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| Economy |
| Biden's Food Inflation Crushes Household Budgets |
| 2023-11-07 |
| [American Greatness] The CEO of Target stores recently explained to CNBC that American consumers cut back significantly, "even on grocery items." He relayed to the business channel that "even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining." Admittedly, few on the political right will shed any tears for the executive suite of Target, a company infamous for its obsession with woke politics. Nonetheless, Target provides a key gauge of overall consumer health. After all, this chain of nearly 2,000 big box stores, with more than 400,000 employees, boasts a market cap value of $50 billion. The reality, as relayed right now by Target — and nearly every other major retailer — is that the U.S. consumer is so afflicted by Biden’s inflation that buying food has become a hardship in 2023 America. In fact, the latest survey results from the battleground swing states of America finds that food insecurity is a foremost worry of American citizens. My organization, the League of American Workers, just commissioned a sweeping poll of the battleground states of Arizona, Wisconsin, Georgia, and North Carolina. Our survey canvassed 800 registered voters from these states that almost surely will decide the 2024 presidential election, and perhaps control of Congress as well. The poll revealed an overall dismal mood in America, with a staggering 77% of voters stating that America is on the "wrong track" vs. only 17% conveying optimism. The main driver of the pessimism is clearly economic anxiety, and only 39% of these battleground state voters gave Biden positive marks on that issue. Even more damning for Biden and the Democrats, among battleground state independents, only 9% say they "strongly approve" of Biden on the economy vs. a whopping 48% who "strongly disapprove." |
| Posted by:Besoeker |
| #8 So maybe now good beer will be available on the shelf for me? |
| Posted by: Glenmore 2023-11-07 15:15 |
| #7 YJCMTSU! "White House: Economy ‘Exceptionally’ Good and People Like Their Finances, But Don’t Feel Confident Due to COVID, War" "White House National Economic Council Director Lael Brainard ...most people “feel like their personal finances are better now than they were before." https://www.breitbart.com/clips/2023/11/07/white-house-economy-exceptionally-good-and-people-like-their-finances-but-dont-feel-confident-due-to-covid-war/ |
| Posted by: NoMoreBS 2023-11-07 12:44 |
| #6 But cheer up we will get a 3.##% SSA COLA 2024 increase. And an increase in Medicare payments out of Social Security. |
| Posted by: Deacon Blues 2023-11-07 10:46 |
| #5 Somehow, the obese can always get enough empty calories. |
| Posted by: M. Murcek 2023-11-07 08:08 |
| #4 Since, when a business wants to Plays Social Politics it costs the customers $$$$$$ as they just passed it on to the consumers. So WHY would I want to help FUND it via 3rd person handout, given our reduced buying power? Because just about all the food on the shelves has had strange ingredient adjustments and tastes odd. Plus with package Shrink-inflation, and the costs are now well up over 21+%. We even turned off the lights, as many others did, for Halloween to save spending $50+ for candy. (about the current cost of 2 family in home meals) Plus House values went up 25+% and SO DID the related taxes on the new value. Plus Home and car Insurance coverage costs went up to cover the increase repair and replacement cost differences. Vehicle Fuel for most of America went up 50+% along with Home heating costs up and etc . etc. etc. But cheer up we will get a 3.##% SSA COLA 2024 increase. If it ain't on Special at 25% off, or better, and does not have at least a Best Buy Date of a year out or better, we stopped buying it. |
| Posted by: NN2N1 2023-11-07 08:01 |
| #3 Trimmed the food. Advanced the high carb beverages. |
| Posted by: Skidmark 2023-11-07 07:26 |
| #2 Empty nesters "under control" here as well. She eats like a small bird. I eat like a carnivorous phorusrhacid, or so she says. |
| Posted by: Besoeker 2023-11-07 06:36 |
| #1 ...We've got our food budget under control - for now, since it's just my wife and I. It wouldn't take much, though. Mike |
| Posted by: MikeKozlowski 2023-11-07 06:27 |