WASHINGTON, DC, Oct 27 — Don’t believe your eyes; the Biden administration tells us that inflation and sky-rocketing prices for consumer goods are all a mirage, not real. In fact, White House press secretary Jen Psaki tells us that inflation rates have decelerated by 50%. Yeah, right.
According to the government’s own statistics, when Mr. Biden became president in January 2021, the inflation rate stood at 1.4%, and as of the end of September 2021, it was at 5.39%. That’s an increase of a whopping 285.714% — in just the first eight months of the Biden presidency.
Meanwhile, Ms. Psaki’s “false and callous” dismissal of the impact inflation is having on our citizens shows the lack of concern that this administration has for struggling citizens. A poll published a few days ago shows that a third of them are resorting to skipping meals in order to cope.
The poll was conducted by Zogby Analytics, which noted that “Food insecurity is becoming increasingly too familiar these days. As the gap between the “haves” and “have nots” widens, more and more Americans are finding it harder to meet ends daily. Economists and advocacy groups are sounding the alarm bells as food insecurity is on the rise in the U.S. To compound matters, rising food prices are not helping the situation. Families are missing meals because their paychecks do not go as far as they once did a few years ago. The middle class is being hollowed out by inflation. We asked voters if they felt the Biden Administration’s failure to control inflation had caused them or family members to miss meals because of the increased cost of food prices, and the results were shocking.”
The Zogby survey found “three in ten likely voters said they had or family members missed meals due to food price inflation.”
You don’t have to be an economist to know why these times are hard, and living isn’t easy. It’s all about the destructively massive spending plans of the Biden administration and his socialist-centric House and Senate. Charles Lipson, political science professor emeritus at the University of Chicago, puts it this way: “Fundamentally, inflation is a monetary problem. It’s too much money chasing too few goods. And the idea that you would pump trillions more into this economy at a time when it’s clearly overheating is just lunacy.”
Sen. Rand Paul, [R-KY] says it’s not going to get better anytime soon. He told Newsmax last week that things are going to get “worse than anybody’s predicting … all baked in from this year’s borrowing so as they pass their big government socialist program, we will get more inflation.” And he’s not the only one to predict that.
In July, polling by researchers at Morning Consult showed 38% of all voters and 38% of independent voters said they believed that as far as the economy under President Biden is concerned, things will get worse next year; as of last week, those numbers increased to 47% and 49% respectively. Even the number of Democrats who are concerned about America’s near-term financial future grew from17% to 23%.
“Sixty-two percent of voters blame the Biden administration’s policies for rising inflation, an increase of 3 percentage points from late July when Morning Consult and Politico last polled on the question. Slight increases in the shares of Republicans (85 percent) and independents (61 percent) who hold the administration responsible fueled the uptick.”