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Inflation: The Price You Pay for Biden’s Delusions

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Posted By: Garnet, 5/16/2022 5:04:08 AM

When the Bureau of Labor Statistics reported that inflation had risen at an annual rate of 8.3 percent in April, the White House and many news outlets made much of the minuscule decrease from the 8.5 percent rate reported for March. President Biden issued a statement, for example, that called the infinitesimal decline “heartening.” CNN ran a story titled, “US inflation slowed last month for the first time since August.” This wasn’t terribly comforting, however, considering that the inflation rate has nearly doubled since last April while real wages declined by 2.6 percent.

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Reply 1 - Posted by: Bur Oak 5/16/2022 6:32:34 AM (No. 1156608)
They are not delusions. What the Biden and his deep state are doing is the destruction of the economy and country so they can control it.
7 people like this.

Reply 2 - Posted by: SkeezerMcGee 5/16/2022 8:55:46 AM (No. 1156706)
The almost unbelievable recent increases in the market prices of purchasing and renting residences is going to crush our economy. Many people will not be able to afford purchasing or renting their residence, or these expenses will consume far too much of their budget.
5 people like this.

Reply 3 - Posted by: privateer 5/16/2022 9:11:25 AM (No. 1156727)
Some amusing comments by trolltards, esp. Fake Patriot. Will post lies for food.
1 person likes this.

Reply 4 - Posted by: Krause 5/16/2022 9:21:00 AM (No. 1156745)
Biden is killing the middle class. Retirement funds are down 20%, and people are paying 15-30% more for everything. A double whammy. The idiot is a wrecking ball.
4 people like this.

Reply 5 - Posted by: MDConservative 5/16/2022 10:14:01 AM (No. 1156814)
I keep having these flashbacks to 1980...when more than a decade of inflation, mostly under Republican administrations (Nixon/Ford), Carter got tagged with the blame for it all. Republicans, not Jimmy Carter, took us off the gold standard, imposed wage and price regulations, imposed a bureaucracy for enforcement, and handed out "Whip Inflation Now" buttons to rally flagging support for their "efforts". Both Democrats and Republicans "caused" this runaway inflation by sponsoring wars in Vietnam and on poverty, expanding welfare and social security (Medicare), space programs, and on and on. Carter got stuck holding the bag before the election of Ronald Reagan in 1980 - who finally had the political gall to take the bitter medicine of high interest rates and a recession necessary to wring it out. He was backed by the Fed and Paul Volcker. This inflation didn't begin on January 20, 2021. It wasn't caused by a few trillion infused by the Biden Administration. Its seeds are in the estimated $12 TRILLION thrown into the economy for COVID response, which shut down the economy and stranded millions without income. Congress passed, and PDT signed various bills that provided this incredible, unimaginable funding financed by printing press money - stimulus, paycheck protection, business grants and loans (with little expectation of payback), not to mention the cost of medical subsidies, vaccine development, and distribution, etc. etc etc. This will take years to settle. Don't kid yourself this is just a transient thing. Of course, government will help.
1 person likes this.

Reply 6 - Posted by: DVC 5/16/2022 12:03:23 PM (No. 1156948)
Not just Biden, all the Marxist left and the EcoCrazy fascists.
2 people like this.

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