“Best economy ever.”
— DNC
Anyone who voted for this needs to feel their pain with the intent of waking them up if that’s even possible for them.
Not that I like Biden, but the amount my real estate is up more than makes up for the inflation in goods.
My pot boiled off in 2008
Bidenflation is hitting the suppliers and manufacturers and it gets passed onto the stores and Biden tries to cover his ass and blames stores for gouging.
MEDIA APPROVED
https://charleshughsmith.blogspot.com/2023/11/never-mind-bogus-measures-of-inflation.html
Never Mind Bogus Measures of Inflation—Purchasing Power Is What Counts, and It’s Decaying
“If your earnings rose by 34% from January 2020 to October 2023, congratulations, the purchasing power of your labor kept pace with higher costs.
Official measures of inflation are a long-running tragi-comedy: comedic in the transparency of the distortions, and tragic in the consequences: what will you believe is true—the statistics or your lying eyes?
The basic gimmick of distortion is to underweight whatever is eating away at the purchasing power of earnings and highlight the trivial items that are getting cheaper due to declines in quality and globalization. So your rent went up by $200 a month, or $2,400 a year, but since TVs dropped $40 and toys dropped $20, inflation is only 3%. So stop feeling poorer, everything’s great! Inflation is dropping!
You see the problem: the scale of spending on essentials such as shelter, healthcare, childcare, etc. is far greater than the trivial “lower in price” items. If 95% of your essential spending is rising in cost, trivial declines in the 5% of discretionary spending do not offset the gargantuan declines in purchasing power.”