Biden is ruining the economy, not fixing it

Trish Shreds Biden's Economic Policy "Get Ready For More Inflation!"​


Electricity up 6.5%. Fuel oil up 59%. Firewood up 35%. Eggs up 12%. And, steak up 24%. The cost of everything is going up, up and away. Trish Regan warns it's about to get a whole lot worse.



Trish Regan is another Trump whore. I don't expect her to tell the truth. The major issue is still the pandemic and Republicans still fight requiring vaccines.
 
For the Dems, some CNN

Why inflation is a political nightmare for Biden



Joe Biden's next political nightmare is inflation, a force that can destroy family budgets and political careers and is being driven by domestic and global factors tough for a president to quickly fix.

Government data showing the cost of living rose 6.2% over the last 12 months -- the highest rate in 30 years -- set off White House alarm bells on Wednesday and offered a new opening for Republicans lambasting Biden over high energy prices.

The oil industry is the one responsible for high oil prices. They are the ones who have decided to keep supply low so prices stay high. They are allied with Republicans. Interesting to know if they are conspiring.
 
THE ISSUE IS RESOLVED:
Biden is ruining the economy, not fixing it


Trish Shreds Biden's Economic Policy "Get Ready For More Inflation!"​


Electricity up 6.5%. Fuel oil up 59%. Firewood up 35%. Eggs up 12%. And, steak up 24%. The cost of everything is going up, up and away. Trish Regan warns it's about to get a whole lot worse.

 
Oh please…Although in this economy, it is more tied to global markets than ever before, average Americans want answers to inflation, supply chain shortage, and illegal immigration. Not an excuse for mediocre apathy.
And the answer is Biden
 
If you only had a brain...

Prices are rising all over the world, and leaders see no quick fix
Current bout of inflation marks end of era as countries grapple with uneven recoveries

It probably isn’t much consolation for Americans struggling with the highest inflation in 40 years, but they are not alone.

In the European Union, prices are rising faster than at any time since the euro currency was introduced. The annual inflation rate in the United Kingdom hit 5.4 percent in December, the highest figure there in nearly 30 years. Canada’s consumer prices are rising twice as fast as before the pandemic.

Even in Japan, where prices have been depressed almost continuously since the collapse of the late 1980s real estate bubble, the central bank in recent days revised upward its assessment of inflation risks for the first time in eight years. Among major economies, only China has a lower inflation rate today than in early 2020.

Four ways Americans are feeling inflation

Around the world, soaring prices are emerging as a feature of the pandemic-era recovery, prompting some central banks to pivot to inflation fighting.

The new focus caps an era since the 2008 financial crisis that saw global forces — such as the rise of cross-border supply chains and a decline in workers’ bargaining power — keep inflation subdued.

As factories around the world revive at different speeds, a mismatch between the goods that are being produced and those that customers want to buy is helping drive prices higher. Longer-term trends, such as increased protectionism, rising Chinese wages and the adjustment to a low-carbon economy, will put upward pressure on prices in the years ahead, according to research by the BlackRock Investment Institute.

“We’ve come through a period where global forces were clearly disinflationary. We’re entering a period, in the near term at least, where they are more likely to push inflation up rather than down,” said Eric Winograd, senior economist with AllianceBernstein in New York.
You mean communist globalism has not only fucked over america but europe as well---well except for corrupt pols and their puppet masters.
 
Trish Regan is another Trump whore. I don't expect her to tell the truth. The major issue is still the pandemic and Republicans still fight requiring vaccines.
Smearing the messenger does you no good. Blacks and Latinos are not getting vaccinated either. How come you are not calling that out as a contributor?
 
Why inflation is a political nightmare for Biden[/B]


Joe Biden's next political nightmare is inflation, a force that can destroy family budgets and political careers and is being driven by domestic and global factors tough for a president to quickly fix.

Government data showing the cost of living rose 6.2% over the last 12 months -- the highest rate in 30 years -- set off White House alarm bells on Wednesday and offered a new opening for Republicans lambasting Biden over high energy prices.
 

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