The Economy is Fine – Inflation is Only 3%!

Yeah, right.

The CEO of McDonald’s acknowledged a drop in sales due to increased menu prices. Customers have noticed and criticized the price hikes, especially the nearly $18 Big Mac combo. The company aims to focus on affordability in response.

Chris Kempczinski discussed this strategy on an earnings call, highlighting a shift towards making their offerings more affordable in 2024. Despite a 3.4% growth in global same-store sales, it fell short of the expected 4.7%. Rising inflation has particularly affected low-income customers, leading to a decrease in patronage.

Daily Patriot Report – 2/7/24

Since 2020, home prices are up 45%. Car insurance has increased by 36%. 

Some other mind-numbing stats from the Heritage Foundation:

Unless you are one of the elite, jet-set, Davos/WEF “beautiful people”, you know what’s going on. The middle class will soon be completely hollowed out as our federal government borrows trillions of dollars from our grandchildren, pouring it on their friends and oligarchs around the world, while inviting millions of third-world sparrows to our once-prosperous eagle’s nest.

We all know that there are “lies, damn lies, and statistics”. Our current administration is immune to embarrassment when it comes to issuing statistical propaganda. And their partners in crime, big tech and big media, are quick to cover up any bad news before it reaches the “smelly Wal-Mart people” they so detest.

I went to college before they were liberal indoctrination camps. My business and accounting mentor, a very wise and accomplished semi-retired CFO from Boston, taught me a succinct and powerful lesson he called “the test of reasonableness”: whenever you are given a number that someone is using to try to influence you, question it in your mind and apply some simple math. If the rough-cut calculation doesn’t make immediate sense, you are being conned! 

Hey Biden Administration! Credit card debt is through the roof. Nobody can afford to buy a new home. Working-class shoppers pick up an item, see the price, and sadly put it back on the shelf. Your inflation numbers do not pass the test of reasonableness.

Tom Balek – Rockin’ On the Right Side

ENJOY SOME FINE ROCKIN’ BLUES BY JONNY LANG –

Lie to me
It doesn’t matter any more
It could never be
The way it was before


LIE TO ME – Jonny Lang

One thought on “The Economy is Fine – Inflation is Only 3%!

  1. Tom –

    Great article.

    Hey, any chance you will be going to CPAC in DC two weeks. Caryn and I will be there.

    God bless,

    Peter Boddie
    (303) 898-4991

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