American Reality? The Looming Acceleration of Inflation

By flydragon @ Shutterstock.com

Newt Gingrich reports on the average price of various commodities in May 2020 under President Donald Trump compared to those in May 2021 under President Joe Biden. Below are the staggering numbers:

  • Gasoline: $1.77 under Trump / $3 under Biden
  • Lumber: $332 per 1,000 board feet under Trump / $1,570 per 1,000 board feet under Biden
  • Home Sales: $283,500 under Trump / $329,100 under Biden
  • Coffee: $0.96 a pound under Trump / $1.50 a pound under Biden
  • Wheat: $5 a bushel under Trump / $7.42 under Biden
  • Corn: $3.19 a bushel under Trump / $7.22 a bushel under Biden
  • Copper: $2.33 a pound under Trump / $4.76 a pound under Biden

The Biden administration is celebrating ending the Keystone Pipeline System and enacting other job-killing policies. BRIGHT editors note that Americans, however, are experiencing a different reality.

Meanwhile, Dick Young reminds me this morning while he was steeping our increasingly expensive Morning Joe that the 90-day Treasury rate is a John Belushi-like 0.00 percent. Yes, from “Animal House.” No matter how you look at it, it’s still zero.

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Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.