At what point will Biden’s numbers start to be reported with a negative sign? Because he continues to sink in the polls. Even the leftist surveys can’t find anything positive for the president anymore.
Today’s headlines are so bad, I can’t even leave the TV on. Not only do I not want to hear it, but I’m not sure I can afford to run any extra electronics in the wake of the latest news.
The newest inflation numbers are in, and it doesn’t look good. Another 7% rise, in December alone. Inflation is the highest it’s been in 40 years. That’s when President Reagan took over and started reeling it in after the Carter administration experienced stagflation- inflation and unemployment both in double digits, without any economic growth on the horizon.
Of course, Reagan was an economic genius. His philosophies and policies helped create the kind of America that was a shining city on a hill.
Did SCOTUS make the right decision on medical mandates for large businesses?
Then we were hit with Clinton. Obama. The lights dimmed. But Trump stepped in. He installed new light bulbs. America started to be great again. And then boom. Joe Biden steals the Oval Office and it all falls to cow manure.
Do leftists see the pattern here? I’m not sure they do. But the numbers don’t lie.
How Bad Is It?
Let’s break down the digits.
According to FNN:
The consumer price index rose 7% in December from a year ago, according to a new Labor Department report released Wednesday, marking the fastest increase since June 1982, when inflation hit 7.1%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.5% in the one-month period from November.
Economists expected the index to show that prices surged 7% in December from the year-ago period and 0.4% from the previous month.
So-called core prices, which exclude more volatile measurements of food and energy, soared 5.5% in December from the previous year – a sharp increase from November, when it rose 4.9%. It was the steepest 12-month increase since 1991.
Americans feel it. At the gas pump, at the grocery store, and especially in the savings account. In 2019, the average household had $5,300 in savings. Thanks to Trump, that number was steadily increasing year after year. Then 2020 hit, and that balance fell to $3,500. And I’ve got to tell you, that’s a stretch for most families. The overwhelming majority is sitting in a much darker place.
More than 7 million Americans are what they call “unbanked.” They have no savings or checking. Meanwhile, more than half the country says their savings wouldn’t cover three months of expenses. And a quarter of Americans have absolutely no emergency funds. That’s distressing under the Biden administration- where we have no clue what will hit us next.
Especially considering these facts:
Price increases were widespread: Although energy prices fell 1.1% in December from the previous month, they’re still up 29.3% from last year. Gasoline, on average, costs 49.6% than it did last year. Food prices have also climbed 6.3% higher over the year, while used car and truck prices – a major component of the inflation increase – are up 37.3%. Shelter costs, which make up nearly one-third of the total increase, jumped 0.4% for the month and 4.1% year-over-year, the fastest pace since February 2007.
“Inflation at 7% is no joke,” said Seema Shah, chief strategist at Principal Global Investors. “It’s the highest annual CPI number since 1982 and driven not by energy prices, but by just about everything else. While Shah said that December’s number could mark the peak for annual inflation readings amid signs that supply strains are easing, other experts suggested the rampant spread of the omicron variant could bring about new difficulties for the global supply chain.
The Fed is raising interest rates in order to “control inflation.” But that won’t help the average American. The mom and pop stores and small businesses that have fueled this economy for the past century face devastation. Like Trump recently said,
“If you have a bakery, if you have anything, you have to heat it, you have to have the machinery, it’s all energy,” also noting that the business depends on trucks and airplanes for transportation, which use energy as well. “The energy costs have gone up so high, it’s staggering, that everything else is affected.”
Meanwhile, Biden’s number plummet further as he blames the supply chain, Omicron, anything he can remember to say, except himself. And that’s where the real blame lies. To fix this, we have to start with oil. Bring back the pipeline. Stop relying on OPEC. It’s common sense.
Sadly, Democrats created this. They orchestrated the scamdemic. And they seated Joe Biden. Still, they pretend to be faultless in the current state of the nation. However, if “build back better” was the goal, they’ll never reach the finish line.