Bidinflation

[berryberry]

The different ways Senile Biden’s hidden tax of rising prices is hitting your pocketbook. Senile Biden looking our for the little guy -

Here are the items really driving up inflation:

Car rental 87.7% (y/y change)
Used cars 45.2%
Gas 45.1%
Laundry machines 29.4%
Airfare 24.6%
Moving 17.3%
Hotels 16.9%
Furniture 8.6%
Bacon 8.4%
TVs 7.6%
Fruit 7.3%
Shoes 6.5%
Fresh fish 6.4%
New cars 5.3%
Milk 5.6%
Rent (OER) 2.3%

[berryberry]

Media Forced To Admit Inflation Is Out Of Control Under Senile Biden

https://rumble.com/vjse0j-media-forc...=22lbp&mrefc=3

[berryberry]

The latest inflation numbers surprised even the economists. This can be traced to the binge spending by the Biden administration. And they want to spend even more

https://www.cnbc.com/2021/07/13/cons...-estimate.html

Senile Biden - screwing Americans everywhere !!!!!

[HDGristle]

Binge spending, sure to an extent. But don't neglect the impacts of the pandemic on the global supply chain or consumer behavior.

Curious, what was the window on this? June 20 to June 21?

[berryberry]

Biden-fueled price hikes will take a big toll on the poor:

Senile Biden's economic agenda is fueling inflation — which is itself a tax that hits struggling families hardest.

And this is no temporary blip as the economy restarts after the lockdowns, as Democrats would have us believe. On Monday, the Wall Street Journal reported that economists it surveyed are warning Americans to brace “for several years of higher inflation than they’ve seen in decades.”

https://nypost.com/2021/07/12/biden-...l-on-the-poor/

[HDGristle]

Drop the NY Post editorial and go to the WSJ article it's referencing. What are the primary drivers?

[HDGristle]

Different article. Again, focus on the primary drivers.

https://www.wsj.com/articles/inflati...gh-11626190251

This is the middle-ground take I share, so that you're clear, berry. That means I am concerned but not pushing rhetoric about the sky falling.

[lustylad]

Just to illustrate what happens when inflation heats up, consider the following:

At an annual rate of 1.5%, it would take 47 years for prices in general to double.

At an annual rate of 5.4% (our latest 12-month CPI increase), prices double every 13 years.

Also, the Consumer Price Index and other official inflation yardsticks often tend to understate the actual erosion in our purchasing power. The prices of many assets that are either absent from or under-weighted in the CPI (e.g. stocks, real estate) have surged more steeply than the official inflation rate.

[berryberry]

[berryberry]

Meanwhile, after the Biden regime burning through $1.9 trillion on the “American recue Plan”, an unnecessary boondoggle with tons of unrelated spending and political payoffs when the pandemic was basically over – which in itself was one of the largest spending plans in US history – now the Biden regime is back at the trough wanting $3.5 trillion in their budget reconciliation boondoggle AND another $1 trillion in a separate infrastructure bill. The $3.5 trillion alone is the size of the entire 2010 federal budget

If people think inflation is spiraling out of control now, just wait when this administration continues to light money on fire. Our kids and grandkids will bear the brunt of this money printing fiasco

[berryberry]

Thanks to #Bidenomics, almost HALF of small businesses across America have had to raise prices because #Bidinflation is driving up the price of goods. This harms small businesses, American consumers, AND our nation’s overall economic growth.

"48% of small businesses have raised prices in May. That's the highest, largest percentage in 40 years." CNBC's Rick Santelli reports.

https://twitter.com/RepDLesko/status...163673091?s=20

[berryberry]

Democrat lawmaker admits Biden caused inflation:

Swing-District Dem Says Party’s Stimulus Spending Drove Inflation

@RepKimSchrier: 'We all feel it a little bit, that everything feels a little more expensive'

[berryberry]

Senile Biden ADMITS inflation is here and its making life more expensive for all Americans:

"I sincerely mean this, prices are up now."

Chart with upwards trend A key driver of inflation is the massive increase in government spending by the Democrats.

Watch him admit this:

https://twitter.com/i/status/1418007110663778307

[berryberry]

Senile Biden - screwing the poor and middle class

Even the @IMFNews is warning that more government spending will increase inflation further, hurting America’s poorest families even more. It’s time for Joe Biden to admit that the #Bidenflation crisis is the result of his failed economic policies and reckless spending.

[berryberry]

Bidenflation: Real Hourly Pay Suffers One of the Worst Collapses Ever

https://www.breitbart.com/economy/20...ollapses-ever/