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Inflation Meltdown: How Inflation is Choking the Middle Class

Posted on Wednesday, March 30, 2022
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by AMAC, Bob Carlstrom
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73 Comments
Inflation

We’ve all seen the headlines and we’ve been to the gas pump and grocery stores. The cost of goods and services is significantly higher today under President Biden than it has been for a very long time. And it seems the news keeps getting worse with each passing month. 

According to a February 2022 survey by the National Federation of Independent Businesses (NFIB), “the net percent of owners raising average selling prices increased seven points to a net 68% (seasonally adjusted), a 48-year record high reading.” This seems to corroborate the Bureau of Labor Statistics (BLS), which reported that the cost of goods and services, known as the Consumer Price Index (CPI), rose 0.8% in February on a seasonally adjusted basis after rising 0.6% in January. That’s an increase of 7.9% over the last 12 months. BLS cited “gasoline, shelter, and food” as the largest contributor to the increase, with the gasoline index alone rising 6.6% in February–accounting for almost one-third of all the items in the monthly increase. The cost of food at home index rose 1.4%– the largest increase since April 2020.   

Biden’s inflationary policies are expected to have cost one American household an extra $3,500 in 2021, on average, according to a study by the University of Pennsylvania Wharton School of Business. But don’t just take it from this author. “Inflation is worrying middle-income Americans, with 49% choosing the threat of rising prices as the largest economic challenge facing the U.S. in 2022, according to a Primerica survey,” Bloomberg reported. According to the survey, “some 68% of people surveyed said their income is falling behind the cost of living, and slightly less expect their economic prospects to be worse (28%) or the same (38%) this year.” The survey was conducted by Primerica’s U.S. Middle-Income Financial Security Monitor which “polled 925 adults who earned between $30,000 and $100,000 in 2020.” In other words, inflation is the number one economic issue on the minds of Americans and those who are feeling the pinch do not have a positive outlook on the road ahead.

When middle-class Americans show signs of diminished optimism, lowered consumer confidence, and are dealing with tighter budgets, they are more likely to make a change at the ballot box in November. No doubt, this “buyer’s remorse”  was revealed in the latest NBC News survey last week that found President Biden’s job approval rating at 40%, the lowest of his presidency.

Sadly, the President thinks he can point fingers to escape culpability for his own actions and policies. As the Wall Street Journal Editorial Board recently wrote, “Mr. Biden can blame Mr. Putin for many things, but not U.S. inflation. The root cause is homegrown: Two years of historically easy monetary policy, and explosive federal spending that fed economic demand even though the economy had long ago emerged from the pandemic recession.” 

#Bidenflation, a term coined by Florida Governor Ron DeSantis, has been making the rounds on Twitter, a reference to President Biden trying to escape ownership of his inflationary record. But the point is a real one for millions of Americans who are being choked by these hurtful policies and at the same time asked to blame foreign affairs for their problems. Americans are smarter than the White House gives us credit for and understand that increased taxes and spending will only worsen the economic picture. 

Bob Carlstrom is President of AMAC Action 

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Philip Hammersley
Philip Hammersley
2 years ago

Who are the 40% who think Senile Joe is doing well? Do they survey mental wards or jails? We know the baby killers and sex pushers like him, but 40%?

Sean Richman
Sean Richman
2 years ago

Bidens boondogery started the day he shut down the pipeline construction to feed his goonie friends and their alternative energy investments.Our country went downhill from there and continues its downward slide,its a democRAT agenda.IT’S TIME FOR THE REAL AMERICANS TO WAKE UP AND START KICKING BUTTS!!!!!!!!

Mike Kapic
Mike Kapic
2 years ago

President Biden promised he wouldn’t tax the middle class but he’s done just that. Thanks to AMAC for pointing out the destruction to our livelihoods by the politicians in DC. When are we going to do something more than just wait around to vote. We need to support our Congressional District AMAC Action Delegates and Chapters as they campaign for us to make changes now. They’re working CDs, legislative districts, school districts, and in our neighborhoods to take the fight from the people to DC. Join a local AMAC Action Chapter to help us save our grandchildren’s future.

Deb Rockwell
Deb Rockwell
2 years ago

40% still approve??? There are this many Americans with their head still stuck in the sand?

Barb304
Barb304
2 years ago

IMO this inflation we are now burdened with, which is the worst we’ve seen in many years, is genocide! Those now in control want to eliminate the underclass. They seem to think that if they do so ‘they’re’ world will be better.

