Sad milestone as inflation hits 20% under Joe Biden's incompetent leadership

marvin martian

Diamond Member
Sep 29, 2020
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Biden's inflation rate and approval rate are dangerously close to crossing over each other.

There's only one way out of this...


On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar’s value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation.

Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50 percent. It feels like every daily convenience — from a turkey sandwich to some handyman help — has increased by 50 percent or more.

Yet Biden seems entirely out of touch with this reality. In a recent CNN interview, he responded to these inflation numbers by claiming, “They have the money to spend.” In reality, it now costs the average American family $12,000 more to maintain the same living standards as before President Biden took office.

Biden also tried to deflect from this consumer pain by claiming he inherited high inflation. Fact-check: Inflation was 1.4 percent when he took office.
 
Biden's inflation rate and approval rate are dangerously close to crossing over each other.

There's only one way out of this...


On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar’s value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation.

Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50 percent. It feels like every daily convenience — from a turkey sandwich to some handyman help — has increased by 50 percent or more.

Yet Biden seems entirely out of touch with this reality. In a recent CNN interview, he responded to these inflation numbers by claiming, “They have the money to spend.” In reality, it now costs the average American family $12,000 more to maintain the same living standards as before President Biden took office.

Biden also tried to deflect from this consumer pain by claiming he inherited high inflation. Fact-check: Inflation was 1.4 percent when he took office.
but but but….BIDENOMICS!!!
citygator
 
I rode by Arbys an hour or so ago.....Their standard roast beef sandwiches were "on sale".....Two for $6.00!....WTF?

Fuck that, when I got home I made generous Ham-N-Swiss wraps with onion, lettuce, and tomato for myself and the wife.....Less than a buck each.

Where are the Biden cultists?

Mac1958? Synthaholic? rightwinger?

LOL
 
Source: Bloomberg

We note that consumer prices have not fallen in a single month since President Biden's term began (July 2022 was the closest with 'unchanged'), which leaves overall prices up over 19.5% since Bidenomics was unleashed (compares with +8% during Trump's term). And prices have never been more expensive.


As reported in Zero Hedge right now ---in a much longer article essentially ridiculing Biden's appalling track record .
 
Source: Bloomberg

We note that consumer prices have not fallen in a single month since President Biden's term began (July 2022 was the closest with 'unchanged'), which leaves overall prices up over 19.5% since Bidenomics was unleashed (compares with +8% during Trump's term). And prices have never been more expensive.


As reported in Zero Hedge right now ---in a much longer article essentially ridiculing Biden's appalling track record .

Another Biden administration will take inflation to 50% or more.
 
Where are the Biden cultists?

Mac1958? Synthaholic? rightwinger?

LOL
They don't ever have anything additive to say anyway.....Just FJB leftist shills.

Add local meals and state tax to that $6.00 "deal" and it looks more like $6.50. Of course their dumb shit customers will add fries and a drink so you are looking at around $12.00.....I can make a lot of Tier 1 wraps for $12.00.
 
Biden's inflation rate and approval rate are dangerously close to crossing over each other.
Sure, but that is just for this year. All the other years inflation was kept a bit under 20%.
If you add 20+20+20 it is only 60%, on average for the Democrats 3 years controlling the White House and Congress.
And who cares if some items went up over 100%, it is only the average we should look at.
 
Sure, but that is just for this year. All the other years inflation was kept a bit under 20%.
If you add 20+20+20 it is only 60%, on average for the Democrats 3 years controlling the White House and Congress.
And who cares if some items went up over 100%, it is only the average we should look at.

LOL

You're such a blithering idiot. No, idiot, it not up 60% under Biden...

1/21: 261.582
4/24: 313.548

19.9%

 
About what?
To point out that Arby’s is more expensive than eating at home?

Your dodge is noted.

SINCE BIDEN TOOK OFFICE:
Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%
 
Your dodge is noted.

SINCE BIDEN TOOK OFFICE:
Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%

Yea….inflation is like that
Have any data showing the US is suffering from global inflation while the rest of the world is immune?


The US still has the strongest economy in the industrialized world…..including China
 

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