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Real wages," which measures income after accounting for inflation, dropped by nearly 2%, on average, in June compared with 2020. In June, consumer prices jumped 0.9% from the previous month and 5.4% over the past year – the biggest increase in 13 years, the Labor Department said.
And if Donald t was still in office, wages would be up 25%, he'd bring an end to the drought in California, gas prices would be 50 cents a gallon, rents across the country would drop 25%, and, and, and, and...............
We're in an economic depression caused by Donald Trump.
Look at what happened between the late 1920s and the early 1950s in terms of the economy. We are in a repeat of that now.
Hunker down because this is going to get a lot worse before it gets better. Only when we get the will as a country to put pro-middle class policies into place will this end. Continuing to hope trickle down will eventually work if tried long enough will never fix this.
We're in an economic depression caused by Donald Trump.
Look at what happened between the late 1920s and the early 1950s in terms of the economy. We are in a repeat of that now.
Hunker down because this is going to get a lot worse before it gets better. Only when we get the will as a country to put pro-middle class policies into place will this end. Continuing to hope trickle down will eventually work if tried long enough will never fix this.
The roots of this economic situation started in 2008 with the fiscal mismanagement of the system by the federal reserve known as quantitative easing, where they took control of the bond market and manipulated rates downward.
Trump didn't help the situation but he didn't cause it. It's unfortunate he decided to spend like a drunken sailor like a member of the swamp rather than let the whole system implode and let the bubbles burst. At the end there he wanted the Federal Reserve to keep interest rates low and pump up the stock market to make himself look good, when he campaigned on the idea that the stock market was a bubble pumped up by the Federal Reserve. It's one reason people like me voted for him. For me, to take out the swamp you have to collapse the monetary system and start over with honest money, smart money, with a fiscally conservative and non-corrupt set of rules and regulations to keep money out of politics. No alternative.
Real prices of many items that we routinely buy, and I am referring to food and gas, doubled or went up by at least 50%. So that 2% is bogus as it does not count real life inflation.
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