Posted on 04/21/2022 7:00:56 AM PDT by Browns Ultra Fan
Under President Biden’s Reign of Error, inflation is the highest in 40 years. But Powell and The Fed are still overstimulating the economy, and Congress is contributing to the inflation disaster with short-sighted political policies and spending (flooding the economy with stimulus spending helping to drive up prices). Even Democrat US Senator Elizabeth Warren gets it.
Here is Biden’s inflation scorecard in one chart. Under Inflation Joe, foodstuffs are up 58%, gasoline is up 72%, diesel fuel is up 154%, and green energy element Lithium is up 645% (no wonder electric car manufacturer Telsa is raising their prices 10%). Of course, The Federal Reserve keeps on expanding its balance sheet, UP 50.3% under Inflation Joe.
House price growth is up 69% and the 30-year mortgage rate is UP 83.3% and currently is at 5.28%. The orange line is the growth path.
Yes, prices have risen even more after Russia Invaded Ukraine on February 24, 2022. But most of the inflation was baked-in prior to the Russian invasion. Sorry Jen Psaki, but you are wrong about inflation being all Putin’s fault.
(Excerpt) Read more at confoundedinterest.net ...
The economy is great! Going up like gangbusters!..................
Look at all that growth!
I had some young pups earlier tell me ‘inflation is no big deal’. How’s that working out for ya? Your wages kept up...yet?
Thanks for posting.
Hey, it worked just fine in Venezuela
They’re called single college brainwashed women.
It’s build back better in action.
I remember that my trips to this forum in 2016 were always in search of news and I almost never commented - there were a lot of “Donald Trump is just WRONG for America!” posts which was a drag and a turnoff. Most of my internet time was with gab.ai.
Okay, so do y’all STILL think Donald Trump was just the worst electoral mistake ever? And that he doesn’t deserve to be president now and/or that the last election was un-rigged and mostly fair? (It sure seems like it sometimes.)
Don’t kid yourself: plenty are married.
-PJ
The democrats are deliberately trying to wreck the economy.
San Francisco Fed President: Interest rates to move ‘expeditiously’ higher
https://finance.yahoo.com/news/san-francisco-fed-president-interest-rates-april-2022-164240651.html
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