Tuesday, October 26, 2021

Biden WH Spreads Lie that Inflation Is ‘High Class Problem’; Prices Soar for Hamburgers, Bacon, Ribs, Chicken, Baby Food, and Peanut Butter; Are You Prepared For The Mass Repricing Of Goods And Services? POLL: People BLAME BIDEN

Tracey Nearmy - Pool/Getty Image
Nolte: Biden White House Spreads Lie that Inflation Is ‘High Class Problem’:
White House chief of staff Ron Klain is spreading the lie that inflation and the supply chain snarl are “high class problems,” which means we’re lucky to have them.
On Wednesday, some Harvard idiot (excuse me for repeating myself) named Jason Furman tweeted, “Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent.”
He added that “We would instead have had a much worse problem.”
Klain heartily agreed.
This is just one more example of a breathtaking lack of empathy from the His Fraudulency Joe Biden’s White House.
First off, it is not an either/or proposition. We don’t have to make this choice. Since Reaganomics kicked in nearly 40 years ago, America has enjoyed decades of low unemployment, low inflation, and healthy supply chains. --->READ MORE HERE
Photo by NICHOLAS KAMM/AFP via Getty Images
Bidenflation: Prices Soar for Hamburgers, Bacon, Ribs, Chicken, Baby Food, and Peanut Butter:
Putting food on the kitchen table got more challenging for American households in September, inflation data released Wednesday showed.
The price of food at home jumped 1.2 percent in September, a historically huge gain for a single month and three times the inflation rate recorded in August. Compared with a year ago, the price of food at home is up 4.6 percent, the Department of Labor’s Consumer Price Index indicates.
The price hikes are not a reflection of what Fed officials have referred to as “base effects,” meaning data showing a large price jump due to depressed prices in the past. A year ago, prices were also rising quickly, with food at home showing a 4.1 percent increase. Compared with September of 2019, before the pandemic struck, prices of food at home are up 8.8 percent.
The price hikes were spread throughout the aisles of the grocery store, with all six major food group categories registering higher prices. The index for meats, poultry, fish, and eggs rose 2.2 percent over the past month and 10.5 percent compared with a year ago. The index for fruits and vegetables rose 0.6 percent in September, a larger increase than the 0.2-percent increase reported in August, and is up three percent compared with a year ago. The index for cereals and bakery products rose 1.1 percent over the month and 2.7 percent over the past year. READ MORE HERE
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