Wages are up, grocery prices are going down, and inflation is under control! Paul Krugman slings Joe Biden's bullshit

 President Biden issued a statement a few days ago assuring us that the economy is robust and we're all getting richer. Here is what he said:

Inflation is down two-thirds from its peak, and annual core inflation is the lowest since May 2021. Wages are rising faster than prices over the last year and since the pandemic. Prices for key household purchases like gas, milk, eggs, and appliances are lower than a year ago. Inflation is down, while unemployment has remained below 4% for the longest stretch in more than 50 years.

In short, Americans have become wealthier since Joe Biden took office. Unfortunately, many Americans are so fuckin’ dumb that they don't realize how prosperous they are.

New York Times columnist Paul Krugman, chief spear carrier for the progressive left, asked why Americans are so down on the economy. Why are they ignoring "fancy statistics" showing that "America is doing pretty well"?

Krugman thinks many Americans have been duped by "the false narrative that the economy is doing badly."

I hate to break it to you, Paul, but that's bullshit. You may not know this, but millions of Americans living on fixed incomes in flyover country do their own grocery shopping. I'm one of those people. Every time I go to the grocery store, I am shocked by the price of food and paper goods.

Property and auto insurance costs have also spiraled upward, rising 26% over last year. Homeowner's insurance costs have risen, too—by 11%.

Krugman urges Democrats to argue that Biden inherited a damaged economy "and led us through the aftermath to a much better place."

I think that's bad advice. If the Democrats want to win this year's presidential election, they need to fall back on the political tactics that have worked so well in the past: race-baiting, ballot harvesting, and frivolous litigation.

 

Paul Krugman: Slinging Joe Biden's bullshit
Photo credit: Leigh Advisory

Pickled pig lips cost $22 a jar: Bidenomics and the inflated cost of food

I'm shocked by food prices every time I go to the grocery store. Coffee is $11 a pound at my grocery store, two pounds of bacon cost $20, and a loaf of bread sells for five or six bucks. A jar of pickled pig lips costs $22!

President Trump says food costs have gone up 40,  50%, and even 60% under Bidenomics. The Biden administration and the mainstream media say that's nonsense. However, most experts agree that food prices have increased by about 25% over the last four years.

Food prices are insignificant for the wealthy, but food makes up 31% of a low-income family's budget. For people living on the bottom rung of the economic ladder, the rising cost of food causes real suffering.

I grew up in a family clawing its way into the middle class. My mother tried to keep our food costs down by buying foods that were cheap. I ate a lot of baloney as a kid, a lot of Velveeta cheese, a lot of Spam, and beef liver. Our refrigerator never held real butter or cheddar cheese. Those foods were too expensive.

As my parents became more prosperous, our diet changed. We stopped eating Spam and ate more beef. I discovered cheddar cheese.

Biden's spinmasters say inflation is under control, and the New York Times agrees. But America’s poor know better. When pickled pig lips cost $22 a jar, that's a sign that food prices are out of control.

Economists say inflation is a time when the rich steal from the poor. This is such a time. The restaurants are packed with wealthy people eating steaks while folks living off their Social Security checks struggle to buy food. 

Fooling All of the People Some of the Time: Retired People, Working-Class Families, and Peope Living on Fixed Incomes are Suffering Under Bidenomics

 You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.

Abraham Lincoln

How are Americans doing under Bidenomics? According to President Biden, we're all doing fine. This is what the President said just a few days ago:

Today’s report shows that we ended 2023 with inflation down nearly two-thirds from its peak and core inflation at its lowest level since May 2021. We saw prices go down over the course of the year for goods and services that are important for American households, like a gallon of gas, a gallon of milk, a dozen eggs, toys, appliances, car rentals, and airline fares. Despite what many forecasters predicted a year ago, inflation is down while growth and the job market have remained strong. 

 Of course, that's total bullshit, and Americans all know it--at least all the Americans who do their own grocery shopping. Week after week, I go to my local grocery store and am shocked at the price of nearly everything. 

I know, however, that I am more fortunate than many of my fellow Americans. I'm retired, but I don't depend solely on Social Security to pay my bills. However, one out of seven retired Americans live almost totally on their monthly Social Security checks. And the average Social Security check is only about $1700.

Who can live on that? Nobody. 

President Biden is about to demonstrate the truth of one of Abraham Lincoln's most famous observations. Biden fooled millions of people during the 2020 presidential campaign by hiding his cognitive decline and his family's influence-peddling racket. The obsequious mainstream media pitched a wild yarn about Bidenomics that has fooled some Americans to this day. Incredibly, almost a third of Americans believe Sleepy Joe is doing a good job managing the economy.

But Lincoln was right: you can't fool all the people all the time.  Now, we are in the 2024 presidential primary season, and Biden is about to see that millions of Americans have figured out that they are losing ground economically. Retired people, people living on fixed incomes, and working-class families by the millions are going to vote for Donald Trump or Nikki Haley.