Biden Is Following in the Same Economic Footsteps as Jimmy Carter – Inflation Here We Come

[TigerGrowls]

https://www.thegatewaypundit.com/20...onomic-footsteps-jimmy-carter-inflation-come/

By Joe Hoft
Published February 7, 2021 at 10:05am
475 Comments
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When Jimmy Carter came into power inflation was 5.7%, by the time he left inflation more than doubled to 13.5%. Now Joe Biden appears to be going down the same track.
Massive government spending and a stimulative monetary policy was the heart and soul of the Carter regime and now Biden’s regime is working on doing the same.
Last year the annual inflation rate was less than 1% but Biden’s policies are likely to increase inflation significantly.
In energy the cost of gasoline increased under Carter significantly and this is due to happen under Biden. It will help Russia and the Middle East and not America.
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Biden is pushing a $15 minimum wage which will lead to a massive increase in costs. In addition, an increase in regulations and taxes will add to higher prices for all Americans.
Watch a summary of the costs of a Biden economy below:



No American wants the inflation coming with the Biden economy.

 

[fatpiggy]

Inflation is everywhere. Its a run away train. Can Joe stop it? Or will he continue to steal from you?

 

[Cocks are Number 1]

Jimmy Carter was at least, a good human being, a person of character, with good intentions.

Simply misguided.

 

[harristeeter]

The headline CPI Index that started in 1913.....that's 1913.....reached the highest level it's ever been this morning. The CPI Core Index also reached its all-time high this morning, that however only started in 1957.

 

[fatpiggy]

The headline CPI Index that started in 1913.....that's 1913.....reached the highest level it's ever been this morning. The CPI Core Index also reached its all-time high this morning, that however only started in 1957.

Thats the thing, you know the gov was doing everything in their power to reduce inflation because it is a toxic issue for democrats during an election year. So the fact that they let it come out hot makes me think the real inflation is much worse. That and going to the grocery store where prices are up much more than other goods.

 

[Clemson Goat]

Oil price is about to increase as summer approaches. Middle East cutting back on production.

 

[harristeeter]

Thats the thing, you know the gov was doing everything in their power to reduce inflation because it is a toxic issue for democrats during an election year. So the fact that they let it come out hot makes me think the real inflation is much worse. That and going to the grocery store where prices are up much more than other goods.

We have a 10 year note auction today and a 30 year tomorrow. The cost to service our countries debt is approaching half-a-trillion dollars......just to service our debt.
Interest rates are going higher
The deficits are going higher
We're likely to see 5% just on the 10 year....... THIS year.

 

[fatpiggy]

We have a 10 year note auction today and a 30 year tomorrow. The cost to service our countries debt is approaching half-a-trillion dollars......just to service our debt.
Interest rates are going higher
The deficits are going higher
We're likely to see 5% just on the 10 year....... THIS year.

10 year trading up .14 to 4.5% right now.

Interest rate market now reflecting a 20% chance of a cut at the Jun meeting which is down from almost 80% chance about 30 days ago.

Will the Fed cut rates in September leading into an election? Its quickly becoming an election issue

 

[harristeeter]

10 year trading up .14 to 4.5% right now.

Interest rate market now reflecting a 20% chance of a cut at the Jun meeting which is down from almost 80% chance about 30 days ago.

Will the Fed cut rates in September leading into an election? Its quickly becoming an election issue

In any other year I don't see how they could lower rates with inflation still sitting where it is. That said, with it being an election year it kind of gets thrown out the window.

Not going to officially tag him here because it's the political thread, but bionic tiger and I both stated over a year ago they needed to go ahead and bump UP interest rates another half a point and just suck it up and take it.

Alas they didn't and here we are.