Image of the Day: “Putin Price Hike?” No, a Biden Inflation Blowup
While Joe Biden attempts to blame a shifting array of scapegoats for inflation, the simple numbers demonstrate the unmistakable truth. Consumer prices began skyrocketing upon Biden’s inauguration in January 2021, and wage gains plummeted toward an immediate deficit relative to inflation. During the Trump presidency, wages consistently exceeded inflation, only rarely even coming in even, let alone in negative territory. Economist Stephen Moore illustrates the reality unambiguously:
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