BONCHIE FROM REDSTATE
The pain will continue until morale improves.
Are you ready for more pain? Inflation surged in January, with core CPI rising by 0.5% and meeting economist expectations of a rise. That came after President Joe Biden bragged in his recent State of the Union address that his administration had essentially beaten inflation.
We have more to do, but here at home, inflation is coming down.
Here at home, gas prices are down $1.50 a gallon since their peak.
Food inflation is coming down.
Inflation has fallen every month for the last six months while take home pay has gone up.
Media Research Center on X (formerly Twitter): “🚨 BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month. Prices are still going up, thanks to Biden’s reckless spending. pic.twitter.com/xNFFAw5v32 / X”
🚨 BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month. Prices are still going up, thanks to Biden’s reckless spending. pic.twitter.com/xNFFAw5v32
At the time it was a lie. Now, it’s an especially egregious one. The only reason year-over-year inflation is slowly trickling down is that inflation was so sky-high a year ago. Think of it this way. If something costs you $75 in 2021, was $100 in 2022, but cost $120 in 2023, that is still a backbreaking overall increase despite the year-over-year rate of inflation being “lower” than between the first two years.
The White House is playing fast and loose with terminology when it continues to claim they are bringing inflation down. Inflation is up, as evidenced by things like housing and food prices. Year-over-year comparisons no longer tell us anything because the prior year’s baselines were so astronomically high. The real horror show is revealed when you look at inflation compared to when Biden took office, which is over 15 percent.