Stephen Russell
Stephen Russell
2 years ago

Regular gas is 6.19 Unocal, So CA

Rodney Ernst
Rodney Ernst
2 years ago

It’s time to bombard our constituants on both sides of the isle and let them know how things are . THEY work for us, not the other way around. We voted them in on good faith, but , they are not listening to the people. They are so out of touch with mainstream America . Mid terms are coming, and it’s time for a change. We better focus, and get it right this time.

Kevin Lynch
Kevin Lynch
2 years ago

There are times when I am actually glad my kids have not given me grandchildren. These are such times.

I never cease to me amazed at the stupidity I see on the news. I watch the main Stream Media, only to keep track of the enemy and their current lies. It hurts me to realize I have countrymen who’s sole focus is on what they can milk off the government teat. Gone are the days of the famous JFK quote regarding, “… what you can do for your country.”

President Biden is an embarassment. The only reason I pray for his health is that Harris would be more of an embarrassment. And now we are putting people on the SCOTUS based on their skin color & gender, as the sole qualifications, just as we did in nominating Harris for VP. And 40% of Americans approve of this administration?

God help us.

Wayne Peterkin
Wayne Peterkin
2 years ago

Omitted is the fact that those of us on fixed incomes fall behind due to inflation far faster and far worse than younger Americans. I find it hard to imagine any middle class senior voting for any Democrat this year or in the future. Democrats are enemies of seniors.

Moses
Moses
2 years ago

How could Joe Biden think the American people are smart if 40% of them would vote for him today, that is the implication of a pole number. Anyone in America that would vote for this man and his vice president could not possibly be smart. We are all getting what we deserve for not being more supportive of President Trump. He should have stayed off Twitter and let other people brag on his accomplishments instead of bragging on himself. But he was one of the best presidents this country has had. Get your knee off our necks Joe.

Larry W.
Larry W.
2 years ago

You are sadly mistaken if you think the democratic party will wake up some morning and actually do something about inflation. They have an agenda and whatever or whoever is sacrificed to move that agenda forward is of no concern to them. That agenda includes more government control over our lives, massive expensive programs we can’t afford, and pushing “green energy” at the expense of our own jobs and own resources. They have no concern for compromise as they see themselves as the ruling class that knows best. Any ideas or concerns of others are dismissed as insults to their high intellects. Biden, Harris, Pelosi , Schumer and the rest can only be restrained by removing them from office. Otherwise they will always do what is best for their agenda, and not for the good of the American people.

Vietvet6769
Vietvet6769
2 years ago

This all by design by Biden and his staff, or more like Obama at reigns of the Office of the President

MARK E TERPSTRA
MARK E TERPSTRA
2 years ago

We can grow potatoes in our yards, in pots, or under grow lights. Potatoes can replace much of the food value we get from breads if it gets too expensive. Potatoes and other crops can be blended in with landscaping and any access can be donated to food banks.

Kyle Buy you some guns,and learn how to shoot
Kyle Buy you some guns,and learn how to shoot
2 years ago

Reply to Marks message. Blended in with landscape. ??? Damn the landscape, we gotta eat. Kyle L.

Elena Tellez
Elena Tellez
2 years ago

Rgis is all as planned by the Progressive wing of the Dem party…we can’t let them win..

Patriot Will
Patriot Will
2 years ago

At the current rate of inflation, for the year 2022, Biden’s policies are going to add over $5,000 worth of expenses, on the average, to the money drain on each American family. This is truly unacceptable to any person of fairness and reason. Of course, Biden acts like this is all everyone else’s fault. Biden appears to have no empathy for the many American people who find it impossible to stay afloat. He lives in his sheltered land of plenty, while the average American family is living with daily stress and frustration.

Myrna Wade
Myrna Wade
2 years ago

The democrats have hoped to create a fog by sending stimulus checks.

Garye
Garye
2 years ago

Bob,
Thank you for the excellent article.
Easily the worst inflation and most failed policies by ANY administration ever!
These democrats are a clown show!

Ed Ludwig
Ed Ludwig
2 years ago

We have to be diligent these next few months because you know the smashocrats will come up with some way to sway the midterm election in their favor if they can. After Jimmy Carter’s debacle i bought a home when I returned from Germany and the interest rate on my mortgage was 18%. (that was not a typo) that’s where we’re headed now again.

Jay H.
Jay H.
2 years ago

I remain convinced bidung’s approval rating is much much lower! This idiot is at 40% with the biased media working overtime to cover for this jackass. Just imagine how low this POS approval rating would be if bidung got the same press coverage as Donald Trump.

