So we hear all this terrible news about the economy and rising Inflation. MSM barely mentions it and Progressives totally ignore it. One loon said things are so good that hubby is going to get three buckets of chicken a day. :)
But seriously, why is it being ignored? Those extremists use this as an excuse. " You think it's bad here? Look at Europe." How sick is that comment? Look at Europe.
We don't live in Europe. We live here and this is all self inflicted. US spending went from 4 trillion to over 6 trillion in less than two years. What did we get for it?
After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer inflation is once again flashing a warning sign about the persistence of high prices.
The Bureau of Economic Analysis said Friday the Personal Consumption Expenditures price index for August rose by 6.2 percent from a year ago, following a revised July reading of 6.4 percent. That was viewed as a driver behind the central bank’s decision to raise its benchmark rate by three-quarters of a percentage point for the third time in a row earlier this month.
What say you?