In his State of the Union Address, President Joe Biden stated that inflation was falling. New figures show that Biden is full on the usual malarkey. Yesterday, I attempted to fill up my car with gas but was denied by the escrow.
I don’t want a new car. This is something many Americans look forward to, but it’s increasingly out of reach for many. The average American car cost has jumped to almost $50,000.
This represents a 33% rise since 2019. Worse yet, your monthly payments for that new car you’ve always wanted will be $777.
A CarEdge expert Zach Shefska stated that “every aspect of buying and owning a car has become more costly” despite inflation.
The average monthly payment for a used vehicle loan is $544. It’s not $700 per month.
Biden’s inflationary cloud is a silver lining – if your company makes cars, it has a positive. GM’s adjusted earnings grew by about $200 million to $ 14.5 billion. Tesla’s 2022 annual profit was $12.6 Billion. However, it did not meet its sales forecast. Its revenues rose 51 percent over 2021.
It should be pleasant.
GasBuddy predicts that gas prices will rise in the next few weeks. “Gas prices in my region of the West are already on the rise. After falling to $3 last summer, Colorado’s average gallon of regular gas has returned to $4.
A gallon of gasoline in California is cheaper than the cost of 12 eggs elsewhere in the state, but they are still less expensive than the price of regular eggs. Since the BLS started tracking eggs over 40 years ago, this is the first time eggs have exceeded ground beef’s price.
Higher prices are found in states such as Colorado, where Democrats passed strict laws about how chickens should live. Jumbo sizes are more expensive.
“The rate of inflation in home prices has slowed down. ”
Joe Biden’s inflation tax makes everyone poorer by forcing us to buy the same food, cars, and houses as we did before his spending orgy.
The Left is winning its war on the American middle class through attrition.