by Ace
Best economy in history, Jack!
CPI: Inflation rises 2.9% year over year with prices up 20.3% since Biden-Harris took office
According to the latest CPI report from the Bureau of Labor Statistics released Wednesday, U.S. inflation rose 2.9% in July year-over-year, with prices continuing to rise, having surged 20.3% since January 2021, when Joe Biden and Kamala Harris took office.
Key Details:
The CPI report shows a 2.9% year-over-year inflation increase in July, slightly below the 3% economists predicted. However, this lower inflation rate does not mean prices are decreasing; they continue to rise and have surged by 20.3% since January 2021.
Prices for essential goods and services have seen significant spikes in that time, including gas (+50.5%), electricity (+31.7%), and groceries (+21.6%).
That’ll do it!
Economist E.J. Antoni commenting on the report tweeted, “Common expenses for the average American family are up 25% or more since Jan ’21; vehicle cost, maintenance, repair, and insurance are particularly bad – driving is now prohibitively expensive for many folks,” adding, “Consumer prices have never been higher, but I’m also curious what changed in Jan ’21…?”
The old spin was that “supply chains” were “snagged.” Two years after the reopening of the economy, that spin could no longer be spun, so Biden/Harris changed the propaganda: Now the only reason for inflation was “greedy corporations” jacking up prices. They were simply lying: No corporation was just increasing prices out of greed. They were increasing prices because the costs of their raw materials and labor had all gone up, because the dollars was now worth about 75% of it was before Biden flooded the world with cheap funny-money fake dollars.
Biden-Harris is basically North Korea, but operating out of the White House.
Noted Genius Susan Rice — she who first injected Hillary Clinton’s lie that “a video” caused the Benghazi attack on her CIA base — apparently isn’t aware that the New Propaganda Imperative is to pretend that Kamala Harris had nothing to do with White House policy, except for bringing “joy” and popularizing Venn Diagrams.
She’s calling Kamala the Cocksucker an “integral architect” of the Biden agenda.
According to Fox News, Former Biden domestic policy adviser Susan Rice strongly defended Vice President Kamala Harris on Tuesday, describing her as a crucial figure in shaping the Biden administration’s policies. Speaking on MSNBC’s “Andrea Mitchell Reports,” Rice dismissed the notion that Harris had not been a significant contributor to the administration’s agenda as “bizarre and offensive.”
Rice emphasized that the policies implemented by the Biden administration, including efforts to strengthen unions and raise the minimum wage, were initiatives that Harris played a central role in crafting. “Kamala Harris has been an integral architect and executor of the policies of the Biden-Harris administration,” Rice stated.
These comments come at a time when President Biden’s approval ratings are struggling, with recent polls showing his ratings dipping into the 30s on critical issues such as the economy, foreign policy, and immigration. The administration’s policies, which Harris has been closely associated with, are facing increasing scrutiny from both the public and political opponents.
White House Press Secretary Karine Jean-Pierre echoed Rice’s sentiments earlier this week, noting that there has been no “daylight” between Biden and Harris on policy issues. This alignment, however, has also made Harris a target for criticism. Trump campaign national press secretary Karoline Leavitt seized on this, sarcastically thanking the White House for confirming that Harris “owns” the problems created by the Biden administration, including inflation and the ongoing border crisis.
It starts with Fuel Costs and Biden’s irrsponsible War of Fossil Fuels to appease the Eco-Freaks and Russia/China as well as Greenpeace and Hair-A** will make it worse
Her Joy is another unearned advancement a velvet coup.
Everything she has is unearned, borne on the backs of taxpayers.
So, wait… was Kamala a “significant part” of the ongoing economic disaster or is she capable of fixing it on “day one”?
Trump is afraid to debate… supreme projection. “I will stack my record up against Trump’s anytime (except September 4th), anywhere (except at a debate on Fox).”