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February CPI Increases 7.9%, Highest in 40 Years, As White House Intensifies Spin To Blame Putin For Gas Increase

February CPI Increases 7.9%, Highest in 40 Years, As White House Intensifies Spin To Blame Putin For Gas Increase

Another month with record-breaking inflation. No, Biden. You cannot blame this on Putin.

The Consumer Price Index (CPI) increased by 7.9%, which is the highest in 40 years.

Try as you might, Biden, but the majority of these stats came in before Russia enhanced its invasion of Ukraine.

Also, inflation has hit record highs every single month since last year.

Food and energy helped catapult the CPI to another record high. But removing food and energy, which are considered volatile, the CPI barely budges because everything went up:

The 12-month rates aren’t adjusted for seasonality. The CPI measures what consumers pay for goods and services, including groceries, clothes, restaurant meals, recreation and vehicles. Month to month, CPI rose a seasonally adjusted 0.8% in February.

Gasoline prices were up a seasonally adjusted 6.6% from the prior month, for an unadjusted annual increase of 38%. Groceries were up 1.4% over the prior month for an annual rate of 8.6%. Housing-rental costs rose at a slower rate, up 4.7% over the year. Used-car prices declined slightly last month, pausing double-digit price increases over the past year.

The Russia-Ukraine war will not help, but the Biden administration cannot blame this on Putin.

We know Biden and his lackeys know they’re wrong because they have to keep explaining to everyone why high prices, especially gas, are Putin’s fault. Try to salvage brain cells reading this thread.

They just want to push their stupid green energy plans. Do you know what you need for electric cars? Natural gas and coal. They obviously don’t understand that.

Wind energy? You need petroleum to build those windmills. You need petroleum to make those solar panels. You need petroleum for everything you use. Petroleum is used to make the device used by the person who tweeted out that gross thread.

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Comments

OwenKellogg-Engineer | March 10, 2022 at 7:24 pm

Tell a lie long enough……

Presidents… typically are not doing a lot of presidenting, either.

    Arminius in reply to henrybowman. | March 11, 2022 at 7:25 am

    Thank God. Trudeau hasn’t met an anti-American dictator he doesn’t love. But a bunch of truckers object to a mandate. Not against a vaccine, mind you. But against vaccine passports. He goes to the mattresses.

    The Truedeau Canadian left isn’t any different from the Pelosi San Francisco left.

    My enemies are closer to home.

Putin is now the Dems’ designated Emmanuel Goldstein. At least through the midterms.

Ron DeSantis may be called in as a sub on occasion. To add a little variety to the Dems’ daily 24 hour hate.

But there is little doubt Trump will be make a comeback and resume the title well before 2024.

This is Obama/Soros’ third term. All this chaos, all this damage: it’s intentional.

And we hired McConnell and Graham to protect us.

The stenographers at the old buildings where journalists used to work are busy writing up the latest lyin’ biden* narrative for the sheeple to baa out to all their sheeple friends.

Redistributive change, a progressive condition, with 50 shades of shared, shifted responsibility.

The green utopia simply isn’t attainable with current or even near term projected tech. The Europeans are further down this path and Germany further than most. Germany has a daily peak demand for 90 GW of electricity. They have 65 GW of Wind capacity and 60 GW of solar capacity. They have a spare 35 GW of production capacity, problem solved right? No.

In the evening demand is 50 GW. When the sun sets and wind dies down production from wind and solar drops to 5 GW. They literally can’t keep the lights on with solar and wind. So the obvious answer from greens is build storage; batteries. Ok but how many batteries? Located at point of use or grid level? Answer is about two weeks of peak usage is needed to get through the most reasonable expectations of weather patterns. So 90 GW x 14 days = 1,260 GW of storage. To give an idea of how much that actually is, I have seen estimates that Tesla has produced a total of 40 GW of battery storage cumulatively. Not per year, 40 GW since they began.

    MattMusson in reply to CommoChief. | March 11, 2022 at 11:49 am

    EV’s require 13 critical metals from 13 different supply chains, half of which go through Russia.
    Without Russian Nickel and Zinc, you don’t have any new Teslas. And, you don’t get any new
    giant Wind Turbines without Russian Nickel, Zinc or Copper.

      Arminius in reply to MattMusson. | March 11, 2022 at 2:14 pm

      These greens are geniuses, aren’t they? Their brilliant solution for solving our dependence on foreign oil? Dependence on foreign minerals.

      Of course, those foreign, hostile sources aren’t the only sources. We could exploit our own resources. But then, hell, if we could exploit our own resources we’d be swimming in cheap oil.

      CommoChief in reply to MattMusson. | March 11, 2022 at 3:44 pm

      That and mining for the components needed for current and planned battery tech are not exactly what environmentally friendly nor do the folks running the mines care one whit about anything other than production.

Welcome to The Great Fillin Station Holdup of 2022

Just to be clear, the gas price chart shows when joetato was sworn in as the start of the rise. In reality, gas was at a bottom until joetato was fraudulently declared the winner. Gas immediately began rising.

Just a friendly public service announcement:

You need food stocks on hand. As a backup for shortages and as an investment and hedge against the inflated prices that are absolutely going to continue to rise. I’m expecting food prices to be a minimum of 25% higher by the end of the year.

If you food is expensive now…

I didn’t know that Putin voted for the American Recovery Act or the Bipartisan Infrastructure Bill.

We have an Alzheimic old fart for a president and a halfwit for a vice president. Arm up. Stock up.
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