Bidenomics Inflation on Amazon Prime Day
Cost of living is high, which makes buying on sale more important
Amazon Prime Days– the annual summer sale– are Amazon Panic Days for me. I’ve spent the past 36 hours scrolling and clicking through the website to figure out what products I use regularly or think I’ll need that are on sale.*
While I’ve been determining the regular prices for Tide detergent and protein bars, Pres. Joe Biden is celebrating good economic news.**
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A new report Wednesday showed that annual inflation is down to 3% from 9% this time last year.
“Good jobs and lower costs: That’s Bidenomics in action,” said the president in a statement. He tweeted, “We’ve made this progress while unemployment remains near record lows. That’s Bidenomics in action.”
But Bidenomics inflation doesn’t mean things cost less.
High Cost of Living
Sen. Minority Leader Mitch McConnell explained how inflation has affected our daily lives in a list of how much more everything costs since Biden has been in office, like these:
Grocery (food at home) prices have increased 20%.
Gasoline (all types) prices have increased 52%.
Furniture prices have increased 18.8%.
Apparel prices have increased 10.8%.
Politics of Prices
These huge, double-digit price increases are why I’m panic buying on Amazon. And I’m not alone in my worry about everyday living expenses. Pollster Patrick Ruffini tweeted the chart below and said:
Likely 2024 voters disagree that we should no longer be concerned about the alarming and abnormally high rate at which prices have risen since Joe Biden became president. The cost of living is the #1 concern and it's just as high as it was a year ago.”
I have 25 things sitting in my Amazon cart with five hours to decide if I need to buy any of them now to save money long-term. I may leave it all behind and pay more later to avoid this mass hysteria.
Will we ever get back to the cost of living before Biden took office?
*Last year, I wrote for you my favorite gadgets from Amazon, click below. I looked at my list, and I still use all these things every day. None are expensive. They are all on sale again this year.
**I highly recommend using the CamelCamelCamel website before buying things on sale on Amazon to see historical prices. This prevents getting tricked into sale alerts for prices that were artificially raised recently.
**I bought the maximum amount (three) of this flavor of Quest protein bars that I eat every day, but the sale ended. The other flavors were ruined when the company “improved” the product last year.
Did you buy anything on Amazon Prime Days?