Is it you, or someone you care about, struggling to make ends meet with rising inflation costs? Stephanie Ruhle (NBC business correspondent) says that inflation is a serious problem. Sunday today, the “dirty little secret” is that the American public can afford inflation just fine and they’re just bellyaching. To survive winter, you might need to sell your house or tap into your 401K.
Ruhle made a statement in which she acknowledged that inflation reached an all-time high at 6.2 per cent. Holiday shopping was less expensive, gasoline prices rose 60 percent and heating costs would rise by approximately $500.
“Willie is the little known secret. [Geist]Although nobody loves to pay more, most people have the means to afford it.,” she declared. And Ruhle’s ranting was prefaced by her suggestion that she needed “Put this into perspective.”
According to her, “Over the pandemic, household savings reached a new record. It was impossible to find places to shop. As we stated, retail sales are expected to surpass all records this holiday season..”
How much income could the many millions of Americans that lost their jobs due to the lockdowns have they been able to save for? NBC actually made a lot of money during the pandemic. a disgusting habitIt involved pushing for small business closures with a lot of force and then releasing reports that showed the devastation and pain caused by those policies, such as long lines at food pantries and the fear of being locked down. Something this author dubbed “despair porn.”
Inflationary effects would also boost holiday sales.
“The value of homes is rising for those who are homeowners. While the stock market may not be the economic engine, there are over half the American households that have some investments in the markets. The markets have reached record highs.,” she followed up.
But those aren’t the most liquid of assets. So, is Ruhle’s advice for people to sell their homes or to take out a loan on them to afford to eat? How about people who rent? How about the renters who were dependent on the eviction moratorium
These investments are usually retirement savings, which is why they should be kept in reserve for the future. Her advice to viewers is that they should tap their 401Ks earlier and pay more in taxes and penalties.
Her argument was also that certain demographics received more money than others.
It’s the reason you can see expanded tax credits for children. You’ve got the families of over 60 million kids on average getting $430 a month. Fixed income people, such as older individuals on Social Security, will be receiving fixed payments that are adjusted to inflation or 5.9 percent next year.
However, the child tax credit is lost when food prices rise. Price percentages for some basic food products have risen by teens. And those upped Social Security payments weren’t helping NOW, plus they didn’t cover the full cost of inflation.
This segment came the same day ABC’s Good Morning AmericaRolled out a new pollWith The Washington Post where they found President Biden’s approval rating was down to 41 percent and 70 percent said his handling of the economy was atrocious.
That’s the crux of her report: trying to spin things for the administration to save them from themselves while trying to gaslight the public.
NBC’s tone deafness against the plight of Americans struggling to make ends meets was made possible because of lucrative sponsorships from Progressive, TylenolPlease see the following: The AARP. This link will take you to their contact information so that you can inform them about the bias news they finance.
You can find the transcript below. To read it, please click on “expand”.
NBC’s Sunday today
November 14, 2021
Eastern 8:21:01WILLIE GEIST – Stephanie is now joining me live. Steph, it’s great to see you. You mentioned that inflation has risen to six percent. These are numbers we haven’t seen for over 30 years. How much can they go up and when will they fall?
STEPHANIE ROHLE: Willie – Nobody knows the exact time they are going to drop, but this is something you need to consider. The government correctly predicted that this inflation would not be in isolation. It was a difficult recovery. Recovery all linked to COVID.
It’s the reason you can see expanded tax credits for children. You’ve got the families of over 60 million kids on average getting $430 a month. People on fixed income, seniors on social security receive fixed payments that are adjusted to inflation at 5.9% or more for next year.
Willie: While no one likes to spend more than they have to, we all have enough money on average to make it worthwhile. The pandemic saw record-breaking household savings. It was impossible to find places to shop. We also expect record retail sales for the holiday season, as we mentioned a moment back. The value of homes is rising for those who are homeowners. Although the stock markets are not the economy, over half of American households have invested in the market and they have seen record levels.
We need to see all this from a different perspective. Last year when Willie and I talked, there was no vaccine. We now have 200 million Americans who own vaccines. This push for demand is driving up prices.
GEIST: It’s a good look at it.
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