Joe Biden and Kamala Harris have tried to claim inflation was down and technically that’s true, but what the figures show is that the rate of increase is down. That’s good and better than the alternative but it doesn’t actually fix the underlying problem of rising costs which are felt by nearly everyone when they go to the grocery store. Unfortunately for Kamala Harris the inflation problem persists in the minds of many voters.
The pandemic-related run-up in prices has made American life costlier and loomed large over the presidential election. Over the past four years, grocery prices have risen by 22 percent, while utilities and new homes have gone up 28 percent. Although wages have also risen and inflation has come down dramatically, many families are still struggling to catch up.
“This is the first presidential election in 50 years or so where the driving issue is what things actually cost at the grocery store,” said Mark Campbell, a Republican strategist. “James Carville famously said: ‘It’s the economy, stupid.’ But that’s not really the case. It’s how much things cost.”…
While strong economies historically have favored incumbent political parties, a wave of populism — driven in part by discontent over surging prices — has punished incumbents in a number of nations, including Britain, South Africa and India.
In the United States, the downbeat perception of the economy has defined this election cycle: A majority of voters say the economy is a top concern, with 52 percent saying it is an “extremely important” factor in how they will vote — the highest level since the throes of the Great Recession, Gallup polls show.
Democrats knew this was a problem and came up with an alternative boogeyman they could present to the public other than the current administration. Instead of accepting that people were hurt by inflation, the alternative was to blame corporations for what became known as greedflation. The idea was popular enough that the word wound up being added to the dictionary this year.
Earlier this year, dictionary.com added the word “greedflation” to its list of actual words, which it defines as, “a rise in prices, rents, or the like, that is not due to market pressure or any other factor organic to the economy, but is caused by corporate executives or boards of directors, property owners, etc., solely to increase profits that are already healthy or excessive.”
A nonprofit called Groundwork Collaborative, with the mission of driving “policy change with credibility, expertise, and impact,” claimed credit for helping push “greedflation” into the common political parlance. They might be right. The group authored a widely cited study that purports to show how outsized corporate profits have caused rising prices. […]
— Read More: hotair.com
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Post-Election Predictions: This Time, Violence May Be Worse Than 2016
by Red State
We’ve been kicking around a lot of pixels over the election, and as it grows nigh, there have been many discussions about what happens next – especially if Donald Trump wins. In 2016, there were protests. 2020’s “Summer of Love” riots, looting, arson, and yes, insurrection were another step towards…
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by Issues & Insights
We have no doubt that, in the years to come, the media will describe the Biden-Harris administration as “scandal-free.” But that’s only because for the past four years they’ve vigorously ignored any and all scandals. Case in point is the $15 billion giveaway that Biden-Harris snuck through this summer without…
Will Gold and Silver Prices Drop if Donald Trump Wins?
by Sponsored Post
It’s well-established among economists that if Kamala Harris wins the presidential election, gold and silver will likely shoot up in value. But what if Donald Trump wins? With his chances of victory increasing, should gold and silver owners sell now because values will drop during his second term? “Considering everything…
It Is Beginning to Look Like a Debt Emergency
by Zero Hedge
It’s now less than a week to go until the USA decides who is going to be their next President. The state of the political discourse recalls the ‘dramatic crossroads’ meme, where the respective labels attached to the sunny uplands and the grim castle of doom is a Rorschach test…
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by The Epoch Times
House Speaker Mike Johnson (R-La.) proposed a major change to the U.S. health care system and the Affordable Care Act if former President Donald Trump wins next week’s election. “Health care reform’s going to be a big part of the agenda. When I say we’re going to have a very…
Here Are 8 Major Election Developments That Everyone Needs to Know About
by Michael Snyder
(The Economic Collapse Blog)—Can you believe that we are less than a week away from Election Day? Over 57 million Americans have already voted, and in some states more than half of the total expected vote is already in. So it may already be too late for a last minute…
Trump Promises Tax Credits for Unpaid Family Caregivers if Elected
by Natural News
Former President Donald Trump has vowed to provide unpaid family caregivers of sick loved ones with tax credit incentives for them to ease their financial burdens. According to a recent report from the National Alliance for Caregiving and the American Association of Retired Persons (AARP) study, there were 53 million…
This Election Will Not Prevent the Coming Chaos
by Mike Pottage
(WND)—It seems the justice system is overwhelmed by criminal cases involving illegals, and this puts Americans at risk of being short changed by that system. What is even more astounding is the fact this crisis was created by the Democrat Party and was 50 years in the making, and yet…
The ‘World’s Most Accurate Economist’ Has Now Predicted That Trump and GOP Will Win the 2024 Elections
by Conservative Institute
With just one week to go until the election, the presidential race appears to remain close and arguments could be made by either side for why they believe their preferred candidate is poised for victory next Tuesday. There is at least one renowned expert who thinks that former President Donald…
Absolutely Massive Food Bank Demand in the Swing States of Pennsylvania, Michigan and Wisconsin
by Michael Snyder
(The Economic Collapse Blog)—The economy is the number one political issue in America right now, and it isn’t because the economy is doing well. The long-term economic collapse that I have been writing about for years is playing out right in front of our eyes, and it is going to have…