Airforceone wrote:
What has Biden done to drive up the cost of fuel you live in a world of partial info that alines with your ideology and ignore the whole story.
What the hell does a president have to do with the cost of fuel in this country. We subsidize these god damn oil companies with millions in subsidies every year and what do they do stick it up to our ass with high prices.
People like you forget they received a 19% tax cut millions in subsidies and if our government ever tried to regulate prices people like you would go insane with your socialism BS.
Half these oil companies pay Zero Federal taxes, received subsidies and clowns like you love it.
Again what the hell did Biden do that raised the price of gas. Don’t forget before pandemic prices were up during pandemic prices went down and people like you bragged at prices being down.
But good for you as over 600,000 Americans died and you brag about gas prices.
Grow up and look at the complete picture instead of you just taking a snapshot in time.
You Trumpet are so lacking the complete facts.
What has Biden done to drive up the cost of fuel y... (
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Biden's America: American Wages Drop by Nearly 2% as Inflation Spirals Out of Control
It’s now showing its teeth — and written on those teeth are the letters I-N-F-L-A-T-I-O-N. As prices increase, earning power, of course, drops.
It’s happening right now, and given the current administration in Washington, are you surprised?
, average hourly earnings technically increased from $29.35 in June 2020 to $30.40 last month.
But real average hourly earnings decreased by 1.7 percent over the same time period, thanks largely to the consumer price index — which measures the price of consumer items — rising 5.4 percent.
Mixing wages and inflation in its pot of economic numbers, the bureau spits out this sobering figure: Real average hourly earnings dropped by 0.5 percent in one month, between mid-May and mid-June.
Multiply that 0.5 percent by the number of months in a year, and you’ll see your paycheck evaporate at an annual rate of 6 percent.
You already know inflation is a problem if you’ve been to a gas pump lately or tried to rent a car or have been like the guy who works at a lumber yard and is referred to by a friend as “the lumber baron.”
And each tentacle of inflation can be traced back to some type of government action.
Car and truck rental prices are up 36 percent from a year ago. Stalled by the 2020 lockdowns, car rental companies sold a third of their fleets — 770,000 vehicles, according to New York magazine, which noted that now that demand is back, computer chip shortages mean there aren’t enough cars to be had.
Meanwhile, retail gasoline prices are up about 96 cents since July 2020. Increased demand and higher crude oil costs have caused the price increase, according to AAA.
Whether valid or not, it’s hard to avoid the image of higher gas prices after the Biden administration canceled the Keystone pipeline immediately upon taking office in January, especially in the wake of the energy independence attained by the Trump administration.
It’s a time requiring leadership, and given the Gallup assessment of the current administration, growing numbers of people aren’t finding it.
https://www.westernjournal.com/bidens-america-american-wages-drop-nearly-2-inflation-spirals-control/