Inflation

I’m sorry, but it’s just not possible (or healthy) for me to be on Facebook commenting on every bad policy coming out of this White House. There are just too many of them. So when President Biden recently suggested a gas tax “holiday” for three months to combat the skyrocketing fuel prices caused by his energy policies, I thought surely that idea would be ignored as an unserious proposal. But peop... Read more »

There’s only one job where you can get away with causing a massive crisis, denying you caused it, pretending to fix it but not really, and then trying to shift blame to anyone else but yourself. That job is being a Democrat president. Yesterday I took an earlier flight to D.C. to participate in a special hearing at the Heritage Foundation on inflation and skyrocketing energy prices under this admi... Read more »

Here’s a high-level explanation of what just happened today concerning interest rates. I know this is a major concern for many people. Inflation is out of control right now. There are many factors behind rising prices, but a big one has been excessive government stimulus. We’re talking trillions of unnecessary dollars that have been poured into our economy. Sidenote: everyone in this nation ought ... Read more »

New day, new record. Do I think President Biden is solely responsible for this? No, his policies are a major ingredient, but not the whole recipe. There are other global factors in play as well. But given what he can control, has this President acted in the best interest of the American people? Has he done what he can to keep our fuel prices from skyrocketing? ABSOLUTELY NOT. In fact, he's deliber... Read more »

“What’s your solution, Ralph?” I get that question all the time, especially when I talk about wasteful spending in Congress and our $30 trillion in federal debt. Friends, our nation is heading for financial ruin. I’m so tired of being asked to vote “yes” on new spending bills with no offsets. I’m tired of bloated, wasteful government. I’m tired of agency heads who claim they can't do with one less... Read more »

If this President wanted to bring down inflation, the LAST thing he should do is call for higher taxes. Biden’s inflation crisis was NOT caused by taxes being too low. No legitimate economist, and no rational political observer honestly believes that. Instead, Biden’s inflation crisis must be attacked on two separate fronts: supply-side and demand-side. Let’s start with the demand side first. Thi... Read more »

How long will inflation continue to rise? How long will labor shortages continue to be a problem? Is a recession on the horizon? How should companies and employees prepare for the next 12-18 months? To help answer these questions, I’ll be hosting and moderating a special forum in Sumter starting at 11:30 AM on Wednesday, May 4th. Joining me to provide their insight will be three experts on South C... Read more »

Inflation got even worse last month. Prices have now risen 8.5% over the last year, which is the highest rate of inflation in over four decades. This is according to government data released this morning. This is really hurting lower income Americans, who may have fewer means by which to absorb these price increases. It’s a regressive tax, of sorts. It is a mistake to believe that wage growth has... Read more »

A very special thanks to Congressman Jeff Duncan and Rep. William Timmons! The three of us hosted an incredible joint tele-town hall on April 5th, with tens of thousands of constituents joining us on the phone from back home in South Carolina. There were many great questions about inflation, illegal immigration, Ukraine, and other issues facing our country. You can catch a full replay of this even... Read more »

$5,200 this year, or $433 per month. That’s how much MORE the average family will spend just to maintain the same standard of living as last year, according to new research from Bloomberg Economics. If your paycheck hasn’t kept pace with this inflation – and chances are it hasn’t – then guess what? You’re either saving less, dealing with a lower standard of living, and/or going into debt. That’s h... Read more »