Inflation hits fresh 40-year high in May with consumer prices surging 8.6%

https://www.foxbusiness.com/economy/inflation-hits-fresh-high-may-consumer-prices-surging

HYPERLINK has full article

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Scorching hot inflation has created severe financial pressures for most U.S. households, which are forced to pay more everyday necessities like food, gasoline and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.

Rising prices are eating away the strong wage gains that American workers have seen in recent months: Real average hourly earnings decreased 0.6% in May from the previous month, as the inflation increase eroded the 0.3% total wage gain, according to the Labor Department. On an annual basis, real earnings actually dropped 3% in May.

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This is the reality of full Democrat control. People are hurting. But what are the Democrats doing right now to address the harm they've caused?? Why, they are showing a movie about the Jan 6, 2021 selfie-fest with no mention of an unarmed woman being gunned down

You cannot make up this stuff.

Maybe we should send Biff out to educate the Democrats and Democrat voters who voted for this train wreck.

 

Last guy with inflation this high was re-elected winning 49 states

 

yup, as he fixed what was created by the prior Democrat admin.

You speak partial facts

Any comment about the pain felt today? Do you think it's just swell?

 

If we don’t buy anything for two weeks we can flatten the curve.

 

Yah like joe did with the plague. Let’s go Brandon!

 

He inherited it from Jimmy Carter. People understand that.

 

I haven't laughed that hard for a very long time.

 

And they should understand Biden inherited Covid

 

They will understand who was helping and who is hurting us now. Biden's using the same tired old Obama policies that got us an approx. 1.8% growth for 8 years before Biden went brain dead.

 

Yeh because the 1.03% under trump was much better

 

And you miss the trump negative growth of 2020?

 

Inflation is all about stealing from savings. Thus is why FDR banned ownership of gold. It protected savings from theft.

 

and why was it at that ?

 

Good luck!

 

Ah the Biden/China virus.



Biden was against a travel ban.

 

Because republican votes have consequences

 

You mean the one that did nothing? Lol

 

Biden is still blaming the food and gas tax on Putin. Think about it, he’s actually admitting the inflation we’re seeing is a tax. Now he just needs to admit he caused it.



Things Get Weird During Joe Biden's Lie-Filled Inflation Speech in Los Angeles
https://redstate.com/bonchie/2022/0...illed-inflation-speech-in-los-angeles-n577164

 

You would suck on Jeopardy.

 

You forgot what Biden said did you? He told the country he will end COVID if elected. When deaths under him surpassing Trump by a wide margin, Biden didn’t take his own advice and resign like he told Trump.

 

It’s justify to remove Brandon from office by force if necessary unless he resigns for destroying the country. I favor house arrest.

 

The horse was already out of barn by 2021. Heacnot a miracle worker

 

Reagan enjoyed a great Fed Chairman by the name of Paul Volker. Paul Volker actually had real plan to curb inflation. Since Reagan took office during a very bad economy he wasn't worried Paul Volker would need to add a little more pain in order to bring down inflation.

 

Thanks Joe Biden and all the stupendous Democrats!

 

The cause is massive amounts of money being printed. That government spending and borrowing from the Fed has to be funded from somewhere.

But there is also a little bit of Wage-Price Spiral phenomena going on, where the inflation is causing wage rates to rise a little bit (not as much as the inflation), and then the wage increases are causing the inflation to increase a little bit more (not as much as the wage increases). This will continue a little time length until the two finally start approaching some point of balance.