Every year, on Thanksgiving day, families gather around dining tables, sharing stories, playing cards, creating memories, and enjoying a hot meal.
But, there is something different about this Thanksgiving.
Something that doesn't sound right, something that feels wrong, and something that seems suspicious. Families are struggling to survive in a period where everything seems out of reach. It is not about the overworked and underpaid workforce anymore. It is not about the supply chain shortages. It is bigger than everything.
Middle-class families are starting to doubt that President Joe Biden is really their champion.
Inflation is the real threat to American families.
There is a silent tax in the room that President Biden is unwilling to talk about. It is called inflation. Families are worried because they are paying more money for everything from food to gas, from electronics to medicine. And, the only response we get from the White House is, let's print and spend more money. But, spending and printing money does nothing but increase the price of everything.
I understand why the unemployed may struggle, but not workers working overtime, sacrificing time with their family to provide their kids with another hot meal. They are making less money than last year, and we can't blame their employers because most employers are paying more money. However, their salaries are losing value every day because of inflation.
Statistics don't mean anything.
Politicians are quick to throw statistics at you, such as payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent. But, unfortunately, these numbers mean nothing to a struggling father who can't provide for his family or a working mother who barely can pay her water bill.
There is no bigger threat for the Democratic Party or President Joe Biden's legacy than inflation, and they don't seem very interested in addressing the problem. Government data showing the cost of living rose 6.2% over the last 12 months -- the highest rate in 30 years. Their response is, let's spend more money.
President Biden's economic team wants to convince the public that the pandemic temporarily causes soaring prices, and not one person outside his administration agrees with him. Even President Biden's biggest supporters agree that the future looks dark and uncertain, "There’s a lot of uncertainty. We don’t know what happens next. The past two years have been unprecedented and painful,” said Claudia Sahm, a senior fellow at the Jain Family Institute.
This is different
If you believe in the value of hard work, the coming few years will seem dark, long, and tough. You will work more for less money. Unfortunately, the Feds will continue to fuel this inflation with their uncontrollable spending habits and reward some people for staying home.
If you have begun to feel weary, exhausted, and debilitated, there is nothing wrong with you. You are most likely belong to the working class in America where people can't afford to live in their homes, fill their cars with gas or visit an out-of-town family member because it costs too much.
Our leaders are doing a horrible job explaining the state of our union, they think a vaccine solves every problem, and I wish there were a vaccine or medicine to treat this sick economy.
The hidden plate called inflation
Economist Roger Cryan says the cost of a Thanksgiving dinner is up 14%.
Crayan adds, "Higher prices are really being driven by a couple of things. First, it's the supply chain issues, which are raising the costs of many things because it's making it harder to produce many things. But there's also a monetary impact. The current inflation is also being affected by the increase in the money supply over the last year and a half."
President Biden said in July, "My administration understands that if we were to ever experience unchecked inflation over the long term, that would pose real challenges to our economy. So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed."
Today, we are telling President Biden, what is your response?
When the government has the same solution for every economic problem, the economy will struggle for a long time. Spending money doesn't solve every problem unless you own a pharmaceutical company and want people to stay relying on you to feel normal.
What do you think the president should do next?