Inflation rising 3 to 4 times faster than wages

Gary K · Jul 15, 2021

Inflation Data Released Today Shows White House July 4th Price Claims Were Total Crap, Gas Prices Doubled, Annualized Total Inflation Rises to 5.4 Percent and Climbing - The Last Refuge

On July 4th the White House made the preposterous claim that holiday food was cheaper than last year. Everyone who buys groceries knew that level of propaganda was unmitigated nonsense

theconservativetreehouse.com

marke · Jul 17, 2021

Leftists have been lying about inflation for months in order to prop up Biden's failed fiscal policies. But now they are starting to tell the truth because more Americans are beginning to see the lies for what they are.

Yellen Predicts ‘Rapid Inflation’ After Downplaying Risk For Months

Treasury Secretary Janet Yellen acknowledged

dailycaller.com

Treasury Secretary Janet Yellen acknowledged “rapid inflation” will persist for several more months after she repeatedly downplayed the risk of consumer price increases.

marke · Jul 19, 2021

Biden believes increasing democrat tax and spend policies that cause inflation will cure inflation. Biden may turn out to be the stupidest president ever.

Biden Argues Massive Government Spending Will Help Fend Off Inflation, Not Exacerbate It | National Review

Biden was referring to the $1.2 trillion bipartisan infrastructure bill and the $3.5 trillion budget resolution.

www.nationalreview.com

Former treasury secretary Larry Summers warned that Biden’s $1.9 trillion coronavirus relief bill was “the least responsible fiscal macroeconomic policy we’ve have had for the last 40 years,” in a March interview with Bloomberg TV. That relief bill included funding for state and local governments, medical aid, and a round of checks to all Americans.

ok doser · Jul 19, 2021

Pretty sure that's a given, and was recognized by the left for decades before they saw him as their savior to defeat Trump.

Joe's an idiot. A venal idiot.

And he's a rapist.

ok doser · Jul 19, 2021

Caution - language

TomO · Jul 20, 2021

marke · Jul 30, 2021

Democrats seem totally ignorant of the relationship between high taxes, big spending, and inflation. Maybe they stupidly think inflation is not something they need to worry about. If so, they are incompetent to hold office. Inflation means poor people will pay higher costs for everything from fuel to food, and the economy will be slowed down due to strains on businesses.

Message to lawmakers: Don't spend trillions of dollars on global warming. Don't spend millions of dollars on abortion. Don't spend trillions of dollars on black community handouts and bill payment programs. Don't spend billions of dollars on free education for the unqualified and incapable. Spend trillions of dollars on paying down the debt and investing in projects that boost economic activity and free enterprise prosperity.

Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years

Consumer prices, excluding the volatile food and energy components, soared well beyond the Federal Reserve's 2 percent target in the year to June, reaching levels not seen in 30 years and reinforcing concerns about inflation.

www.theepochtimes.com

Consumer prices, excluding the volatile food and energy components, soared well beyond the Federal Reserve’s 2 percent target in the year to June, reaching levels not seen since 1991 and reinforcing concerns about inflation.
The so-called core personal consumption expenditures (PCE) price index, which excludes food and energy and is the Fed’s preferred method for gauging inflation, rose 3.5 percent in the 12 months to June, after rising 3.4 percent in the year to May, the Commerce Department said on Friday. The last time the core PCE inflation gauge saw a similar year-over-year vault was in July 1991.

Right Divider · Jul 30, 2021

Inflation has but one real cause: Inflating the money supply ("new" dollars added to the system) by the Federal Reserve.

It is completely immoral and evil. It steals from almost everyone, except those well connected people at the top that are able to get their hands on the "new money" first (i.e., before the full effects of additional dollars competing for the same resources takes hold).

marke · Aug 9, 2021

As head of the democrat party, Joe Biden must take responsibility for the rapid rise of inflation this country is undergoing as a result of the damaging democrat tax-and-spend-beyond-restraint policies. Democrats do love to spend money and democrat politicians do get a lot of political support from Americans who reap financial rewards from targeted democrat spending. However, not only does the overall economy suffer from bad fiscal policies, and working Americans who do not receive special advantages from democrat largesse are made to suffer, but all poor Americans are made to suffer the worst because of rising prices for everything.

Republicans use inflation as campaign issue as Dems seek to tout Biden’s economic agenda

House Republicans plan to make the rising cost of living a key messaging point as they seek to take back the majority next year.

www.washingtontimes.com

House Republicans plan to make the rising cost of living a key messaging point as they seek to take back the majority next year.
The National Republican Congressional Committee launched several targeted ads last week that tied vulnerable Democrats to inflation and excess spending.
“Inflation is a tax on every single American and is a direct result of Democrats’ reckless spending,” said a statement by Rep. Tom Emmer of Minnesota, who chairs the NRCC. “We are going to ensure voters know that Democrats are responsible for the higher costs they are paying for just about everything.”

marke · Aug 22, 2021

Forget what lying leaders and officials claim about how insignificant inflation is. The real cost of voter-frauding democrats into absolute power is already being tragically felt on the streets and lanes of America where most lower-income people are trying to eke out livings. Democrat spending has caused a sharp rise in the cost of goods. Democrat shuttering of American gas and oil production has caused a steep rise in energy and gasoline costs. Democrat shutdowns of business and generous funding of worker idleness have caused a serious shortage of workers and damaged the ability of businesses to stay afloat. Higher taxes and regulations have laden businesses down to the point they cannot expand their businesses and grow jobs.

