Holy shit. Do you want an example of how the people running our nation don’t know or understand anything about economics? Take a look:
Alright, I know that Biden isn’t the one writing this, but it’s still incredible that they equate “inflation coming down” with a reduction in prices. The left is actually clueless on anything. They are fucking idiots.
Say inflation is 8%. Last year’s $100 item now costs $108.
Inflation drops to 2%. Now that item will cost about $110.
The price can’t “go back” to $100 unless inflation is negative.
That isn’t price gouging, it’s math.
This is why we are doomed. Our nation is being run by idiots.
I have been tracking the cost of breakfast at Denny’s over the past 25 years. Not just any Denny’s. The same location- located right near my old fire station. I used to get food there regularly, so it’s a great way to make a valid comparison.
At that Denny’s: 2 strips of bacon, two link sausages, two eggs, and two pancakes is the breakfast that Denny’s calls the “Original Grand Slam.” That breakfast sold for $1.99 in 1997. By 2021, that same breakfast cost $9.49, which works out to an annual inflation rate of 6.7%.
In September of 2023 that same breakfast was $11.99, or a 26.3% increase in the past two and a half years. That’s a 10.5% annual increase.
Just two months later, and that Original Grand Slam is up to $12.99. That is an 8.34% increase in just two months. That corresponds to an annual inflation rate of more than 60 percent. If that were to continue, in a year that same breakfast will cost $19.35.
5 Comments
Idaho Bob · November 30, 2023 at 1:14 pm
They don’t have to convince you and the people reading this blog. They just have to convince the sheeple who have graduated from the government schools in the past 30 years. We’re on our way to 90 million votes for the old guy with old timers
Idaho Bob
Dan D. · November 30, 2023 at 2:18 pm
You’re exactly correct here. That post is about messaging so the other admin mouth breathers can quote it. Maybe Community Notes can weigh in and cut this BS off at the legs.
ML Thomas · November 30, 2023 at 8:17 pm
They’re not the idiots.
They are signaling this to the idiots. Anyone that repeats this is the idiot – And they number in the millions!
Sorry to have to say this, but – We Are Fucked
EN2 SS · November 30, 2023 at 11:06 pm
A more accurate phrase is “Royally Fucked.”
j · December 1, 2023 at 9:48 am
It’s called perception management, or propaganda/brainwashing…The Biden administration knows very well that it is their spending and dollar printing economic policies that has caused the roaring inflation. They also know full well that a reduction in the inflation rate is not the same as defeating or even stopping inflation…they are just diverting the blame to the corporation. They are hoping that the clueless, “useful idiots”, will believe their propaganda lies. Politics.
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