a week, in addition to his full classroom work. During the summer, he taught summer school and continued the punishing tutoring schedule.

My grandmother, who had once been a wealthy woman, was unable to help. Foolishly, she’d never invested in real estate but, instead, chose the convenience of renting. Thanks to inflation, she died a poor woman. Had she lived another half year, she would have been unable to pay her rent.

So when I see AP admit that inflation is real and extreme, that means something to me:

[PA Presbyterian]

My gas heating bill has suddenly risen $50 a month. And I live in a state that is swimming in natural gas that Biden and our idiot Democrat governor are determined to shut down. The weather has been unnaturally warm for December. There’s no excuse for this. I’m getting ripped off by somebody.

[Georgia Girl 2]

Tucker I think everyone who goes to the grocery has figured that out. 🙄

[oldtech]

Chances are if you were on S.S. then the measly raise was just effectively wiped out for that month & likely a few more. I was out on my own since the mid-50s & sometimes hit an inflationary period here & there. Even without the inflation, the raises I got were so poor that I’m sure they were offset by taxes. The only way I ever got a worthwhile raise was if I changed jobs & got something better. I remember 2 places I worked that believed in 2¢/hr. raises(I’m serious) & they thought they were really doing something. They WERE doing something; putting their employees into an ever-more-serious situation.