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I have seen many items double of what they used to be. Not all but many. Everything I buy is always more money now.
If it was $2 it is now $2.50 and that is the low end of this Bidenflation. That is 25% inflation.
This is a portrait of how the misinformation gets spread.
1. $2-$2.50 is not doubling, you made the big statement, and then quietly acknowledged it is only 25%, which is bad enough, and
2. Calling it Bidenflation. This started before his fiscal year started. It is the culmination of 40+ years before him, accellerated by Trump's pressure to lower rates when they should have been raised. Blame Obama, Bush, Clinton, Bush, Reagan and their predicessors, in addition to Trump, but you can't pin this on Biden. His FIRST fiscal year only started in October.
It's easy to see how the biased media tricks people.
7% is low in some cases. Many dollar stores raised their prices to $1.25, that's a 25% increase. And that's along with lowering the quantity or contents of the item package as well. Many supermarkets have had certain types of bread double in less than 3 months. Don't even want to get into gas.
This is a portrait of how the misinformation gets spread.
1. $2-$2.50 is not doubling, you made the big statement, and then quietly acknowledged it is only 25%, which is bad enough, and
2. Calling it Bidenflation. This started before his fiscal year started. It is the culmination of 40+ years before him, accellerated by Trump's pressure to lower rates when they should have been raised. Blame Obama, Bush, Clinton, Bush, Reagan and their predicessors, in addition to Trump, but you can't pin this on Biden. His FIRST fiscal year only started in October.
It's easy to see how the biased media tricks people.
Reread my post.. I said that Bidenflation was on the low end at 25%.. I have seen prices double. A roast a few months ago I bought for $3.00 a lb. Now it is $5.99 a lb. Double and some has gone higher than double. Look at the beef prices. You can't deny it.
Natural Gas prices are still rising. No way to avoid that. I did read this morning in one of the Colorado Newspapers that people should layer on more clothes and huddle by South facing windows to save money.
That is wonderful. We go from the greatest country on earth to one were our citizens are huddled and freezing in their homes because they cannot afford to heat them.
40 years ago, it was contained by raising interest rates.
2 years ago, it was excellerated by lowering them in an already overcharged economy.
To be fair, I doubt Biden has the political balls to raise rates enough to combat this, but I also hope he is not as stupid to keep pressuring to lower them.
what in god's name are you talking about (and nevermind it's "accelerated')?
Real GDP grew a total of 10% in Obama's last term. Real GDP grew 4% in Trump's 1st 3 years. What was "overcharged" 2 years ago?
This is a portrait of how the misinformation gets spread.
1. $2-$2.50 is not doubling, you made the big statement, and then quietly acknowledged it is only 25%, which is bad enough, and
2. Calling it Bidenflation. This started before his fiscal year started. It is the culmination of 40+ years before him, accellerated by Trump's pressure to lower rates when they should have been raised. Blame Obama, Bush, Clinton, Bush, Reagan and their predicessors, in addition to Trump, but you can't pin this on Biden. His FIRST fiscal year only started in October.
It's easy to see how the biased media tricks people.
Oh, no doubt, we've seen it since trump said he was going to run.....
Yeah, prices are definitely up on everything. I started looking for a new enclosed snowmobile/utv trailer and was shocked at the prices now, from a couple of years ago. What was around $10k is at least $15k or more now. And those prices are driving the used market prices up as well.
I just was quoted for 120ft chainlink fence with electric gate..
Inflation rose every year under Carter, topping out his last year at 13.5%.
Inflation the started declining under Reagan, such that yes, in just 2 years (1982) it had dropped to 6.2%.
I don't know what you're talking about "2 years later", but I'm sure you can tell us.
The last time inflation was 3% or more was 2011, which is understandable since we were growing and coming out of the Great Recession (actually had deflation in 2009)
If the money in your bank is losing value. You will either spend it or invest it.
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