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Remember the whole first half of the year when the word “transitory” was on the tip of every Biden administration officials' tongue anytime inflation came up? As we knew then they were full of it, and now all these months later as the most recent inflation report showed the worst consumer price inflation in 30 years, we’re now hearing about the second wave from these same economists.
The second wave isn't about the pandemic, it's about the non-transitory inflation. So yesterday we learned that life costs us 6.2% more today than it did a year ago and that the average American, adjusting for wage gains, has fallen behind financially by 1.2% this year. But wait, there’s more. As in what’s now being called a “second wave of inflation”.
Now you might be surprised to know the first wave had apparently ended, so we can really feel good about the prospects of what a second wave might bring. Elections have consequences. All of them. From our school boards to Florida’s Democrat delegation in Congress to the President of the United States. They’ve all sucked at their jobs and have operated with intellectual dishonestly. We’ve got to do better at the polls next time. We literally can’t afford to it.