Facts vs Myths Who s to Blame for 2022 s Record-High In HEAD TOPICS
Facts vs Myths Who s to Blame for 2022 s Record-High In
10/21/2022 4:00:00 PM This blog was written by Content Intern Rose Mercer Lean Left bias and News As
Source AllSides
MISINFORMATION WATCH: As inflation continues to rise, politicians media outlets have claimed one specific individual, or action is to blame. The truth is more nuanced. This blog was written by Content Intern Rose Mercer Lean Left bias and News As Inflation has often been described as a hidden tax on living, penetrating into even the most routine aspects of life that are normally insulated from the actions of political brass and economic heavyweights. Especially if wages do not increase parallel to inflation, which they almost never do, it can be particularly damaging to Americans' spending power. And with U.S. inflation reaching record highsseveral times this year, the issue is back at the forefront for voters.The situation has also created a giant blame-game. One claim that we hear often is that inflation can be attributed to the actions of one individual or group.Specifically, many people have claimed that Joe Biden, Vladimir Putin, or Jerome Powell is primarily to blame for high inflation. Read more:
AllSides » Seattle And Portland Have The World's Worst Air Quality Due To Wildfire Smoke Record-High Temps Reported in Parts of San Diego County Democrat Incumbents Refuse Responsibility for Fueling Record Inflation As Economic Concerns Rise, Executives Are Reporting Record-High Stress—And Defaulting To Old Office Habits Tina Forte Clueless AOC is out of touch Prime News
Candidate for U.S. Representative in New York, Tina Forte calls out opponent Alexandria Ocasio-Cortez for her refusal to debate, her radical leftist policies... Read more >> Seattle And Portland Have The World's Worst Air Quality Due To Wildfire SmokeDry conditions and record-high temperatures have fueled wildfires blanketing the Pacific Northwest in smoke. I thought I was looking at New Delhi for a second. lauferlaw It’s bad. Oh okay, so it is wildfire smoke. Makes sense. Record-High Temps Reported in Parts of San Diego CountyAn October heat wave brought record-high temperatures in parts of San Diego County, the National Weather Service is reporting Thursday. Democrat Incumbents Refuse Responsibility for Fueling Record InflationFour embattled Senate Democrat incumbents have set a pattern of refusing to take responsibility for soaring inflation and gas prices that have occurred in record-setting fashion under their leadership. Cowards Did they vote? How did they vote? Did they propose any bills? Any effect? Or did they just nod in Nancy’s shadow? Of course not!! They'll spend your money, then turn around and blame you for 'giving' them the money, in the first place As Economic Concerns Rise, Executives Are Reporting Record-High Stress—And Defaulting To Old Office HabitsThe latest quarterly survey released Thursday from Future Forum, a research consortium backed by Slack, finds that even senior executives’ sentiments about work are falling now, and it’s prompting them to fall back on old norms about where and when people work. jenamcgregor OutOfMySystem As Economic Concerns Rise, Executives Are Reporting Record-High Stress—And Defaulting To Old Office HabitsThe latest quarterly survey released Thursday from Future Forum, a research consortium backed by Slack, finds that even senior executives’ sentiments about work are falling now, and it’s prompting them to fall back on old norms about where and when people work. sistant Ethan Horowitz (Lean Right bias).By Assignment editor, HuffPost Oct 20, 2022, 04:30 PM EDT.and pick your alerts.October 20, 2022 In turn, Gen. Inflation has often been described as a hidden tax on living, penetrating into even the most routine aspects of life that are normally insulated from the actions of political brass and economic heavyweights. Especially if wages do not increase parallel to inflation, which they almost never do, it can be particularly damaging to Americans' spending power. And with U. It was 57 in Lake Cuyamaca, breaking the record of 54 set in 2018.S. inflation reaching record highs several times this year, the issue is back at the forefront for voters. “Look at what has happened to New Hampshire: historic inflation, people are hurting, they can’t afford the necessities of life,” he added. The situation has also created a giant blame-game. One claim that we hear often is that inflation can be attributed to the actions of one individual or group. Specifically, many people have claimed that Joe Biden, Vladimir Putin, or Jerome Powell is primarily to blame for high inflation. There’s no fair way to just blame one person for inflation, and putting all the blame on one actor is a form of misinformation. Let’s evaluate where these claims fall short. (Win McNamee/Getty Images) Sen. People Who Blame Biden Say -The Biden administration spent too much money on COVID relief -The American Rescue Plan was not worth the inflation it caused -Biden is to blame for the mistakes of the Fed . People Who Blame Putin Say - Putin’s invasion of Ukraine is the main catalyst of inflation -The war in Ukraine has hiked the prices of oil, wheat, and other commodities, driving inflation People Who Blame Powell Say - Powell should have raised rates and tapered asset purchases earlier -The Fed’s inconsistent communication has contributed to inflation - Powell and the Fed have lost the trust of the American people Before we begin to unpack some of the myths regarding who is at fault for the recent increase in inflation, it is important to first understand what inflation is, how it manifests in the economy, and how different forces have influenced current inflation levels. Table of Contents .