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March 12, 2024
Bidenflation Rises to 3.2% Sparking Media to Coin the Terms "Miracle Inflation" and "Sexyflation"
The rising inflation rate is just due to the economy reopening three f***ing years ago.
Oh, and supply lines. Curse those confounded supply lines! They all have stutters!
Amid the Biden Administration's latest claims that "Bidenomics" is curbing rising prices, the latest economic data reveals inflation unexpectedly rose to 3.2% last month, underscoring the ongoing challenge of controlling living costs for Americans.
Key Details:
Unexpected Increase: The latest Labor Department figures showed a 3.2% year-over-year increase in consumer prices for February, exceeding economists' forecasts.
"Economic forecasters" are not forecasters, they are wischcasters. They constantly "estimate" the economic news will be better under Democrats, and likewise constantly "predict" that the economy will be worse under Republicans.
But trust your partisan, gaslighting "experts."
Core Inflation Concerns: Core prices, excluding volatile food and energy costs, rose by 3.8%, signaling persistent inflationary pressures.
Federal Reserve's Dilemma: With inflation rates surpassing expectations, the Federal Reserve faces tough decisions on interest rate adjustments amid efforts to stabilize the economy.
In other words, the Fed wants to lower interest rates to spark a fake period of artificially-stimulated growth in order to help Biden win steal another election with sufficient cover.
But if inflation is rising, they can't cut rates -- in fact, they should probably raise them, which will slow the economy.
In a recent and surprising twist, inflation in the United States has taken an upward turn, registering a 3.2% increase in February from a year earlier, according to the Labor Department. This rise surpasses the anticipated 3.1% increase predicted by economists, igniting concerns over the effectiveness of measures promised by President Joe Biden to rein in surging prices that continue to burden American households.
Wait, Biden's highly inflation spend-a-thon bill dishonestly named the Inflation Reduction Act didn't reduce inflation?!
Well I'll be a Biden's uncle. (A Biden uncle will certainly pull $5-10 mil a year from China, so Easy Street, here I come!)
Oh, and into the gnawing maw of rising inflation, Biden wants to toss $7.3 TRILLION in chum.
House Republican leaders have criticized President Biden's proposed budget for fiscal year 2025, citing concerns over increased spending and tax hikes. The budget, which is largely symbolic and unlikely to pass the Republican-controlled House, is part of Biden's pitch to voters as he seeks re-election.
Key Details
President Biden's proposed budget for fiscal year 2025 totals $7.3 trillion, with plans to increase taxes on corporations and high-income households.
The budget includes funding for progressive policies such as the American Climate Corps and the Green Climate Fund, as well as development programs in the STEM fields with an emphasis on diversity, equity, inclusion, and accessibility.
The Inflation "Reduction" Act spent billions on these programs, and somehow it didn't reduce inflation.
House Republicans have proposed their own budget, led by Budget Committee Chairman Jodey Arrington, R-Texas, which aims to cut $14 trillion in federal spending over 10 years by slashing federal benefits and social programs, among other areas.
posted by Disinformation Expert Ace at
02:41 PM
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