In his latest “My Take,” “Varney & Co.” host Stuart Varney discusses the state of the economy as inflation continues to cripple Americans’ wallets, arguing the country is getting “worse off.”
STUART VARNEY: Inflation is a personal economic experience. Every time you pay for something, you take notice, because the price of just about everything is going straight up. It can be a shock.
On Sunday morning in New Jersey, I bought four items. 8 small tomatoes: $6.99. Blueberries: $6.99, a small loaf of bread: $6.29 and a pint of milk: $1.89.
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A year ago, those same items, in the same store, would have cost maybe $15.
We’re getting worse off: rapid price hikes erode your standard of living.
The president is clueless: on Friday at the docks in Los Angeles, he blamed shipping companies.
He tried to turn anger at inflation into anger at corporations: In the absence of an effective policy, the president turns nasty.
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Ok, you’ve been shocked at the grocery store and shocked at the gas station…
Now open your 401(k). Another shock.
The market sell-off has probably cut your pension money by 30%. I expect the president to blame the Federal Reserve.
But who will blame? 147 days to the November 8th elections.
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