The broad inflationary impact of Biden policies

 Washington Examiner:

...

Biden's apologists try to downplay inflation worries by noting that they're largely confined to specific goods such as used cars. But the latest report shows inflation spreading to every sector of the economy, particularly where inflation can harm people of low income. Gasoline, for example, is up 42% from last year. Bacon, beef, pork, and eggs are all up by double digits. Children’s shows are up 12%; electricity 5%; rents 2.9%.

Inflation is outpacing hourly wage gains, which have risen 4.6% compared to inflation of 5.4%, which means real paychecks are falling, not rising, under Biden.

Maybe this is why voters tell pollsters they don't support making Biden’s cash giveaways to parents permanent. Voters are smarter than Democrats think. They know that despite what Democrats say, free money is not really free.

Even the Biden administration is forced occasionally to admit this. On a conference call with reporters about the nation’s supply chain crisis, Biden officials acknowledged that March's $1.9 trillion spending bill drove up prices and made matters worse.

But despite this admission, congressional Democrats are determined to pour $3.5 trillion worth of fiscal gasoline onto the inflation fire. The Biden administration even claimed in a report earlier this year that the best way to fight inflation was for the federal government to spend more money!

...

It is especially tough on people on fixed incomes with no increases to deal with it so far.  Social Security recipients will not get a boost until January 2022.  You can see the inflation in real-time at the grocery stores.

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