Americans have lost $4200 under Biden

[TroglocratsRdumb]

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power.

As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year.

Americans have lost an average of $4,000 in salary

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

www.dailymail.co.uk

Comment:
Backwards Left Wing economics spreads poverty into the middle class.

 

[jackflash]

Trog; don't lose faith for as long as the statist left are in control it will get pRoGrEsSiVeLy worse, that I can promise you!

 

[Quasar44]

Any old or poor person who voted for Tiberius Biden deserves to die

 

[1srelluc]

Our buying power has went straight to shit.....About the only thing you can buy at a pre-Tater price is a Costco roasted chicken.....And they just sell them at that price to get you into the store.

 

[Moonglow]

Our buying power has went straight to shit.....About the only thing you can buy at a pre-Tater price is a Costco roasted chicken.....And they just sell them at that price to get you into the store.

I got sirloin steak for four dollars a pound, last week it was ribeye for four nineteen a pound at a place called Ten-Box.

 

[The Duke]

I got sirloin steak for four dollars a pound, last week it was ribeye for four nineteen a pound at a place called Ten-Box.

Where was it from? Cambodia?

 

[TroglocratsRdumb]

Biden sold our strategic oil reserves to the Chinese, and we might be in a war with them.
That is treason.

 

[busybee01]

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power.

As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year.

Americans have lost an average of $4,000 in salary

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

www.dailymail.co.uk

Comment:
Backwards Left Wing economics spreads poverty into the middle class.

Maybe they can explain how profits soared when companies raised their prices. If they were raising prices due to inflation then how can profits shoot up. Another group looked at company financial statements and determined around 50% of the inflation was due to companies raising prices.

What the Fed refuses to accept is the fact that there is very little they can do about this inflation. They cannot produce more oil. They cannot force companies to lower prices. They cannot produce more computer chips. The inflation is especially concentrated in industries where there is little or no competition. They are isolated from what they do because they are just fine no matter what they do.

 

[Dont Taz Me Bro]

I got sirloin steak for four dollars a pound, last week it was ribeye for four nineteen a pound at a place called Ten-Box.

Pics or it didn't happen

 

[busybee01]

Biden sold our strategic oil reserves to the Chinese, and we might be in a war with them.
That is treason.

No he did not. The process was performed by blind bidding.

 

[Thinker101]

Maybe they can explain how profits soared when companies raised their prices. If they were raising prices due to inflation then how can profits shoot up. Another group looked at company financial statements and determined around 50% of the inflation was due to companies raising prices.

What the Fed refuses to accept is the fact that there is very little they can do about this inflation. They cannot produce more oil. They cannot force companies to lower prices. They cannot produce more computer chips. The inflation is especially concentrated in industries where there is little or no competition. They are isolated from what they do because they are just fine no matter what they do.

Yep, Bidung promises to kill the oil industry and the sky-high inflation/prices are just a coincidence...dumbass.

 

[TroglocratsRdumb]

Maybe they can explain how profits soared when companies raised their prices. If they were raising prices due to inflation then how can profits shoot up. Another group looked at company financial statements and determined around 50% of the inflation was due to companies raising prices.

What the Fed refuses to accept is the fact that there is very little they can do about this inflation. They cannot produce more oil. They cannot force companies to lower prices. They cannot produce more computer chips. The inflation is especially concentrated in industries where there is little or no competition. They are isolated from what they do because they are just fine no matter what they do.

ok
you just don't care about people struggling to buy food and pay their bills because you are a fanatical Bidenista

 

[TroglocratsRdumb]

No he did not. The process was performed by blind bidding.

lol
So you are saying that Biden didn't know that he was selling our strategic oil reserves to the Chinese?
wow

 

[Catsnmeters]

Biden sold our strategic oil reserves to the Chinese, and we might be in a war with them.
That is treason.

Tool.

"In Trump's first year as president, the Department of Energy sold 550,000 barrels from the US Strategic Petroleum Reserve — or SPR — to PetroChina, a state-owned energy giant and China's largest oil producer, Axios' Sophia Cai first reported."

https://www.google.com/amp/s/news.yahoo.com/amphtml/trumps-allies-want-biden-investigated-043323167.html

 

[B. Kidd]

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power.

As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year.

Americans have lost an average of $4,000 in salary

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

www.dailymail.co.uk

Comment:
Backwards Left Wing economics spreads poverty into the middle class.

And too many have lost their lives!!

 

[d0gbreath]

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

Experts at the right-leaning think tank analyzed consumer prices data and the Federal Reserve's interest rates. Consumer prices have risen 12.7 percent since 2021, far outpacing wages and Heritage experts believe this has cost Americans about $3,000 each in purchasing power.

As the Fed pushes interest rates to a range of 3-3.25 percent, higher borrowing costs are squeezing Americans on mortgages, vehicle loans and credit cards, costing another $1,200 per year.

Americans have lost an average of $4,000 in salary

The average American has lost $4,200 in income due to soaring inflation and rising interest rates, according to an analysis by the Heritage Foundation.

www.dailymail.co.uk

Comment:
Backwards Left Wing economics spreads poverty into the middle class.

Inflation always sucks, but we've never been able to escape it.

$4,200 is $11.50/day. Brown bag your lunch to work and you'll get that back.

 

[SassyIrishLass]

Where was it from? Cambodia?

Probably road kill

 

[Moonglow]

Pics or it didn't happen

10Box Cost-Plus - for Store 4

 

[Lisa558]

Biden sold our strategic oil reserves to the Chinese, and we might be in a war with them.
That is treason.

Aiding and abetting the enemy.

 

[Lisa558]

Inflation always sucks, but we've never been able to escape it.

$4,200 is $11.50/day. Brown bag your lunch to work and you'll get that back.

What about the working class who already brown bags it?