Inflation Soars to 41-Year High, While Democrats and Mainstream Media Focus On J6 Primetime Show Trial

WILLIAM A. JACOBSON JUN 10, 2022 10:55 AM

I stayed true to my promise, I’m Not Watching The Made-for-TV J6 Show Trial Narrated By Hoaxers, Liars, and Leakers, which as I wrote is just a political distraction from the intentional gutting of the country:

The southern border is effectively open, we have lost our sovereignty as a nation. Food prices and gas and other measures of inflation are out of control.

Sure enough, this morning brought an inflation report that shows the damage from Bidenomics. CNBC reports:

• The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
• Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
• Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.
• The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

Here are more details:

Overall CPI: +8.6% since last yearGas: +48.7%Fuel Oil: +106.7%Meat, Poultry, & Fish: +13.1%Milk: +15.9%Eggs: +32.2%Coffee: +15.3%Used Cars: +16.1%Airline Fares: +37.8%Real Average Hourly Earnings: -3%

This is a record-setting presidency:

It may be worse than reported:

There is no silver lining:

I wonder what Wag the Dog theatrics the Biden administration and Democrats will come up with to distract from devastating economic news released today.

Meanwhile, the state-run media:

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