Inflation

This is a mess. Numbers just released from February are showing 7.9% annual inflation. That’s up from 7.5% in January, 7% in December, 6.8% in November. The trends get worse every month! Wages are rising, yes, but not nearly as fast as inflation. And those who are most harmed by this inflation are those least likely to be able to absorb these price hikes!! Inflation is an awful,… Read more »

The news is not good. Just moments ago, inflation data was released for last month showing consumer prices having soared 7% in the last year. Every month in recent memory has brought more bad news on this front. This latest report represents the highest increase in the last 40 years. Lots of factors are in play here, not the least of which is the labor shortage, Covid, consumer demand,… Read more »

Under President Biden, we're now at a 39-year high for inflation. That's according to data released earlier this Friday morning. Remember: inflation hit a 30-year record in last month's report. Now we're at a 39-year high, and continuing to trend in all the wrong directions under liberal leadership. Yet we're STILL being asked to believe that the historic levels of government spending… Read more »

As Thanksgiving approaches, people are looking forward to spending time with their families to share laughs, enjoy good food, and maybe watch some football. What usually accompanies these warm gatherings are plentiful dips, spreads, dressing with gravy (my own personal favorite), and, of course, turkey. That is if you’re lucky enough to afford one this year. Last year, America’s favorite… Read more »

The news is not good this Wednesday morning. Inflation has now surged to a 30 year high, according to data just released by the Labor Department. For the year ending on October 31st, wholesale prices are up 8.6%, while consumer prices are up 6.2%. (For simplicity, think of “consumer prices” as what you pay the store, and “wholesale prices” as what that store has paid the… Read more »

I voted NO last night, just like I promised. For those who are interested, here’s a quick & simple summary of what happened yesterday in the House of Representatives on the two massive tax & spend proposals.   Remember we’re talking about two separate bills. Bill #1 has been dubbed the “infrastructure bill.” It has over $1 trillion that deals with infrastructure… Read more »

More bad news today on the inflation front. Consumer prices jumped 0.4% last month, according to the Labor Department. Over the last year, prices have risen 5.4%. Let’s put that in perspective… Food prices alone have jumped 4.6% in the last 12 months. Certainly you’ve seen that reflected in restaurant prices or at the grocery store. (If not in higher prices, then definitely in… Read more »

The average price for gas hit $3.02/gallon here in South Carolina yesterday, according to AAA. That’s up a whopping 55% from this time one year ago. For now at least, President Biden’s energy policies are not (yet) the primary culprit. Several factors have contributed. For example, the oil cartel controlling most of the world’s oil & gas production, OPEC, has refused to increase… Read more »

  You’re being misled when talking heads – particularly from the Biden Administration – claim that this alarming spike in inflation is temporary. They’re correct in some respects, but intentionally deceiving us on others. Let’s dig into this a little… Where are they correct? Yes, there are some prices that are almost certainly “transitory.” The average cost… Read more »

Have you lost track of all the money Democrats are frantically trying to spend this year? You know… the trillions we don’t have? The money we can’t afford to borrow because of our obscene national debt? The massive additional federal spending that will only make President Biden’s inflation worse than it already is? If so, you’re not alone. This isn’t even about the emergency COVID… Read more »