Brandonflation: Who Will Take the Biggest Hit?

[Cotton1]

First it was "what inflation?" Then it was "inflation is transitory". After that it was "inflation is a good thing!" Now it's "deal with it and be thankful"

"Transitory inflation " confused the public just enough to believe Bidens excuse to dismiss responsibility of his doing.

Sort of like the "infrastructure " bill that was made up to a large degree of social outlays .

Libs love the hammer /nail bridge visual.

[carolina73]

No way. We are all going to spend 60,000 on an electric car so we can spend as much on electricity to run the cars as we paid when Trump was President.

We call the the Secretary BootyGay plan.


So BootyGay and Brandon decide to double and triple the price of gas to tell you that you can save money by buying that $60,000 car. It's like the store tripling the price and then telling you that you can come to their 20% off sale.

[Newpublius]

Middle class will bear the brunt of this...........they always do.

It depends how people are situated. To the extent your wages don't keep up with inflation, yes, that person loses, but to the extent that person has fixed rate debt, that person wins.

I think the latest read was wages up 4.9% in face of 6.2% inflation so that is -1.3% but the fixed rate debt is a fixed payment. So I am sure there are many who make up more in debt devaluation than they do in decreased buying power from their wages.