One of the things that Americans are concerned about is inflation. Everyone is living with it. We are all dealing with it in are day to day lives, even though those that know best are trying to convince us that things aren’t really so bad.
From an Epoch Times column by Jeffrey Tucker (founder and president of the brownstone Institute):
“Inflation cooled, lower than expected,” read the financial press on the release of the Consumer Price Index (CPI) for July. One only needs to look carefully: when month-to-month changes are down, those alone get the headline. When they are up, as they are in July, the headline focuses on the 12-month trend. Every time.
Based on the data release we have, the “cooling” is actually up from June to July, if you can believe it.”
President Joe Biden appeared at the Creator Economy Conference, the first event ever hosted by the White House’s Office of Digital Strategy (CNBC). CSPAN: Reporter asks about inflation. President Biden: “I told you you’re going to have a soft landing… my policies are working. Start writing that way, okay”
However, we are all living in our real-life day to day world. We all know that inflation is a bi**h. They can all try to tell us how rosy things are, but their gaslighting will not work.
Back to Jeffrey Tucker:
“However, there are still times when the truth seeps out. CNN commissioned a well-constructed poll of about 2,000 random people to find out where they stand on personal finances. The headline number: nearly 40 percent of Americans are struggling to pay their bills. That is up from 28 percent from only three years ago, and a higher number than back in 2008–09, the period known as the Great Recession.
Two-thirds of people say that the number one issue they face is the cost of living and paying their bills. The typical American is spending nearly $1,000 more per month compared with three years ago just to pay living expenses. That is according to Moody’s, but it also fits with the intuition we all have. It suggests a dramatic decline in real household income, despite what the Bureau of Labor Statistics claims.
The survey further reports that a third of Americans say that they have to take an additional job to make ends meet. This has disproportionately affected Latinos and black Americans and those under the age of 45.”
For the next few months expect a gaslighting frenzy by the Kamala/Walz team. However, I doubt that their “inflation is no longer a problem” spiel will actually convince anyone that what we are living is really a mirage.
8/19/24
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