Please disable your Ad Blocker to better interact with this website.

CommentariesNews

Inflation Running Wild at 8.5 Percent

Inflation is running wild coming in at 8.5 percent since March 2021.

It’s the highest inflation rate in 40 years.

Fox Business reports on the inflation data after its release.

ABC News wrote about the inflation, “US inflation jumped 8.5% in past year, highest since 1981,” and did a newscast on the March inflation data.

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

The cost of many items are increasing in double digits CNBC reported, “Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations.”

Florida Republican Governor Ron DeSantis commented on the inflation rate and why it is happening.

The rise in inflation is adversely affecting President Biden’s approval level as measured in a recent CBS News poll.

Donald Trump Jr. also commented on the latest inflation data.

The surge in inflation is disproportionately harming low, middle and fixed income Americans the most and acts like a punishing tax.

Biden’s policies are causing inflation and because of that, Democrats are going to pay a political price in the midterm elections in November.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

Related Articles