"Corporations are raising prices 5 TIMES faster than inflation” (Senator Bob Casey, democrat)
Photo above - this is NOT Senator Bob Casey, democrat from Pennsylvania. It's Senator Johnny Iselin, from the classic film "The Manchurian Candidate".
Finally (!!) actual democrats are coming around to what I've been saying for over a year. Inflation is tremendously higher than the official numbers. In the link below, Senator Bob Casey (democrat, Pennsylvania) says prices are going up 5 TIMES as fast!
If this is true, it means the official government inflation rate (3.7% last month) is actually closer to 20%. Which, if you think about it, might match what you personally see. Gasoline. Rent. Home prices. Restaurant meals. All the stuff the government says is “too volatile” to be counted in their official CPI data.
Bob Casey is calling President Biden out on this, although not by name. In fact, Senator Casey certainly wants everyone to re-elect Biden. Casey appears to be campaigning against “corporations”. Stop laughing. This is literally true. Actual quote: “Corporations the reason why prices are going up 5X faster than (Biden's) inflation rate”
This sort of logic opens the door to all sorts of political possibilities, when using statistics. We can soon expect to see candidates spamming us with the following angles:
- Homelessness is 5X the official rate. Corporate America isn't building enough houses (progressive spin)
- Illegal immigration is 5X higher than reported by the border service. Border agents aren't shooting enough gang and cartel members climbing the border fence. (MAGA spin)
- Drug deaths are 5X higher than official data. The government isn't legalizing narcotics fast enough. (Anarchist/state sponsored troll spin)
The possibilities with Casey-nomics campaigning are endless. No matter where you are on the political spectrum, the government has given you an opening because nobody believes the official data anymore. (Except possibly PBS, which is funded by the US government).
A reward if you've read this far: Yes . . . today's column is (somewhat of) a satire. Bob Casey certainly never made any price studies of his own. He's just a demagogue trying to stir up more class warfare in America. I'll stop short of claiming that he's a Manchurian Candidate-style foreign controlled puppet. But clearly Senator Casey is confused, incoherent, and an opportunist.
Casey's bizarre claim doesn't mean inflation is 5X higher than what the Biden administration is reporting, though. My guess . . . from looking at home listings, gas and other stuff . . .is that inflation is running about twice as high.
I'm just sayin' . . .
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