Anyone who has been to a grocery store or a gas station in recent weeks knows inflation is bad.
In fact, it’s reaching historic proportions. The last time it was this bad was in 1982.
Joe Biden and the Democrats own this.
CBS News reports:
Worst inflation since 1982 puts Democrats in political jeopardy
Democrats will defend the smallest House and Senate majorities in decades in the midterm elections, and Republicans have seized on inflation as a key issue. Last year saw the greatest increase in price in nearly 40 years – putting Democrats on the defensive as people across the country feel the strain of higher prices on everyday life from food to gas and paying rent.
Prices are up 7% from a year ago, the fastest pace of inflation since 1982. Price hikes in housing and used cars and trucks were among the increased costs driving inflation, as is the cost of food. Energy prices were also higher than a year ago, though the cost of gas eased a little in December.
As prices soar, Republicans are slamming the Biden administration and congressional Democrats, claiming the increases are the result of Democrats’ policies and “reckless spending.”
And it appears to be working: 54% of Americans think the U.S. economy is getting worse, while only 15% say it’s getting better – 30% say it’s the same, according to polling released Wednesday by Quinnipiac University. The poll found just 34% of Americans approve of President Joe Biden’s handling of the economy, compared with 57% who do not.
This is going to play a major role in the midterms.
BREAKING: Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982. It's the latest evidence that rising costs for food, gas, rent and other necessities are heightening the pressures on U.S. households. https://t.co/9rDFhRIKgl
— The Associated Press (@AP) January 12, 2022
Inflation just hit 7%, the highest rate since 1982.
But don't worry, Biden's hard at work calling Americans racist for wanting voter ID. #BringBackMeanTweets
— Rep Andy Biggs (@RepAndyBiggsAZ) January 12, 2022
Trump warned this would happen.