Posts Tagged ‘inflation’

Five Assorted Thoughts Under the Fedora: Playoff Bound, GOP Should Do Some Housework, Wow If True, The Bright Side of Inflation, Pill Popping

Posted: August 17, 2024 by datechguy in abortion, economy, election 2024, politics, Sports
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The Indiana Heat of the WNBA are currently in the #7 playoff spot, a half game ahead of the #8 team and a full 3 games ahead of the #9 team which means that barring disaster over their last 13 games Caitlin Clark is going to take a team that hasn’t made it to the playoffs for nearly a decade back into the WNBA playoffs.

Can’t wait to see the ratings.

Kamala is busy stealing Trump ideas promising to do all kinds of things that she hasn’t bothered to do before.

If I’m the GOP I’m quickly passing a bill to make tips exempt from federal taxes and to advance the credit that Trump proposed that Kamala is pushing as well.

Get the both passed and let the dems in the senate kill them the week of their convention.

At least that’s what I’d do.

I can not emphasize how important if true this is

Epstein explained how the prosecutors tried to get him to give testimony to support Trump’s impeachment, even if it wasn’t true. Here is Tartaglione’s description of their conversation:

He [Epstein] said, ‘I don’t know anything. . . . But the government told me I don’t have to prove what I say about Trump as long as Trump’s people can’t disprove it.’ I [Tartaglione] said ‘Yes, he’s the President of the United States. His people are the FBI.’ He [Epstein] said, ‘That’s what I said, and they said, no, the FBI’s our people, not his people.’

It is worth noting that Section 1622 of the U.S. Criminal Code (Title 18) provides as follows:

§1622. Subornation of perjury

Whoever procures another to commit any perjury is guilty of subornation of perjury, and shall be fined under this title or imprisoned not more than five years, or both.

There have been no follow up interviews with Tartaglione. Jessica reports that the day after she posted the audio of her interview with him, he was transferred out of the Brooklyn MDC, where he had been for eight years, to an unknown destination, and has not been heard from since:

I miss the days when the FBI was actually busy protecting Americans and following the law, assuming they were actually doing that in those days.

I’ve spent a lot of years comparing the Abortion industry to the Slavery industry and there is one thing that they both have in common.

It’s all about the profit and apparently the profit margin just isn’t there anymore

There’s some real irony here. Pro-life groups have spent decades campaigning against abortion and especially against late-term abortion. But it seems many clinics (like the ones in New York mentioned above)  are now feeling pressure to stop performing these late abortions, not because of a change in the law but because of Bidenflation. I guess that’s what they call a silver lining.

I’m not a fan of Biden/Harris inflation but if the higher prices are saving kids lives I’ll take the hit.

For 40 years I have been picking up meds for DaWife but have never had to take any myself.

This ended today as apparently my blood pressure which has been historically low all my life has shot up to levels so high that my wife is shocked I haven’t had a stroke.

This is not a huge surprise as my father had issues with both his heart and high blood pressure and died at 65, then again he was a heavy smoker till he was 45 and a heavy drinker till about 50 and I’ve never smoked and I drink so infrequently (maybe a dozen drinks a year) that most people think I’m a teetotaler.

I think not having regular meds till 61 isn’t bad but it’s a dramatic change for me and given the BP levels I’ve been showing over the last two weeks I guess it’s necessary but I would have liked to make it to retirement before I needed meds.

It is what it is and after all a man has to die of SOMETHING

Donuts are now a luxury food item

Posted: May 9, 2024 by Jon Fournier in Uncategorized
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This past weekend my family and I had to be on the road at the ridiculously early time of 5 am.  We decided to buy a dozen donuts the day before so we could get a quick start, and not have to get up even earlier than necessary.  I was absolutely flabbergasted when the cashier informed me that the dozen donuts would cost $23.  That was twice the price I paid for a dozen donuts at the same establishment just a year ago. 

I was quite outraged over the drastic price increase.  I did not take out my anger at the cashier because I know that store employees have absolutely nothing to do with our nation’s inflation crisis.   I wonder how many customers vent their rage at these hard-working individuals who are absolutely blameless.

The next time we need to be up at an ungodly hour we will not be buying a dozen donuts.  We will seek a much cheaper alternative.  We no longer eat at McDonalds, or any other fast food restaurants, because $20 is way too much for a value meal. Also, we have drastically cut back on our pizza purchases.

We are far from alone when it comes to scaling back on our eating out.

American consumers love their fast food but price hikes are preventing them from enjoying a burger or burrito as often as in years past. 

Traffic to big fast food chains has dropped 3.5 percent in the first three months of 2024, compared to 2023. McDonald’s, Wendy’s, Popeyes, Pizza Hut, and Chipotle have likely sold millions fewer burgers, pizzas and burritos. 

