These days, it feels like the cost of everything is going up, and no one can deny that inflation is a real problem. But how did we get here?
The latest inflation report is a grim reminder that the economy is in trouble. Prices of breakfast foods—eggs, frozen juices and drinks, cereal, and coffee—have all skyrocketed, with egg prices up 70.1% over the past year and frozen juices and drinks up 12.4%.
It’s no surprise that many doing everything they can to save money and make do with less expensive food choices. The blame for this economic mess lies directly with President Biden and his liberal cronies.
Wall Street Journal suggests Americans skip a meal to save money:
The Wall Street Journal recently suggested that Americans skip a meal to save money. As absurd as it sounds, it’s actually a reflection of the current climate.
Egg prices increased 8.5% in January from a month earlier and are up 70.1% over the past year, according to Information Resources Inc. Frozen, noncarbonated juices and drinks—a category that includes frozen orange juice—rose by 1.5% in January from a month earlier, and the 12.4% annual increase is the highest in over a decade.
Democrats are blaming the ‘poor’ (Also known as the lower and middle class—Basically the rest of us) for inflation, suggesting that Americans are only spending money on essentials and that’s driving up inflation.
The Biden Administration’s insistence that the economy is in good shape is hard to swallow when people’s wallets are being emptied. The unemployment rate may be historically low, but that’s only because fewer people are working or even looking for jobs.
It’s becoming increasingly difficult to ignore the fact that the U.S. economy is in trouble. Prices are skyrocketing, wages are stagnant, and the government is doing little to ease the burden.
Despite the Federal Reserve’s dramatic rate hikes and the Inflation Reduction Act, the price of breakfast foods continues to soar. And it’s all thanks to President Biden and his liberal cronies.
When he was warned that pouring trillions into an economy that had already recovered from the Trump years would cause inflation, he ignored the advice and now we’re all paying the price.