Inflation

MARKET SPIRAL: Stocks Plunge After Brutal Inflation Report

MARKET SPIRAL: Stocks Plunge After Brutal Inflation Report

The Stock Market plunged in mid-day trading Tuesday after a new report showed inflation remains a major economic hurdle as America struggles to recover from the COVID-19 pandemic. From Fox News: The major U.S. stock averages opened lower after a government report on consumer prices showed higher than expected inflation. Declining gasoline prices were offset …

BREAKING NOW: America’s Housing Market Down 6% in July, Officially Falls into Recession

BREAKING NOW: America’s Housing Market Down 6% in July, Officially Falls into Recession

A new report from CNBC confirms America’s housing market fell 6% in July, officially sending the industry into a recession. From CNBC: Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. The sales count declined to a seasonally adjusted annualized …

IS THAT SO, JOE? Manchin Says Inflation Reduction Act Won’t Reduce Inflation ‘Immediately’

IS THAT SO, JOE? Manchin Says Inflation Reduction Act Won’t Reduce Inflation ‘Immediately’

Some would say it won’t reduce inflation ever. According to The Daily Wire, Senator Joe Manchin (D-WV), a key vote and proponent of the Inflation Reduction Act, is warning Americans that his very helpful bill may not be helpful any time soon. According to DW, when asked by Fox News whether the title of the …

GRANHOLM: We Will Fight Inflation By ‘Giving Credits to Install Electric Charging Stations in Your Home’

GRANHOLM: We Will Fight Inflation By ‘Giving Credits to Install Electric Charging Stations in Your Home’

Energy Secretary Jennifer Granholm confused millions of Americans this week when she claimed Democrats will fight inflation by providing “tax credits” for families to “weatherize their homes from climate change.” “What, specifically, will the Inflation Reduction Act do to lower costs for Americans right now?” asked a host at CNN. Biden Energy Secretary Jennifer Granholm: …

EVEN CNN! Mainstream on to the Fact that the Inflation Reduction Act Doesn’t Reduce Inflation

EVEN CNN! Mainstream on to the Fact that the Inflation Reduction Act Doesn’t Reduce Inflation

During Tuesday’s episode of CNN’s New Day, guest John Harwood had some “breaking news” for anchors John Berman and Brianna Keilar —the Inflation Reduction Act won’t actually reduce inflation. Harwood says the name was a marketing trick to get West Virginia Senator Joe Manchin on board. “They call it the Inflation Reduction Act as a …

BREAKDOWN: Here’s What’s Actually in the ‘Inflation Reduction Act’

BREAKDOWN: Here’s What’s Actually in the ‘Inflation Reduction Act’

Democrats in Congress passed the Inflation Reduction Act of 2022 this week, a massive bill aimed at lowering costs for millions of Americans. Here’s what’s actually in the legislation: $161 billion – Clean Energy Tax Credits $101 billion – Capping prescription drug prices $64 billion – Expanding Obamacare $40 billion – Reducing air pollution $37 …

LIBERAL MATH: Biden’s Inflation Reduction Act Costs $639B, Will ‘Reduce’ Deficit by $300B

LIBERAL MATH: Biden’s Inflation Reduction Act Costs $639B, Will ‘Reduce’ Deficit by $300B

A new report from the Wharton Business School is shedding more light on the President’s Inflation Reduction Act, claiming the legislation will actually increase inflation throughout the next 18 months. From Wharton: On Wednesday July 27th, Senate Democrats released legislative text for the Inflation Reduction Act of 2022 to be passed under FY2022 budget reconciliation instructions. In …

MORE BAD NEWS: Key Inflation Figure Surges to Highest Level Since 1982, Most in 4 DECADES

MORE BAD NEWS: Key Inflation Figure Surges to Highest Level Since 1982, Most in 4 DECADES

A key indicator measuring inflation surged in June to the highest level since 1982, another brutal statistic as the US economy officially enters recession-territory. From CNBC: An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more than 40 years in June, the Bureau of Economic …

HERE WE GO! White House Scrambles to Redefine Word ‘Recession’ as Economy Crumbles

HERE WE GO! White House Scrambles to Redefine Word ‘Recession’ as Economy Crumbles

The White House scrambled Monday to redefine the term “recession” just hours before a crucial economic report is predicted to show two-consecutive quarters of financial decline for the US economy. From the White House: How Do Economists Determine Whether the Economy Is in a Recession? What is a recession? While some maintain that two consecutive quarters …

WHAT IS A RECESSION? Like ‘Woman’ Admin Says Word ‘Recession’ Difficult to Define

WHAT IS A RECESSION? Like ‘Woman’ Admin Says Word ‘Recession’ Difficult to Define

The White House desperately tried to spin-away the country’s looming recession over the weekend; claiming the actual economic term is very difficult to define. “GDP will be closely watched. A common definition of ‘recession’ is two negative quarters of growth… But that’s not the technical definition,” explained Treasury Secretary Janet Yellen. “What will the definition …

DELUSIONAL: White House Says Americans Now ‘Saving About $50 a Month on Gas’

DELUSIONAL: White House Says Americans Now ‘Saving About $50 a Month on Gas’

Senior White House Economic Advisor Brian Deese defended Joe Biden’s economic agenda on CNN this week; bizarrely claiming that Americans are now saving “about $50 a month” on gasoline. “We’re seeing gas prices fall for 34 straight days. They’re down about $0.50. That means a typical household is generating savings of about $50 a month,” …