No Inflation Blues? American Families Beg to Differ

In Thursday's disastrous press conference, President Joe Biden insisted that inflation is under control.

Just this morning we had a great economic report showing inflation is down. Overall, prices fell last month. Core inflation is the lowest it’s been in three years. Prices are falling for cars, appliances, and airfare — airfares. Grocery prices have fallen since the start of the year.

He's wrong. (That's nothing new for this administration.) Grocery costs are still forcing American families to make some painful decisions, and the situation is getting worse, not better.

Parents are expressing their disbelief and frustration regarding the cost of food, with shoppers now posting their massive grocery bills to social media as part of a growing trend.
In one video, a man shared his receipt from a Trader Joe's in Westlake Village, California, as an example of how much money it costs to feed six kids for 10 days.
"Oh, my God," the man said as he scrolled down the $444.38 bill.
Last month, a TikTok influencer, who goes by the handle alchanning, labeled the summer grocery bill the "real mom struggle" of 2024.

Here's the question nobody asked the angry and defiant Joe Biden in Thursday's presser (which was, supposedly, about NATO): "Mr. President: What about grocery prices since you took office? What about energy costs? What about housing prices?"

The Youth Are Abandoning the Democrat Party in Droves, Gravitating Toward the Republicans

These are the questions that need to be answered. These are the questions that Donald Trump needs to be asking. We can be sure that this fall, probably following the Republican National Convention when it's expected the Trump campaign will kick into high gear, these are questions he will be asking. And the record of the Biden administration isn't good.

According to Bureau of Labor Statistics data, grocery prices have risen 25% since the COVID-19 pandemic in early 2020. However, the cost of groceries dropped in April, the first decrease in a year.
Aunjahne Williamson, a single mother who spoke with Fox News Digital, said she has been deeply affected by the rising cost of groceries and often spends a minimum of $400 for a family of two every month.

In other words, things have gotten worse, not better, since Joe Biden took office, as anyone conversant in non-partisan economics could have told you would happen after dropping trillions of fiat dollars into the money supply.

Some of us are old enough to remember the last time inflation spiked like this — in the Nixon/Carter economy. Fixing that — a primary task of Ronald Reagan's first term — wasn't easy. It took raising interest rates and holding them to make the currency more valuable and plunging the nation into a recession to fix it (this is something of an oversimplification, but it covers the broad strokes), and the resulting economic boom lasted through the '80s and '90s, until the dot-com bust of 2000.

In simpler terms, it took a Carter to bring us a Reagan.

People vote their pocketbooks. And people, blathering by politicians aside, know what they are spending on food, on gasoline, on clothing. They know what their utility bills were four years ago and what they are now. And, if a certain presidential candidate asks the main run of Americans, "Are you better off than you were four years ago," the answer from most of them will be "No."