So much for that “Inflation Reduction Act” Joe Biden was celebrating a few weeks back. Of course, we all knew it wouldn’t reduce inflation — it’s actually increased it. Joe’s bill was nothing more than a radical communist green bill, in disguise. But what does Joe or his rich, elite white climate change supporters care about inflation and Americans who can’t afford groceries? They got what they wanted. Meanwhile, as Breitbart reported, inflation is speeding up at an alarming rate as we inch closer to the midterms: Prices paid by U.S. households surged higher in September as a wide range of goods and services became more expensive.
Prices rose 8.2 percent compared with a year earlier, the latest Consumer Price Index showed on Tuesday, evidence that the price stability sought by the Federal Reserve remains an elusive and distant destination. Compared with August, prices were up 0.4 percent, the Department of Labor’s Bureau of Labor Statistics said.
Core CPI, which strips out volatile food and energy prices, rose 6.6 percent compared with a year ago. That is the highest rate of core inflation since 1982, surpassing the recent 6.4 percent highs hit in February and March. For the month, core prices were up 0.6 percent.
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago. Core CPI was forecast as rising 0.4 percent month-to-month and 6.5 percent compared to a year ago.
The monthly figures show inflation is accelerating.
So, what do Biden and Pelosi do when this devastating economic news hits the airwaves?
Well, they head to Hollywood for a big donor event with ticket prices as high as $50K per couple.
Can you say disgustingly out of touch?
Breitbart reported that Joe Biden arrived in Los Angeles on Thursday to attend a big-ticket midterm fundraiser for Democrats at a time when his approval numbers are stuck at embarrassingly low levels and more bad inflation news is hammering average Americans.
After attending an event promoting radical leftist L.A. mayoral candidate Karen Bass (D), Biden is expected to join House Speaker Nancy Pelosi (D-CA) at a fundraiser for the Democratic Congressional Campaign Committee, with tickets starting $5,000 per person and rising as high as $50,000 per couple to host, according to a Deadline report.
All attendees must be fully vaccinated, including a booster shot, the invitation reportedly states.
The event will help raise money for Democrat House candidates.
While no celebrity attendees have yet been announced for the event, the fundraiser will be held in Brentwood, an area that is home to numerous stars and other Hollywood elites.
In the past, Biden has typically drawn strong Hollywood support, especially among studio heads and talent agency executives.
The splashy fundraiser comes as American consumers are once again being walloped by soaring prices.
Americans can’t afford food, gas prices are out of control, utilities are skyrocketing, and Biden and Pelosi are off rubbing elbows with their rich, gaudy pals, without a care in the world.
Meanwhile, Americans can’t pay their bills on time, thanks to this cruddy economy, and what does Joe Biden’s idiotic admin have to say about all of this?
Well, they tell us that the economy is doing great, and we’re just in a period of “transition.”
These people think you and I are as stupid and gullible as the average Democrat voter.
Please make sure you’re ready to flood the polls in a few weeks. If we don’t take power away from these radical elites, this country will never recover.
No excuses.
Nobody can sit this one out. You’re either working to save this country, or your helping Demes destroy it.
It’s that simple.
This post originally appeared on WayneDupree.com.
