Disappointed that inflation just passed a forty-year record and possibly far, much higher than the 7.5% that BLS is claiming? Well, you won’t find any relief from President Biden, who doesn’t seem to know what’s going on.
The fact that he even admits that he doesn’t know what’s going on, much less how to prevent it, is, so to speak during a recent inflationary crisis, very disturbing. See him here: In
In the video, Biden says “In fact, if we could do the things I’m talking about here, it would reduce costs for the average family. Lower costs for the average family. I don’t understand why they keep moving and all that, but the reality is that they reduce costs for the average family.”
But what if those prices continue to rise for reasons that our fearless leader clearly has? Then you just need to “reassurance”. Yup, he said the same thing, saying:
“The fact is that we are in a situation where you know, you should rest assured.
I know food prices are going up and we’re working to bring them down. Like I said… pump prices have gone up… But these are necessities.”
Trying so hard to get Biden to appease the populace, his nonsense and admission of ignorance probably won’t give Americans “assurance” right now.
Why? Because not only is the main inflation rate at 7.5% year-over-year, but actual inflation, the level of inflation that affects ordinary people when they have a need to buy things, is much higher than that. .
In fact, it got so bad that even regime journalists like the Washington Post’s Heather Long pointed it out, noting that some of the rallies were outright shocking.
For example, used cars are 40.5% more expensive than the same period last year, the amount of gasoline needed to fuel them increased by 40%, if you want to rent a car that costs more than 29 % compared to last year, utilities needed to heat your home are 24% more expensive, staying away from home in hotels is 21% more expensive and furnishing your home 20% more expensive.
Then there’s the cost of feeding your family. As she points out, bacon is 18% more expensive, steak 17%, and peanut butter 15.5% more expensive. Pork, fish, eggs, chicken, oranges also increased in double-digit prices.
Inflation is at a 40-year high. Where are Americans seeing big price increases?
Used cars 40.5% over the same period last year
Car rental 29%
24% useful gas
Peanut butter 15.5%
New car 12%
– Heather Long (@byHeatherLong) February 10, 2022
For ordinary workers, one who has to be at work every day instead of collecting bags full of money from Red China and Ukraine through the lines of his corrupt son, those are the facts. significant price increase.
So while Biden may tell us he doesn’t know what’s going on but we should stay calm, he does so from the financial position of a tycoon need not worry about what’s going on. such trifles. However, the people he is talking to need to be a little mindful of the financial predicament he is putting them in.
https://smartzune.com/watch-bidens-newest-inflation-take-is-insane/ Watch: Biden’s Latest Inflation Is Crazy