Click here to view original web page at townhall.com
Source: AP Photo/Susan Walsh
Inflation is again hitting Americans’ wallets harder than it has in years as the U.S. saw its third straight month of rising prices, up 5.4 percent from last year in data released Tuesday — a larger surge than the 5 percent experts predicted. As even Morning Joe and the Associated Press note, that is the “sharpest 12-month inflation spike since June 2008.” The Biden-Harris economy:
“Inflation jumped 5.4% in June – that’s the biggest rise since 2008”
“Inflation is something Americans are going to be worrying about for quite some time” pic.twitter.com/hhoiDVN4RK — Chris Martin (@chrisjdmartin) July 13, 2021 Some Democrats and their media allies say increasing inflation is a sign that President Biden’s “build back better” recovery plan is working, but when looking at the items driving inflation, their justification — that Americans are back to normal and active in parts of the economy for the first time since Wuhan coronavirus restrictions hit causing demand do outstrip supply — does not add up. Love how the media are spinning inflation as a wonderful sign of economic progress under Biden pic.twitter.com/APNj3Kopub — Joel Pollak (@joelpollak) July 13, 2021 Millions of Americans traveled for the Fourth of July weekend, but that wasn’t the first time Americans were on the go this year. Furniture, bacon, fruit, TVs, shoes, milk, and rent were all still being paid for during the pandemic, and are not new post-pandemic activities that entirely validate what Biden’s allies claim. Here are the items really driving up inflation:
Car rental 87.7% (y/y change)
Used cars 45.2%
Gas 45.1%
Laundry machines 29.4%
Airfare 24.6%
Moving 17.3%
Hotels 16.9%
Furniture 8.6%
Bacon 8.4%TVs 7.6%Fruit 7.3%Shoes 6.5%Fresh fish 6.4%New cars 5.3%Milk 5.6%Rent (OER) 2.3% — Heather Long (@byHeatherLong) July 13, 2021 Republicans on Capitol Hill responded with criticism for the Biden economic agenda and measures “rammed through” by Democrats, pointing out the apparent justification of their previous concerns about inflation. “Inflation continued its rapid surge in June, rising its fastest pace in nearly 13 years, the Labor Department reported Tuesday.” https://t.co/JXDhgZiPZX — House Republicans (@HouseGOP) July 13, 2021 ?? BREAKING.The cost of living rose in June by the […]
Click here to view original web page at townhall.com
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker