Commentary

Should Voters Feel Joy When Paying the Bills Is Harder Than Ever?

By Byron York
Wednesday, August 14 2024

On Wednesday morning, the Bureau of Labor Statistics will release inflation figures for July. Whatever the numbers turn out to be, this will remain true: Prices are far higher than they were when Joe Biden and Kamala Harris took office. Even as the rate of inflation has gone down from its peak in 2022, Americans have learned an unhappy lesson. When the rate of inflation goes down, prices still go up. They are building upon all the price increases before but at a somewhat slower rate. Yes, a very few things go down, but at the same time, others keep rising at a high rate. There's no relief.…

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Notable Quote

"Which state has the highest retail tire prices in the country? It's not a data point that anyone, as far as we know, compiles, but artificial intelligence suggests that it's California. What we can be sure about, though, is that in about three years, California drivers will be paying more for tires than they are today.Significantly more.It won't happen because the tire makers and retailers will suddenly…[more]

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