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The Biden Economy: Inflation Hits 20 Year High

By HatetheSwamp
August 11, 2021 4:57 pm
Category: Politics
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You'd almost think that this is by design. But, a tad more than six months on the job and the smoke filled room handlers of that perverted and demented doddering former trucker are wrecking the economy.


Cited and related links:

  1. zerohedge.com


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Comments:

  1. by Donna on August 11, 2021 5:35 pm
    Of course it's being politicized. But only a dumbasss would really believe it's all because of Biden.

    See link.
    politifact.com


  2. by Curt Anderson on August 11, 2021 5:55 pm
    Wages are up, people are traveling and dining out more. It's been rough since Biden became president. When will it stop?

    July consumer prices jump 5.4%, but core inflation rises less than expected
    Prices that Americans pay for everyday goods and services rose in July as pent-up demand for travel and restaurants kept inflation hot, but jumped about as much as economists had expected.

    The Labor Department reported Wednesday that its consumer price index rose 5.4% in July from a year earlier, in line with June’s figure and matching the largest jump since August 2008.

    Items on the menu last year costing $10, now costs $10.54. Except last year the restaurant was closed due to Covid.

    Inflation actually isn't taking a bite out of your paycheck. Wages have been going up faster during the pandemic.
    Inflation has been on the rise, but so are wages, especially in the leisure and hospitality industry.

    Looking back over the course of the pandemic, wage growth has outpaced the rate of inflation. The higher inflation seen through the summer, which some economists have cited in saying that American workers are seeing wage gains eaten up, just showed its first real signs of cooling in July.

    The government said CPI increased 0.5% on a month-over-month basis, matching a consensus forecast from economists surveyed by Dow Jones.
    cnbc.com
    businessinsider.com


  3. by HatetheSwamp on August 12, 2021 3:50 am

    Of course it's being politicized. But only a dumbasss would really believe it's all because of Biden.

    First, Donna, nothing is all about Biden. Are you in denial that Joe is just a figurehead? Do you remember, on the day of his Immaculation, when Joe signed those Executive Orders, he couldn't explain them? It's about the smoke filled room handlers of the ex trucker.

    Second, while I do think that the ex trucker's handlers' policies are significantly responsible for what's going on in the economy now, the truth is, politically, this is the Biden economy. The White House gets all the credit from voters when the economy is strong and all of the blame when it spins out of control...which it is.

    So, practically speaking. It's all because of Biden.


  4. by Donna on August 12, 2021 9:27 am
    Human beings believe all sorts of things that have no factual basis. That along with corruption is why democracy isn't a panacea for poor governing.


  5. by HatetheSwamp on August 12, 2021 10:22 am

    Oy! As long as, apparently, intelligent people are willing to vote, for President, for a perverted and demented doddering old fart who campaigned condemning lyin dog faced pony soldiers, this representative republic will be flawed.




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