by Ian Hanchett
Breitbart.com
On Monday’s broadcast of NBC’s “Today,” President Joe Biden responded to a question on what he would say to people whose money isn’t going as far due to inflation by saying, “we have the best economy in the world. We’ve got to make it better.” And “we’re going to find out that what happened as a consequence of the crisis we had on health is going to have a lasting effect. We’ve just got to get people to move again. We’re ready. I think the country’s ready to come together…I’m truly optimistic.”
Co-host Al Roker asked, “When people are saying, but, Mr. President, I’m feeling — my buck isn’t going as far, what do you say to those folks about the economy and what’s going on?”
Biden responded, “I say we have the best economy in the world. We’ve got to make it better. We really do have the best economy in the world. Jobs are up more than they’ve ever been. We’re in a situation where the lowest unemployment rate in 50 years was maintained.
Former President Donald Trump’s plan to impose a 10 percent tariff on all imports to the United States would hike prices and cost the average American household $1,500 annually.
Our latest theme is that the U.S. Central Bank, called the Federal Reserve, or the Fed for short, is NOT politically independent, but is in fact a highly partisan organization that leans left.
Gold prices shot to a fresh record on Monday, as investors continued to bank on U.S. interest rate cuts after data showed a key inflation gauge cooling.
(Bloomberg) — Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.
On Thursday’s broadcast of CNN’s “AC360,” CNN Political Commentator and former Obama adviser Van Jones said that the economy is an issue where “actual reality and emotional reality have not lined up” for President Joe Biden because while there are many things that “should have people feeling good. Food prices being sticky at the top, housing prices being sticky at the top, make people feel the whole thing is terrible.”
Young people pursuing romantic partners are forgoing traditional first dates and instead meeting virtually online due to the rising costs of social outings, according to reports.
Food prices, both “at home” (think grocery stores) and “away from home” (think restaurants), are up 25% during the Covid period from January 2020. This high cost change of a consumer necessity is cause for recessionary actions.
The price of Easter is nearing a historic high as inflation and supply chain issues send the cost of holiday staples such as eggs and chocolate soaring.