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Biden’s Stale Rerun Of
That ’70s Inflation Show

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Posted By: RockyTCB, 5/13/2021 6:53:31 AM

Among the young, hip, Woke crowd, faux-nostalgia for the fabulous 1970s is all the rage these days. Well, if it’s the ’70s they want, it’s the ’70s they’ll get. And good and hard, as the saying goes. Seen inflation lately? April consumer price inflation surged 4.2% over the last 12 months, four times higher than expected. Core inflation, which strips out volatile prices for food and energy, posted its biggest monthly increase since 1981, for a gain of 3% over the last year and the biggest annual increase since 1996. OK, our inflation is bad, but we’re not quite at

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Reply 1 - Posted by: bad-hair 5/13/2021 7:14:03 AM (No. 783959)
Oh, and then there's Social Security. Is that indexed to inflation ? When ground beef hits 15 bucks a pound and gasoline is how much ???
3 people like this.

Reply 2 - Posted by: ARKfamily 5/13/2021 7:49:35 AM (No. 783977)
It makes me wonder if that is where his mental state is at right now. Is he mentally in the 70's era?
1 person likes this.

Reply 3 - Posted by: bobmadison 5/13/2021 9:41:33 AM (No. 784130)
BIDENOMICS on a roll. Time for the Biden BACKLASH to roll.
1 person likes this.

Reply 4 - Posted by: red1066 5/13/2021 11:05:16 AM (No. 784252)
I wasn't all that thrilled with the 70's the first time around.
2 people like this.

Reply 5 - Posted by: RayLRiv 5/13/2021 11:08:08 AM (No. 784257)
If I were running a radio commercial I'd take that little audio snippet Jimmy Carter made famous ("it is a crisis of confidence!") and use it over and over again against Xiden or any DemoRAT.
1 person likes this.

Reply 6 - Posted by: lakerman1 5/13/2021 2:02:00 PM (No. 784453)
Back in the 1970s, runaway inflation was most evident at the grocery store. In those days, there were no smart cash registers/scanners of bar codes, so the cashier rang up what the price label on the item said. And prices were advancing so rapidly, a can of soup, for example, could have 3 or 4 price labels. That meant the store was re-pricing existing inventory. It was really offensive. And President Nixon imposed wage/price controls when the consumer price index hit 6 %.
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Reply 7 - Posted by: lakerman1 5/13/2021 2:09:18 PM (No. 784468)
Oops. #1, Social Security got itself into a mess with its inflation index. And while I can't fully explain what happened, the term 'notch babies' comes to mind. Google the term, and you will discover that those born between 1918 and 1922 did not receive the full indexed social security increase, and complained loudly and bitterly about it.
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