Friday, July 8, 2022

Inflation

In July of 2021 six months after Biden took office the administration said: The Biden administration boasted on Thursday that cost of a Fourth of July cookout went down by 16 cents in 2021 compared to 2020. They were indicating that in just a few months things had gotten better. The inflation rate at that time was one percent. One year later the cost of a 4th cookout is up to $70 and the inflation rate is 8%. It is a tough life when whatever you say is recorded and played back later.

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