The article reports:<\/p>\n
This knuckleheaded narrative engineer from the New York Times\/Atlantic even has the audacity to say, \u201clet prices continue to fall to target,\u201d as if there is a single item at any price that is dropping.\u00a0 His spin is a good example of gaslighting just from the use of the statement \u201cprice inflation is falling back towards where we want it.<\/em>\u201d<\/strong><\/p>\n Price inflation is not price.\u00a0 \u2018Price inflation\u2019 is the rate of increase.\u00a0 There\u2019s a BIG DIFFERENCE between \u201cinflation falling back\u201d and prices dropping. Inflation falling back is merely a lessening of the rate of price increase.\u00a0 The price does not drop, and never will.<\/strong><\/p>\n The article includes the following chart:<\/p>\n The article notes:<\/p>\n Government monetary, fiscal and energy policy created inflation.\u00a0 Devalued currency from spending, simultaneous to massive government policy changes driving up supply side energy costs, exploded inflation.<\/strong><\/p>\n Prices for energy, oil, gas, home heating, fuel and food all skyrocketed as a result.\u00a0 Workers need pay raises to afford these essential costs of life.\u00a0 However, the same people who created the inflation are now worried that wage rate increases may drive inflation.\u00a0 The mindset at work here is infuriating.<\/strong><\/p>\n Consider these empirical data points.\u00a0 \u00a0In August of 2021 the Biden administration permanently increased food stamp benefits by 25% for everyone who needed the subsidy {LINK<\/a>}.\u00a0 This permanent benefit increase was delivered at the same time as the administration was claiming \u201cinflation was transitory.\u201d\u00a0 They knew it wasn\u2019t transitory. They were lying.<\/strong><\/p>\n The Social Security Benefits were also raised in 2022 by 8.7% for the largest ever cost of living adjustment in 2023 {LINK<\/a>}.\u00a0 Both the 25% food stamp increase and the 8.7% SSI COLA were needed to offset the inflation created by government policy\u2026.\u00a0 However, the same government doesn\u2019t want wages to rise.\u00a0 Can you see the hypocrisy.<\/strong><\/p>\n Workers are being crushed by the outcomes of policy, and those who created the policy making the outcomes do not want worker wages to offset the policy.<\/strong><\/p>\n We need to see wage growth in the 20% range just to keep pace with the increased cost of living created by policy.\u00a0 Food costs 40% more, energy 30% more, housing 20% more and the list keeps going.<\/strong><\/p>\n The prices for many goods have already doubled, worker wages need to compensate for those increases.\u00a0 \u00a0However, government, Wall Street, corporations and policy makers do not want to see wage growth that will offset the price of goods because they fear those wage gains will drive inflation.<\/strong><\/p>\n The financial media, Wall Street, govt policy makers (republican & democrats) and corporations are lying to us and simultaneously killing the working-class. We, the workforce, are in an abusive relationship with govt\u2026. and they have the nerve to blame us for inflation.<\/strong><\/p>\n Let’s hope the House of Representatives discovers fiscal sanity in the next year.<\/p>\n","protected":false},"excerpt":{"rendered":" I have heard a number of Biden-friendly commentators explain that Bidenomics is working–inflation is down and wages are up. You could fertilize your garden with that statement. On Friday, The Conservative Treehouse posted an article which gives a more accurate … Continue reading ![\"\"](\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2023\/01\/RealAverageWeeklyEarnings.png\")
<\/a>If you are wondering why you currently have more month than money, the above chart might explain things.<\/p>\n