Posted on 05/15/2024 8:10:55 AM PDT by ChicagoConservative27
On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar’s value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation.
Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50 percent. It feels like every daily convenience — from a turkey sandwich to some handyman help — has increased by 50 percent or more.
Yet Biden seems entirely out of touch with this reality. In a recent CNN interview, he responded to these inflation numbers by claiming, “They have the money to spend.” In reality, it now costs the average American family $12,000 more to maintain the same living standards as before President Biden took office.
(Excerpt) Read more at thehill.com ...
20% inflation is sooooo much better than “mean tweets”.
Right Democrats?
Im sure everything will be fine, we won’t run out of money, they will print as much as we need. Buy WheelBarrows.
From the llowlife, hate-America, leftists, commies, liberals, socialists, progressives, Marxists, fascists, anarchists etc etc etc, at the rag, “The Hill”?
Amazing.
Inflation was 90% when I took office!
-Joe
As long as .gov gives everybody printing presses we will be fine.
;-)
I am beginning to think the democrats want to scuttle the ship as a tactic to make Trump fail.
Internationally known economist John Leguizamo says it’s all Trump’s fault................
Woohoo! Paying down the mortgage w/ gusto using ‘cheaper’ $. What’s NOT to love?!
The author’s data is BS.
“Your banks are safe. Your ATMs are safe. There’s plenty of cash in the financial system and there’s an INFINITE amount of cash at the Federal Reserve.”
President of the Minneapolis Federal Reserve
My thoughts exactly! LOL
Small business owners and staff should cheer up at a nice lunch together at Red Lobster. Everybody chip in and buy the gallon of gas to get there.
Oh, wait.
So great to be in the era of America turning woke and being fundamentally changed. /S
Everything is fine.
Someone posted on Fr a few weeks something similar.
BUT
the writer had looked at inflation in common food items and got a figure closer to 50% since Sleepy/Creepy Joe took office (45%).
At the very least it’s a mischaracterization of the data and out of context.
So great to be in the era of America turning woke and being fundamentally changed. /S
It's a service economy and we are being serviced. It's not like the bad old days when we used to make things.
BTTT
My wife tells me I’m in Hugh and series trouble if I buy one more T-Shirt with a message.
That is a fine example of argumentum falsum dilemma.
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