I hate even repeating this ignorant idea, but people should know what the left thinks we should all be doing if we want to save money. For instance, Democrats are blaming the ‘poor’ (Also known as the lower and middle class—Basically the rest of us) for inflation. According to them, Americans are only spending money on essentials and that’s driving up inflation.
Now, the Wall Street Journal suggests Americans skip a meal to save money. I want to believe this article was satirical but given the current climate, it’s poorly curated.
A joke or not WSJ said that because egg price increases were the worst, Americans should just skip that meal completely:
“Several breakfast staples saw sharp price increases due to a perfect storm of bad weather and disease outbreaks—and continued effects from Russia’s invasion of Ukraine.
Egg prices increased 8.5% in January from a month earlier and are up 70.1% over the past year, the highest annual rate since 1973. The deadliest avian-influenza outbreak on record has devastated poultry flocks across the U.S., leading the price of eggs to rise more than any other grocery item in 2022, according to Information Resources Inc. U.S. egg inventories were 29% lower in the final week of December 2022 than at the beginning of 2022, according to the USDA.
Frozen, noncarbonated juices and drinks—a category that includes frozen orange juice—rose by 1.5% in January from a month earlier, and the 12.4% annual increase is the highest in over a decade. Florida orange growers are harvesting their smallest crop in nearly 90 years, the result of a freeze, two hurricanes and a citrus disease that is laying waste to its groves.”
It’s becoming increasingly difficult to ignore the fact that the U.S. economy is in trouble. Prices are skyrocketing, wages are stagnant, and the government is doing little to nothing to ease the burden.
The latest inflation report is another grim reminder of the economic situation. Despite the Federal Reserve’s dramatic rate hikes and the Inflation Reduction Act, the price of breakfast foods continues to soar.
Egg prices are up an astonishing 70.1% over the past year—the highest annual rate since 1973. The deadliest avian influenza outbreak on record has decimated poultry flocks across the U.S., driving egg prices up more than any other grocery item in 2022.
Frozen juices and drinks—including orange juice—are up 12.4% from a year ago, the highest rate in over a decade. Florida orange growers are harvesting the smallest crop in nearly 90 years due to a devastating freeze, two hurricanes, and a citrus disease.
Cereal prices have also skyrocketed, up 15% year-over-year. Coffee prices are mixed—roasted coffee prices were down a bit in January, but instant coffee prices rose by a scorching 3.6%.
The Biden Administration’s insistence that the economy is in good shape is hard to swallow when people’s wallets are being emptied. The unemployment rate may be historically low, but that’s only because fewer people are working or even looking for jobs.
It’s no surprise that many are skipping meals to save money and making do with less expensive food choices. The price increases are so drastic that even the most frugal among us are feeling the pinch.
The blame for this economic mess lies directly with President Biden and his liberal cronies. When he was warned that pouring trillions into an economy that had already recovered from the Trump years would cause inflation, he ignored the advice and now we’re all paying the price.
Erica Carlin is an independent journalist, opinion writer and contributor to several news and opinion sources. She is based in Georgia.