I was bouncing around the channels this morning as the pundits on both sides gave their pitches. CNN had some clown talking about how good the economy is and one of the commentators pushed back saying "you must not buy your own groceries." Prices of consumer staples such as flour, sugar and butter have skyrocketed in price under Biden’s tenure, increasing 38.3%, 30.7% and 35.9%, respectively.
I was at the commissary last weekend and went by the deli to pick a loaf of my favorite rustic Italian bread. I have not bought it in a while and I literally stopped in my tracks when I saw the price $9.99! On Jan 19, 2021 this loaf of bread was $6.49 at the Commissary...WTF...I didn't buy it. I have a great retirement, my job pays me FAR more than I am worth and I typically don't pay attention at the grocery store so this was a wow moment that showed me just how bad inflation is right now. Credit card debt crossed the $1.1T mark, an all time high. People are struggling to get by and it will be a major factor in the election.