Posted on 10/14/2021 5:11:43 PM PDT by Half_Retired
Biden's apologists try to downplay inflation worries by noting that it's largely confined to specific goods such as used cars. But the latest report shows inflation spreading to every sector of the economy, particularly where inflation can harm people of low income. Gasoline, for example, is up 42% from last year. Bacon, beef, pork, and eggs are all up by double digits. Children’s shows are up 12%; electricity 5%; rents 2.9%.
Inflation is outpacing hourly wage gains, which have risen 4.6% compared to inflation of 5.4%, which means real paychecks are falling, not rising, under Biden.
Maybe this is why voters tell pollsters they don't support making Biden’s cash giveaways to parents permanent. Voters are smarter than Democrats think. They know that despite what Democrats say, free money is not really free.
Even the Biden administration is forced occasionally to admit this. On a conference call with reporters about the nation’s supply chain crisis, Biden officials acknowledged that March's $1.9 trillion spending bill drove up prices and made matters worse.
But despite this admission, congressional Democrats are determined to pour $3.5 trillion worth of fiscal gasoline onto the inflation fire. The Biden administration even claimed in a report earlier this year that the best way to fight inflation was for the federal government to spend more money!
(Excerpt) Read more at washingtonexaminer.com ...
These are the Assistant Democrats who voted for the Trojan horse bill knowing they were enabling the worse one.
Dan Sullivan (R-AK) Shelley Moore Capito (R-WV) Mike Crapo (R-ID) Roy Blunt (R-MO) Richard Burr (R-NC) Deb Fischer (R-NE) Lindsey Graham (R-SC) Rob Portman (R-OH) Thom Tillis (R-NC) Lisa Murkowski (R-AK) Jim Risch (R-ID) Chuck Grassley (R-IA) Bill Cassidy (R-LA) Kevin Cramer (R-ND) Roger Wicker (R-MS) Mitch McConnell (R-KY) John Hoeven (R-ND) Susan Collins (R-ME) Mitt Romney (R-UT)
Consumers see through the lies everyday at the checkout stand.
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Grassley (who ought to retire) and Ernse are both useless RINOs.
Oops, I mean Ernst.
Social Security COLA will be 5.9% but inflation is running at 10% or more. Yay, we’re behind! Wonder how many dolts will think they are getting something great with the 5.9% increase.
Regardless of how it’s sold and what it does, the least fortunate always pay a very steep price as it hurts the lower classes the most. Donald J Trump is the Only Exception since Reagan
I have no idea why Trump keeps endorsing Bush League Republicans like Grassley.
I don’t know, either. Trump has a knack for trusting people he shouldn’t.
The deeper issue is over the heads of folks who have not lived through inflationary times.
What happens is that inflationary _expectations_ drive price increases in _everything_. Nobody wants to get stuck holding the bag.
At that point government policy becomes irrelevant—prices rise in a chaotic way.
Then government will panic and start doing price controls.
Then there will be rationing.
This is totally predictable.
I’m old enough to remember wage & price controls in the ‘70s and “WIN” buttons.
Me too although we weren’t hit too hard in a rural town back then. Most of the community was pretty much set and knew how to get by in tough times with less. City people can’t do that with their instant gratification mindset.
“Voters are smarter than Democrats think. “
No, no they are not.
My dolt of a mother-in-law buys it.
They a;; were bpought off with promises of capital investments in their respective districts in which their families figured prominantlly to gain millioms.
Each one of them need to be primaried into perdition.
Sigh, that is true of too many people. They have no clue about economics.
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