America has rejected God by allowing devils to seize illegitimate control of the country and execute demonic policies that only do damage to the economy and people, not good.

High Inflation Could Be Stickier Than Anticipated

U.S. inflation showed some cooling off in July, after posting large gains in prior months. Consumer prices rose at their slowest monthly pace since February, providing some relief to those in the “transitory” camp, who hold this bout of inflation is not a long-term phenomenon.

www.theepochtimes.com

Rents dropped significantly during the pandemic across the country, but now they’re surging at a rapid pace, as more workers return to metro areas, boosting demand for rental apartments. A sustained increase in rents could lead to more persistent inflation, as price increases are hard to reverse.
“We’re going to head into a very high rent period in the next 10 years,” Ken McElroy, CEO of MC Companies, a real estate investment firm, said in an interview.
Soaring home prices are also pushing people to the rental market. Home prices nationwide rose by 16.6 percent in May, setting a record, according to the S&P CoreLogic Case–Shiller index.
If rents track home prices as in the past, then this could be “a big deal” for inflation, according to Jacobson, as shelter costs have historically lagged home prices by around 18 months.
In addition, surging gas prices have had a significant effect on inflation. In the past year, gasoline prices have risen 41.8 percent, becoming a concern for the Biden administration. The White House on Aug. 11 issued a statement urging the Organization of the Petroleum Exporting Countries and Russia (OPEC+) to address rising gasoline costs by boosting oil production. Analysts believe strong demand and slow growth in supplies will likely push energy prices higher in the coming months.

marke · Aug 28, 2021

Biden is shocked by the horrors unleashed by the Afghanistan policies he replaced Trump's policies with. And America is suffering staggeringly high inflation rates with no end in sight in spite of overly optimistic democrats and lefties who think the economic health of the nation is due to government spending and taxation and not hard work and reasonable fiscal policies.

Key Inflation Gauge Posts Fastest Annual Price Gain in 30 Years

The Federal Reserve's preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.

www.theepochtimes.com

Powell acknowledged the relatively high level of Friday’s core PCE print, noting it’s “well above our 2 percent longer-run objective” and that both businesses and consumers “widely report upward pressure on prices and wages.”
“Inflation at these levels is, of course, a cause for concern. But that concern is tempered by a number of factors that suggest that these elevated readings are likely to prove temporary,” he said, arguing that the current spike in inflation is largely driven by a relatively narrow group of goods and services that have been directly impacted by the pandemic and the reopening of the economy.

marke · Sep 11, 2021

The prices keep going up on all Americans as the democrats keep spending trillions of dollars for pork and personal gain for themselves in the flow of the money. That is how Biden and Obama went from dirt poor to multiple millionaires in just a few decades working their magic on the US Treasury with the aid of crooked politicians and businessmen. The democrats did not steal the election for Biden, they stole it for themselves with plans to get rich off government spending for years to come.

Wholesale prices soar, small-business optimism falls as Dems weigh trillions in new spending

Wholesale prices soared 8.3% in August from a year ago, the biggest annual gain since the Labor Department began tracking the inflation data in 2010 and potentially another sign of trouble for President Biden’s big-spending agenda.

www.washingtontimes.com

Department began tracking the inflation data in 2010 and potentially another sign of trouble for President Biden’s big-spending agenda.
The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.
Wholesale food prices rose 2.9% in August and have climbed 12.7% in the past year. The price of beef has risen 59.2%.

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marke · Sep 22, 2021

The rising costs are not leveling off. This is the worst fiscal trend in America since its founding. Democrats stole the election because they wanted to control government spending and open the doors to massive funding of pork projects they are invested in. They got what they wanted but America is being trashed as a result and American taxpayers are now faced with unsustainable tax hikes and costs of living that prove the democrat promises of gains and benefits from their spending agenda were wrong, misguided, untruthful, and damaging.

marke · Oct 1, 2021

The surge in inflation in August is the highest in decades, taking democrats by6 complete surprise. Democrats apparently do not understand what causes inflation and refuse to believe democrat policies are driving the disaster to record levels. That makes democrats incompetent to control government fiscal policies.

Inflation Hits Another Multi-Decade High After Fed Boosts Projection

An economic index used by the Federal Reserve to measure inflation surged to another 30-year high in August as Americans continued to experience sticker shock.

dailycaller.com

A key economic index used by the Federal Reserve to measure inflation surged to another 30-year high in August as Americans continued to experience sticker shock.

The personal consumption expenditures (PCE) index increased 4.3% over the 12-month period ending in August, according to a Department of Commerce report published Friday. The figure represented the index’s highest increase since January 1991 when it surged at an annual rate of 4.5%, government data showed.

Minus energy and food prices, which are notoriously more volatile than other sectors, the PCE index increased at an annual rate of 3.6% in August, the Commerce Department reported. That is also the highest increase in more than 30 years.

Economists projected a lower increase, CNBC reported. (RELATED: Surging Oil Prices Will Fuel Further Inflation, Analysts Say)

Not only are higher taxes driving consumer costs up but notice the huge cost upsurge due to higher oil prices. Biden stupidly clamped down on American oil production for the sake of satisfying the irrational fears of global warming idiots, thus driving up costs for everyone.

Inflation rising 3 to 4 times faster than wages

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