Good day all. It’s no surprise that people are hurting under Bidenomics. Inflation has reached levels not seen since the 1970’s. There have been a few months where inflation didn’t go up as catastrophically as it has in other months. However, April was not one of those months.
Since the Worst President* in American history, Joe Biden, inflation has gone up a good 20 percent or more. Dementia Joe, of course, denies there are any problems then calls a lid and retires for the day around 2pm. Of course, the reality is very different, especially since inflation jumped in April a lot more then was anticipated. (Shocking, I know) Here are the details from Fox Business News:
Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame.
The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month. On an annual basis, prices remain up 2.2% – the highest level since April 2023. While the monthly gain is notably higher than the 0.3% increase forecast by LSEG economists, the headline figure is in line with expectations.
There are a few graphs and other details in the Fox Business story that I both don’t fully understand, and don’t really believe. I’ll let others dig into that.
High inflation has created severe financial pressures for most U.S. households, which are forced to pay more for basics like rent, groceries and gasoline. Price hikes are particularly devastating for lower-income Americans, because they tend to spend more of their already-stretched paycheck on necessities and therefore have less flexibility to save money.
Food prices are up massively, thanks to the incompetence and outright stupidity of not just Potato head Biden, but all the Communists, Socialists, Marxists and Global Warming fanatics he has brought into his maladministration. They have actively worked to wreck the United States economy. Energy prices are up significantly under this moron due to all the people working to kill American energy production and independence.
As things stand now, we are looking at a potential depression that will make the one in 1929 look like a minor correction. The only way to both prevent that from happening and turn things around is to stop all spending not mandated by the Constitution. That is not something the Democrats will even consider, and frankly, we have to many so called Republicans who have the same mindset. We do have one way to fix things of course.
Thatisall
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~The Angry Webmaster~
By the standards of the Great Depression, we are probably already in a depression, or at least the very beginnings of one. Biden’s economists just keep moving the goalposts in an effort to disguise that inconvenient fact. I’m not one of those people who thinks the Donald can save us from everything, but he has the best chance of available candidates for not making things worse.
Trump does have a net positive track record, and if he can get the right people into place early, he has a chance. If the Democrats somehow take full control again, it’s all over and I doubt there will be a United States in 4 years.