The May inflation report came out today, and it’s yet not good at all:

Consumer inflation ticked up one full percent in May, according to new data from the Department of Labor released Friday morning, meaning inflation in the last year has soared 8.6 percent as rising costs blew past consensus estimates that inflation would only increase 0.7 percent to remain even with April’s 8.3 percent year-over-year increase.

May’s inflation report is the worst for consumers since December 1981, coming the same week President Biden continued to claim that he was leading the United States in its best recovery in history.

Inflation is hitting everywhere:

Earlier today Biden economic adviser Brian Deese predictably blamed the record gas prices on Vladimir Putin, but a different White House economic adviser said on CNN that the president does have a plan, even though it doesn’t sound like one:

Wait, what?

If this administration does have a “plan,” it’s to destroy the economy, and they would be succeeding at it so far.

Not even CNN can ignore this particular dumpster fire anymore.



NYT reminds us that the *real* victim of worsening inflation is Joe Biden

OOF, painful! SMART thread explains why Biden’s extremely low numbers are even WORSE than we thought, especially compared to Trump