Inflation Hits Nearly 40 Year High

The only thing I have to say is: at least Jimmy Carter was a good man….

He may not have been an effective President, but at least his heart was in the right place. This guy Biden though? Not only is he not a good man, but he has perhaps single-handedly done the most damage to The U.S. in my lifetime….

The only other contender for that sordid spot is George W. Bush…..

I recently reported on Biden’s abysmal job growth, and how Democrats are attempting to peddle the lie that Joe Biden is somehow a historic catalyst for job growth….

Now we are seeing the official reports that inflation has hit a nearly 40 year high…

Here’s what all the reports are confirming:

Biden now has an Inflation of 6.8%

The HIGHEST in 40yrs….

Let’s Go Brandon🤦🏼‍♂️

— Graham Allen (@GrahamAllen_1) December 10, 2021

"A majority of Americans believe President Joe Biden is not concerned with the impact that high inflation and rising costs have had on their lives…" https://t.co/mtc0JWFwxd

— House Republicans (@HouseGOP) December 10, 2021

Inflation, crime in the streets, and illegal immigration are through the roof under Joe Biden — and American families are suffering the consequences. @foxandfriends@SenatorHagerty@LawrenceBJones3 pic.twitter.com/UAN77vPWho

— Sen. Marsha Blackburn (@MarshaBlackburn) December 10, 2021

The Wall Street Journal reports:

U.S. inflation reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints.

The Labor Department said Friday the consumer-price index—which measures what consumers pay for goods and services—rose 6.8% in November from the same month a year ago.

That was the fastest pace since 1982 and the sixth straight month in which inflation topped 5%.

 

https://twitter.com/USRepLong/status/1469323486258679815

Inflation rose 6.8% in November.

While Biden’s White House whines about negative coverage in the press, the American people are struggling to make ends meet.

Are we “paying our fair share” yet, @POTUS?

— Buddy Carter (@RepBuddyCarter) December 10, 2021

https://twitter.com/thejcoop/status/1469339628901736455

According to The Epoch Times:

On a month-over-month basis, economists expect inflation to have cooled its pace somewhat. Consensus forecasts predict a 0.7 percent rate of inflation in November, down from October’s 0.9 percent, which was more than double September’s rate of 0.4 percent and an indication that inflation was accelerating.

Last month’s CPI print, which showed inflation picking up its monthly pace and the annual inflation rate hitting 6.2 percent—its highest level in 31 years—delivered a blow to the Fed’s “transitory” inflation narrative