Bidenflation. That’s what we are dealing with now. As of this morning, we woke to the news that it is at 7.5%, a FORTY YEAR HIGH. Specifically, in 2021, inflation rose the fastest it ever has since 1982.

Prices rose for goods and services across the board, but they are being led by massive increases in used car prices and the cost of energy. Used car prices have increased by a staggering 40.5% since last year, while energy prices rose by 27%. Food prices are also up significantly, pinching households every time they go to the grocery store.

Gee, why are used car prices so high right now? Damn those pesky supply chain issues that have new car parts sitting on container ships on West and East coast for MONTHS now. Oh, and the Biden/Trudeau vaccine mandates for truckers sure doesn’t help either! 

As for food prices increasing, look again to the trucker vaccine mandates as well as the fact that our government has been shoveling money to people so they can stay home and NOT go to work. 

Those energy prices? Wouldn’t be NEARLY as much of an issue if Biden hadn’t declared war on oil, coal, and natural gas his first day in office. 

Those of us thinking rationally knew that Bidenflation was going to continue. However, there are some in the media who declared that this uptick was totally unexpected. 

You know, if you so-called economic “experts” would get out of your New York and Washington DC bubble, you’d realize that this uptick was NOT unexpected. That inflation will continue to rise until and unless a variety of problems are solved. 

Oh wait, Biden PROMISED us this was only temporary!

July 19, 2021: “Biden says inflation temporary”

Almost 7 months later…

February 10, 2022: “inflation just hit highest level since 1982”

Complete and total failure pic.twitter.com/ddIeSUlfDC

— Jesse Hunt (@JJHunt10) February 10, 2022

And what is the Federal Reserve going to do? 

Traders are now pricing in over a 44% chance of a hefty half-point rate jump when policymakers meet next month, instead of a more modest quarter-point increase. It would mark the first time since 2000 that the U.S. central bank raised the federal fund rate by 50 basis points. The Fed has not raised rates since December 2018. The odds of a sixth quarter-basis point hike this year, meanwhile, jumped to 63% after the inflation report.

“At this point it’s not a question of will they, won’t they – it’s a question of how many hikes we’ll see in 2022, and what the magnitude and pace will be,” said Mike Loewengart, managing director of investment strategy at E*Trade. “Given views on these aspects are all over the map at this point, there is a lot for the market to be uncertain about.”

Yes, especially since A. Fed Chair Jerome Powell declares they want to be “humble and nimble” with all of this, and B. Members of Congress are doing essentially nothing to pressure the White House to solve the multiple issues driving inflation. 

What are they doing instead? Crafting continuing resolutions to keep the government running, funding crack pipes for drug addicts, yelling about defunding the police, mail useless Covid test kits, and sending Kamala Harris to Europe to address the Russia/Ukraine issue. No, I’m not kidding. They really think Kamala is the one will solve problem. 

Will they trot Biden out in front of the cameras to display yet another bogus chart bragging on the economy?

The fastest economic growth since 1984. Things are moving, folks. pic.twitter.com/tkjf4THt8K

— President Biden (@POTUS) January 28, 2022

The jobs report the other week was as dismal as previous reports, and we STILL haven’t added any NEW jobs to the economy. What will the Biden Administration do? Probably blame Republicans, Joe Manchin, and Krysten Sinema for the economic woes we are dealing with. 

Except Senator Manchin is already out front on this with this terrific ‘I TOLD YOU SO!’

New Manchin statement on inflation figures: "As inflation and our $30 trillion in national debt continue a historic climb, only in Washington, DC do people seem to think that spending trillions more of taxpayers’ money will cure our problems, let alone inflation." pic.twitter.com/WFZ8cVJ08e

— Grace Panetta (@grace_panetta) February 10, 2022

He absolutely knows that Build Back Better would’ve tanked West Virginia’s economy. Furthermore, he knows this significant and not unexpected uptick in inflation will ALSO harm his state’s economy. I’d say his ‘I told you so’ is completely warranted here. 

Furthermore, this news drives Joe Manchin’s point regarding government spending home with a pile driver. 

Biden Opens Access To $5 Billion To Build National EV Charging Network via @forbes https://t.co/NbYLLy3wFH

— Mitch Landrieu (@MitchLandrieu46) February 10, 2022

We have an electric grid that can’t handle major ice storms, an electric grid in California that is either sparking wildfires or is involved in rolling brownouts/blackouts because it can’t handle the power flex, and the Biden Administration wants to shovel $5 billion at EV charging stations. 

Bidenflation is quickly bringing us back to the Carter years. Austerity is back on American’s tables. Infuriatingly, austerity is not on Congress nor the Biden Administration’s radar. The blame game is. 

Biden Admin’s @BrianDeeseNEC on the #FreedomConvoy: “Legitimate peaceful protest is, of course, something that is always encouraged. But taking steps like this that do nothing but hurt the economy … really make no sense." pic.twitter.com/hodPFfyUHV

— Tom Elliott (@tomselliott) February 10, 2022

Ah ha! The narrative has begun! By the end of the day, all of this Bidenflation will definitely be blamed on the truckers and anyone else they can throw darts at. 

Make no mistake, Bidenflation will be here for a while folks. Thanks for nothing Brandon. 

UPDATE: Another narrative shows up again, blame COVID for Bidenflation! 

BIDEN: "I'm going to work like the devil to bring gas prices down…by changing a whole range of things that, you know what's happened with COVID, COVID has caused significant increase in prices in the supply chain." pic.twitter.com/9o2HPLhIrh

— Townhall.com (@townhallcom) February 10, 2022

Feature Photo Credit: Inflated gas prices, Biden sticker royalty free via Shutterstock, cropped and modified