{"id":324709,"date":"2021-08-15T03:11:21","date_gmt":"2021-08-15T00:11:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/inflation-keeps-growing-but-dems-wont-stop-spending\/"},"modified":"2021-08-15T03:11:21","modified_gmt":"2021-08-15T00:11:21","slug":"inflation-keeps-growing-but-dems-wont-stop-spending","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/inflation-keeps-growing-but-dems-wont-stop-spending\/","title":{"rendered":"#Inflation keeps growing, but Dems won&#8217;t stop spending"},"content":{"rendered":"<p>&#8220;<strong>#Inflation keeps growing, but Dems won&#8217;t stop spending<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/dems-inflations-pending.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>President Joe Biden and Democrats keep telling Americans not to worry about inflation, that it\u2019s only temporary. Yet the record price hikes keep getting worse.<\/p>\n<p>On Thursday, the Bureau of Labor Statistics reported yet another jump, a full 1 percent, in the producer price index (which measures prices before they reach consumers) for the month of July. Wholesale prices are now up 7.8 percent over the past year, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.foxbusiness.com\/markets\/producer-price-index-july-2021\">fastest annual surge since such recordkeeping began <\/a>in 2010.<\/p>\n<p>On Wednesday, the BLS reported consumer prices rose 0.5 percent in July, or 5.4 percent over the past year \u2014 maintaining June\u2019s yearly pace, the largest in 13 years.<\/p>\n<p>Biden actually bragged that it wasn\u2019t even higher, yet wages are up only 4 percent from a year ago, so Americans have lost ground.<\/p>\n<p>And the prez is clearly worried: \u201cThere are going to be ups and down,\u201d he rationalized  Wednesday, announcing several (useless) steps to curb the spike, like \u201cbringing together\u201d port operators to encourage speedier operations and boost supplies and begging the Arab oil cartel to up production.<\/p>\n<aside class=\"single__inline-module alignleft\">\n    <\/aside>\n<p>Meanwhile, he\u2019s rushing to shell out trillions more in federal cash \u2014 via a $1.2 trillion infrastructure package and $3.5 trillion in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> spending, just months after his nearly $2 trillion COVID relief package followed $4 trillion in COVID spending last year. (What\u2019s a few trillion, here and there, right?)<\/p>\n<p>Trouble is, all the new cash pumped into the economy \u2014 particularly the hundreds of billions funded with debt \u2014 is only fueling already pent-up demand, even as supplies remain bottlenecked.<\/p>\n<p>Average Americans are fretting, too: A whopping 86 percent say they\u2019re concerned about inflation, a Fox <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> poll showed Wednesday, and 79 percent blame at least part of it on Biden policies.<\/p>\n<p>Those at the bottom suffer most: Prices are up for housing, food, energy, new vehicles and other goods. About 75 percent of those with incomes under $50,000 cite rising grocery and gas prices for their financial woes.<\/p>\n<p>\u201cThe degree to which lower-income households are feeling the squeeze on food and fuel . . . highlights the risk that inflation could push families on the brink over the financial edge,\u201d warns <em>Democratic <\/em>pollster Chris Anderson, one of the poll\u2019s directors.<\/p>\n<p>Washington clearly needs to hit the brakes. Emergency relief was needed in the depths of the pandemic, but Democrats\u2019 continued drive to spend is only spreading misery.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/14\/inflation-keeps-growing-but-dems-wont-stop-spending\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Inflation keeps growing, but Dems won&#8217;t stop spending&#8221; President Joe Biden and Democrats keep telling Americans not to worry about inflation, that it\u2019s only temporary. Yet the record price hikes keep getting worse. On Thursday, the Bureau of Labor Statistics reported yet another jump, a full 1 percent, in the producer price index (which measures&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/dems-inflations-pending.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[114240,82805,10701,43,70865,991,74132],"class_list":["post-324709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-14-21","tag-bureau-of-labor-statistics","tag-democrats","tag-editorial","tag-government-spending","tag-joe-biden","tag-prices"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324709"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324710"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}