After four years of being told that thanks to Joe Biden's great economic management, inflation would soon be stabilized and eliminated, yet…
“Last month, wholesale egg prices soared nearly 55%, and wholesale food prices rose 3.1% (the highest monthly increase in two years).” report Far left CNN.
Oh, and now that the Democrats are in power, we'll soon be told…
Economists say there is no need to panic. “Eggflation” and sudden price increases in several major food categories reflect isolated incidents rather than anything systemic or indicative of a reacceleration of inflation.
Economists always say we don't need to worry if a Democrat becomes president. Prosperity is just around the corner, don't you see…
“Overall food price inflation is relatively benign, essentially consistent with pre-pandemic conditions and nothing to worry about,” said Gregory Daco, chief economist at EY Parthenon. spoke. “However, prices remain very high compared to pre-pandemic prices.”
Once-in-a-generation high inflation – caused by a combination of factors caused by the pandemic and the war in Ukraine Other events The issue weighed heavily on the American people and ultimately pushed former President Donald Trump back into the White House. [emphasis added]
“Other events”, folks.
other.
event.
Hey, what on earth is that “other event”?
Apparently “other events” is a proxy for what kind of events CNN does. seinfeld The characters would get away with the most embarrassing parts of the story by saying, “Yada yada yada.”
Let me tell you what else happened…Biden’s crazy spending, especially the hilariously named “Reducing Inflation Act” bill that spent and squandered a ton of money on climate change nonsense. And let's not forget Biden's war on domestic energy production, which will raise the cost of all products that require energy to manufacture, transport, and store. That means the cost of everything that requires energy to manufacture, transport, and store has gone up.
Another thing that the media always forgets to mention is that cumulative inflation. When inflation is said to be slowing, it means that prices will still rise that month, but at a lower rate than the previous month. Yet costs continue to rise.
Last month I paid over $7.00 for a bag of Doritos. The last time I bought eggs, they cost at least $3.00 for 12 eggs. The price of a 12-pack of soda has increased from $3.00 to $10.00.
But don't despair about the corporate media saying yada yada yada about basic economic facts. If Republican Donald Trump returns to office, the media will magically become economically literate again. Find out exactly how government spending and policies affect your food costs. And when Trump cannot be blamed, the media uses lies to blame him.
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