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The president is attempting to distance himself from his own substantial contributions to record gas prices and inflation.
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Watching the displays on a petrol pump while filling your car's tank might cause a panic attack. Buying a secondhand automobile nearly always necessitates taking out a second mortgage. In terms of mortgages, the middle class is being priced out of the housing market as house prices continue to rise. Many price hikes have gotten out of hand.
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The federal government must maintain interest rates low in order to continue borrowing billions of dollars for continuous 'relief' programs and new wars.
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After NBC's Lester Holt pointed out that President Biden incorrectly predicted that rising inflation would be transitory, Biden referred to Holt as a 'wise guy'.
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Since the Federal Reserve began taking a more active role in regulating aggregate demand during World War II, it has lowered its price stability aim and shifted its emphasis toward employment and higher inflation.
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A pandemic parable and a Hispanic hit job
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It's difficult to think of a contemporary presidency that has disintegrated as quickly as this one.
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According to reports earlier this week, the White House has been working with major media outlets to redefine the narrative around Joe Biden's budding economy. The plot quickly paid off, with sources like as CNN, MSNBC, and CNBC suggesting that the administration was being treated unfairly.
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Due to rising prices, getting the day started became significantly more expensive in November.
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Congress should study the history of large infrastructure projects, which has been defined by exceptional delays and cost overruns.