Posted on 11/14/2023 10:39:39 AM PST by SeekAndFind
We keep hearing that inflation is down, lower than a year ago or in the right direction or some other explanation like that. It's about what you'd hear from a White House managing a bad message.
And then mom goes to the grocery store and comes home shaking her head and looking at the bill.
This is when inflation goes from being a news story to a family conversation.
In fact, the latest survey results from the battleground swing states of America finds that food insecurity is a foremost worry of American citizens. My organization, the League of American Workers, just commissioned a sweeping poll of the battleground states of Arizona, Wisconsin, Georgia, and North Carolina.
Our survey canvassed 800 registered voters from these states that almost surely will decide the 2024 presidential election, and perhaps control of Congress as well. The poll revealed an overall dismal mood in America, with a staggering 77% of voters stating that America is on the “wrong track” vs. only 17% conveying optimism.
The main driver of the pessimism is clearly economic anxiety, and only 39% of these battleground state voters gave Biden positive marks on that issue. Even more damning for Biden and the Democrats, among battleground state independents, only 9% say they “strongly approve” of Biden on the economy vs. a whopping 48% who “strongly disapprove.”
Within the topic of inflation, food prices worries placed far above other concerns for a supermajority of swing state voters. In fact, 60% of these citizens named food costs as either their number one or number two top concern. For context, the next biggest concern was income erosion at 39%.
(Excerpt) Read more at americanthinker.com ...
Agree
Had Trump openly opposed the lockdowns, the MSM would have been calling him an opponent of science, a Luddite, a religious fanatic. They would have raised the alarm even further, and then used the BLM riots and the already growing crime wave to fuel a real insurrection, not the fake one they’ve been hyping up since 1/6/21. It was clear that he wanted the lockdowns over ASAP. But mass hysteria is a hard thing to combat, and mass hysteria was all the rage back then, stoked and fed by Dems, BLM and the MSM.
Good observations.
Much lower, even before we faded into recession in 2016.
Trump wasn't inaugurated until January 20, 2017.
But if Trump had not sent out at least one round of stimulus, the self-locked-down workers and those forced to stay home by the local governments would have gone completely ape. As you know, many of them are still at home.
High fuel prices raise food prices, but they are not the only thing.if worked that way, food prices would drop more - albeit slower - when the fuel prices dropped by almost half, rather than barely budging and then beginning their climb again.
The price of crickets has just gone up and Kamala has just gone down!
I corrected above your comment.
As we all know, the recession occurred in 2020.
They used to be included, but when inflation peaked around 21% during the Carter Administration, they tried using smoke and mirrors to convince the public that inflation wasn’t that bad. It wasn’t that bad because because the gov’t changed the goal posted by omitting some of the fastest growing prices in energy and food from the index.
I defer to you, but I’d appreciate you sharing with me a time when negative rates were a Fed goal. I know that the Bernanke Fed adopted 2% CPI growth as its target in 2012.
“We often see negative rates as an encouraging sign when coming out of an inflationary period.”
When?
I understand that a recessionary capitulation can mark the beginning of a recovery, but the only time in living memory that CPI declined for a calendar year was in 2009 following the financial collapse, and even then it dropped by only .04%.
In 1982, with the Volker-engineered collapse of inflation the rate still remained positive, although by only .31%. The next year saw a rebound to 3.2%.
What if I'm only buying food that isn't for eating. What if I'm buying it for ... juggling. Or to resurface my driveway with. Or just to look at. I mean, food has so many uses apart from eating it.
One thing that is almost always left out of the discussion is money supply. M2 surged $3.5 trillion in the Trump/Biden COVID handout period. $3 trillion has since been drained.
All that loose cash had a major effect on the inflationary cycle.
From Basic Info, https://ycharts.com/indicators/us_m2_money_supply
Frozen Turkey 49 cents/lb, also squash and yams 49 cents/lb.
TY Hannaford Bros.
You don’t understand what a rate is.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.