But, hey, remember, the Inflation Reduction Act is going help climate!
Weird that these tweets on the IRA never mention it reducing inflation https://t.co/vdJPBQ7TDh
— William Teach2 ??????? #refuseresist (@WTeach2) October 12, 2022
None of the other tweets mention the IRA bringing down inflation, cost off food, etc
Food prices surged in September, propelling the producer price inflation gauge higher than expected.
The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.
Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.
- Fresh and dried vegetables: up 15.7 percent for the month and 40.2 percent for the year.
- Grains: up 10.7 percent for the month and 30.4 percent for the year.
- Fresh eggs: up 16.7 percent for the month and 97.3 percent for the year.
- Bakery products: up 0.8 percent for the month and 14.0 percent for the year.
- Pasta: up 1.1 percent for the month and 34.1 percent for the year.
- Processed fruits and vegetables: up 2.6 percent for the month and 16.0 percent for the year.
- Dairy products: down 1.6 percent for the month but up 18.2 percent for the year.
- Fresh fruits and melons: down 1.2 percent for the month but up 20.7 percent for the year.
- Turkey: up 0.5 percent for the month and 38.2 percent for the year.
Not all food prices are soaring. Beef and veal prices fell for the second consecutive month and are down 23.0 percent. Fresh chicken prices fell 3.7 percent but remain 4.6 percent higher than the year ago level. Shortening and cooking oils fell 1.9 percent but are still up 12.4 percent from the year ago level.
Democrats like to yammer about “food deserts”, areas where people cannot easily get affordable, healthy foods like fruits and veggies. They’re trying to turn everywhere into one. Should make Thanksgiving dinner fun
(CNN) Just 22% of Americans rate economic conditions in the country as good, with 41% calling conditions somewhat poor, and another 37% saying they’re very poor. The percentage saying conditions are good is a slight uptick from 18% this summer. The public’s short-term outlook is somewhat more positive, with 40% expecting that economic conditions in the country will be good a year from now, and only 26% expecting them to remain very poor. That optimism is driven mostly by Democrats, 63% of whom expect economic conditions to improve to that level by next year. Most independents and Republicans, by contrast, expect conditions to remain poor over that time.
That does not bode well for Democrats in the mid-terms.
Biden’s ratings for dealing with economic issues, while improved from CNN’s last survey, remain lower than his approval rating overall. Just 32% of the public approves of his handling of inflation (up from 25% in summer) and 36% of his handling of the economy as a whole (up from 30%). Roughly 4 in 10 Americans currently approve of Biden’s handling of gun policy (37%), immigration (38%), helping the middle class (41%) or foreign affairs (42%), with a 55% majority approving of the way he’s handled the Covid-19 pandemic.
There’s a lot more bad news in that poll on a range of other issues, but, this is about the economy. And people see this every day when they go to the grocery store.
Inflation is global,is Teach blaming all that on Biden also? Most prices are directly related to the energy cost required to produce them. Fossil fuel prices in the USA are set by the largest exporting producers in the Arab Gulf and Russia, not by American politicans. The Europeans are realizing the problems of having an unreliable energy partner and are willing to take a short term hit now, to avoid being threatened again in the future. Looks like Teach would rather have them cower and quake before the bff of Trump
The Trump insanity continues. H thinks everything that happens bad is because of Trump and everything good is because of the democommunist party.
we realize Trump is obsessed with Trump but why are you?
MAGA
Hey, H has acquired a clue! Too bad she couldn’t follow it up.
When Trump was in office, OPEC wasn’t setting our prices. Jackass.
They don’t have a choice about taking that hit, dimwit, thanks to their Green Fever Dreams and prior poor decisions.
This appears to be Tossed Word Salad with no meaning. Like most liberal utterances.
Commenter: When Trump was in office, OPEC wasn’t setting our prices. Jackass.
Yes, OPEC was setting prices, jackass. “Trump energy independence” is a myth. Just before the pandemic the US was producing about 14 million bbls/day, but was consuming nearly 20 million bbls/day. And producers were exporting some of the 14 million bbls because crude is global commodity and producers can sell to the highest bidder. Although the US was the leading producer then, and was maximizing output, OPEC+ was producing over twice that much with plenty of headspace to produce even more. Together, Venezuela and the Saudis have over 12 times the US reserves. Canada has 3 times our reserves, so maybe we should invade Canada.
Rimjob tries so hard.
He doesn’t seem to understand how producing 2 to 3 million more bbls per day of domestic oil will bring down prices (and provide more jobs) here in America and in the world market.
But his company did piss away ~$200 million in less than 2 years.
So there’s that.
Inflation is Biden’s fault. The BUCK STOPS WITH TRUMP…ER I MEAN BIDEN.
The left howled and wanted to impeach trump again for killing a single terrorist. Biden is flirting with Civil war and the left cheers.
Just imagine if you will had Trump profited with millions of dollars to himself and his children in Ukraine if he was now president and sending billions and billions of dollars to Ukraine. Imagine how the new impeachment would be going right about now.
There were approximately 92,634 U.S. properties with foreclosure filings from July through September, including default notices, scheduled auctions or bank repossessions, according to ATTOM’s Foreclosure Market Report. That’s up 3% from the previous three months and up more than 100% from a year ago, according to the data.
BIDENS FAULT.
Fifty-three percent of independents called their financial situation poor, a 1% decline from March, according to the poll.
Doesn’t matter what REPUGS or DEMONS say…It’s INDIES that decide elections. More Bad news for the DEMONS.
Speaking of Which”
I voted yesterday. I was asked to show a picture ID. I was asked my address and date of birth and had to sign an affidavit stating it was me and that I would not and had not voted at any other precinct. I of course did early voting which always means almost no lines if you do it the middle of Oct. in my city.
I really don’t know about where you live but if you do early voting (which should be illegal as late voting) where I live you may as well not vote since the democrat run city will “disappear” your vote before they count the replacement twice for a democrat about 3am the morning after the “election”.
But that’s colorful Camden where freedom goes to die.
I live in a colorful RED STATE where freedom rings and your vote counts.
Mr White should move to a more welcoming red state.
Inflation is global, not just American.
But are still higher than pre-2021.
I wonder what might have happened…?
If you cheer this, you are the battered wife saying “I’m so happy he doesn’t hit me as often as he used to!”
Heather Long is an economic reporter and Editorial Board member for The Washington Post, and she just tweeted:
This will be the last official inflation report before the election.
Excellent post, Alan. Whatever John says, the opposite is usually true…
He must get all his bullshit “facts” from the government. Nobody can be that wrong on so many things unless he’s listening to the “experts”.
MAGA
And here’s another tweet from Heather Long:
[…] Pirates Cove breaks the news […]
Dear H:
“Inflation is global…..”
No, inflation is at my local utility company, gas station, fast food joint and local Walmart.