Joe Biden is on a roll lately, and not for anything good.
Over the last year, the American people have seen the price of gas and food rise while the cost of living stays the same.
The mainstream media and the left are trying to tell the public that inflation is a good sign and that it is a key indicator of a strong economy.
***FOLLOW ME ON FACEBOOK***
Uh, I have no idea where they went to school or learned that but that is totally wrong.
But, Biden’s team and his fan base are still clinging to this alternate reality, which is why they must think the latest report released is a good thing.
It is no secret that Biden has broken records with his high inflation during his term and he just broke another record.
On Thursday, the government released a report showing that inflation rose 0.8% from January to February, up from the 0.6% increase from December to January.
Here is more from Western Journal:
For most Americans, inflation is running far ahead of the pay raises that many have received in the past year, making it harder for them to afford necessities like food, gas, and rent. As a consequence, inflation has become the top political threat to President Joe Biden and congressional Democrats as the midterm elections draw closer. Small business people said in surveys that it’s their primary economic concern, too.
Seeking to stem the inflation surge, the Federal Reserve is set to raise interest rates several times this year, beginning with a modest hike next week. The Fed faces a delicate challenge, though: If it tightens credit too aggressively this year, it risks undercutting the economy and possibly triggering a recession.
Energy prices, which soared after Russia’s invasion of Ukraine, jumped again this week after Biden said the United States would bar oil imports from Russia. Oil prices did retreat Wednesday after reports that the United Arab Emirates would urge fellow OPEC members to boost production. U.S. oil was down 12% to $108.70 a barrel, though still up sharply from about $90 before Russia’s invasion.
…….
The economic consequences of Russia’s war against Ukraine have upended a broad assumption among many economists and at the Fed: That inflation would begin to ease this spring because prices rose so much in March and April of 2021 that comparisons to a year ago would show declines.
Should gas prices remain near their current levels, Eric Winograd, senior economist at asset manager AllianceBernstein, estimates that inflation could reach as high as 9% in March or April.
The cost of wheat, corn, cooking oils, and such metals as aluminum and nickel have also soared since the invasion. Ukraine and Russia are leading exporters of those commodities.
Even before Russia’s invasion, inflation was not only rising sharply but also broadening into additional sectors of the economy. Many prices have jumped over the past year because heavy demand has run into short supplies of items like automobiles, building materials, and household goods.
The inflation we have been seeing in our nation was out of control before the Russia and Ukraine conflict. despite what the left is trying to say now.
***FOLLOW ME ON INSTAGRAM***
Yes, the prices of gas have risen since then, but it was already super high.
Gas was not $1.25 last week a gallon and now over $5.00.
The price of gas for our cars was already significantly higher than when President Trump was in office, and there does not seem to be any end in sight.
According to recent reports, gas could get as high as $10.00 a gallon!
How is this punishing Russia?
How is this something we need to do?
No one is saying that we should not care about the Ukrainian people, but let’s be real, what Biden is doing right now is not for the benefit of the Ukrainian people.
***FOLLOW ME ON GETTR***
This is by design to topple our nation and usher in the great reset.
What do you think?
