Joe Biden sez Americans aren't living in reality - don't believe your lying eyes - trust Joe Brandon Biden!!
C'mon man!!!
Article:
“They’re obsessing”
Yup—the dumb peons think they are poor—”they’re obsessing”.
;-)
Because the “good news” is all lies?
We’re disconnected from reality........................🤦♀️
Here’s another… “People need to feel they way the media/government tells them to feel.” …article.
Gloomy despite falling inflation...Let’s say that your grocery bill went up due to inflation and now your basket is $200 instead of $100. Are you happy that the $200 price increases are slowing down? NO, you’re gloomy remembering the $100 basket under Trump.
This gaslight is obviously written by a democrat.
The public doesn’t look at inflation like economists and professional investors do. The public reads “falling inflation” and sees prices still rising, which they are, just not as fast. Every price increase is another needle in the eye, the fact prices are rising slower is irrelevant. They don’t understand how the underlying govt debt works against every attempt to lower inflation.
As long as Democrats are in charged Americans are fuc$ed!
Asspress telling us urine is fresh rainwater again. I loathe these lying ghouls.
“Inflation has reached its lowest point in 2 1/2 years.”
That is misleading and deceptive. The fact is that prices are DOUBLE what they were a few short years ago. The fact is incompetent government goosed the money supply by $5 trillion when they paid people to stay home because of COVID. That was a HUGE DECREASE in labor productivity which triggered the massive inflation.
And the fact remains that prices are not GOING DOWN, they are just going up a bit more slowly. Inflation ratchets them upward and they will continue their march upward. If prices were to go down (”deflation”), people react very badly like “I’ve got to sell my house RIGHT NOW before prices go down even more.”
People on fixed incomes are really screwed. All those whose raises lag a couple of years behind inflation are really screwed. Everybody has less purchasing power than they did before the government launched its horrendously bad and misguided COVID programs.
It is VERY deceptive to pitch slightly lower inflation as an economic plus. But that’s par for the course for Democrats trying to re-elect the biggest lower in more than a century.
Inflation has not fallen at all. Prices remain elevated greatly from the Trump term
The rate of inflation has declined.
Meanwhile the new round is in full swing with the UAW extortion of the auto companies formerly known as the Big Three. The other domestic auto manufacturers are now giving out raises as well.
The unions have been on strike toraise wages. Their efforts will result in wage inflation throughout the economy that will inturn cause a general rise in prices. What was a monetary event has morphed into cost inflation.
Biden needs the wage inflation to keep the Labor vote.
Not any more.
The numbers from the democrats are lies.
Inflation is still high. Prices are are still high.
Apparently these fools who think “steadily cooling inflation” is good news for consumers don’t realize that all it means is that prices are rising at a slower rate. So while people are maxing out their credit cards at 28% interest, they should be happy that they are going broke at a slightly slower rate?
It can be summed up in one sentence. “Wages are not keeping up with inflation.”
The only reason consumer spending is up is because people are using credit cards.
Inflation is “falling” in that groceries will only be 50% more expensive next year instead of the double in prices we experienced this year.
Can’t you stupid peasants see how good you have it???
https://larrys.substack.com/p/when-good-news-is-bad-news?utm_source=profile&utm_medium=reader2
See my take on this issue here. “When Good News is Bad News?”