Happy Bidenflation! Fastest Rate Since 1990

Some of you might remember 1990. Joe Biden had already been in the U.S. Senate for 17 years. He hadn’t anything by that point, and didn’t do anything after. Which is perfect, because he’s still doing nothing

Consumer Prices Soar 6.2%, Fastest Rate of Inflation Since 1990

Consumer prices rose at their fastest rate in decades in October, data from the Department of Labor showed Wednesday.

The Consumer Price Index rose 0.9 percent in October from September, exceeding expectations for a 0.6 percent rise. Compared with the prior October, prices are up 6.2 percent, exceeding expectations for a 5.8 percent rise and the highest annual rate since 1990.

Excluding food and energy, two categories of goods that are central to the cost-of-living to households but are so volatile that economists look beyond them to see underlying inflationary trends, and prices rose 0.6 percent on a monthly basis and 4.6 percent annually. Both exceeded expectations.

Earlier this year, inflationary pressures were largely concentrated in a few areas of the economy, leading Fed officials and others to expect inflation to taper off when temporary supply bottlenecks cleared up and demand surges related to the reopening of parts of the economy subsided.

Instead, the tide of rising prices has accelerated, broadened, and become stickier. The Department of Labor described October inflation as “broad-based, with increases in the indexes for energy, shelter, food, used cars and trucks, and new vehicles among the larger contributors.” Energy prices rose 4.8 percent in the month, with gasoline prices rising 6.1 percent compared with the prior month. The food index rose 0.9 percent in the month and 5.3 percent over 12-months, with food at home rising one percent on a monthly basis and 5.4 percent annually.

Let’s be fair, a goodly chunk of this has nothing to do with Biden or his Democratic Comrades: we should be blaming China for releasing COVID19. Much of this could have been happening if Trump had won re-election. The difference is, Trump wouldn’t have done everything possible to exasperate the problems caused by COVID like Biden. Other countries are dealing with so many of the same issues, yet, their leaders are not working hard to make them worse, they’re working to help solve them. Which is what Trump would have done. Biden is in Clueless Land.

And Democrats are still trying to pass the Build Back Better bill, which will make things even worse. They will supposedly vote on it Friday.

In all my years, I cannot remember a poll with that question.

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4 Responses to “Happy Bidenflation! Fastest Rate Since 1990”

  1. Professor Hale says:

    What can you say. Those Fox guys never liked Joe. Except when he was running against Trump.

  2. drowningpuppies says:

    Well you asked for it.

    Too many people remain unsettled about the economy, and we all know why,” Biden said in Baltimore. “They see higher prices. They go to the store or go online, they can’t find what they always want, and when they want it. We’re tracking these issues and trying to figure out how to tackle them head on.”

    https://tinyurl.com/an9v9knc

    #LGB
    #EverywhereIGo
    Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  3. drowningpuppies says:

    Energy prices jumped 4.8% last month and were up 30% over the past year, according to the consumer price index. The API president explained that cutting off the Keystone XL Pipeline, leasing and permitting on federal lands, and access to the Arctic National Wildlife Refuge in Alaska, have been consequential for the price of energy. These policies were enacted as part of Biden’s climate change initiative.

    Energy Secretary Jennifer Granholm told CNN’s “State of the Union” host Dana Bash on Sunday that Americans should expect to pay higher costs for heating this winter. “We have the same problem in fuels that the supply chains have, which is that oil and gas companies are not flipping the switch as quickly as the demand requires,” Granholm said.


    #LGB
    #Everywhere I Go
    Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  4. Conservative Beaner says:

    Gas is a dollar higher than this time last year making it a 35% increase. At some stations it has gone over three dollars a gallon. It’s hard to make these elite assholes understand when many haven’t pumped their own gas in years if not decades.

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