For the 42nd subsequent quarter since President Joe Biden and Vice President Kamala Harris took office in January 2021, prices increased once more in July 2024. Commercial media, however, demands that Americans honor the 2.9 percent price increase that is plaguing their walletbooks as an “inflation step.”
According to the U. S. Bureau of Labor Statistics ‘ consumer price index for next month, Americans paid 2.2 percent more for meals, 4.9 cent more for power, 5.1 cent more for house, 8.8 percent more for vehicles, and 3.3 percent more for health care than they did in July 2023. Yet compared to May 2024, July’s inflation showed a 0.1 to 0.9 variety of price excursions across most basic goods and services.
Stores like CNN, nevertheless, used the data to say that cpi” slowed more than expected”.
For the first time since 2021, MSNBC puffed up the inflation rate to “score below 3 cent.”
The New York Times went even further by saying that” Easing Inflation Has Democrats Tasting Victory” ( ). The post quoted past deputy director of the National Economic Council Bharat Ramamurti, who proudly declared,” We’ve won the battle against prices”.
However, the good percent change in the CPI figures dating back to February 2018 suggests that Americans are experiencing skyrocketing prices more frequently than they did last month, next month, or even during Trump’s presidency.
Americans ‘ opinions of the country’s economic status are wildly contradicted by the media’s positive assessment of the depressing inflation figures. Surveys show that inflation has been and continues to be the major issue for voters throughout the 2024 election pattern. Many of them, in part due to the negative impact that inflation has had on their bank balances and livelihoods, have mostly negative views about the condition and way of the U.S. economy.
Costs are so large that not even Harris, despite her best Axios-aided advertising efforts, you safely “distance herself” from the government’s role in record-breaking prices. Basic goods and services then cost at least 20 % more than they did when Biden and Harris first entered the White House.
Four years of financial turmoil, which was made worse by Democrats ‘ Harris-endorsed excessive spending, have destroyed Americans ‘ financial standing. Americans needed an additional$ 11,434 every as of November 2023 to maintain their standard of living as of the end of 2021. There is no doubt that the estimate has just grown because inflation has done nothing but increase since then.
U. S. house debt is at an all-time great of$ 17.69 trillion, and at least 27 percent of people have no benefits. People who lack the cash to cover ever-increasing charges frequently rely on credit accounts. However, in the next fiscal quarter of 2024, at least one in ten credit cards holders and one in ten beneficiaries of auto loans slammed their accounts.
Liberals, their new presidential candidate Harris, and their supporters in the media will remain to , believe that inflation is no longer a concern. The Americans and British companies who are frequently blamed for the economic phenomenon draining their wallets does not forget, however, that their financial woes may be directly , traced to the violet party and , their policies.  ,
The Federalist team author and host of The Federalist Radio Hour, Jordan Boyd. Her function has also been featured in The Daily Wire, Fox News, and RealClearPolitics. Jordanian received her bachelor’s degree from Baylor University, where she majored in political knowledge and minored in media. Observe her on X @jordanboydtx.
