Inflation

What’s Next For Inflation

Featured image Americans’ standard of living has been hammered by inflation the likes of which we haven’t seen in decades. There has been lots of happy talk from the administration, but no one thinks prices are going down any time soon. What, then, is going to happen? My colleague John Phelan offers an answer: prices should be rather stable for a while, unless the federal government embarks on a fresh money-printing spree: »

“The tweet was not complete”

Featured image For some reason or other Biden spokesman Karine Jean-Pierre’s explanation of the tweet — let’s declare it the tweet of the year — deleted by the White House this morning reminds me of Johnny Cochrane’s closing argument on behalf of O.J. Simpson. Both O.J. and Biden are guilty. However, Cochrane got his guilty client off. KJP just kept reading out her talking point. A reporter asks about the White House's »

Biden’s leadership revealed!

Featured image President Biden was firing off disgusting lies at mind-boggling speed yesterday, so the competition is stiff. However, I think this one posted to the official White House Twitter account inarguably deserves recognition as the lie of the day. In the tweet Biden claims responsibility for the COLA increase in Social Security disbursements next year. The White House attributes the increase in “Social Security checks” to Biden’s “leadership,” which is true »

Tea leaf of the day

Featured image I’ve been looking for tea leaves to read in connection with the midterm elections next week. The Twitter feed of Interactive Polls links to the Wall Street Journal poll reported here in today’s paper. (The tweet links to an accessible version of the story here.) The poll was conducted by Republican pollster Tony Fabrizio and Democratic pollster John Anzalone. I trust that when commissioned by the Wall Street Journal, they »

Ramirez strikes on Halloween

Featured image Michael Ramirez observed Halloween yesterday with the editorial cartoon posted here at his Substack site (below). He calls it “Scary Inflation.” President Biden seems to have taken over from “Dr. Jill.” As Dracula strikes Biden covers for him. We are to believe that all is well as Biden touts the wonderworking power of the Inflation Reduction Act. Ramirez himself strikes in this cartoon with a dry and biting wit. Copyright »

Stacey Abrams explains

Featured image Stacey Abrams represents the beating heart of the Democratic Party. Pressed on the relative salience of abortion and inflation, Abrams explains: “Having children is why you’re worried about your price for gas. It’s why you’re concerned about how much food costs. For women this is not a reductive issue.” Showing the advantages of a sophisticated vocabulary, Abrams aptly expresses her point. Let us not “reduce” abortion to an issue of »

Biden’s closing moves

Featured image We are within three weeks of the midterm elections. Democrats’ control of the White House leaves them in a good position to mitigate anticipated losses by taking action to affect the political environment. President Biden’s handlers seem to me not to have chosen well so far. The Biden economy inflicts pain on a daily basis. What have they got for that? They served up the Inflation Reduction Act. In other »

Rampant Inflation Dims Dems’ Hopes

Featured image Cost of living data are out for September, and they are grim. The Wall Street Journal reports: U.S. consumer inflation excluding energy and food accelerated to a new four-decade high in September, a sign that strong and broad price pressures are persisting. The Labor Department on Thursday said that its so-called core consumer-price index—which excludes volatile energy and food prices—rose 6.6% in September from a year earlier, the biggest increase »

Inflation, Biden style

Featured image President Biden has delivered the worst inflation in 40 years. We see it one way or another every day. One effect of the current inflation is decline in real wages. It should come as no surprise to anyone that Biden has no idea what it means or that he is willing to say anything to try to mitigate the political damage that it is inflicting on Democrats who have enacted »

Give him an inch

Featured image I would be embarrassed to conduct an interview with the president that was as lame as Scott Pelley’s lovefest with President Biden on 60 Minutes last night. The Biden administration accorded Pelley a substantial amount of time to chat with Biden and Pelley returned the favor with a variety of softballs and dropped balls as well as his own apologetics — to no one’s surprise, of course, but still. It »

Party on, Joe

Featured image President Biden threw a party at the White House to celebrate the absurdly named Inflation Reduction Act on Tuesday. I noted it in “KJP on the IRA.” Asked to explain what the IRA would do to moderate inflation, White House press secretary Karine Jean-Pierre responded in word that, when translated, indicated it would do nothing. House Speaker Nancy Pelosi attended the party, as did Senate Majority Leader Chuck Schumer. Byron »

KJP on the IRA

Featured image The White House celebrated the passage of the bizarrely named Inflation (tax, spending, climate) bill yesterday. President Biden spoke at excruciating length on the White House lawn. He had the crowd yearning for an encore by Nancy Pelosi, or even James Taylor. Opening with “What a great, great crowd,” Biden may have succeeded in avoiding the utterance of a true statement in his entire spiel. The White House has posted »

I’ve Seen Gaslighting and I’ve Seen the Stock Market Tank

Featured image The Dow was down 1,276 points today, or 4%. Why? The August inflation number came in worse than expected: The new data showed the consumer-price index rose 8.3% in August from the same month a year ago. That was down from 8.5% in July and 9.1% in June—the highest inflation rate in four decades. But on a month-to-month basis, the figures showed inflation accelerating in August, dashing investors’ hopes that »

Reduce this

Featured image The Sunday morning gabfests have become an embarrassment of cliché and vacuity. The talking heads account for the embarrassment. The Biden administration officials account for the vacuity. Energy Secretary Jennifer Granholm is a case in point. She appeared on FOX News Sunday yesterday touting the freebies and subsidies available under the terms of the absurdly named Inflation Reduction Act. Reduce this! FOX News has posted video of the segment in »

From zero to Nero, media edition

Featured image Drawing on this week’s BLS report on the Consumer Price Index, President Biden and his flacks promoted the idea that inflation had dramatically fallen to 0 percent last month. I noted the administration’s 0 percent chorus here yesterday. Is it too late to cancel the destructive monstrosity moving through Congress under the misnomer of the Inflation Reduction Act? That is one question the Democrat media adjunct failed to raise as »

Reduction ad absurdum

Featured image The political news of the day is the passage of the shove-it-down-your-throat absurdity of the Inflation Reduction Act. What this country needs is a vastly expanded Internal Revenue Service! (said no sane man or woman ever). Adding to the insufferable stupidity and deceit of the bill’s provisions is the insufferable stupidity and deceit of the media coverage of the bill itself. Feel the excitement coursing through Politico Playbook’s “How it »

It’s a long way to temporary

Featured image The Free Beacon has compiled the video below to commemorate the one-year anniversary of President Biden’s dismissal of inflation as “temporary.” It’s a long way to temporary. The Free Beacon prefaces the video with a summary by Andrew Stiles: Exactly one year ago today, on July 19, 2021, President Joe Biden delivered a momentous address on the state of the U.S. economy. The speech, in retrospect, was a chilling portent »