Bidenomics = stagflation, here's the inflation part

In Reply to: Deff Ears posted by Dean on August 04, 2023 at 08:34:21:

How Much Has Inflation Really Gone Up Since 2021?
By Shaun Kenney - August 2, 2023

50% for food, 25% for energy — and it was all planned. How much longer should we tolerate it?

Great news, товарищ! Inflation only rose 3.0%! Gas prices fell to a modest $3.69/gal! Celebrate Comrade Biden’s Glorious Four-Year Plan!

Of course, if you’re not buying it? It’s probably because you can’t afford to…

Here are a few helpful charts to put that pain into perspective. Whether it is energy prices — gasoline, electric, other — or food prices, Americans aren’t just hurting, they are being wrung out as a matter of policy in an effort to avoid a recession.

Biden’s policy wonks might cheer their efforts, but the fact of the matter is that inflation is and remains a hidden tax on the working class, one that is making the middle class poorer while safely protecting those with excess means — and specifically the state and federal government.

News Flash to Policy Wonks: People Are Hurting Out There
Something to consider: what we are witnessing is the undoing of the Republican-era federal tax policies enacted by the Trump administration in 2017. Whether by design or in reaction to the Russian-Ukrainian conflict, it is one of the largest wealth transfers in the history of the United States — and it is going to those who already have it at the expense of those who never did.

• click here for the full article and statistics charts

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• Re: Bidenomics = stagflation, here's the inflation part - Dean 07:37:00 08/05/23 (0)

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