My cmnt: Having lived thru the previous worse economy under democrat president Jimmy Carter I recognize a dismal economy when I’m in it. Under the liberal, mentally ill Carter we had record (at least since the democrat-led, FDR Great Depression of the 30s) yearly double-digit inflation (11+%), double-digit unemployment (10+%), double-digit mortgage rates (16-18%), double-digit interest rates (20+%) and severe gas shortages combined with the doubling of gas prices when you could get it. Sound familiar? Yep, it would take another democrat to ruin the great Trump economy and gas prices to usher in the dismal Biden economy.

My cmnt: A little side note. We married in 1976 (yes, going on 48 yrs now) and my young bride (still a teenager!) tho’ trained as a cosmetologist (she cut our family’s hair for twenty years until she went back to school and got a BS in Dental Hygiene from UNMC) hated hair dressing and so pumped gas for a busy Sinclair gas station across from the Courthouse. In those days self-service was not in vogue yet. I still remember how cute she looked in her bib overalls with the top tied down around her waist. While the hourly rate of pay wasn’t so great the tips she got from the lawyers and judges getting their cars filled more than made up for it.

My cmnt: Which also reminds me that under Ford gas was 45 cents a gallon and under Carter it doubled to over a dollar. I remember that all the gas pumps only had two digits and so (like with computers and the Year 2000 fiasco – as a programmer I can tell you that all dates were stored as two digit years and since they were used for calculations had to be expanded to four digits) everyone was really concerned when gas hit a whopping 99 cents!

My cmnt: I was terminated (when democrat Carter took office) from my four-year (under the Republican Ford) job as a computer operator, could not find another full-time job, and so did part-time lawn service combined with part-time school bus driving under the infamous, worthless, damaging and costly democrat-loved, court mandated Race-integration Busing. I would pick up a load of white kids in west Omaha and bus them down to northeast Omaha and then load up a bunch of black kids and bus them back to west Omaha, and then reenact the whole stupid thing in the reverse in the afternoon. Not only did this do nothing to improve the education of black kids it positively harmed the education of white kids – and all for absolutely nothing. In terms of democrat dreamed-up “solutions” to problems they created it school busing ranks right up there with the stupidity of mandating EVs for America.

My cmnt: At least Carter didn’t run up mountains of debt like Obama and Biden have done to make their utterly shitty economies look better. And to repeat history – when Obama took office I was laid off from my 30-year job as a systems analyst. It was déjà vu all over again.

My cmnt: Let’s just take the issue of inflation. Democxrat apologists love to talk about the inflation rate coming down. Yeah, that’s great but overlooks where it started. Since old Cornpop took (stole…) office a measly three+ years ago overall inflation has been 36%. But like compound interest it’s worse than it looks. Democrat apologists love to forget the fact that those prices are never going back to 2019-20 levels again. Whatever further inflation we suffer under Bidenomics will only ADD to the new, higher prices we’ve already endured.

My cmnt: For another example – your savings in the bank since O’Biden took orifice have been devalued by a whopping 15%.

Moody’s: Inflation to Cost Families an Extra $5,520 Per Year, Up from Last Projection

Wendell Husebø – 11 Jun 2022 – Breitbart

My cmnt: This was written in June of 2022. Now almost two years later the extra cost of Biden-caused inflation just continues to multiply. Every year that Biden remains in office adds another $5000 dollars. Most working people just can’t absorb that type of increase in their cost of living. Borrowing trillions of dollars causes inflation. Crippling domestic oil production causes inflation. Demanding green energy alternatives causes inflation.

Inflation will cost families an additional $5,520 per year, increasing from a projection in March, according to Moody’s.

President Biden’s 40-year-high inflation will cost American households on average an extra $5,520 in 2022, or $460 per month, a Moody’s analysts projected.

In March, that projection was less. Bloomberg estimated families would be charged an extra $5,200 in 2022, or $433 per month, 27 dollars less.

Moody’s compared the average household spending in May of 2021 to the years of 2018 and 2019, when the annual inflation rate was 2.1 percent.

Moody’s Analytics senior economist Ryan Sweet told the New York Post:

Having inflation at 8.5% on a year-ago basis, compared with the 2.1% average growth in 2018 and 2019, is costing the average household $346.67 per month to purchase the same basket of goods and services as they did last year. However, the pure cost for households for having inflation running at 8.5% is $460.42 per month.

The soaring costs are altering consumer habits, June’s BMO Real Financial Progress Index survey revealed:

• 42% are changing how they shop for groceries. This includes opting for cheaper items, avoiding brand names, and buying only the essentials.
• 46% are either dining out less or consciously spending less when dining out.
• 31% are driving less to offset the soaring cost of gas.
• 23% are spending less on vacations or canceling them altogether.
• 22% are taking measures such as canceling subscriptions to the gym, cable, etc.

Inflation has been fueled by costly subsidy packages the Democrats passed last year, along with the war waged by Biden on American energy.

Biden’s war on American energy includes driving up private and public financing costs of oil drilling, halting drilling on public lands, and canceling the Keystone pipeline.

