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Bidenflation Is Even Worse Than You Think

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Posted By: ladydawgfan, 3/13/2024 11:37:52 PM

It doesn't take a master's degree in economics to understand that prices are up in every sector of the economy. The economy under Joe Biden is nickel-and-diming us at every turn, and Americans can see past the smoke and mirrors that the White House is using to try to convince us that everything is fine. The federal government's measure of price increases, the Consumer Price Index (CPI), has consistently shown that inflation isn't going away. The most recent CPI report indicates a 3.2% increase in prices from Feb. 2023 to Feb. 2024. That's a significant increase, but it only shows the increase over a rolling 12 months.

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Anyone who actually buys gas for their car or groceries for their family knows that Dementia Joe is full of bovine scatology!!

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Reply 1 - Posted by: stablemoney 3/14/2024 12:06:50 AM (No. 1677137)
The only way for inflation to go away is for the deficits, and bloated government payrolls, to go away. It is an election year, so that won't happen. The uniparty will continue the spending to prop up the illusion of prosperity.
5 people like this.

Reply 2 - Posted by: JimBob 3/14/2024 2:32:38 AM (No. 1677177)
My hobby is cars. The price of auto parts must not be in the Consumer Price Index. If it were, then the Index would be up by 50% or more over the last 2 years. INTEREST on the National Debt now costs more than running the MILITARY SERVICES!
5 people like this.

Reply 3 - Posted by: Lawsy0 3/14/2024 2:51:34 AM (No. 1677183)
It will always be worse than I think. Because as long as I know Biden is still C-in-C, a/k/a Charles in Charge, it will continue to be circling the porcelain facility.
3 people like this.

Reply 4 - Posted by: Trigger2 3/14/2024 5:16:50 AM (No. 1677221)
When voters put a lunatic into the presidency, this is the normal result.
2 people like this.

Reply 5 - Posted by: mifla 3/14/2024 5:21:55 AM (No. 1677227)
Biden is proposing a $7T budget. Hope everyone likes inflation.
4 people like this.

Reply 6 - Posted by: chumley 3/14/2024 7:46:47 AM (No. 1677303)
I dont care what Biden and his communists say. When the price of my pop has doubled and KFC is $40 for a plain bucket, things are not good. Our solution is to buy less at the food store and more at the ammo store.
6 people like this.

Reply 7 - Posted by: Bur Oak 3/14/2024 7:51:24 AM (No. 1677310)
I bought some garden seeds yesterday. The country store manager said he had just gotten a shipment of seeds and they had gone way up. As an example, sweet corn seed had gone from $20/lb. to $44/lb. Food prices will continue to rise.
3 people like this.

Reply 8 - Posted by: Clinger 3/14/2024 8:05:37 AM (No. 1677325)
If inflation were to stop today we are still left with a devalued purchasing power due to an increase in the money supply of over 40%. And there's no sign that deficit spending is coming to an end which drives the borrowing and drives the printing of money to hand to the federal reserve to cover the loans to spend away. But even in a perfect best case scenario we're stuck with devalued money and a lower standard of living. Might as well smoke a cigarette.
4 people like this.

Reply 9 - Posted by: jdano 3/14/2024 10:29:53 AM (No. 1677437)
Yesterday I bought an ordinary bottle of cough syrup at Walgreens for $20.! Up from $10. a year ago.
3 people like this.

Reply 10 - Posted by: jalo1951 3/14/2024 11:29:11 AM (No. 1677477)
Printing Monopoly Money devalues what you have in your wallet and pushes inflation higher. And inflation is not reset every month. It is a cumulative tax that is added to the previous month, which had been added to the previous month, which was added to the other previous month and on and on. Printing money, passing out that money and a ridiculous budget proposal calling for more "free money" will bring us to our knees. Courtesy FJB and the dems.
3 people like this.

Reply 11 - Posted by: franq 3/14/2024 11:46:10 AM (No. 1677491)
I am looking at various tools I bought 5-10 years ago. Socket sets, bench grinder, other stuff... Nearly doubled in price.
2 people like this.

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It doesn't take a master's degree in economics to understand that prices are up in every sector of the economy. The economy under Joe Biden is nickel-and-diming us at every turn, and Americans can see past the smoke and mirrors that the White House is using to try to convince us that everything is fine. The federal government's measure of price increases, the Consumer Price Index (CPI), has consistently shown that inflation isn't going away. The most recent CPI report indicates a 3.2% increase in prices from Feb. 2023 to Feb. 2024. That's a significant increase, but it only shows the increase over a rolling 12 months.
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