https://thehill.com/opinion/finance/3558302-bidens-accelerating-inflation-will-lead-to-bidens-recession/
President Biden was no doubt delighted to be far, far away from home when the latest – disastrous – report on inflation was released. Confronted with news that prices had jumped 9.1 percent from a year ago, worse than expected, Biden issued a statement downplaying the news, saying the report was “out of date” since gasoline prices have dropped 40 cents over the past month. Got that? 40 cents.
The president was echoing a statement that his economic brain trust issued the day before in which Brian Deese and Cecilia Rouse provided “context” for the anticipated inflation read. They wrote that energy and food prices were especially volatile.
Americans may see a different sort of “context.” They might notice that nearly everything is getting more expensive and that despite a softening in some commodities in recent months, inflation accelerated in June.
They may also conclude that Democrats in charge are not helping.
While much of Washington is focused on the Jan. 6 committee hearings, Americans in the rest of the country are focused on how they can afford to feed their families, with food prices 12 percent higher than a year ago.
As Democrat climate zealots push to kill off our oil and gas industry, voters find themselves paying not only 60 percent more for gasoline than they did a year ago, but also 98 percent more for fuel oil.
While liberals debate whether men can get pregnant, families struggle to pay 11 percent more for a new car, 10 percent more for toddler clothes, an additional 13 percent for baby formula, 17 percent more for health insurance, 14 percent extra for auto body repairs, 34 percent more for airline fares, an increased 14 percent on delivery services and 13 percent more for gift wrap. Did Putin raise the price of gift wrap?