Tuesday, March 05, 2024

We're all trying to find out who did this, Joe

Reason: "Shrinkflation Is Real—and It's Largely Biden's Fault"
The wave of shrinkflation came in response to the rise in inflation the country experienced starting in 2021. I am baffled that the president would make such a big deal out of it now. The administration has been trying to fool voters into conflating the fact that inflation has tempered with the idea that prices are basically back to normal. It's not the case. While inflation has declined, the price of food is up by 20 percent on average since February 2021. Chicken and bread are up 25 percent, and rents are still mightily elevated.

These higher prices explain why voters continue to express plenty of frustration about the economy despite low unemployment, positive economic growth, and rising wages.
In the fight against inflation, Dementia Joe has enlisted the help of noted economist [checks notes] Cookie Monster to make his case and find out who caused this runaway price spiral.



No comments: