Biden & Co. offer nothing but more of the madness that put us in this inflation mess

Ouch: Inflation hit yet another new high in June, a worse-than-expected annual rate of 9.1% — a level last seen in November 1981.

As a result, real hourly earnings fell 3.6% over the last 12 months. Plus, employers seeking to make their ends meet have been cutting back on workers’ hours, so actual, inflation-adjusted weekly earnings fell 4.4%.

And the hit is even harder for working Americans, as energy and food costs soared even more: groceries up 12%; gas, 60%.

Oh, and the inflation jump from May to June was 1.3%, the largest one-month spike since Bidenflation started as Congress was passing the so-called American Rescue Plan.

Hey, says President Joe Biden: These numbers don’t reflect the drop in pump prices in the weeks since June. But the decline is modest, and not guaranteed to continue.

As for the White House claim that June will prove to mark inflation’s peak: Maybe. But it said the same back in December, when price hikes were “only” 7%. Biden himself said in January that the rise was “slowing.” (Before that, the line was that it was “transitory” and would be back to 2.1% in 2022. Oops.)

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