The new inflation numbers are out and they are absolutely horrific. After the terrible report in April, which showed a 4.2% rise in prices, May’s numbers clocked in at 5% compared to last year as middle-class Americans continue to get absolutely crushed by Biden’s economic “recovery.”
“Prices were up by 5 percent in May compared with a year ago, the largest increase since the Great Recession, continuing a steady climb in inflation even as policymakers insist on staying the course.” https://t.co/AhI1Nr13QO
I love the subheadline there. The concern of the Post isn’t that this hurts normal people to a great degree. Rather, they want us all to know that this won’t rattle Biden. Well, thank God for that, right? Because that’s truly what matters here.
Prices on everything from building supplies to groceries to restaurant prices to used cars are skyrocketing right now, and there’s no real end in sight. In fact, Joe Biden, when he’s not ordering more chocolate ice cream for a squeeing media, is pushing for trillions more in spending, including a ridiculous $6 trillion budget along with his massive “infrastructure” boondoggle. If Joe Manchin goes along with a reconciliation ploy (something he said he wouldn’t do) to pass any of that stuff, inflation is only going to get worse.
Think about how crazy these numbers are. In just two months, your savings have 5% less buying power. How long did it take you to build that part of your savings? And it’s just gone poof because the country is being run by a senile invalid and his far-left handlers.
There’s no reason to think Biden will change course and help turn this around, especially when he’s installed political lackeys at the Treasury Department and the Federal Reserve. Janet Yellen actually came out after the disastrous April inflation report and downplayed it. These people don’t care about you. They only care about power.
As someone who firmly resides in the middle-class, I can’t explain how infuriating this is. To see the money you’ve earned devalued in such a dramatic, accelerated way while not being able to follow through on future plans because things simply aren’t worth the investment right now due to inflation. This is all the doing of Biden and his cohorts, and Americans better make them pay in 2022. If they don’t, then we deserve what we get.