CPI Surges With Ball Busting Bidenomics
The “Inflation Thief Rises Again [as] a new surge in the CPI means real average hourly wage has risen seven lousy cents in a year.” But shoppers already knew “Bidenomics” was busting their balls, er, bankrupting them.
Earlier WSJ coverage had already detailed how “The Hidden Costs of Homeownership Are Skyrocketing” and how the “Six-Month Federal Budget Deficit [had hit] $1.1 Trillion.” But, upon the Biden Administration’s latest consumer-price index news, the editors could hardly contain themselves: “So much for the triumph over inflation,” they wrote. “The CPI came in hot for the third straight month in March, confirming what most Americans understand even if Washington & the press prefer to obsess over abortion law in Arizona … Shelter & gasoline contributed more than half of the [latest monthly] increase,” which consumers of course “feel acutely.”
Does President Biden realize what’s going on in the real world? “Fighting inflation remains my top economic priority,” he recently reiterated. “Who is he kidding?” countered the WSJ. “His real priority is to keep the government & consumer spending spigot wide open with subsidies galore for electronic vehicles, student-loan write-offs & social welfare. His other main priority is using regulation to put government in control of more of the economy. None of this restrains prices.” Yet, didn’t Mr. Biden warn in 2020 that, supposedly unlike his predecessor, “I have a plan”? We now know it’s called “Bidenomics.”
Davd Soul
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