Inflation Hits Highest Level Since Reagan's First Year

OUT: Inflation hits 30 year high in October 2021

IN: Inflation hits nearly 40 year high in November 2021

Inflation has been clocking one record-beating month after month after month.

Just last month, inflation rose by a whopping 5.4%, the fastest surge in prices since George G.W. Bush. I mean, the fastest since George G.W. Bush was at 88% approval and we all thought he'd walk to reelection in 1992.

Inflation continued to surge in September, with prices rising more than expected as companies grapple with a snarled supply chain and a nationwide labor shortage, the feds said Wednesday.

The Labor Department's Consumer Price Index, which measures a basket of goods and services as well as energy and food costs, jumped 5.4 percent in September from a year earlier.

That's up from August's 5.3 percent year-over-year rise in prices and matches the 5.4 percent increases seen in June and July, the biggest 12-month rise since August 2008, just before the financial crisis sent the US into the worst recession it had seen since the Great Depression.

So that was last month.

And Brandon says, "I can do more to destroy this country and prepare the way for a communist overthrow of the American system."

Prices spiked a whopping 6.8 percent in November, compared with the same time last year -- the fastest acceleration of inflation the country has seen in 39 years, the feds announced Friday.

It's the highest year-over-year reading of the Labor Department's Consumer Price Index, which measures a basket of goods and services as well as energy and food costs, since 1982, when the country saw surging inflation that sparked year-over-year spikes as high as more than 14 percent.

So now we're going back to the year of absolute economic misery when Reagan was wringing Jimmy Carter's inflation out of the system.

...

It's also the fifth straight month in which inflation surged more than 5 percent, year over year, under President Biden.

Cliff Hodge, chief investment officer at Cornerstone Wealth, called the readout "scorching."

CNN Headline:

Biden Economy "Scorching," Experts Agree

Don't worry, though: Brandon has a plan to Whip Inflation Now.

And that plan is to ask his media supporters to tell their viewers that the economy is in a "Biden Boom."

Soaring inflation has become a major political liability for Biden, and earlier this week reports emerged that administration officials were conducting a blitz of off-the-record briefings to convince journalists to cover the economy more favorably.

The strategy appears to be finding traction in some quarters. On Thursday, CNBC host Jim Cramer gushed that 'we have the strongest economy perhaps I have ever seen.'

CNN host Don Lemon also literally broke into song on Tuesday, trilling 'Laaaaa!' as he crowed that gas prices had dropped five cents in the last month.

Here's noted sexually assailant and corrupt tipster to criminal hate-crime hoaxers Don Lemon literally singing "Laaaaa!" over a two cent drop in gas prices after a full dollar increase in prices:

The media has its marching orders: Spin Biden's disastrous economy as a "boom."

"Doctor" Jill Biden previews the next media blitz: portraying Biden as mentally competent and working "24 hours a day."

'I think that's ridiculous': Jill Biden dismisses concerns about her husband's mental fitness and claims he works 'almost 24 hours a day'

Jill Biden defended Joe Biden's mental health, calling questions about her husband's capabilities 'ridiculous'

'I think that's ridiculous,' she said of polls showing Americans had questions about the president's mental capabilities

...

'He keeps working at it. He's an eternal optimist, and he keeps working, Rita, like almost 24 hours a day, at creating relationships with Republicans as well as Democrats. To push his agenda forward. It's that important,' she said in excerpts of the interview that aired Friday morning on CBS This Morning.

posted by Ace at 02:38 PM

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