Friday, October 14, 2022

Sleep well; Biden is taking on inflation

 Biden Flunks Another Inflation Exam

The exact wrong thing to do is believe anything Biden says about the economy.


. . ."The person Biden hasn’t blamed for this crisis is himself. Because in order to do so, he’d have to admit that his $2 trillion “rescue” plan sparked the inflationary spiral, just as many economists predicted it would.

"Instead, in his statement Thursday, Biden said that “Republicans in Congress’ number one priority is repealing the Inflation Reduction Act. That’s the exact wrong thing to do in this moment.”

"Actually, repealing that law – which raises taxes, turbocharges the IRS, and adds still more inflationary spending, while doing nothing whatsoever to control inflation – is the exact right thing for Republicans.

"The exact wrong thing to do is believe anything Biden says about the economy.". . .

Biden slammed for claiming 8.2% inflation shows ‘progress’: ‘What planet is this guy on?’  

   . . ."What planet is this guy on? Good lord is he a mess. Just lives in fantasyland and think we all do too," said radio host Paul Zeise."He's like a cartoon caricature of a laughably corrupt politician," conservative commentator Chad Felix Greene wrote. "National Review senior political correspondent Jim Geraghty tweeted, "This is really lousy messaging on a day when inflation came in at 8.2 percent year-over-year.". . .

Leading Edge of Field to Fork Inflation Starts to Arrive in September Producer Price Index  

Get ready and shop smart.

The October, November and December price increases in the grocery store are going to make the prior fresh food increases look small, as the full increased costs of farming operations starts to arrive at the supermarket.   Unfortunately, this will coincide with a wave of gasoline price increases, and the prices of natural gas are already skyrocketing.

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