Since Biden-Harris took office, business inflation (PPI) and consumer inflation (CPI) have both increased 19.4%. If businesses were price gouging, consumer inflation would exceed the costs businesses have incurred. It does not = no price gouging! https://t.co/knYaZi69OT
@AndyPuzder Inflation will crest 20% through the Biden/Harris Administration. The last time we experienced this level of inflation was during the Jimmy Carter administration!
The rate at which inflation is increasing slowed to 2.9% in July, but it’s still increasing. Here’s inflation under Biden/Harris compared to Trump. This is how working- and middle-class Americans experience inflation & it’s still ugly.
Biden's tax deception: Rather than a $2T loss, the Trump tax cuts will bring in $3T more than CBO’s 2018 estimate & $1.3T more than higher rates would have generated. The Laffer Curve in action. Lower tax rates = increased economic growth & tax revenue.
https://t.co/uWF9vgq9X9
The 3.4% CPI Update this morn was not good news. The Avg American will lose 5.1% of Real Wages by end of the current Admin term. With 78% of Americans living "paycheck to paycheck" this has caused a whopping 30% growth in multi-job holders vs a 5% growth of single-job holders.
With this morning's CPI update from our government, here is the present state of the economy and the forecasted trends. Given we have data on our two presidential contenders, I have compared their results at 38 months into their respective terms.
When SpaceX Starship slows its climb from 17,000 mph to 10,000 mph, do we say that it's "coming down" or it's "falling"?
There is a big difference between something "coming down" and "still climbing but somewhat slower".
Inflation is still climbing well beyond Fed target rate.
The BLS reported Inflation was "flat" for October 2023 which yielded a decrease in the Year-over-Year CPI which reduced from 3.7% in September to 3.24% in October.
Real Wages unlikely to breach from Negative into Positive territory in the upcoming year.
The tunnels under Gaza could be easily and quickly surveilled using industrial robots (with tracks rather than wheels). They can drop comm repeater balls along their travels for base remote control and with "dead reckoning", map out tunnels. @elonmusk can help here.
Another Bidenomics disaster - Depleted savings - For the bottom 80% of US households by income, bank deposits & other liquid assets were lower in June this year than they were pre-pandemic (in March 2020), after adjusting for inflation - from Bloomberg.
Mainstream Media & the Administration keep telling us "Bidenomics Is Working & Is Good". I think this belief stems from association with terms like "Reaganomics" that really were "Good and Working". The following economic charts explain you're having trouble making ends meet!
Ever wonder why your wages seem worth less under Biden than Trump - despite Biden’s claim that wages are up? We’ll, that’s because they are worth less as this inflation adjusted wage growth chart demonstrates - The Real Consequences of Bidenomics. Thanks @JPCDaring
“Don’t offend your target market.” That may sound obvious, but apparently it’s not. As AB’s and Disney’s demonstrate, when management teams put politics over profits, "woke" ideology over brand image & customers’ loyalty, the consequences can be costly.
https://t.co/H2BIbecxjh
@shonkori@AndyPuzder@BrianBrenberg Inflation remains "Up" as it has throughout Biden's tenure. Its "Rate of Growth" has slowed but, make no mistake, it continues to grow each and every month!
Biden brags that inflation is down (from 8% to 4) and he's right. But all that means is that inflation has slowed. We are still, in some categories, 30-40% above where we were, when Biden took office. His policies are crushing consumers. 😳
cc: @AndyPuzder@BrianBrenberg
“Even one individual standing up to collectivism can make a difference.” Andy Puzder: The Fountainhead by Ayn Rand | The Book Club | PragerU https://t.co/x9IuImuP3n