Tag Archives: recordinflation2021

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Daily Broadside | Don’t Look Now But What You Can Plainly See Isn’t There

Daily Verse | Hebrews 2:3b
This salvation, which was first announced by the Lord, was confirmed to us by those who heard him.

Wednesday’s Reading: Hebrews 3-4

Good morning, my friends. Wednesday and everybody but the current Resident and the other squatters in the White House have noticed that the price of everyday goods and services are rising faster than a hot air balloon filled with the vapid musings of Joy Behar and Whoopie Goldberg.

Since I’m no expert on economics, let’s let David Catron give us the details.

This is the largest 12-month increase in the CPI since 1982, and it is hitting Americans where it hurts most — the cost of energy, food, and transportation. This suggests that there is indeed a “huge disconnect,” but that it is between the fiscal fantasies of the Biden administration and the financial realities faced by the voters. Unfortunately for the White House, inflation isn’t as susceptible to spin as are most issues debated inside the Beltway. Americans encounter the truth every time they pay their heating bills, fill up their gas tanks, and buy food. Friday’s report merely confirms what they see in their daily lives. The worst news involves how much more they now spend on energy than they paid last year:

On energy: The energy index rose 33.3 percent over the past 12 months with all major energy component indexes increasing sharply. The gasoline index rose 58.1 percent over the last year, its largest 12-month increase since the period ending April 1980. The index for natural gas rose 25.1 percent over the last 12 months, and the electricity index rose 6.5 percent.

On food: The food at home index rose 6.4 percent over the past 12 months, the largest 12-month increase since the period ending December 2008. The index for meats, poultry, fish, and eggs increased 12.8 percent, with the index for beef rising 20.9 percent. The index for dairy and related products posted the smallest increase, rising 1.6 percent over the last 12 months.

Everything else but food and energy is up 4.9 percent over the past 12 months, its largest 12-month increase since the period ending June 1991.

From Ronna McDaniel at Fox News:

Meanwhile, the latest data from the Labor Department shows consumer prices skyrocketed 6.2% in October – the largest spike in more than 30 years. Rising prices are making everything more expensive: gasoline is up almost 50% since last year and used vehicles have risen by 26%. And if you hosted a holiday dinner last month, you might’ve emptied your wallet: according to the Farm Bureau, Thanksgiving dinner cost families 14% more than last year.  

Despite Biden’s assurances that inflation was temporary, the latest numbers indicate that inflation is here to stay – and will likely get worse. Economists project that high inflation will last well into 2022. 

Yet Biden and company want you to believe that this is all nothing to worry about and, in fact, are lying about it with straight faces.

Rather than actually tackling inflation, officials are more interested in explaining why those prices aren’t the full story. Biden chief of staff Ron Klain decided that the best response was a flip chart explaining that everything was actually great. It is one thing to tout your economic achievements, it is another to deny the existence of any problems. On inflation, the White House too often finds itself telling voters not to believe their lying eyes.

This is standard operating procedure for the Democrats:

But American voters aren’t having it:

The Economist/YouGov poll taken prior to last week’s release of the Consumer Price Index showed that 53 percent of Americans say the economy is getting worse. Just 15 percent say the economy is getting better.

Inflation is a the heart of economic concerns. Fifty-six percent of Americans say inflation is a very serious problem. Another 27 percent say it is somewhat serious, while nine percent say it is only a mild problem and two percent say it is not a problem at all.

All of this portends a disaster for the Democrats in 2022 but, just like their attitude toward inflation, they’re in denial.

President Joe Biden spoke at the Democratic National Committee holiday party on Tuesday night and expressed optimism that his party will prevail in next year’s midterm elections.

“We have to keep making the case,” Biden told a crowd of about 400 in Washington, D.C. “Let me say this again: From the president, we’re going to win in 2022.”

“I want to tell my Republican friends: Get ready, pal. You’re in for a problem,” Biden said, explaining that Republicans are “against everything” and challenging the crowd to name something the GOP is “for.”

OK “pal.”

Don’t forget: these clowns are the ones in charge. It’s up to us to relieve them of that burden in 2022 and 2024.

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Daily Broadside | America is Under Siege From Within

Daily Verse | Mark 3:5
“[Jesus] looked around at them in anger and, deeply distressed at their stubborn hearts, said to the man, “Stretch our your hand.”

Thursday’s Reading: Mark 4-7

Happy Thursday, Broadsiders! Wearing name brand sports apparel does not make you an athlete. Just sayin’.

Resident Biden has been in office for just nine months and has managed to completely undo all that President Trump accomplished in four years. CNN headline: “Prices keep soaring: Inflation rockets to a 13-year high.”

Inflation is at a 13-year high. “The consumer price index, the nation’s key inflation measure, jumped 0.9% in June, the largest one-month increase in 13 years. Over the last 12 months, prices were up 5.4%, the biggest jump in annual inflation in nearly 13 years.”

The price of gasoline is fueling a large part of the increase. “Gas prices rose 45.1% compared to a year earlier.”

Food prices are rising. “Food prices are up 2.4% in the last 12 months, but prices for dining out rose 4.2%.”

The cost of used cars is up, too. “Used car prices were up 10.5% in June — the largest one-month jump in records that go back nearly 70 years, and a stunning 45.2% over the last 12 months.”

Your heating bills are going up this winter. “With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.”

The number of foreigners trying to enter our country illegally is at record highs. Pew Research tells us, “The U.S. Border Patrol reported nearly 200,000 encounters with migrants along the U.S.-Mexico border in July, the highest monthly total in more than two decades.”

Supply chains are backed up. “[S]hipping a parcel from Shanghai to Los Angeles is currently six times more expensive than shipping one from L.A. to Shanghai.”

We’re quitting our jobs in record numbers. “Almost 3% of workers handed in their resignations in August, a record, the government reported Tuesday. The number of people quitting rose to 4.3 million, dwarfing the number of layoffs from employers, who cut 1.3 million jobs the same month.“

Healthcare workers who left their jobs rose year-over-year. “About 534,000 health care workers quit their jobs in August, up from about 404,000 during the same month in 2020.”

Women are quitting at a faster clip than men. “And women are quitting their jobs at a faster pace than men are, according to data from payroll services firm Gusto, which focuses on small businesses. Its analysis found that 5.5% of women quit their jobs in August, compared with 4.4% of men — a gender gap that’s the largest Gusto has seen since it began tracking the issue in early 2020.”

Our military is being degraded via discharging conservative soldiers and anti-vaxxers. “An estimated 350,000 of our military service members are being dishonorably discharged for refusing to take a completely unnecessary and experimental mRNA nanotech injection, which is now proven to degrade immune systems and cause many serious side effects.”

But at least we don’t have any more mean tweets!

Time is running out to confront the clowns wrecking our country.