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Halls of Shrewd'm / US Policy
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Author: bighairymike   😊 😞
Number: of 48466 
Subject: Re: CPI
Date: 08/14/2024 6:18 PM
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CPI report just out has inflation slowing below 3% for the first time since March 2021, paving the way for the Fed to lower interest rates.

Harrisonomics!!!! - AW


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https://www.usinflationcalculator.com/inflation/hi...


2020 Inflation Rate = 1.2% <<< this the Trump inflation rate. One one that Joe claims was 9% when he inherited it from Trump

Factcheck.org says
When President Joe Biden took office in January 2021, the U.S. annual rate of inflation was 1.4% — far from the 9% inflation Biden falsely said in a May 8 interview that he inherited. Inflation rose quickly in Biden’s first year, but it didn’t hit 9% until 17 months into his presidency.


The Biden Harris Record is

2021 Inflation Rate = 4.7%
2022 Inflation Rate = 8.0%
2023 Inflation Rate = 4.1%

Now that's Harrisonomics!!!!

Fun with math
Start with what $100 will buy on 12/31/20
The cost is $104.70 on 12/31/21
The cost is $113.07 on 12/31/22
The cost is $117.70 on 12/31/23

Cost of living up 17.7% over three years. 2024 is on track to be another 3%, but even if 2024 = 0, citizens are stuck with and are suffering with the 17.7% increase already baked into their cost of living. This is the real track record of Harrisonomics!!!!

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