https://www.washingtonexaminer.com/news/washington-secrets/2965121/white-house-report-card-inflation-bidenomics-choking-the-nation/

White House Report Card: Inflation, Bidenomics choking the nation

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Bidenomics has continued to cause inflation which is reflected in the prices of groceries, gasoline and pretty much everything else. Gasoline has gone up to $3.59 per gallon in the town I live in, about 20 cents higher than it was a month ago.

The interest on the federal debt was $1.06 trillion in the first six months of FY 2024. That’s higher than the entire defense budget for the year of $825 billion. We’re going broke fast and President Joe Biden is doing everything he can to accelerate it.

And, of course, Old Joe wants to keep spending recklessly. His new student loan “forgiveness” will cost hundreds of billions. And that, of course, is happening after the Supreme Court told Biden he didn’t have any authority to “forgive” student loans. He’s doing it in defiance of the law, but that’s Joe. (BTW, “loan forgiveness” is only possible when it’s your money that you tell someone he doesn’t have to pay back.) Ain’t Bidenomics great?

And, of course, Biden is still trying to prevent Israel from attacking the last Hamas stronghold in Rafah City. Biden — really, Secretary of State Antony Blinken, national security adviser Jake Sullivan, and whoever else is pulling his strings — want Israel to lose the war Hamas started on October 7. For shame.

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https://www.zerohedge.com/markets/bidens-sticky-inflation-auto-insurance-rates-record-biggest-annual-jump-1976

Biden's Sticky Inflation: Auto Insurance Rates Record Biggest Annual Jump Since 1976

Joe Biden's sticky inflation continues to ravage the working poor as Bidenomics falls flat on its face. The president's ally at the Federal Reserve, Jerome Powell, has yet to achieve the 2% inflation Fed target ahead of the November elections.

As inflation heats up in the first quarter of this year, the cost of driving on American highways is seriously spiraling out of control. Auto insurance in the US increased more than 22% in the 12 months that ended in March, the largest annual increase since 1976, according to Bloomberg.

The cost of owning and or driving a vehicle in the US is absolutely insane. From $1,000 monthly payments to ridiculous repair bills to the average price of gasoline inching closer to the politically sensitive level of $4 a gallon to, of course, skyrocketing auto insurance, the cost of driving is unbearable for some. For others, still near record high prices for used and new vehicles, plus the highest borrowing rates in a generation, continue to worsen the affordability crisis.

For more clarity on what's driving auto insurance rates through the roof. Bloomberg's Keith Naughton explained why in five bullet points:

1. Cars are more expensive to fix:

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2. Electric vehicles are even more expensive:

If your vehicle is battery powered, then the cost to repair it is 22.3% higher than for a traditional car, or $6,806 on average last year, according to the processing company. Even though EVs have fewer parts than internal combustion engine vehicles, they are more costly to fix for a variety of reasons, starting with that big battery underneath the floorboards.

[snip] The result: A battery-powered model takes nearly 50 days to repair, on average, 10 days longer than non-EVs, according to CCC Intelligent Solutions.

Hertz Global Holdings Inc. cited repair costs for EVs that were twice as high as for traditional cars when it decided to drastically scale back its EV rental fleet last fall. [more]

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For those who can no longer afford to drive and must take public transportation.

Remember this quote: [pic related]