How long before Bidenomics causes a complete collapse of the fast food industry?  It probably won’t be too far in the future.

Inflation finally cuts deep

Posted: October 22, 2022 by navygrade36bureaucrat in Uncategorized
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We have a family tradition of visiting a local restaurant every Sunday after church. It’s all around fun: a nice family outing while supporting a local business that treats us well. The fact that we’ve enjoyed it so much made it extra hard when we chose to cut it, along with many other things, out of our budget.

Despite shopping at Walmart, Sams and Aldi and not changing our lifestyle, its now increasingly more difficult to pay the credit card every month. After this last month, I dug through the last years worth of bills and noticed an ugly trend: the food bills steadily going up. What used to be a 40 or 50 dollar Walmart visit has turned into 100 dollars. Between that and gas, any sort of buffer we normally had is now gone.

So we’re cutting. Biden-flation is now responsible for screwing over our local restaurant because we simply can’t afford to eat there anymore. Most of our friends are simply racking up credit card debt. Long term, I know that’s not going to work, so I move money around and find ways to pay it off, but its becoming harder and harder each month. Forget about planning a vacation, we’re just trying to make each day work. At some point, if it doesn’t stop, we’ll simply be slaves to ever increasing debt.

So yeah, inflation isn’t just some interesting news story to me. Its very real, and I’m watching it gut the hard working middle class, especially those that have large families and can’t just stop expenditures like buying groceries.

This post represents the views of the author and not those of the Department of Defense, Department of the Navy, or any other government agency. Please consider donating to DaTech Guy or buying the author’s book, especially with Christmas coming up.

Democrats’ inflation attacks ordinary Americans as Washington insiders are unaffected

Posted: October 16, 2022 by John Ruberry in business, economy, elections, News/opinion, opinion/news, politics, trade
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By John Ruberry

Every time Americans shop at a supermarket, they are reminded of a de facto tax on their spending power–inflation. The classic definition of inflation is too many dollars chasing too few goods, which, President Joe Biden and his apologists, jumped on last year when they deemed inflation as “transitory,” pointing at the supply-chain crisis and the backlog of freighters at America’s major seaports. Left out of Biden and Company’s explanation was his $1.9 trillion stimulus package, which the president signed into law in early 2021, when the economy was clearly already recovering from the COVID lockdown.

But the supply-chain crisis was in fact a couple-months long hiccup. After all, if the supply-chain crisis was such a concern, why did we only find out after the media began asking questions on the whereabouts of the person in charge of our ports, secretary of Transportation Pete Buttigieg? Only then was it revealed that Buttigieg was on paternity leave. 

The semiconductor chip shortage has driven up the price of new automobiles. The lack of chips is tied to the worldwide COVID lockdown. I’ll discuss cars in a bit. 

Over the past 12 months, according to the September figures from the Bureau of Labor Statistics, inflation soared, again, to a level not seen in four decades, at a rate of 8.2 percent. Despite what appears to be, for real, a transitory drop in gasoline prices. But fuel prices are dramatically higher than when Donald Trump was president because of the Biden administration’s anti-fossil fuel polices. Food and housing prices are way up. Agriculture is a major user of energy, and many fertilizers are derived from fossil fuels. And those increasingly expensive loaves of bread you see on the shelves of your local supermarket don’t arrive there by way of osmosis, nor by electric trucks.

But don’t worry, Biden recently signed the Inflation Reduction Act into law. Insert The Simpsons’ Nelson Muntz “haw-haw” here.

The new car shortage has led to a used car shortage. All vehicles are more expensive. To fight inflation, the Federal Reserve, continues to hike its key interest rate, which drives up all lending. Most people don’t pay cash for cars, they finance. 

Then there is housing. Maria Bartiromo, on Fox and Friends this morning, laid the truth on the line when she said, “People who are going to buy a home are realizing that their mortgage payment now going to be going to be hundreds and hundreds of dollars more than they thought every month.”

Okay, no big deal, you might say, “I can always rent a place to live.” But rents are up too.

Now, if you are a Beltway insider, then you need not worry. Washington is recession proof. And the capital’s response, particularly when Democrats are in charge, is always more government. If you are a DC insider, you are well paid. You’re not sweating about food prices going up and you can afford an electric vehicle and the expense of installing a car charger in your garage.

The only known cure for high inflation is a recession. Despite Democrats’ creative denials, we are in one already.

Expect our economy to get even worse.  

But to paraphrase Ronald Reagan, “Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Joe Biden loses his.”

John Ruberry regularly blogs at Marathon Pundit.

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