Yeah, that inflation number was upside of the high they were anticipating, so that's not good.
And the glower and gloom are back since they don't have to pretend anymore.
Inflation jumped in January on the back of higher prices for consumer staples like groceries and energy. Economists worry inflation has become entrenched above the Federal Reserve’s target, even as President Donald Trump’s policies around tariffs and immigration threaten to exacerbate it.
The consumer price index, an inflation gauge, rose 3% for the 12 months ended in January, the U.S. Bureau of Labor Statistics reported Wednesday.
The January reading is up from 2.9% in December. It marks the fourth consecutive month of increases in the annual inflation rate, when it was at 2.4% in September.
“It feels like everything that could go wrong in this report did go wrong,” said Mark Zandi, chief economist at Moody’s.
Yes, we're with you Jeffrey. Not many people believe the artificially suppressed numbers.
— Don's Elephant Shack (@dons_elephants) February 12, 2025
People who actually pay bills understand the difference in 3% and 40%.
The charts are pretty interesting and much more straightforward than me rattling on about the state of inflation itself.
Painfully clear that inflation hasn't been trending toward 2.0% target; instead, prices have been steadily rising at 3.1% annualized rate for last 2 and a half years; for a year and a half before that, they were soaring at annualized 8.6% rate:
— E.J. Antoni, Ph.D. (@RealEJAntoni) February 12, 2025
The Biden legacy... pic.twitter.com/jGFby1krB7
And what everyone always knew but was told they didn't about its effect on food prices.
Inflation is transitory, they said
— E.J. Antoni, Ph.D. (@RealEJAntoni) February 12, 2025
Inflation is coming down, they said
But your wages are rising, they said
Translation: food prices set another record high in the last month of the Biden admin... pic.twitter.com/XPY7Xg4xkI
Trillion-dollar deficits do not make for a healthy economy and spending more than is taken in month after month doesn't only cause problems for households trying to make ends meet.
We also just got the January US Budget Report.
— Frog Capital (@FrogNews) February 12, 2025
We will be working from joe's budget through September.
Your Government made (took) $513 Billion last month and spent $642 Billion. For a deficit of $129 Billion.
We spent $81 Billion in January just paying interest on our debt. pic.twitter.com/jJ7TWQpdff
However, the government doing that very thing is causing real problems for households across all income levels, who are just trying *to check notes* to make ends meet, thanks to the wonders of #Bidenomics and the miserable incompetence of the Federal Reserve.
Agreed! We retired in 2018 and “thought” we would be good with “basic” economic trends. We were not prepared for 25 to 30% negative purchasing power.
— 🪂 JC Spiritrunr 🪂 (@JCSpiritrunr) February 12, 2025
We’re good with chillin’ on the sidelines, but sometimes we slip into WTF territory.
It's pretty obvious inflation was nowhere near their target point when they started lowering interest rates just before the elec...oh.
Given the latest inflation news and the fact that inflation was still humming summer 2024, there should be an investigation into why the Fed lowered interest rates just before the election.
— Bonchie (@bonchieredstate) February 12, 2025
Because it sure seems like they were trying to help Democrats win the election.
I'll bet you noticed that cackleberries were up again.
Eggs +15.2% in January pic.twitter.com/xhVyxX91sA
— Frog Capital (@FrogNews) February 12, 2025
So, of course, with all the damning news on inflation and prices skyrocketing, the answer is obvious even to a blind man - Democrats are putting all their expensive damn eggs in one basket - DONALD TRUMP'S.
TAKE IT AWAY, CHUCKLES
JUST IN: Senator Chuck Schumer coins the new term ‘Trumpflation,’ says DOGE is to blame for inflation despite Trump only being in office for three weeks.
— Collin Rugg (@CollinRugg) February 12, 2025
The statement comes after Schumer ignored Bidenflation for 4 years.
“Americans woke up this morning to bad news for their… pic.twitter.com/2PaDYrQWwa
...“Americans woke up this morning to bad news for their bank accounts. They woke up to a grim reality that Donald Trump is not going to keep his promise to lower costs.”
“Americans woke up to an era of Trumpflation, and unfortunately, this is only the beginning on DOGE.”
