Biden’s Bumbling On Economy Cost Americans $10,000 This Year
View Source | December 23, 2022 11:35 am
- Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.
- But struggling families know not to pop the cork yet.
- The consumer price index rose just 0.1% last month, bringing the 12-month rate to 7.1% — still higher than any year since the disco days of 1981.
- Politicians have downplayed inflation ever since President Biden ignored economist warnings in early 2021 that it would be economic malpractice to throw a $1.9 trillion stimulus bill at a supply-constrained economy.
- Then we were told that inflation was “transitory,” a relic of corporate price gouging and “Putin’s price hike.”
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