Enuf Said
Enuf Said
2 years ago

I imagine the Ukranian people have a 40% approval of Biden–BUT–NO sensible American could possibly feel that way!! We will have to continue to suffer through his fiasco of policies, BUT there is hope. November is rapidly approaching. Just last week, in South Carolina, there was a special election to fill the seat of a senator that had passed away. The Repug candidate got 90% of the vote!!

Diane Jones
Diane Jones
2 years ago

If Trump had acted immediately when he was told about the virus; We may have been able to contain it ab it. When we begged for PPEs he said on TV to the camera; may the best state win the bidding wars. Due to he virus, everyone everywhere got hit. Truckers are still in short supply. the ports are still full of things that should have been delivered to warehouses and stores. Climate change has given us some storms that bogged up hwys, killed folks on the hwys, flooded out entire communities, people are drained of everything. Biden got it all handed to him when he took over. It was already here, inflation, no jobs as things were closed down, everyone was sick, one million died from the virus, more than all the wars we fougt. Before Biden. new variants keep coming. there are people who cannot take the vaccine due to allergies. The US was supporting the testing on Bats at the Chinese lab.

tika
tika
2 years ago

the only good economic thing the communist’s ever do is destroy themselves; the worst is they take all the good, decent, smart, hard working people with them.

Garye
Garye
2 years ago

The marxist democrats just don’t care about the affect of their failed policies on Real Americans! Yesterday for the 4th time house democrats rejected Republicans attempt to re- open energy projects here in America to solve the ridiculously high fuel prices that are hurting all families ability to pay their bills.
Why can’t everyone,even the mindless dweebs who allow marxist democrats to lead them by their noses understand that they don’t care about taxpayers at all!
You are despised by these self serving, anri American traitors!
How could anyone vote for these morons???
Where are all those who supported these LOSERS???
They don’t dare open their mouths now because EVERYTHING they do fails!!

April L Andersen
April L Andersen
1 year ago

WE THE PEOPLE…DO NOT MATTER. WE THE PEOPLE ARE NOW FIGHTING TO SURVIVE. WE THE PEOPLE ARE NOT SAFE. WE THE PEOPLE HAVE HAD ENOUGH OF ASSCLOWN JOE BIDEN. HIS POLICIES. AGENDA. DECISIONS. HAS DESTROYED OUR GREAT NATION. OUR NATIONAL SECURITY. THE LIVES OF EVERY LAST ONE OF US…THE AMERICAN CITIZENS OF THIS COUNTRY. ATTEMPTING TO TAKE EVERY DROP OF OUR FREEDOM AWAY. HE HAS BLANTANTLY BETRAYED & SPIT IN THE FACES OF EVERY SINGLE VETERAN WHO HAS & IS SERVING THIS COUNTRY. TO INCLUDE LAW ENFORCEMENT. FIRST RESPONDERS. THE CRIME. MASS SHOOTINGS. THOSE ABANDONED & THOSE MURDERED IN AFGHANISTAN ALL ARE BLOOD ON HIS HANDS. HE IS THE WORST COMMANDER IN CHIEF THIS NATION HAS EVER SEEN. SHOULD OF BEEN IMPEACHED LONG AGO. HIS DECISION TO ALLOW OUR BORDERS TO BE OPEN HAS NOW SET US UP FOR TERRIORISM. AMERICANS HAVE DIED ON HIS WATCH. CONTINUE TO DIE. UNNECESSARILY. HE CARES MORE ABOUT ILLEGAL IMMIGRANTS THAN HE DOES THE AMERICAN PEOPLE. WANTS TO TAKE AEAY OUR RIGHTS TO KEEP & BARE ARMS WHEN THOSE SAME WEAPONS WILL CONTINUE TO PROTECT HIM. HE HAS PUSHED THE AMERICAN PEOPLE TOO FAR. IF AN UPRISING OCCURS HE WILL HAVE ONLY HIMSELF TO BLAME. WE ARE HAVING TO MAKE DECISIONS EVERY DAY TO ATTEMPT TO FEED OURSELVES. OUR FAMILIES. OR GIVE OUR VEHICLES A DRINK OF GAS TO GET TO OUR JOBS. FORGET ANYMORE ABOUT FILLING OUR TANKS. HE BLAMES THE WAR IN UKRAINE. WE THE AMERICAM PEOPLE KNOW THE REAL TRUTH. ALL OF THE REAL TRUTH. WE THE PEOPLE ARE HURTING. THERE IS NOTHING THIS PRESIDENT HAS DONE. NOT ONE SINGLE THING FOR US OR FOR THIS COUNTRY. ONLY DESTROY IT FROM THE INSIDE OUT & TAKING US WITH IT. I HAVE THIS FOR YOU JOE BIDEN “GO UNF××× YOURSELF.”

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