We noted last month the inflation issues were not going to get better and indeed they are getting worse. The Bureau of Labor Statistics (BLS) has released the latest inflation data, and the rate of inflation continues to increase at an alarming rate; now at 5% year over year for all items.
With only six months of JoeBama economic policy hitting so far, the rate of inflation is now four times larger under Biden than it was under Trump policies.
Everything the Biden administration is doing is making things worse, and now we are seeing big drops in real wages as the inflation rate is far beyond wage growth. Under Biden inflation is massive and wage growth is non-existent. This is an exact reversal of the Trump-era outcome where inflation was low and wage growth rates were high.
Year-over-year price comparisons for regular unleaded gasoline are now +58.2%. [Table 7] Stunning increases in fuel. Natural gas is up 13.5%. The prices of durable goods like furniture are up 9.8% while the prices for washers/dryers have jumped up over 26%. Used car prices are up 29.7%, while every durable good is showing massive increases (appliances, clothes, furniture, jewelry, etc). Even televisions are up almost 5%, after years of continually lower prices.
The May increase in energy prices “was the largest 12-month increase since the period ending April 1980”, over forty years ago. Yes, with 28% increases in overall energy prices Biden is mirroring Jimmy Carter in the outcome of his economic policy (this is not accidental).



Q: Should agencies require employees to be vaccinated or inquire regarding their vaccination status?
The DOJ Inspector General released a report reviewing all the events and found the decision to clear the park was made to clear the park of protestors several days before President Trump walked to St. Johns, and the White House had nothing to do with the decision.
PRESIDENT TRUMP