Posted on 08/16/2023 5:06:50 AM PDT by ChicagoConservative27
On Tuesday’s broadcast of the Fox News Channel’s “Faulkner Focus,” Sen. John Kennedy (R-LA) noted that the decline in the inflation rate just means prices aren’t going up as fast as they were, “but these high prices, they are permanent. Even if inflation goes to zero tomorrow, we’re still going to be stuck with these higher prices, which are a direct result of President Biden’s economic policy.”
Kennedy said, “Because of President Biden’s inflation, and Bidenomics, [families are] paying an extra $700 a month, $9,000 a year, and they don’t have it. Yes, if there’s any good news, the rate of inflation has been thawing. Now, what does that mean? That just means prices are still going up, but they’re not going up as quickly as they were. But these — I hate to say it, but these high prices, they are permanent. Even if inflation goes to zero tomorrow, we’re still going to be stuck with these higher prices, which are a direct result of President Biden’s economic policy. And do the people around the White House get it? I think some get it, but they can’t defend it. Others just feel like their favorite form of spending — which is causing this inflation — is more, and they don’t get it. But either way, this is all — this inflation’s a cancer on the American Dream. And I will tell you, it’s going to be — I know President Biden wants to change the subject in the election to President Trump and his indictments, but if you ask me to single out one thing that is causing President Biden — as I said — to be about as popular as robocalls, it’s this inflation.”
(Excerpt) Read more at breitbart.com ...
yep.
Bidonomics simply means the Biden family enriches themselves with bribes while everyone else suffers.
*High prices are permanent even if inflation is zero.*
Doesn’t work that way does it? If inflation is zero then growth will make those prices low. Please explain.
The current inflation is the cumulative total of the incremental increases in prices over time.
The unions are kicking in insisting on large wage increases. The increase in labor costs are permanent
With Ford stock around $12, an across the board increase in UAW costs will result in a Ford share price of $0. Ford will just be gone
no one is going to lower their prices, high prices are here to stay, the rate they are increasing may slow or even level off, but with maybe the exception of something like gas everything else like food, housing etc is never going back down to what it was.
“Whaaa! Democrats have screwed things up! We’re just powerless Republicans and we’re victims too. Nothing can be done. Sorry America.”
What is the eventual outcome of ruinous inflation and prices never coming down? I see it as a domino effect. If people cannot afford things businesses that they used to frequent those business dry up meaning fewer people employed, fewer sales taxes being collected, more poverty, etc.
What does it finally look like in the end? And how does it get turned around?
Bidenomics inflation will pale next to the U.S. loss of the dollar as the reserve exchange currency. I don’t see any way to stop it now. This administration’s globlal thuggery has wrecked the world’s view of America, leading the world producering countries to run away from the dollar. They have figured out that the U.S. is likened to a piranha that has been feeding off their economies and now the air is leaking out of that illusterous dollar balloon. It all spells the decline of America’s domestic econimic strength and as a leader in world events
Consider that since the Federal Reserve was formed we have had a total of about 3000% inflation. It was funny watching Mad Men where a character was buying a 5 room Manhattan apartment in 1960 for about what I bought a car for last year.
Bidenomics= Americans spending $9000 more a year while being told how wonderful the economy is by the one who Increased our taxes and prices on everything.
Yeah libs, keep bragging!
Inflation can’t go down as Biden squanders trillions it’s the fuel for the fire.
True we're all hurting. But liberal 'elties' are doing better... remember - 5 of the wealthiest zip codes in the country are clustered around Washington DC. Democrats know how to take care of themselves and their mansions and their worthless offspring.
no one is going to lower their prices, high prices are here to stay, the rate they are increasing may slow or even level off, but with maybe the exception of something like gas everything else like food, housing etc is never going back down to what it was.
Is there no one left who knows what happened in 1932?
I am an admirer of Senator Kennedy...smart, funny and a great conservative, but he is wrong..
This country is headed for broke. You already see the beginning in CA where downtown real estate is crashing. Certain areas, like my area, are doing very well because of several very big projects under construction, but that same pattern took place in the great depression.
Eventually everyone is affected.
The only way prices go down is if we tip over into deflation.
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