On Thursday catastrophic press conferencePresident Joe Biden insisted that inflation was under control.
Just this morning we got a great economic report showing that inflation is down. Overall, prices have fallen over the last month. Core inflation is at its lowest level in three years. Prices are falling for cars, appliances, and flights — airfares. Food prices are down since the beginning of the year.
He is wrong. (This is nothing up-to-date for this administration.) The cost of food still forces American families to make painful choices, and the Situation is getting worse, not better.
Parents express disbelief and frustration over the cost of food, and shoppers publish their huge food bills to social media as part of a growing trend.
In one video, a man showed his receipt from a Trader Joe’s in Westlake Village, California, as an example of how much it costs to feed six children for ten days.
“Oh, my God,” the man said as he scrolled down the $444.38 bill.
Last month, a TikTok influencer who goes by the name “alchanning” called the summer grocery bill the “real moms’ struggle” of 2024.
Here’s the question no one asked an irate and defiant Joe Biden at Thursday’s press conference (which was supposedly about NATO): “Mr. President, how have food prices risen since you took office? How are energy costs? And housing prices?”
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These are the questions that need to be answered. These are the questions that Donald Trump needs to ask. We can be sure that he will ask these questions in the fall, probably after the Republican National Convention, when Trump’s campaign is expected to be in full swing. And the Biden administration’s record is not good.
According to the Bureau of Labor Statistics Food prices have risen 25% since the COVID-19 pandemic began in early 2020. However, in April, food costs fell for the first time in a year.
Aunjahne Williamson, a single mother who Fox News, said rising food prices have hit her strenuous and she often spends at least $400 a month for a family of two.
In other words, since Joe Biden took office, things have gotten worse, not better – just as anyone familiar with bipartisan economics would have predicted after trillions of fiat dollars were injected into the money supply.
Some of us are venerable enough to remember the last time inflation rose this much – in the Nixon-Carter economy. Fixing it – one of the main tasks of Ronald Reagan’s first term – was not simple. To boost the value of the currency, you had to raise interest rates and keep them there, and to fix the problem you had to throw the country into recession (that’s a bit simplistic, but it covers the basics), and the resulting economic boom lasted through the ’80s and ’90s, until the dot-com bubble in 2000.
To put it simply, it took a Carter to bring us a Reagan.
People vote according to their wallets. And people know what they spend on food, gas, and clothing, if you ignore the politicians’ blather. They know what their utility bills were four years ago and what they are today. And if a certain presidential candidate asks the majority of Americans, “Are you better off than you were four years ago,” the answer from most of them will be “no.”
