31 October, 2021

DeSantis Is Correct, Except About the ”Invisible” Part

DeSantis On Bidenflation: ‘An Invisible Tax On The American People’ | The Daily Wire

Gov. Ron DeSantis (R-FL) called inflation “an invisible tax on the American people.”

The remarks come as year-over-year inflation in the United States surges to 5.4% — and as Amy Baker, coordinator of the Florida legislature’s Office of Economic and Demographic Research, tells lawmakers that high inflation is transitory.

It’s not invisible.

I see it every time I fill up my tank, every time I stop at the Drive-Thru, every time I get groceries, every time I get things like video cameras for my PC to help with my (and my kids) work from home efforts.

And from what I hear, I’m going to see it in spades when I get my energy bills this winter.

Data from the Bureau of Labor Statistics confirm that the average American’s real wage is falling due to inflation. The agency recently reported that “average hourly earnings” in the United States increased by 3.6% between June 2020 and June 2021. However, when considering inflation — specifically through the Consumer Price Index, which rose by 5.3% over the same period — “real average hourly earnings” diminished by 1.7%.

Meanwhile, White House Chief of Staff Ron Klain alleged that rising inflation is only a “high-class problem.”

Yeah, because only the high class need gas and food and heat.

What a moron.

We are being led by the most incompetent administration in history. And that’s the generous assessment. The more worrisome assessment is that they understand the effects of their policies completely, and are enacting them anyway.

Biden’s America.

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