An economist says the average American family has effectively lost more than $7,000 due to inflation and higher interest rates since President Joe Biden took office.
The consumer price index, a key inflation measure, increased 0.1% in November, up 7.1% from November 2021, the U.S. Bureau of Labor Statistics reported Tuesday. The figure marks a slowdown in rampant inflation, but not a reversal of the trend that has caused prices for everyday goods like food and gas to ratchet up in recent months.
In a CNN interview with Anderson Cooper that aired in June, Barack Obama weighed in on perceived GOP anxieties. Instead of worrying about the economy and climate change, worries he thought appropriate for Republicans, “Lo and behold,” he told Cooper, “the single most important issue to them apparently right now is critical race theory. Who knew that that was the threat to our republic?”
I would argue that critical race theory, CRT for short, is not only a threat to the republic but also a threat to our families. Obama has already shown the damage that race can inflict on family, starting with this own. In March 2008, with his campaign floundering after the toxic Rev. Wright tapes surfaced, Obama played the CRT card to salvage his candidacy.
During a critical speech in Philadelphia, Obama reminded his audience that “so many of the disparities that exist between the African-American community and the larger American community today can be traced directly to inequalities passed on from an earlier generation that suffered under the brutal legacy of slavery and Jim Crow.” This was pure CRT. The fact that none of Obama’s relatives descended from slaves went unmentioned.
by Michael Bastasch The federal regulatory apparatus imposed a roughly $14,600 “hidden tax” on American households last year, according to a new report by the Competitive Enterprise Institute (CEI). “That amounts to 20 percent of the average pretax income of $73,573, and 24 percent of the average expenditure budget…