Weatherman2020
Diamond Member
President Biden @POTUS
United States government official
Today�s inflation numbers show a meaningful reduction in headline inflation over last month. We are making progress in slowing the rate of price increases. But there is still more work to do -- I remain focused on lowering costs for families and maintaining strong economic growth.
November's monthly rate of 0.8% inflation was also the highest inflation since 1982. December's rate of 0.5% was in fact lower, but it's bizarre to boast, "At least last month we didn't beat a 40 year old record."
Perhaps "President" (lol) Biden should brag some more -- now it's announced that the Producer Price Index, the producer-side inflation metric, widely believed to be a more accurate gauge of inflation than the Consumer Price Index -- rose nearly ten percent in 2021, the highest level since we started coming out of the Little Depression of 2007-2008.
But wait! That’s not all!
Funemployment claims rose again last week.
On average, real wages declined 2.4% from December 2020 to December 2021
Workers have gotten effective pay cuts in year 1 of the Biden presidency
Let’s go Brandon!
www.dailywire.com
United States government official
Today�s inflation numbers show a meaningful reduction in headline inflation over last month. We are making progress in slowing the rate of price increases. But there is still more work to do -- I remain focused on lowering costs for families and maintaining strong economic growth.
November's monthly rate of 0.8% inflation was also the highest inflation since 1982. December's rate of 0.5% was in fact lower, but it's bizarre to boast, "At least last month we didn't beat a 40 year old record."
Perhaps "President" (lol) Biden should brag some more -- now it's announced that the Producer Price Index, the producer-side inflation metric, widely believed to be a more accurate gauge of inflation than the Consumer Price Index -- rose nearly ten percent in 2021, the highest level since we started coming out of the Little Depression of 2007-2008.
But wait! That’s not all!
Funemployment claims rose again last week.
On average, real wages declined 2.4% from December 2020 to December 2021
Workers have gotten effective pay cuts in year 1 of the Biden presidency
Let’s go Brandon!
White House Claims It Is ‘Making Progress’ On Inflation As Consumer Prices Rise
The Biden administration claimed Wednesday that it is “making progress” on inflation, even as official data showed consumer prices in December increased by 7% over the previous year, the fastest rise in approximately four decades.“Today’s report—which shows a meaningful reduction in headline...
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