Consumer Prices Increase 4.2 Percent to the Highest Level Since 2008

The consumer price index has jumped 4.2% over the last 12 months, the fastest pace of inflation since 2008, according to a Department of Labor report.

The consumer price index (CPI) increased 0.8% between March and April, according to the Labor Department report released Wednesday morning. Economists projected that the CPI increased by 0.2% last month and 3.6% over the 12-month period ending in April, according to The Wall Street Journal.

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Commentary: Joe Biden, Economy Killer

President Joe Biden

Along with a working vaccine, Joe Biden inherited a V-shaped economic recovery, but he is now planting the seeds of its destruction. Inflation, federal deficits, high taxes, incentives for workers to stay home, and incentives to avoid investment – they’re all coming back. Together, these elements create the perfect brew for a Lyndon Johnson-style stagflation. If Biden and the Democrats so quickly wreck the good economic path they were given, it will be one of the worst examples of government malpractice in U.S. economic history. 

In the first, dark days of the COVID-19 national economic shutdown last spring, there was a clear need for major stimulus. Both parties united to pass an effective and much-needed response. 

The U.S. gross domestic product saw a 33.4% surge in the July-September third quarter of 2020, after plunging 31.4% in the April-June second quarter. The economy continued to grow at a 4% rate in the fourth quarter, and the stock market (despite COVID) ended 2020 with the S&P 500 index up 16% for the year as a whole. 

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Finance Expert and Fox News Contributor Liz Peek Weighs in on Reckless Federal Spending and Impending Inflation

Thursday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed financial expert and Fox News contributor Liz Peek to the newsmakers line to weigh in on fiscally irresponsible federal spending, inflation, and those industries in which we will see the repercussions.

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Washington Correspondent Neil W. McCabe Weighs in on Democratic Spending and the 2022 Red Wave

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Washington Correspondent for the Star News Network Neil W. McCabe to the newsmakers line to weigh in on democratic overspending in infrastructure and tax bills, the oncoming red wave of 2022, and Republican candidates for the House and Senate.

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The Great Dilemma for America: Crom Carmichael on the Democratic Party of Grifters and Looming Inflation

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael to the studio to breakdown the economic ramifications of COVID and the Democratic Party grifters.

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The Madness of Crowds: Liberty U’s Business School Dean David Brat Weighs in on the U.S. Economy’s Future

Tuesday morning on The John Fredericks Show, host Fredericks welcomed Liberty University’s Business School Dean David Brat to the show to discuss the present and future of the United States economy.

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Former California GOP Chairman Lists Nine Ways America Is Moving Towards Socialism

by Nick Givas   Former California GOP Chairman Tom Del Beccaro listed nine ways in which America is moving towards socialism during an appearance on “Fox & Friends” Monday. Del Beccaro said increased government spending and inflated tax codes are just the beginning and claimed they’ll have a domino effect on…

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Venezuela’s New Currency Does Little So Far To Stabilize Economy

Nicolas Maduro

by Hanna Bogorowski   Venezuela introduced a new currency on Aug. 20 as a hopeful solution to the country’s rapidly devaluing currency and skyrocketing inflation rates, but after just a few weeks, Venezuela is already seeing 100 percent inflation. The Venezuelan government issued the new currency, called the “sovereign” bolivar,…

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