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Showing posts with the label inflation

Media hid economic crisis until Biden left office

 PJ Media: Treasury Secretary Scott Bessent started off his CBS News interview Sunday by ripping leftist media — including CBS — for pretending Joe Biden’s horrible economy was great until he left office. As We the People picked up extra jobs or lost jobs, as we struggled to pay bills and saw inflation eat up our savings, mainstream media swore we were fools who didn’t appreciate a booming economy. But as soon as Donald Trump took office and inherited Biden-Harris’s economic morass, the media began screeching hysterically about egg prices and insurance costs. As Bessent said, these stooges are total hypocrites. Addressing the ever insidious “Face the Nation” moderator Margaret Brennan, who expressed concern about prices and economic backsliding, Bessent said, “You know, Margaret, what I find interesting is, for the past year and a half, and during the campaign, most of the media said, Oh, the economy is great. It's just a vibe session. Now that President Trump's in office, ther...

Money wasted on the climate kooks retrieved

 NY Post: EPA Administrator Lee Zeldin announced Wednesday that he’s found $20 billion in taxpayer money that the Biden administration “parked” at a financial institution — in an apparent effort to prevent the Trump administration from cutting grants to “far-left activist groups.” Zeldin , 45, explained in a video posted on X that the Biden administration’s obfuscation was unprecedented and he demanded that the unnamed financial institution immediately return the funds to the EPA. “Shockingly, roughly 20 billion of your tax dollars were parked at an outside financial institution by the Biden EPA,” Zeldin said . “This scheme was the first of its kind in EPA history, and it was purposefully designed to obligate all of the money in a rush job with reduced oversight.” The $20 billion appears to be money that was appropriated to the EPA under the Inflation Reduction Act, which boosted government spending on environmental projects. The EPA administrator and former New York Republican co...

Democrat attempts to dodge responsibility for inflation

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 DC Daily Journal: ... Fox News anchor Harris Faulkner recently confronted former Democratic Pennsylvania Representative Patrick Murphy over the rising prices of eggs and their connection to inflation. During a heated exchange, Murphy attempted to pin the high cost of eggs on former President Donald Trump, while Faulkner reminded him that egg prices had already seen significant increases under President Joe Biden’s administration, especially as inflation reached record highs in 2022. ... Egg prices in the United States have surged by 37% since late January 2024, largely driven by inflation and the ongoing bird flu epidemic. In fact, the U.S. Department of Agriculture has warned that egg prices could rise even further, potentially exceeding 20% this year. This sharp increase in prices has become a point of contention for political figures, with many seeking to lay the blame on the administration in power. Murphy, seeking to attribute the surge in egg prices to former President Trump...

Biden's so called achievements

 DC Daily Journal: ... Despite significant achievements under his administration — including the addition of 16 million jobs, infrastructure funding, and investments in clean energy — Biden and Vice President Kamala Harris struggled to convince Americans of the economy’s strength. Inflation spikes in 2022 overshadowed their progress, leaving many households grappling with higher costs for essentials like food, gas, and housing. According to the AP VoteCast survey, over 60% of voters in November’s election described the economy as “poor” or “not so good.” Nearly 70% of those voters supported Trump, enabling his comeback after his 2020 defeat to Biden. In his speech, Biden underscored that Trump would be inheriting “the strongest economy in modern history,” pointing to falling inflation, low unemployment at 4.2%, and record-high applications for new businesses. He touted these accomplishments as benchmarks for the future. ... This is more politics of fraud from Biden.  The jobs ...

Putting a stop to deficit spending

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  Mario Nawfal @MarioNawfal Subscribe MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS  "The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past." Source: @JMilei @agarra_pala Quote Mario Nawfal @MarioNawfal · 11h This is a way to stop inflation.  The US should try it.