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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,720 of 345,374   
   Scott Raines to All   
   Biden pays the price for causing runaway   
   11 Apr 24 09:19:45   
   
   XPost: alt.fan.rush-limbaugh, alt.politics.trump, sac.politics   
   XPost: talk.politics.guns   
   From: sraines@comcast.net   
      
   The Biden Re-Election Victory Parade hit a pothole the size of Ohio on   
   Wednesday.   
      
   The latest consumer price data show inflation is accelerating and hitting   
   an annual rate of almost 5%.   
      
   Democrats fear the inflation rate could soon be higher than President   
   Biden’s approval rating.   
      
   In January 2022, I predicted here that inflation would politically   
   bankrupt Biden — that it would be “the wrecking ball that could   
   politically destroy Biden.”   
      
   According to the Team Biden storyline, inflation went from a nonexistent   
   threat in 2021 to transient in 2022 to simply a bad memory in 2024. But   
   along the way, the purchasing power of the American dollar fell by almost   
   20%.   
      
   Regardless, it was bad taste to mention it in public. Biden called Fox   
   News White House correspondent Peter Doocy a “stupid son of a bitch” in   
   2022 for asking about inflation’s impact.   
   Is the Democratic Party incurably out of touch? On MSNBC Wednesday   
   morning, Rep. Jim Clyburn (D-SC), who delivered black primary voters and   
   secured Biden the Democratic presidential nomination in 2020, was gushing   
   praise for Biden and denouncing complaints about inflation as   
   “disinformation” from social media.   
      
   The host interrupted him to announce the report of the higher inflation   
   number.   
      
   At a brief press conference Wednesday, Biden boasted the inflation rate   
   isn’t as bad as earlier in his presidency.   
      
   How relentless food inflation is becoming Biden’s major hot potato   
   Biden vindicated himself by falsely claiming “inflation was skyrocketing”   
   when he took office in early 2021. Actually, the rate was 1.4% — less than   
   a third of the current 4.8% annualized rate based on last month’s data.   
      
   The Biden administration has the highest rate of food inflation since the   
   Nixon administration.   
      
   Edward Snowden quipped that the White House is trying to defuse anger by   
   “telling people no, no, a shopping cart full of groceries has always cost   
   $36,000.”   
      
   Actually, it is not quite that bad: A $100 cart of groceries in 2019 now   
   costs $137.   
      
   Georgia Democratic Party leader Stacey Abrams touted abortion as the   
   ultimate fix: “Having children is why you’re worried . . . about how much   
   food costs.”   
      
   Even former White House Chief of Staff Ron Klain said in a speech that   
   “the president is out there too much talking about bridges. . . . You go   
   to the grocery store and, you know, eggs and milk are expensive.”   
      
   Team Biden portrays Americans as a bunch of pitiful whiners for   
   complaining about inflation. But the problem is much worse than the White   
   House admits.   
      
   Inflation data epitomize how federal statistics can be a weapon of mass   
   deception.   
      
   Larry Summers, Bill Clinton’s treasury secretary, recently observed that   
   if the feds today used the same inflation gauges used in the 1970s,   
   Biden’s peak inflation would have been 18%, twice as high as the reported   
   number.   
      
   Mortgage costs are no longer counted in federal inflation data. Since   
   Biden took office, the average monthly mortgage payment for a new home has   
   almost doubled, reaching $3,322 per month.   
      
   But that pummeling price increase and locking millions of families out of   
   home-buying opportunities is irrelevant to the official inflation gauge.   
      
   Joe Biden’s ex-chief of staff finally admits it: Inflation is clobbering   
   us   
   Biden’s media allies are hectoring Americans to stop grumbling about the   
   vanishing purchasing power of their dollars.   
      
   An economic professor in the New York Times recently portrayed inflation   
   fears as merely an “macroeconomic anxiety attack” and told readers: “Don’t   
   Worry. Be Happy.”   
      
   The Washington Post showcased a professor who told families earning less   
   than $289,000 per year to “adjust” to inflation by eating lentils instead   
   of meat, ditching their car and taking public transit and maybe letting   
   their pets die. Veterinary costs are rising at 8% a year.   
      
   Biden has been an inflation pyromaniac while boasting of being the world’s   
   greatest firefighter.   
      
   In a 2022 speech to Democratic members of Congress, Biden raged at being   
   blamed for inflation: “We have to talk about it because the American   
   people think the reason for inflation is the government spending more   
   money. Simply. Not. True.”   
      
   It’s not? Biden has driven up the cost of gasoline by pursuing expensive   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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