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Posts tagged ‘inflation’

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Life In A Bubble

A.F. BRANCO on September 7, 2021 | https://comicallyincorrect.com/a-f-branco-cartoon-life-in-a-bubble/

It’s a shame when President Biden places a higher Priority on ice cream than the death and destruction of his policies.

Joe Biden Failing Mentaly
Political cartoon by A.F. Branco ©2021.

Donations/Tips accepted and appreciated – $1.00 –  $5.00 –  $25.00 – $50.00 – $100 –  it all helps to fund this website and keep the cartoons coming. Also Venmo @AFBranco – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC, and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, Rush Limbaugh, and shared by President Donald Trump.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F Branco Cartoon – Venezuela Here We Come

A.F. BRANCO on August 12, 2021 | https://comicallyincorrect.com/a-f-branco-cartoon-venezuela-here-we-come/

Biden’s infrastructure bill and economic policies are bringing down the value of the dollar(inflation).

Biden Inflation
Political cartoon by A.F. Branco ©2021.

Donations/Tips accepted and appreciated – $1.00 –  $5.00 –  $25.00 – $50.00 – $100 –  it all helps to fund this website and keep the cartoons coming. Also Venmo @AFBranco – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC, and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, Rush Limbaugh, and shared by President Donald Trump.

‘Biden’s Raging Inflation Crisis’: Consumer Prices Surge 5.4%, Led By Food And Energy Costs


Reported by THOMAS CATENACCI | REPORTER | August 11, 2021

Read more at https://dailycaller.com/2021/08/11/joe-biden-white-house-consumer-prices-inflation-federal-reserve-economy/

Consumer Prices Continue To Rise, Accelerating At Fast Pace
Scott Olson/Getty Images

Inflation increased at a rapid 5.4% clip compared to August 2020, the Department of Labor said Wednesday. The Consumer Price Index (CPI), a common tool used to measure inflation, increased 0.5% between June and July, according to the Labor Department report. “It will be another very hot number with the fingerprints of the pandemic all over it,” Moody’s Analytics chief economist Mark Zandi told CNBC before official numbers were released.

Energy and food costs contributed the most to the higher-than-normal figure, rising 0.7% and 1.6% respectively last month, the report showed. Gasoline ticked up 2.4% in July and a whopping 41.8% year-over-year.

The CPI increased at an annual rate of 5.4% in June, 5% in May and 4.2% in April, according to government data. Inflation rose 0.9% in June, the quickest increase since August 2008. 

The Federal Reserve, which has downplayed rising consumer prices as a temporary product of the rapid economic recovery, acknowledged last month that inflation could be “higher and more persistent” than it previously forecasted. Treasury Secretary Janet Yellen recently predicted continued “rapid inflation” over the medium term, after months of suggesting it would subside quickly.

Federal Reserve Board Chairman Jerome Powell appears for a Senate Banking Committee hearing on July 15. (Win McNamee/Getty Images)

Federal Reserve Board Chairman Jerome Powell appears for a Senate Banking Committee hearing on July 15. (Win McNamee/Getty Images)

The White House has repeated the predictions made by the Federal Reserve and Yellen, calling inflation transitory and ensuring it would return to normal by 2022.

“It’s also important to note, though — because we rely on the Federal Reserve for projections — that they are projecting to come back to normal levels next year, and this is still foreseen as a transitory impact on prices,” White House Press Secretary Jen Psaki told reporters Tuesday.

She added that inflation remained at an elevated level due to a large number of supply chain shortages around the world, a theory prominent economists have backed.

“The kind of inflation now is driven by the fact that there aren’t enough used cars, that the oil markets are rocking and rolling, that housing construction demand is high and there’s been trouble getting sawmills up and running,” Beacon Economics founding partner Christopher Thornberg told The Wall Street Journal.

Used car prices have surged 41.7% over the last year, according to Wednesday’s Labor Department report. Conservatives and other economists have blamed Biden’s high-spending for the increased prices affecting Americans.

“The Democrats’ reckless tax & spending spree fuels Biden’s raging inflation crisis & will drive U.S. debt to $45 TRILLION,” Republican Florida Sen. Rick Scott tweeted Tuesday.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – McFlation

A.F. BRANCO on June 11, 2021 | https://comicallyincorrect.com/a-f-branco-cartoon-mcflation/

Biden and the Democrat’s policies of paying people not to work are driving up wages and causing inflation.

Biden Inflation

Political cartoon by A.F. Branco ©2021.

Donations/Tips accepted and appreciated – $1.00 –  $5.00 –  $25.00 – $50.00 – $100 –  it all helps to fund this website and keep the cartoons coming. Also Venmo @AFBranco – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC, and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, Rush Limbaugh, and shared by President Donald Trump.

Give Me More! Biden Team Pushes For MORE Stimulus Spending Despite Signs Economy is Stabilizing


Posted by Trish ReganTrish Regan | February 19, 2021

Before reading, please take a quick moment to sign up for my podcast. You can download the clip and sign up here below.

 

Treasury Secretary Janet Yellen appeared on CNBC Thursday afternoon to push for more stimulus spending saying that, “a big package” is necessary to help the economy recover and that, “the price of doing too little is much higher than the price of doing something big.”

Apparently, the Treasury Secretary is not familiar with the Fall of the Roman Empire (or, she is, but is deliberately choosing to ignore.) It was Rome’s debt crisis that led the fall of the Roman Republic and it’s not inconceivable that the history could repeat itself in modern day America.

Biden Administration Tries to Make Its Case

The reality is: $1.9 Trillion is a lot of money. Especially on the heels of the multiple trillions already spent. But, the Biden administration has its script and it’s sticking to it. “Give me more!” is the mandate.

Kamala Harris went on the Today Show Wednesday to plead for stimulus to open the schools (interestingly, of the $128 billion being demanded for education, only $6 billion is allocated for the opening of schools in 2021 – the rest is spread out over the next seven years.)

And, President Joe Biden keeps talking his “book” — by highlighting every negative in the economy in an effort to create more pressure for stimulus spending. Though the economy added jobs last month, Biden tells us, “at this rate it will take ten years to return to full unemployment.”

Meanwhile, the Federal Reserve is signaling its willingness to continue printing money with Fed Chairman Jerome Powell telling the Economic Club of New York last week that although he is seeing some signs of inflation, it’s just a “transient thing that we think will pass.”

I wouldn’t count on that.

Debt & Inflation Caused Roman Empire to Implode

Again, I return to the biggest causes of the fall of Rome: massive debt, rampant inflation, over-taxation, too many freebies, feudalism, and an enormous trade deficit with Iran (rather like China today.)

Consider the similarities: We have massive debt, high taxation, too many freebies, major trade deficits, a kind of feudalism (a system that benefits the wealthiest Americans seemingly at the expense of the middle class) and we are soon to be looking at rampant inflation. How could we not? Last year alone, in 2020, we raised the money supply 24% — the biggest surge in the 150 years that we’ve been tracking our currency.

All this spending has consequences. Sadly, our politicians are too selfish to recognize any long-term economic issues. It’s always about the next election and they’ll spend as much money as it takes to get ahead in the polls. But, as Mark Twain said,

“history doesn’t repeat itself, but it often rhymes.”

Let’s not let the United States of America go the way of the Roman Empire.

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