Gov. Ron DeSantis (R-FL) called inflation “an invisible tax on the American people.”
The remarks come as year-over-year inflation in the United States <a href="https://apnews.com/article/business-consumer-prices-inflation-prices-e80c0c24a6ec5ca1c977eccd6294d01b">surges</a> to 5.4% — and as Amy Baker, coordinator of the Florida legislature’s Office of Economic and Demographic Research, tells lawmakers that high inflation is transitory.
“Whenever you flood that much money into the economy, it always has some perverse effects with it, but that would be transitory, too,” she recently <a href="https://floridapolitics.com/archives/464781-inflation-employment-pains-on-watch-as-florida-continues-besting-economic-projections/">testified</a> to members of the Florida legislature. “I believe within the year we should see it come back to some more normal, stable level.”
During an October 15 press <a href="https://www.wesh.com/article/gov-desantis-to-deliver-update-from-naples/37973029">conference</a> in Naples, Florida, DeSantis asserted that inflation is more pervasive than most economists are willing to admit.
“This inflation is real. This inflation is upending a lot of things,” he said. “They said it was just going to be transitory — it’s not transitory.”
“You look at how much things have gone up year-over-year — these are stiff increases, and it’s basically an invisible tax on the American people.”
<blockquote class="twitter-tweet">
Bidenflation: &#8220;An invisible tax on the American people&#8221; <a href="https://twitter.com/GovRonDeSantis?ref_src=twsrc%5Etfw">@GovRonDeSantis</a> today <a href="https://t.co/SnSH4qB5uV">pic.twitter.com/SnSH4qB5uV</a>
— Christina Pushaw (@ChristinaPushaw) <a href="https://twitter.com/ChristinaPushaw/status/1449080814877257734?ref_src=twsrc%5Etfw">October 15, 2021</a></blockquote>
Indeed, many Americans are beginning to feel pressure from the rising price levels.
According to a recent <a href="https://www.dailywire.com/news/survey-7-in-10-seniors-worried-about-inflations-impact-on-retirement-savings">survey</a> of over 1,000 elderly investors with more than $250,000 in assets, 71% believe that rising inflation will negatively impact their retirement savings. Likewise, 46% of those with fixed income investments worry that low interest rates will impact their retirement income.
Data from the Bureau of Labor Statistics <a href="https://www.dailywire.com/news/thanks-to-inflation-american-wages-drop-by-nearly-2">confirm</a> that the average American’s real wage is falling due to inflation. The agency recently reported that “average hourly earnings” in the United States increased by 3.6% between June 2020 and June 2021. However, when considering inflation — specifically through the Consumer Price Index, which rose by 5.3% over the same period — “real average hourly earnings” diminished by 1.7%.
Meanwhile, White House Chief of Staff Ron Klain <a href="https://www.dailywire.com/news/bidens-chief-of-staff-agrees-inflation-a-high-class-problem">alleged</a> that rising inflation is only a “high-class problem.”
Jason Furman — a Harvard University professor and former chair of the Obama administration’s Council of Economic Advisers — tweeted: “Most of the economic problems we’re facing (inflation, supply chains, etc.) are high-class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem.”
Signaling agreement, Klain retweeted the post with the caption: “This.”

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

DeSantis On Bidenflation: ‘An Invisible Tax On The American People’

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News and Analysis

Inflation

Joe Biden

Ron DeSantis

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News and Analysis —

DeSantis On Bidenflation: ‘An Invisible Tax On The American People’