Somebody did a piece yesterday about the economy being ‘Good’….
Not most Americans who see the prices of things climbing and CLIMBING….
It doesn’t really matter to them what the ‘experts’ say….
Joe Biden and Democrats know this….
Their pollsters reinforce this every time they mail in their polling data….
Weather it’s his fault or not….
President Biden political future lies in dealing , or giving the perception that he’s working on slowing the inflation spiral down ….
A failure to convince Americans that he can do this?
Will have the voters turning to the Republicans next year and maybe even in 2024….
Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher — bad news for economic policymakers at the Federal Reserve and for the Biden White House, which had been emphasizing a recent slowdown in price gains.
Overall prices have climbed by 6.2 percent over the past 12 months, the fastest pace since 1990, and inflation accelerated on a monthly basis after cooling in recent months.
Inflation picked up to 0.9 percent last month from September, a Labor Department report showed, faster than the prior month’s increase of 0.4 percent and well above economists’ expectations. So-called core price gains, which strip out products like food and fuel, also climbed more quickly.
Those heady data scupper a White House talking point. Officials had regularly pointed out that while price gains were faster than usual, at least they were slowing down from rapid summertime readings….