I am furious that our news media is looking for any good news to support the Biden presidency. The news media is no longer about news … it is almost always about propaganda. This latest implication just makes my blood boil.
This morning’s “news” proclaimed that inflation is down to half of what it was. That is a lie. Inflation is higher than it has ever been … it is just the rate of the increase in inflation that has declined. In fact, as the graph shows, inflation these past few years is way above the levels for the prior administrations … both republican and democratic. Inflation is high.
Prices are not down … they are still sky high and painfully so for those trying to put food on the table. Yes, gasoline prices declined some from their high but they are still very high.
Perhaps the average American can see through this nonsense … perhaps not. All I know is that when I go the grocery store and pick up a box of cereal, it is the smallest box I can remember. Plus, the price is sky high. While I have stopped buying pancake mix, I am still struck by the price being twice or more higher than just a few years ago. Fortunately I am not suffering with these increases, but I know many are in our communities.
Perhaps most stunning of all is the price of fast food, especially hamburgers. Our son goes out to eat at Five Guys and racks up a $23 charge for one burger, French fries and a coke. Yes, it is a good sized meal … but really … are they kidding? So, I went to McDonalds and experienced the same thing even there although not quite as high with $14 for the trio.
By the way, I might suggest we study Waffle House over the past decade. By contrast, my occasional breakfasts at Waffle House have been pretty much the same price they have always charged. A big breakfast for about $10 plus a tip. Plus, I feel I am eating with family every time I dine there.
I am impressed with that, but I am incensed by our misinformation in the news. Worse yet, this morning the Wall Street Journal pointed out that the president is about to blame companies for raising prices over these past few years. Yes, the earnings may be up as well, but most of the cost increases were due to the government’s inflationary spending. Plus, the desire to have people working menial jobs earning a living wage doesn’t help.
I guess we will hear more about that tonight with the state of the union address. The state of the union is not good.
Take a look for yourself: https://www.wsj.com/articles/joe-biden-price-strike-force-business-consumers-white-house-council-of-economic-advisers-64178737?st=plb7phgnk6kutqx&reflink=desktopwebshare_permalink
Inflation is NOT down.