Flickr/Gage Skidmore This week we got more astounding numbers showing inflation continuing to surge out of control. But beyond these big-picture headlines, we’re also gaining more insight into what this economic carnage actually means for everyday people.
With consumer prices rising 9.1% from June 2021 to June 2022, inflation is now at the highest level since 1981. Thanks to this inflation, workers’ real wages, or wages accounting for inflation, are actually in decline, falling significantly over the last year.
How’s that for “Build Back Better?”
New analysis from the Heritage Foundation’s E.J. Antoni puts these figures in tangible, everyday terms. He reported that the average worker has lost $3,400 in annual income due to inflation since President Joe Biden took office, while the average household with two working parents has lost $6,800.
“There are plenty of families that that’s more than their food budget a year,” Antoni told Fox Business. “I can’t emphasize enough how much this is really crushing consumers.”
The expert added that the costs of inflation have now added up to far more in losses for workers or households than they received in total stimulus checks.
Antoni’s specific data bring the real consequences of inflation into focus. In effect, inflation is a “stealth tax” on the public — a way the government confiscates and redistributes resources without formally raising our taxes. This lets politicians escape the political backlash that comes with raising people’s taxes — if people aren’t wise to what’s going on.
But we should be holding our elected officials accountable for the suffering because inflation is rooted in policy choices.The federal government decided to print trillions of dollars out of thin air to “stimulate” the economy during COVID-19, but all it really did was make the dollars in existence less valuable. What’s more, it ran up trillions in budget deficits and […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!