The Looming Crisis that Could Cost the Country and Sink Dems Chances in Midterms – RedState

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Larry Kudlow: The highest inflation in 40 years is deeply embedded in the economy and spreading | Fox Business    "Today's CPI inflation report shocked Wall Street and the nation with a significantly higher than expected print. Pollyannas everywhere are painfully learning that there's no magic cure. There's no easy way out. After several years of excessive federal spending, regulating, taxing and money-printing, the highest inflation in 40 years is deeply embedded in the economy and it is spreading. The only significant decline came with gasoline prices. Overall, the topline CPI came in at 8.3% for the year — food is up 11.4%, even energy is still up 24%. Electricity is up 16%; natural gas 33%; new cars 10%."

The Looming Crisis that Could Cost the Country and Sink Dems Chances in Midterms – RedState  "If media wasn’t an arm of the DNC, Joe Biden’s poll numbers would be lower than a snake’s belly–but as it is, Biden can deliver inflation-causing, economy wrecking legislation and the media will carry his water."

"When the “Inflation Reduction Act” was passed, media called it a victory to Biden’s agenda – ignoring the fact that it wouldn’t reduce inflation. In fact, it’s an $800 Billion spending bill. Its only relation to “inflation” was how much it would fuel it. When he signed it, the Washington Post never mentioned Inflation in its headline. WaPo called it:

"Biden signs sweeping bill to tackle climate change, lower health-care costs

"What happened to inflation reduction?". . .

"The American people won": Biden celebrates Inflation Reduction Act as food, rent prices climb - The Global Herald   "U.S. President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before the midterm elections.

"The legislation includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients. It also would help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic. 

"The measure is paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.". . .

Crises like never before -- and Joe Biden's team celebrates - American Thinker