Posted on 12/11/2025 4:03:16 PM PST by nickcarraway
Diary of disturbing disinformation and dangerous delusions
This claim:
“We lowered the price of everything.” — Former President Joe Biden, Friday
We say: Uh oh, Joe’s into the Rocky Road again. Maybe if you too slept through his presidency you could buy Biden’s line that his was a golden age of affordability.
But if you had to buy groceries or pay for gas then, you surely saw how inflation ran red-hot on his watch: Home prices alone soared 38% and gasoline prices rose 31% — while real wages fell 4%. Affordability? Please.
(Excerpt) Read more at nypost.com ...
Biden doesn’t know what day it is. KBJ doesn’t know what a woman is.
Discounted Hunter Biden paintings are not significant in lowering prices.
She knows how they taste where it matters.
Joe was completely wrong about prices & now I think that even though inflation may have tamed, we are still looking at some of those ridiculous prices, just at a lowered inflation rate now. Other than gasoline which fluctuates but is lower right now,there are certain other products that are marked down, but are you getting the same quantity & quality in those products? Here where I live, there has been an increase in the price of coffee as a f’rinstance. It may come down later. I hope it does before I have to buy more. The specific quantities it is sold in makes no sense either.
Do you think it would help her, if she took a biology course?
That’s how stupid these two are.
At all.
Egg prices are up $1/dozen here vs last week, but that may be due to the floos(WA).
Dementia Joe and KBJ the most stoopid jurist Ever.
Refresher course
From June 2020 through October 2023, overall prices grew by 19.7 percent, or nearly one- fifth in just three years. Food prices rose 21 percent and shelter prices increased by 19 percent. The Case-Shiller index, a sensitive metric for new and used home sale prices, increased by 43 percent.
Adding up the deficits for FY2020 through FY2023 totals $8.8 trillion. Outside of wartime, no four years in U.S. history has seen deficits this large, either in nominal terms or as a percent of GDP.
This infusion of trillions of deficit dollars resulted in a 25.4 percent increase in bank assets between 2020 and 2021, which banks converted into loans. Consumer loans rose by 19.2 percent, real estate loans grew by 12.1 percent, and total loans for the banking system expanded by 13.7 percent. The last time there was such a jump in lending was in the run-up to the Great Recession, 2005 and 2006.
This greater supply of credit was complemented by a large increase in the money supply. Between March 2020 and April 2022, a broad measure of the money supply grew by $5.4 trillion, which was about a third of GDP during that period.
Alternative explanations of inflation fail to refute the connection between funding federal deficits and rapid increases in household and business purchases. These alternative explanations of inflation include supply chain disruptions, price gouging, and the arguments of Modern Monetary Theory.
While Congress bears principal responsibility for jump-starting our recent inflation, they also hold the power to cure it. Prices probably will not fall back to 2020 levels, but Congress can help increase economic efficiency and productivity, which will help raise incomes and, thus, close the family budget squeeze. Congress can help close the gap by reforms to the tax code, to regulations, and to international trade rules.
https://epicforamerica.org/the-economy/is-inflation-the-result-of-excessive-deficit-spending/
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