An article just posted on The Daybreak Insider https://thedaybreakdaily.com/ analyzes the inflation inflicting the United States. Quoting the post, The Labor Department on Tuesday said the consumer-price index—which measures what consumers pay for goods and services—last month rose at its fastest annual pace since December 1981, up from the 7.9% annual rate in February. The rising prices were characterized as “unrelenting, with six straight months of inflation above 6% that is well above the Federal Reserve’s average 2% target (WSJ).”

Senator Ted Cruz placed the blame and responsibility on President Biden. “President Biden’s careless spending has resulted in Americans paying more and more for nearly everything (Twitter).” White House advisor Jesse Lee, realizing that the Administration’s effort to blame Putin was unpersuasive, chose to make an obscene link between Republicans and Putin, declaiming that Republicans are “fully in lockstep in blaming Biden for Putin’s price hike” (Washington Examiner).

Some democrats are rejecting the Administration’s diversion efforts. “Even Democrat Joe Manchin is calling on Biden to stop the Putin nonsense (Hot Air).” The Wall Street Journal editorial board noted that “the inflation trend began in earnest a year ago at the onset of the Biden Presidency. It has accelerated for most of the last 12 months. That’s long before Mr. Putin decided to invade.” The WSJ board elaborated: “The timing reflects too much money chasing too few goods, owing mainly to the combination of vast federal spending and easy monetary policy (WSJ).”

David Harsanyi wrote: “The Biden administration, in fact, spent a year downplaying inflation fears despite the warning signs, contending that inflation was only “transitory,” claiming that “nobody” was “suggesting there’s unchecked inflation on the way — no serious economist.” Intending to make inflation concerns play off class stature, Harsanyi wrote that the Biden Administration “dismissed price spikes as a “high-class” problem, and argued that higher prices might actually be a good thing (National Review).”

Jim Geraghty offered these observations: “Compared to a year ago, you’re paying 48 percent more today for gasoline; 35.3 percent more for a used car; 21.6 percent more for your natural-gas bill; 13.7 percent more for meat, fish, and eggs; 12.5 percent more for a new car; 11.1 percent more for electricity; 10 percent more for food at home; 7.7 percent more for transportation; 6.9 percent more for food away from home; 6.8 percent more for apparel; and 5 percent more for shelter. Americans aren’t in a bad mood just because gas is much more expensive. They’re in a bad mood because just about everything is more expensive (National Review).” Most likely, ‘high-class’ inhabitants such as Bill Gates and Jeff Bezos will not be as affected by ‘low-class’ folks, which is about 80% of our country.