With only days left until the midterm elections, the advertising blitz from the political spin doctors has reached a fever pitch and the sound bites we’re hearing aren’t very sound, especially the ones from the White House on the economy. But heated rhetoric is hardly a replacement for facts and figures so, to borrow a phrase from the show Dragnet, let’s discuss “just the facts, ma’am.”Read More
Tag: cost of living
Kari Lake Slams Katie Hobbs for Not Supporting More Tax Cuts as Inflation Continues to Soar
New data shows that inflation continues to rise for consumers across the country, and in response, Arizona’s gubernatorial Republican nominee Kari Lake slammed her Democrat opponent Katie Hobbs for not supporting more tax cuts in the state.
“Today’s skyrocketing inflation data is another tragic reminder of the damage Democrats like Katie Hobbs and Joe Biden have done to Arizona’s economy. Arizona families can’t keep up with the soaring costs. I have a plan to provide some immediate relief by eliminating taxes on groceries and rent, which Katie Hobbs obviously opposes because she’d rather tax you than help you. It’s unfathomable that Katie Hobbs wants Arizonans to pay tax on top of these already crushing prices, but not surprising coming from the party of Joe Biden,” Lake said in a statement emailed to the Arizona Sun Times.Read More
Commentary: (Not) Sorry Democrats, Abortion Won’t Save You
The desperate attempts by the White House, congressional Democrats, and the corporate media to refocus voter attention on abortion rather than inflation are failing. Most reputable polls show that the electorate is far more concerned about mismanagement of the economy by President Biden and his collaborators in Congress than about threats to reproductive rights posed by “MAGA Republicans.” Contrary to Democratic hopes, November won’t be about abortion vs. inflation. The midterms will be a referendum on Biden’s performance, particularly as it affects inflation.Read More
A Majority of Americans Say They Are Falling Behind the Cost of Living: Poll
Newly released polling data shows that the majority of Americans report they are falling behind the cost of living.
NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy.Read More
Arizona and Florida U.S. Representatives Introduce Bill to Fight Inflation, Boost Retirements
Rep. David Schweikert (R-Ariz.-06) is concerned that Arizona is undergoing the highest level of inflation within the continental states (urban Alaska is the only part of the country with a higher level). To combat the problem, he co-sponsored H.R. 8579, the Retirement Protection Act, with Rep. Byron Donalds (R-Fla.-19).
In a statement, Schweikert said, “This bill would play a critical role in fighting inflation while helping Americans protect their savings.” He told The Arizona Sun Times, “It improves people’s retirement future so they stay even and don’t become a victim of inflation.”Read More
Majority of Americans Say They Are ‘Falling Behind’ Rising Cost of Living
The majority of Americans feel they cannot keep up with the cost of living as inflation and the price of goods continue to rise, according to new polling data.
A poll from NBC News asked Americans, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”Read More
Majority of Americans Report ‘Falling Behind’ Rising Cost of Living
The majority of Americans feel they are “falling behind” as the cost of living continues to rise, according to newly released polling.
The poll from NBC News asked, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”
In response, 62% of those polled said “falling behind” while only 6% said their income is “going up faster” than the cost of living.Read More
Report: Online Inflation Soars Heading into Busy Holiday Season
Online prices soared to record highs in November, according to Adobe Analytics.
Prices online surged 3.5% on a year-over-year basis as of November, the biggest increase since 2014, when Adobe started tracking the cost of goods on the internet and the 18th consecutive year of online inflation, according to the Adobe Digital Price Index (DPI). Prices on a month-to-month basis dropped 2% due to holiday discounts, according to Adobe.
“Census Bureau data shows that the e-commerce share of non-fuel retail spending has tripled over the last decade as more expenditures like groceries and home improvement move online,” Marshall Reinsdorf, former senior economist at International Monetary Fund, said in the report.Read More
Phoenix Ranked 40th Best Place to Live of 150 Biggest Metropolitan Areas
U.S. News & World Report issued its list this week of the annual best places to live, and Phoenix came in at No. 40 of the 150 most populous metro areas. The city jumped up 13 places from last year. The report emphasized Phoenix’s relatively low cost of living, warm weather, and thriving job market. The rankings are based on quality of life, job market, value of living, and desire of people to live there.
Phoenix may have scored well this year due to a stable economy. Devon Thorsby, real estate editor at U.S. News, said in a news release, “It shouldn’t be a surprise that many metro areas that saw unemployment levels skyrocket in 2020 fell in the rankings, but those with greater employment stability tended to fare well.”Read More