Inflation hits 30 year high to become Biden’s latest crisis; Manchin says DC ‘can no longer ignore’ pain
November 10, 2021 | Terresa Monroe-Hamilton
Inflation has officially become the latest crisis to hit the Biden administration as U.S. consumer prices rose at the fastest annual pace in more than 30 years, squeezing American families on food, gas, and energy just before the holidays hit.
A myriad of woes are afflicting Biden as the supply chain bogs down and shortages become prevalent in America. Many experts contend that the current inflation is not “transitory” as Biden asserts and have severe doubts about his claim that the Build Back Better agenda will alleviate inflation.
The consumer price index rose an astonishing 6.2% year over year in October, according to the Labor Department. That is the largest annual gain since November of 1990. Prices reportedly jumped 0.9% month over month.
Senator Joe Manchin (D-WV) is calling out Biden over inflation. He tweeted on Wednesday, “By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.”
more
https://www.bizpacreview.com/2021/11/10/inflation-is-bidens-latest-crisis-as-consumer-prices-reach-30-year-high-manchin-says-dc-can-no-longer-ignore-threat-1161239/
