Ray From Cleveland
Diamond Member
- Aug 16, 2015
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What is that?
That was the bill Dementia signed that Trump wouldn't. An additional federal unemployment check added to the state unemployment. It started in March of last year and went into September of the same year. Then there was an increase in the child tax credit and SNAP's stipend; the largest increase in the history of food stamps.
You see, inflation is the term used to describe paying more for products or services than you have in the past. When needy employers had to compete with government for workers, the only possible way to do that was greatly increase wage offers. Labor, being the largest expenditure of just about any business gets passed down to us, the consumer.
So when you add much higher labor costs, increase in transportation because diesel (like gasoline) more than doubled the price, the huge increase in utility costs for a businesses to operate, printing money to placate your climate change voters, you have all the ingredients for out of control inflation which is what we are experiencing now.