On Friday, the Bureau of Labor Statistics revealed energy prices had soared and contributed to inflation. The price of electricity has increased 12 percent and gasoline has increased over 48 percent in the last 12 months. Propane, along with kerosene and firewood, increased 28 percent. Utility (piped) gas service has also increased over 30 percent.

Food is also more expensive. The Bureau of Labor Statistics reports that in the last 12 months, fruit and vegetables have significantly increased in price:

• Apples six percent
• Dried beans ten percent
• Peas ten percent
• Lentils ten percent
• Potatoes eight percent

According to Sunday polling, 74 percent of respondents said Biden’s soaring gas prices are an “extremely/very important” factor in how they will vote in the midterm elections. Biden’s approval over his management of gas prices is only 27 percent.

Follow Wendell Husebø on Twitter and Gettr @WendellHusebø. He is the author of Politics of Slave Morality.

‘Super Core’ Inflation Soared In January, Worst In Nearly Two Years

John Carney29 Feb 2024 – Breitbart

A key measure of inflation rose last month at the fastest pace since March of 2022.

The personal consumption expenditure price index for services excluding housing and energy services—often called “super core” inflation—rose 0.6 percent in January. This inflation gauge rose this much in March of 2022, December of 2021, and in March of 2021.

It is historically rare for this metric of inflation to rise at this high of a monthly pace. Prior to Biden’s presidency, it had only happened three times in this century, including a single month immediately following the 9/11 terror attacks. Before that, the measure had not jumped 0.6 percent since 1993.

High inflation in the services sector is typically regarded as more persistent and less responsive to monetary policy than goods inflation.

Fed chairman Jerome Powell and other Fed officials have said they keep a close eye on PCE services excluding housing and energy an indicator of where inflation may be headed in the future.

The monthly gain would translate into an annual rate of 7.4 percent if it persisted. Over the past 12 months, it is up 3.5 percent.

Poll: Majority of Voters Are ‘Struggling’ Under Joe Biden’s Inflation

wendell Husebø18 Mar 2024 – breitbart

A majority of voters are “struggling” under President Joe Biden’s soaring inflation, a McLaughlin and Associates poll found Monday.

As citizens suffer from prices about 20 percent higher across the board since Biden assumed office, more than three-quarters of Americans said Biden’s economic plan negatively impacts them.

• Impacted (overall): 83 percent
• Struggling: 50 percent
• Small impact: 33 percent
• No change: 17 percent

Just 63 percent of respondents said Biden’s economy is getting worse, while 31 percent said it is getting better.

When Biden assumed office, only 45 percent said the economy was getting worse, 18 points fewer than in March 2024.

The poll also found that Biden’s struggling economy is the number one issue for voters:

• Economic issues: 42 percent
• Social issues: 24 percent
• Security issues: 23 percent

The poll marked Biden’s approval rating at 42 percent, well below the 50 percent historic threshold of presidents who win reelection.

The poll sampled 1,000 likely general election voters from March 9-14, 2024. The poll provided no margin of error.

More about Biden’s economy is here.

Bidenomics: Rising Gas Prices Are 45% Pricier Under Joe Biden

Wendell Husebø18 Mar 2024 – Breitbart

American drivers pay 45 percent more to fuel their daily commutes since President Joe Biden ascended to the White House, AAA data shows.

The national average gas price on Monday was $3.46 per gallon, according to AAA, up about 20 cents from last month.

When Biden assumed office, the national average was $2.38 per gallon, more than a dollar less than the current price. That is about a 45 percent increase since former President Donald Trump left office.

Gas prices are high by historical standards — and not just compared with the very low gas prices seen during the pandemic lockdowns, when the weekly national average gas price fell below $1.80. In 2018, gasoline averaged around $2.72 per gallon. The following year, the average was $2.60.

Gas prices remain high and could go higher due to industry and political factors. Biden’s economic war on American energy independence during instability in the Middle East and in Ukraine are significant factors.

GasBuddy’s Patrick De Haan said the increased price of gas is attributed to seasonal demand. But consumers say the prices are not easy to accept.

“I need to fill up … yeah, I’m kind of getting used to it though,” Jessica Martinez, told NBC 7’s in Mission Valley, California.

“Am I filling it up? No, I’m not filling it up all the way,” said Galina Betker, who drives to visit her family every weekend. “It is a new expense, honestly.”

In Central Florida, prices surged last week to set a new high for 2024. “The jump at the pump may not be over yet,” AAA spokesman Mark Jenkins said. “Drivers may be in line for another round of rising prices, after gasoline and crude oil futures rose to new 2024 highs last week.”

According to AAA, the top ten states with the largest increased gas prices are:

• Texas (+10 cents), Alaska (+10 cents), Oregon (+9 cents), Washington, D.C. (+9 cents), Utah (+8 cents), New Mexico (+8 cents), Washington (+8 cents), Montana (+7 cents), Arizona (+6 cents) and Idaho (+5 cents).

The nation’s most expensive markets to fill a tank of gas are:

• California ($4.87), Hawaii ($4.71), Washington ($4.24), Nevada ($4.14), Oregon ($3.98), Alaska ($3.76), Illinois ($3.70), Arizona ($3.64), Washington, D.C. ($3.57) and Pennsylvania ($3.50).

Readers’ Comments: