Posted on 08/11/2021 2:12:58 PM PDT by janetjanet998
WASHINGTON (NEXSTAR) — The White House is remaining optimistic and Republicans are sounding the alarm after U.S. consumer prices rose yet again in July, according to federal data.
The U.S. Bureau of Labor Statistics says the consumer price index for all urban consumers has increased 5.4% over the last year and inflation was up for the third month in a row.
President Joe Biden on Wednesday announce that his administration is taking new steps to lower prices at the pump and the grocery store. Biden said his plan will “crack down on what some major players are doing in the economy that are keeping prices higher than they need be” and “put more money in your pocket.”
One aspect of the inflation, he said, is supply chain bottlenecks. He said he’s working to fix that.
“Bringing together port operators, shipping lines and the labor unions … to speed up the ports’ operation,” he said.
We’re going to solve inflation by the time tested government method of fixing any problem.
We’re going to throw money at it!
The fireman is the arsonist!
Same playbook under Carter. It was a disaster.
I worked at an ad agency in the early 80s writing magazine ads. It got to the point where we could no longer use prices in the ads-—it took a month for the ad production process and then the magazine’s printing process, and by the ad would appear, nobody had any idea what the street price of the product might have risen to.
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