Inflation is breaking political gridlock in favor of the GOP.
“The core Consumer Price Index, the measure of the price of goods and services excluding food and energy, increased 0.5% in November, according to data released Friday.
Driving the news: The headline CPI figure, which measures the price of all items, rose 6.8% over the last 12 months, marking the biggest jump in 39 years. …”
Libtards are already hated by most people.
You’re not going to get anywhere though with headwinds like this.
Focusing on the treating the systemic disease symptom of “inflation” is extremely myopic.
The inflation numbers are climbing now at the start of this inflation cycle, not its end. These types of numbers were printed at the end of the last big inflation cycle in the 1970’s/early 1980’s, not the beginning. Inflation is here, it’s just starting and it’s going to get much, much worse and quickly, too. It’s too late for the Government to stop it even if there were any political will to take the drastic action necessary such as raising interest rates.
One good effect of inflation is that it will effectively cut the budgets of Government agencies at all levels by reducing the purchasing power of the dollars allocated to these agencies. The natural Government response will be to demand bigger budgets to compensate for the loss of purchasing power caused by inflation which in turn has been caused by ridiculous Government deficit spending. This will not be politically popular. The same effect will be felt by the miserable “charitable” agencies, NGOs, universities and the rest of the parasites on the Left. Fuck ’em.
The second chart is very misleading since Imperial DC has changed the inflation calculation twice since the late 70’s. Shadowstats recalculates the CPI using the old formulas. Using the 1990 method, we are over 10%. Using the 1980 method, we are at 15%.
http://www.shadowstats.com/alternate_data/inflation-charts
Even the 1980 method is too low, as Carter took home prices out of the calculation.
Yeh, inflation is 6.8 %…..suuuuure it is. Try doubling that.
We are going to see the consequences of using overpopulation to drive an economy. They will be dire. Rents and home prices are up 22% year over year.
They have told the American ppl that riding a tiger is so fun, till you try to get off.