Posted on 04/18/2022 3:01:21 PM PDT by where's_the_Outrage?
On New Year’s Day, Rep. Val Demings (D-FL) tweeted: “Fighting inflation and lowering costs for the middle class must remain a top congressional priority going into 2022.” Senator Joni Ernst (R-IA) also rang in the new year by tweeting about inflation: “Rising prices and inflation won't be going away with the start of the New Year thanks to #Bidenomics.” So did Rep. Chuck Fleischmann (R-TN).
Now that the midterm elections are just a little over six months away, inflation is dominating the political discourse, but new data shows it’s not dominating the discourse evenly.
Republicans are talking about inflation six times more than Democrats, whose control of the House and Senate are at stake......
By focusing so intensely on high inflation, Republican lawmakers could be paradoxically playing a key role in making sure it sticks around, since inflation expectations are widely considered to directly influence actual inflation. When businesses expect higher inflation, they adjust prices accordingly, which can then lead workers to demand higher wages, creating a phenomenon known as a wage-price spiral that’s hard to control. One such cycle established itself during the so-called Great Inflation of the 1970s and '80s. And the media and politicians talking about high inflation is a major way to “anchor” an expectation of high inflation.
(Excerpt) Read more at msn.com ...
They said “Russia, Russia, Russia” 100 times for every one “Russia” by anyone else.
Donna Brazille is on TV talking about the economy “Roaring Back” and I’m in a grocery store nearly every day and the two just don’t jive. One of them (multiple stores, mind you) is LYING.
I have a dump truck and small tractor with a backhoe. I bought them (truck used) when I retired 5 yrs ago with the thoughts of starting a business that never got off the ground. So I use them to help family.
I dug my daughters septic tank out 2 days ago and in return she gave me diesel. The last time I hauled some remodeling trash to the dump she paid me about 40 dollars and it gave me close to a full tank from 1/4. This time they gave me 60 dollars and it was right at 1/2 tank and also went to almost full.
So 1 year ago 40 dollars was worth about 3/4 of a tank of diesel for my Truck. In one year 60 dollars is now equal to about 1/2 a tank.
THAT my friends is inflation.
It takes considerable skill to say inflation 6 times in a row. Try it...........................
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