In Bloomberg/Morning Consult poll in Pennsylvania, it's still the economy, stupid: More important to women voters than abortion by 29 points, the cost of everyday goods being the most important economic factor

 The women shop. The women remember.

The massive poll results for seven swing states is available here.

The women think Trump is the one to fix it, by 11 points.

 

 

Gasoline averaged $2.48825/gallon for the four years 2017-2020, which Obama infamously said was impossible

Add in 2015 and 2016 and it averaged $2.42383.

In October 2023 under Obama 2.0 Americans pay 56% more than that.

 

In October 2023 it still costs 24% more to keep the lights on at home than it did on average for the four years 2017-2020

 

In October 2023 it still costs 33.26% more to heat your home with natural gas than it did on average for the four years 2017-2020

 

Dim bulb Jonathan Martin says Joe should heave Bidenomics into the dumpster just as broad inflation tanks from 3.7% yoy in September to 3.2% yoy in October

Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave “Bidenomics” into the dumpster. Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic.

Here’s How Biden Can Turn It Around

Joe would be well on his way to re-election right now if he weren't shooting himself in the foot with his stupid green energy policies, which are keeping inflation from coming down harder than it already is.

That's what needs to go in the dumpster.

The gas and electric utility Consumers Energy here in Michigan is price gouging under Green Energy Joe, yours probably is too

Compared to November 2020, my new budget plan payment for combined natural gas and electric for the coming winter will be 42% higher than it was three years ago, despite the fact that natural gas prices have normalized almost to the penny.

Electricity is up 25% since Green Energy Joe got elected and isn't coming down, but that can't account for it since I consume far less electricity than natural gas on an average basis. More than 65% of my energy consumption in kWh is from natural gas in the last year, as it is every year, less than 35% is from electricity.

A 25% increase to 35% of my old bill would result in a total payment today less than 9% higher. Instead it's 42% higher.

Remember that the utility uses natural gas to generate the electricity, too, and it's paying normal prices today for the gas, not the inflated prices of the recent past.

There's no excuse for the extra cost I'm paying.

The utility is price gouging.

 

 

 

Overall inflation reversed course and ticked higher in August 2023 on a monthly jump in overall energy prices

 Overall inflation jumped up to 3.7% year-over-year and 0.6% month-over-month on a 5.6% jump in overall energy inflation month-over-month in August 2023.

Month-over-month, electricity was up 0.2%, gasoline was up 10.6%, piped utility gas was up 0.6%, fuel oil and other fuels were up 8.4%. Meanwhile food was up 0.2%.

Core inflation (overall inflation less food and energy) increased mom 0.3% and is still running 4.4% yoy.

Services inflation is still running high at 5.4% yoy, less rent of shelter at 3.1% yoy.

Shelter inflation rose mom 0.3% in both measures, and 7.2% yoy seasonally adjusted.

Going forward I expect inflation pressures to persist because of Biden administration green energy fantasies and hatred of fossil fuels combining with OPEC+ production cuts continuing indefinitely. 

Another inflation report is out, the data are bad, but they're trying to spin it that inflation is moderating

 The government's chief inflation measure, so-called core inflation which excludes food and energy (third graph), ticked down to 6% in November. Big whoop. Core inflation has now averaged 6.3% throughout 2022, and was actually slightly lower year over year for two months in the summer than it was in November.

The Fed is failing in its effort to bring inflation down, plain and simple.

Higher prices are the new normal.

Meanwhile food inflation is up 12% year over year after peaking above 13% in the summer. Under Trump food inflation was practically non-existent, but Americans have been forced to cope with it month after month for over a year now, with no end in sight.

And energy inflation year over year has been north of 13% for 21 consecutive months. Go ahead. Count 'em. Under Trump we actually had energy disinflation because his administration, unlike Biden's, enthusiastically supported fracking.

Rising food and energy costs are absolutely core, especially when they deliver a one-two punch to the gut like this.

The people hardest hit don't have a voice, however. They never do. The chattering classes are doing just fine, and all they want to talk about is nonsense. Their lot is with the profiteers from inflation, not with the bottom half of the country.

The poor get poorer.

Same as it ever was.

The Consumer Has Been Wiped Out By Food And Energy Inflation Since 2007

energy inflation up 7.75%

food inflation up 15%

average hourly earnings up 14.1%

Average hourly earnings for all employees are up 14.1% from November 2007 to November 2013, but energy inflation is up 7.75% and food inflation is up 15% over the same period.

You can't eat a cheaper iPhone.