inflation

Biden’s election year challenge: Blame GOP for nation’s woes

Biden’s election year challenge: Blame GOP for nation’s woes

WASHINGTON, D.C. — President Joe Biden has an election-year message for frustrated voters: At least he’s trying. For those who think he isn’t doing enough to help Ukraine fend off the Russian invasion, Biden announced $800 million in new military support last Thursday. To ease the pain of high gas prices, he’s tapped the Strategic Petroleum Reserve and reopened onshore sales of oil and natural gas leases on public land. And to address historic inflation, Biden has tried to smooth out supply chain-crimping bottlenecks at the nation’s ports. The president hopes the moves, which are being announced in near-daily rollouts…
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SHAPIRO: Yes, it’s Biden’s inflation

SHAPIRO: Yes, it’s Biden’s inflation

Last week, America received news of yet another shocking inflation report: over the past 12 months, inflation has skyrocketed 8.5%, outpacing wage gains by 2.9%. That inflation has flooded every area of American life, from gas (up 48%) to airfare (24%) to furniture (16%) to milk (13%). Inflation is costing the average American family hundreds of dollars per month — and, as we know, inflation is a highly regressive tax, harming those at the bottom of the income spectrum the most. For its part, the Biden administration blames Russian President Vladimir Putin’s invasion of Ukraine. White House press secretary and…
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Farming and food prices

Farming and food prices

ASHEBORO — American consumers have noticed the impact of inflation at checkout counters over the past few months. The current inflationary trend is expected to continue in the coming months. A war in Ukraine has been blamed recently for the rise in prices for many items, including groceries, which are impacted by skyrocketing fuel prices. Farmers were predicting these inflated prices well before they were seen in grocery stores. Looking back to October 2021, farmers were starting to wrap up a record crop and had already begun shopping for inputs for their 2022 crop. That year’s success was quickly met…
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HARSANYI: Democrats have only themselves to blame for the inflation fiasco

HARSANYI: Democrats have only themselves to blame for the inflation fiasco

It’s been quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament. Presidents generally get far too much credit and/or blame for our fortunes, but they can certainly exacerbate existing problems. And our political class has certainly aggravated them with unbridled spending and support for policies that disincentivize work and inhibit energy production. Wholesale prices rose 8.6% from a year ago in October, another record annual gain and the biggest spike in more…
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HUDSON: Reagan’s warnings on inflation still ring true

HUDSON: Reagan’s warnings on inflation still ring true

“A President’s greatest responsibility is to protect all our people from enemies, foreign and domestic. Here at home the worst enemy we face is economic — the creeping erosion of the American way of life and the American dream that has resulted in today’s tragedy of economic stagnation and unemployment.” President Ronald Reagan said these words in 1982. However, they ring as true today as ever before. As the crisis on our southern border worsens and inflation reaches new highs, last week Washington liberals ignored these problems and continued their reckless spending spree. The House passed legislation which would once…
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