Biden did it. He set a new record! Inflation — the consumer price index — is up 7.9% in February on an annual basis, according to the Bureau of Labor Statistics. Month-over-month, inflation rose 0.8% despite Jen Psaki claiming it has been waning and it’s all Russia’s fault. This went on pre-Putin.
It is worse than the January jump of 7.5% and continues the 40-year record. The last time we were this bad was in February 1982 thanks to another Democrat who had wrecked the economy prior to that date — Jimmy Carter.
Gas jumped 6.6% in February — a third of the hikes — and food rose 1%.
Maybe you can’t heat your house but you can have Mac & Cheese for dinner.
And, to keep it going, the House just approved a $1.5 trillion spending bill on welfare, government agencies, Ukraine, and two other nations.
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“Popular capitalism, which is the economic expression of liberty, is proving a much more attractive means for diffusing power in our society. Socialists cry “Power to the people,” and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State. To us Conservatives, popular capitalism means what it says: power through ownership to the man and woman in the street, given confidently with an open hand.”
Margaret Thatcher
There is going to be so much losing, you are going to get tired of all the losing.
“I shall never stop fighting. I mean this country to survive, to prosper and to be free…I haven’t fought the destructive forces of socialism for more than twenty years in order to stop now, when the critical phase of the struggle is upon us.”
Margaret Thatcher