As Mr. Doofus was sucking on an ice cream cone, he managed to slur out that America’s economy was “Strong as hell.”
Thankfully, conservative economic brainiac Stephen Moore has graphed multiple variants of the CPI (Consumer Price Index) to better get a visual of the state of our economy.
Essentially, the CPI is an index that we, the consumers, have to pay for goods and services. Another definition of the CPI would be how much less our spending dollar is worth.
The CPI proper (green line) is the highest of the six. The lowest being the Core PCE (blood red line), which tracks what businesses pay for goods and services.
At the risk of being called out for pointing out the obvious, each and every index has skyrocketed since Bonehead was installed into the White House.
Joe Biden is the Inflation King.
Pass it on. pic.twitter.com/rhDjz66CE5
— Stephen Moore (@StephenMoore) October 17, 2022