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 ...
Bidenflation 2020-2024 20.68%
As if the inflation wasn't his fault to begin with? (Well, he did have help from Congress, I suppose....)
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.
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.
https://www.zerohedge.com/political/lets-be-honest-economy-not-doing-well
Let’s Be Honest: The Economy Is NOT Doing Well
“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.
INFLATION is but a PORTION of the TOTAL PICTURE!
Your post #7 says and states it in as CLEAR and SIMPLE terms as anyone ever could. Thank You!
It’s amazing how fast everyone forgets.
They count on that.
Gas here in CA now $5 / gal as of last week.
FJB.
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.
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.
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!
Indeed they received the liberal free ride ticket it helps the democrats to keep socialism alive and growing.
Karl Mark taps box
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