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Bidenflation Soars To 18.8%, Squeezing Americans
Tippinsights ^ | 4/13/24 | Editorial Board

Posted on 04/13/2024 8:42:26 AM PDT by CFW

We are in an election year. President Biden, a seasoned politician, has failed miserably in tackling inflation and is now attempting to shift blame for "Bidenflation" onto Trump, a move even noted by The New York Times, which dubbed it Biden's Plan B. Commenting on the latest CPI release, President Biden said:

We’re better situated than we were when we took office where we— inflation was skyrocketing. And we have a plan to deal with it, whereas the opposition — my opposition talks about two things. They just want to cut taxes for the wealthy and raise taxes on other people.

The dark reality of Bidenomics is 18.8% inflation under the President’s watch, which is 6.0% on an annual basis. When he took office, inflation was at just 1.4%. Since March 2021, it has stayed above the Federal Reserve's 2% target (37 consecutive months.)

Inflation results from excessive Federal Reserve money printing and government spending, expanding the money supply. This leads to prices rising and effectively acts as a hidden tax on everyone.

Despite a decrease from the highs of mid-2022, many families continue to face significant inflationary pressures. Prices have increased by 18.8%, while real wages have declined by 2.5%. Average hourly earnings for all employees dropped 2.5% to $11.11 in March 2024 from $11.39 in January 2021 when Biden assumed office.

According to Mark Zandi, the chief economist at Moody's Analytics, the typical U.S. household now requires $1,069 more each month (equivalent to $12,828 annually) compared to three years ago, $784 more per month compared to two years ago, and an additional $227 per month compared to last year. The Allianz Life study found 67% are more concerned about paying bills now than their financial future.

(Excerpt) Read more at tippinsights.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government
KEYWORDS: bidenomics; economic; economy; inflation; wages
The media tells us that either we are wrong about inflation or that it is our fault. Biden just lies and whether or not he knows that he is lying about the economy is up for discussion. His mind has long gone so now he is not only corrupt but he is also clueless about the corruption going around him.
1 posted on 04/13/2024 8:42:26 AM PDT by CFW
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To: CFW

Bidenflation 2020-2024 20.68%

https://www.calculator.net/inflation-calculator.html?cstartingamount1=100&cinmonth1=13&cinyear1=2020&coutmonth1=3&coutyear1=2024&calctype=1&x=Calculate#uscpi


2 posted on 04/13/2024 8:45:42 AM PDT by Ruy Dias de Bivar
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To: CFW
....has failed miserably in tackling inflation...

As if the inflation wasn't his fault to begin with? (Well, he did have help from Congress, I suppose....)

3 posted on 04/13/2024 8:58:24 AM PDT by Chad C. Mulligan
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To: CFW

The inflation rate for regular consumers is more like 30%, and in many cases, higher than that.

Official inflation rates, or inflation rates calculated by economists, are not the real story on the ground.


4 posted on 04/13/2024 9:00:11 AM PDT by adorno (CCH)
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To: CFW

The media is doing a fantastic job of burying the true economic disintegration of the country while giving nonstop coverage of Trump’s legal issues and abortion.


5 posted on 04/13/2024 9:11:42 AM PDT by dowcaet
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To: dowcaet

https://www.zerohedge.com/political/lets-be-honest-economy-not-doing-well

Let’s Be Honest: The Economy Is NOT Doing Well


6 posted on 04/13/2024 9:43:18 AM PDT by CFW (I will not comply!)
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To: CFW

“inflation was skyrocketing”

Hilarious.

It was almost flat. As soon as Biden signed his EO’s crushing oil production and delivery, inflation rockets up.

It’s entirely his fault.


7 posted on 04/13/2024 9:48:43 AM PDT by Regulator (It's fraud, Jim)
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To: CFW
The TRUE PRICE INCREASE in many cases is as much as a 150% more than I paid BEFORE Biden came to power.

INFLATION is but a PORTION of the TOTAL PICTURE!


8 posted on 04/13/2024 10:14:03 AM PDT by VideoDoctor
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To: Regulator
It’s entirely his fault

Your post #7 says and states it in as CLEAR and SIMPLE terms as anyone ever could. Thank You!

9 posted on 04/13/2024 10:17:07 AM PDT by VideoDoctor
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To: VideoDoctor

It’s amazing how fast everyone forgets.

They count on that.

Gas here in CA now $5 / gal as of last week.

FJB.


10 posted on 04/13/2024 10:59:16 AM PDT by Regulator (It's fraud, Jim)
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To: adorno

18% Inflation - What a joke!!! People need to get their heads out of the sand and realize that at least 25% needs to be added for package shrinkage. So, overall inflation is at least 50% over the last 3 years for most items and into double and triple digits for some items such as gasoline, electricity, auto and home insurance and fuel oil. Anyone who votes for Joe Biden has to be totally devoid of intelligence.


11 posted on 04/13/2024 12:55:27 PM PDT by KennyM
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To: CFW

Biden, a seasoned politician, has failed miserably in tackling inflation.

And his party backed him 100% a thing for the democrat voter to remember if you want the hunger pains to go away and get rid of the new comers camping in your back yard and following your daughter every place.


12 posted on 04/13/2024 1:16:04 PM PDT by Vaduz
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To: Vaduz
Biden, a seasoned politician, has failed miserably in tackling inflation.

Biden claims that people are better off with him in the White House.

If you're better off now than 4 years ago, you're most likely a newly arrived illegal alien!

13 posted on 04/13/2024 3:07:39 PM PDT by roadcat
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To: roadcat

Indeed they received the liberal free ride ticket it helps the democrats to keep socialism alive and growing.

Karl Mark taps box


14 posted on 04/14/2024 7:40:42 AM PDT by Vaduz
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