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August 6, 2023
'Bidenomics' Is A Complete Failure - The Media Can No Longer Protect Biden From Americans Looking At High Grocery Bills, Rising Gas Costs, And Empty Wallets
The first lie of "Bidenomics" the Biden regime and the media continue to tout is that inflation is going down, yet Americans are still seeing extremely high food prices when compared to 2020 before Biden took office, because what goes up, doesn't always come down.
On top of that, gas prices are rising once again, but the media is attempting to lay the some of the blame on the summer heat, yet unless one believes there were no summers during the Trump presidency, that excuse falls flat and actually attains the level of outright lies.
The claim: "This summer's heat wave has also contributed to the rising pump prices, some experts say, as extreme heat prevents refineries from running at full capacity."
Via AP, about gas prices under Trump: "The highest price during his [Trump's] administration was $2.96 in May 2018, and its lowest was around $1.77 in April 2020, when much of the country was locked down due to the COVID-19 pandemic. When Trump left office on Jan. 20, 2021, the average price was around $2.39 a gallon."
On August 4, 2023, in the midst of the rise in gas prices, which are still rising, USA Today, gives us a look at states with the highest prices and states with the lowest prices.
States with most expensive gas
1. California: $5.05 per gallon
2. Washington: $4.99 per gallon
3. Hawaii: $4.73 per gallon
4. Oregon: $4.65 per gallon
5. Alaska: $4.41 per gallon
6. Nevada: $4.33 per gallon
7. Utah: $4.11 per gallon
8. Illinois: $4.06 per gallon
9. Idaho: $4.00 per gallon
10. Colorado: $3.97 per gallon
States with cheapest gas
1. Mississippi: $3.33 per gallon
2. Louisiana: $3.44 per gallon
3. Alabama: $3.45 per gallon
4. Kentucky: $3.46 per gallon
5. Ohio: $3.46 per gallon
6. Tennessee: $3.48 per gallon
7. Texas: $3.49 per gallon
8. Arkansas: $3.50 per gallon
9. South Carolina: $3.54 per gallon
10. Oklahoma: $3.58 per gallon
Not one state has lower prices than Trump's highest price during his administration, which was $2.96 per gallon.
As for food, July's numbers won't be available until August 10, but can guarantee, simply by looking at previous releases, that food will be far higher than the overall inflation.
We have already shown June's numbers but for those new to ANP or missed it, the chart is above.
So, while overall inflation was at 3% in June, food inflation was higher, with some products such as cereals and bakery goods, including breads, hitting an 8.8% rise from June 2022.
This is what the media ignores when touting a 3% inflation rate, claiming it has gone down.
What they truly don't want Americans to understand is that inflation can go down, but unless it hits negative percentages, prices are still high and getting higher, and will continue to do so.
Consumers won't feel any relief because the high prices are here to stay.
Via Breitbart because when possible I avoid CNN links:
On Friday’s broadcast of “CNN News Central,” CNN Business Editor-at-Large and CNN International Business Correspondent Richard Quest noted that the decrease in the rate of inflation doesn’t mean prices are falling, and “Prices are still going up. They’re just not going up as fast” as they were before, and that even with decreases in the rate of inflation, you’re still “paying a lot more.” Quest also stated that while he thinks price increases will ease, “you won’t see” prices “coming down.”
While most Americans understand that, it hasn't stopped the media, on behalf of the Biden regime, from trying to pull the wool over Americans' eyes.
Unfortunately many prefer to believe the media lies because they cannot admit that "Bidenomics" is a complete failure.
AMERICANS FEEL THE PAIN OF BIDENOMICS..
The disconnect for Americans between what the media and the Biden regime is telling them and what their own eyes, bank accounts, and wallets are showing them, tells the whole story of "Bidenomics."
“The share of U.S. adults who said they would cover a $400 emergency expense with cash or equivalents dropped by 2 percentage points from the previous quarter to 46%, highlighting how cash-strapped many Americans are despite the recent decrease in headline inflation,” according to the survey developed by Bloomberg and conducted by intelligence company Morning Consult.
Lower-income workers have been the hardest hit by price spikes, particularly for food and other staples, since those expenses account for a bigger share of the budget, studies show. Roughly three-quarters of consumers earning less than $50,000 annually and 65% of those earning between $50,000 and $100,000 were living paycheck to paycheck in June, based on LendingClub’s numbers.
Further, 61 percent of respondents used the word “struggling” to describe the U.S. economy under Biden’s lead. Another 56 percent used the word “uncertain,” and 36 percent described it as “unfair.” Another 65 percent, overall, described the U.S. economy as “bad,” and 69 percent believe prices have been “going up” in the last few weeks.
Perhaps distraction was the president’s best option, given the public’s 36% approval rating of an economic record dominated by soaring federal debt, surging inflation and stagnant real incomes.
Similarly, an Associated Press-NORC Center for Public Affairs Research poll in May found that only 33% of Americans approve of Biden’s handling of the economy, and that just 24% said the economy is in good shape.
The headlines keep coming, showing that most Americans see "Bidenomics" in a far different way than the Biden regime, and their puppets in the media continues to gaslight Americans with headlines of "inflation went down," and ignoring the alternate headline of "food inflation still breaking Americans' wallets."
BOTTOM LINE
The regime can claim Americans have more money in their bank account, but if their bank statement contradicts those assertions, Americans know it.
The regime can claim "inflation is down," but when Americans get to the grocery store check-out line and see they are paying more than double what they were in 2020, they know the Biden regime and the media are feeding them BS.
Below we have a new video from the Epic Economist listing 15 grocery products that may be hard to find this fall, and he explains why. Below that is a list of those specific items and how to save money by making a few of these items from scratch.
The list below is limited to the information provided in the video above.
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