Tall Timbers
Imperfect but forgiven
When Joe Biden took the oath of office in January 2021, the Consumer Price Index was 1.4 percent higher than it had been 12 months earlier. A month later, inflation had bumped up to 1.7 percent. By April, it was above 4 percent. It topped 5 percent in June, passed 6 percent in October, and hit 7 percent in December. By Jan. 20, 2022, Biden's first anniversary as president, the year-over-year surge in prices had reached 7.5 percent.
More than a month later, on Feb. 24, Vladimir Putin launched the illegal Russian invasion of Ukraine. That was just seven weeks ago. Last Tuesday, the Bureau of Labor Statistics reported that inflation had risen yet again in March. Over the last 12 months, consumer prices have climbed 8.5 percent. Inflation is now at a 40-year high. As The Dispatch observed Thursday, "Muhammad Ali was still boxing the last time a CPI report was this bad."
The White House blames the soaring cost of goods and services on the war in Ukraine. "Putin's price hike," the president and his spokespeople call it. But inflation has been accelerating throughout the Biden presidency and was already at the highest level in more than a generation when the Ukraine invasion began. Russia's dictator is guilty of many crimes but the dwindling purchasing power of the American dollar is one outrage that can't be laid at his feet.
https://news.yahoo.com/putins-price-hike-biden-inflation-090058439.html
When I saw this headline I thought it was going to be yet more propaganda regarding inflation being Putin's fault, afterall, I found it on Yahoo news. I was quite surprised to find it laying the blame at diben's feet.
I doubt this piece was picked up and shared by a libertardian lackey corporation because it wants to publish the truth... are diben's days numbered?
More than a month later, on Feb. 24, Vladimir Putin launched the illegal Russian invasion of Ukraine. That was just seven weeks ago. Last Tuesday, the Bureau of Labor Statistics reported that inflation had risen yet again in March. Over the last 12 months, consumer prices have climbed 8.5 percent. Inflation is now at a 40-year high. As The Dispatch observed Thursday, "Muhammad Ali was still boxing the last time a CPI report was this bad."
The White House blames the soaring cost of goods and services on the war in Ukraine. "Putin's price hike," the president and his spokespeople call it. But inflation has been accelerating throughout the Biden presidency and was already at the highest level in more than a generation when the Ukraine invasion began. Russia's dictator is guilty of many crimes but the dwindling purchasing power of the American dollar is one outrage that can't be laid at his feet.
https://news.yahoo.com/putins-price-hike-biden-inflation-090058439.html
When I saw this headline I thought it was going to be yet more propaganda regarding inflation being Putin's fault, afterall, I found it on Yahoo news. I was quite surprised to find it laying the blame at diben's feet.
I doubt this piece was picked up and shared by a libertardian lackey corporation because it wants to publish the truth... are diben's days numbered?