Posted on 07/12/2021 6:57:13 AM PDT by ChicagoConservative27
The establishment media on Sunday blamed the coronavirus for disrupting supply chains and causing President Joe Biden’s inflation woes.
Vox blamed American workers for the increase in prices due to disrupting supply chains during the Chinese coronavirus.
“The pandemic, of course, meant a disruption in supply chains and habits. All of a sudden, millions of Americans were stuck at home, hoarding toilet paper and clearing grocery store shelves,” Vox wrote.
“According to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while,” the Wall Street Journal claimed, “Americans should brace themselves for several years of higher inflation than they’ve seen in decades.”
(Excerpt) Read more at breitbart.com ...
Gas prices dropped last year and groceries were ok.
Try another lie.
The economy is red-hot and it’s all Biden’s fault. I can’t understand how what’s left of Breitbart thinks this is a winning message.
gas prices dropped because the economy shut down. Then the economy re-opened because enough sane people took the vaccine and gas prices rose. This isn’t hard.
...the Wall Street Journal claimed, “Americans should brace themselves for several years of higher inflation than they’ve seen in decades.”
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How exactly does one “brace themselves” when the cost of electricity, gasoline, autos, homes, and food has all skyrocketed by 20% to 50% and ones wages are up a whopping 2%? How does that work mathematically?
I thought everything was Trump’s fault?
*************
That has been the default position for a long time. Must be losing some of its effect.
Idiot governors shutting down economies to get Trump out of office caused the work interruptions and the supply chain problems. Don’t think they’re gonna be able to put Humpty Dumpty back together again.
How exactly does one “brace themselves”...
When hyper inflation hits, Sell your beater car for the “hyper inflation” adjusted price and use the proceeds to pay of the loan. :)
we also shut down the pipeline and domestic oil production.
we were a net exporter.
thanks biden
taxes are going up too, biden will hit the public with a (retroactive?) tax hike at some point. Already he’s bitter about possible cuts in state taxes.
Inflation does not affect the elites like it does the rest of us. Its merely an annoyance for them but for most people its devastating because they have no way to mitigate it.
We’re also seeing shrinkflation wherein contents of packages are getting smaller and smaller but the price doesn’t.
Anyone who spends time in stores shopping for food, etc. see’s that inflation is already here. The elites don’t have to shop in stores; they have others do it for them so they don’t have to concern themselves with it or moderate their spending. They don’t have to sacrifice a thing.
>>Vox blamed American workers for the increase in prices due to disrupting supply chains during the Chinese coronavirus.
vox sucks
how about blaming the American non-workers who sit at home drawing full pay (or more) in unemployment “benefits” and even GREATER bonus payments.
I believe that graph is of the Shiller PE. Second highest in history.
People chasing stocks right now are asking for trouble. Its very hard to find any stocks that are reasonably priced. At these levels the downside risk is substantial.
Oh, so lockdowns caused the supply problem.
I agree, but it is more risky to short parabolic markets.
How long can FED continue printing electronic money?
No one can do that for ever. Weimar Germany tried it, Argentina tried it, Zimbabwe tried it. Keep plenty of powder dry. Patience is a virtue and will be rewarded.
While the stock market is up today LOL.
The Colonial Pipeline that Putin hacked?
the Keystone XL pipeline
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