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Re: The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
Bidenflation !!!
The media is covering up for Biden on inflation. Don't believe the lies from the liberal media. We should know better. And most of us do!!Inflation Nation: Consumer Prices Surged Much Higher Than Expected in June
Consumer prices surged by much more than expected in June.
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
Prices keep rising in the United States, putting a squeeze on American consumers' wallets. That trend got worse in June.
The consumer price index, the nation's key inflation measure, jumped 0.9% in June, the largest one-month increase in 13 years. Over the last 12 months, prices were up 5.4%, the biggest jump in annual inflation in nearly 13 years.
Much of the rise in prices is due to gasoline prices, which are far above last summer's levels. The pandemic caused sharp drop in driving and the price of oil. But travel is back -- and so is demand for gas and oil. Gas prices rose 45.1% compared to a year earlier.
Food prices are up 2.4% in the last 12 months, but prices for dining out rose 4.2%. Restaurants are having trouble attracting help as they try to reopen, which has led to higher wages. That increased cost is getting passed onto customers.
But volatile food and fuel prices aren't the only drivers of higher costs. Stripping out those categories, so-called core CPI rose 0.9% in June and 4.5% over the last 12 months. That represented the biggest 12-month increase in that closely watched measure in 30 years.
Record prices for used cars accounted for more than a third of the overall rise in prices. Used car prices were up 10.5% in June and a stunning 45.2% over the last 12 months.
Car prices are being driven up by strong consumer demand for cars, along with a limited supply due to a shortage of computer chips needed to build the cars. Rental car companies, a key seller of used cars, already sold off much of their fleet of cars last year to raise cash during the pandemic and now don't have enough cars to rent.
Although prolonged inflation can be a cause for concern, there's reason to believe that this recent rise in prices -- although pronounced -- will be temporary. Inflation is soaring in part because prices are returning to normal levels after the economy fell into a recession. That makes year-over-year comparisons seem electric, showing up as big increases.
That is particularly true for the price of travel. For example, airfares are up 24.6% over the last 12 months, while hotel and motel prices rose 15.1%. But both are still below where they stood in June of 2019, ahead of the pandemic.
Economists, including those at the Federal Reserve, have signaled they believe this burst of inflation will pass. But if prices continue to exceed expectations, it could prompt the central bank to raise interest rates in an attempt to cool off the economy. The Fed, however, recently signaled it expects to keep rates this low into 2023.
... while it is easy for some to blame President Biden for everything, the reality of the post COVID-19 pandemic economic boom that the USA is experiencing right now is different.
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Re: The Shining City Upon a Hill
Reality is starting to sink in for Biden on Inflation. Doom is coming.
New concern for Biden: Could Larry Summers be right about inflation?
Summers now says he's more concerned than he was when he first issued his warnings.
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
Senate Democrats announced Tuesday that they have reached a budget agreement among themselves that envisions spending an enormous $3.5 trillion over the coming decade. The fiscal plan would pave the way for Democrats' drive to direct a huge pool of federal resources at climate change, health care and family-service programs sought by President Joe Biden.
Senate Majority Leader Chuck Schumer, D-N.Y., announced the accord flanked by all 11 Democrats on the chamber's budget committee after a two-hour evening meeting that capped weeks of bargaining among party leaders, progressives and moderates.
The agreement is a major step in Democrats' drive to turn Biden's effort to bolster an economy that was ravaged by the pandemic and set it on a course for long-term growth. Separately, bipartisan senators have been working toward another measure that would spend around $1 trillion on roads, water systems and other infrastructure projects.Comment
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Re: The Shining City Upon a Hill
It's what we've come to expect from the democratic party.
As One-sided and Partisan as it gets.
They'll decide "among themselves" that we should keep spending exorbitant amounts of money for things that will never get done or things that don't matter to the vast majority of Americans.
SMH.OmertÃComment
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Re: The Shining City Upon a Hill
In other racist news.....
issued a preliminary injunction blocking the program.
Vitolo
Vitolo was written by Judge Amul Thapar of the United States Circuit Judge of the United States Court of Appeals for the Sixth Circuit, a President Donald Trump appointee.
The Anderson decision also reads, in part:Thapar wrote in Vitolo
This case, one of several lawsuits filed by white farmers, ruled in favor of fourth-generation farmer Robert Holman of Union City, Tennessee.
The case is Holman v. Vilsack, No. 1:21-cv-01085 in the U.S. District Court for the Western District of Tennessee.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
I need a liberal to explain to me the love affair with Cuba & Castro. Justin Trudeau's dad was in love with Cuba and the dictator that ran the place. I've posted the evidence on here before.
Well, it looks like democrats may find themselves in a pickle:
Cuban-Americans Flood Cities Nationwide Calling for End to Communism
flooded the streets of nearly every major Cuban city since Sunday demanding an end to the communist regime.
In contrast to the overwhelmingly destructive riots in support of left-wing causes last summer, the Cuban freedom movement has organized peaceful protests nationwide, with minimal reports of police activity and no significant property damage.
issuedmissing and dozens dead after police began opening fire on crowds of protesters and detaining people in door-to-door raids.
historic commercial district largely rebuilt by Cuban refugees in the 1960s and 1970s following its collapse in the post-World War II era. While Hudson County, where these small municipalities are located, has been solidly Democrat strongholds for over a century, Democrat politicians in the area are traditionally vocally anti-communist. The mayors of several local cities attended the rally and pressured Washington to intervene in the violence in Cuba.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
History is knocking on Biden's front door with the Cuban uprising. Joe Biden reminds me a lot of copier addict. Both are timid and unsure of themselves. Both are too afraid of what other's will say. Neither one is a leader.
Mark my words, Biden will miss his chance to make a real difference in Cuba.
Yet there are worries Biden could blow it by being too slow to move, too timid in his actions or by embracing the messaging from progressives who have been reluctant to denounce the Cuban regime in strong, unqualified and moralistic terms.
What's happening in Cuba, explained
SharePlay Video
Fernandez saw firsthand how the lack of clear messaging about socialism helped doom his state Senate campaign in November as Trump and down-ballot Republicans attracted an unprecedented percentage of voters with had family ties to Cuba, Venezuela, Nicaragua or Colombia, where nominally socialist governments or movements led to mass migrations to Florida, particularly in its largest county of Miami-Dade.
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
Winner Winner BIDEN
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