I'm not sure that the skeevy Senate Minority leader should be arousing himself over eggs and 'Trumpflation' just yet. Somebody said Trump's had the helm for all of 21 days or so, and the American people have learned to do math in the past four years. This does not work to the Democrats' benefit when coming straight out to demonize the new guy for January data when he was president for only eleven days of that month.
It would be a much better look if Schumer either kept his mouth shut - I realize that's a physical impossibility - or perhaps found a way to goad Trump with a 'what are you going to do about it' line.
Blaming him is a non-starter.
The other tide Democrats are bucking right now is that, for all of the grim Biden-inflicted pain in the numbers and charts, there is some light twinkling in the abyss, and to their horror, Democrats realize it is the DOGE team.
The deficit spending is the immediate problem, and, for once, we have an immediate answer already at work getting results. We don't have to wait for Congress to go through their excruciatingly slow Kabuki theater movements, pretending to argue what granny's sammich to steal. And then not only not taking it but buying her another to go with it.
Oh, no.
The hundreds of grand here, the hundreds of millions there, the identified payments, and paper-filled mines in Pennsylvania are all adding up to substantial savings before a month of the Trump administration has passed in office.
Financial analysts, and, by extension, the markets are looking at the rapid-fire pace of cost-cutting and rethinking their initial assessments of the Trump/DOGE approach.
As in, 'This might just work."
Regime economists said Trump would be an economic disaster.
— Peter St Onge, Ph.D. (@profstonge) February 12, 2025
Now markets — the ultimate judge and executioner of financial crises — are saying Trump will fix inflation *and* stave off the fiscal collapse that was looking inevitable under Biden. pic.twitter.com/5CLq6cUp3D
"...Will our corrupt economic aristocracy be issuing apologies?...The fear porn, it turns out, failed, the yield [ten-year treasury] is now collapsing down a half point in just a couple weeks, and almost back to the pre-election number. What's driving the good news? Certainly not the Fed itself...Instead, the good news is coming from the rising growth expectations and falling inflation expectations as markets realize DOGE is actually making real cuts in federal spending for the first time since Bill Clinton. Meanwhile, Trump's new Treasury Secretary Scott Bessent is also doing all the right things..."
If growth takes off and Congress does its job instead of waffling helplessly, 'Trumpflation' will be merely another discarded chant in an ever-growing pile of pathetic mewlings by a neutered and lost party even though we're stuck with Biden's budget to the end of the fiscal year.
Listen to what Elon says here and compare it to the lies, garbage and nonsense that the democrats are spewing everyday:
— TheStormHasArrived (@TheStormRedux) February 11, 2025
“If you get a trillion dollars of economic growth, and you cut the budget deficit by a trillion - between now and next year - there is no inflation…
And if… pic.twitter.com/TEDKdQ9mln
...“If you get a trillion dollars of economic growth, and you cut the budget deficit by a trillion - between now and next year - there is no inflation
… And if the government is not borrowing as much, it means that interest costs decline. So everyone’s mortgage, their car payment, their credit card bills, their student debt, the monthly payments drop. That’s a fantastic scenario!”
These guys are truly trying to make America greater than ever before - for the people - and everyone is starting to realize it. There is no coming back from this for the democrats. Game over. ...
I mean, look at this. DOGE found $59M sent out that wasn't supposed to be.
Whaddaya know.
Got that $59M back today.
The Department of Homeland Security says it has taken back $59 million in FEMA funds earmarked for hotels housing migrants in New York City, a day after it fired those involved in making the payment.
"Secretary Noem has clawed back the full payment that FEMA deep state activists unilaterally gave to NYC migrant hotels," a DHS spokesperson told Fox News Digital.
"There will not be a single penny spent that goes against the interest and safety of the American people," they said.
OH, YEAH.
I have clawed back the full payment that FEMA deep state activists unilaterally gave to NYC migrant hotels.
— Secretary Kristi Noem (@Sec_Noem) February 12, 2025
FEMA was funding the Roosevelt Hotel that serves as a Tren de Aragua base of operations and was used to house Laken Riley’s killer.
Mark my words: there will not be a…
LFG
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