Increase In Prices Is Outpacing Increase In Wages

War Room Pandemic

Steve Moore talks to War Room host Stephen K. Bannon about the inflation spiral unleashed by the Biden administration.

โ€œConsumer prices are rising more rapidly than those statistics are indicating. I donโ€™t think they properly weight the most important things that Americans buy every week and thatโ€™s food and vegetables โ€ฆ and gas/energy. โ€ฆ For the last four months now, Steve, the increase in prices is rising faster than the increase in wages. That means that peopleโ€™s real income, their real purchasing power is shrinking. Their paycheck is shrinking under Joe Biden. โ€ฆ Weโ€™re already paying the Biden tax โ€ฆ because everything is more expensive because of this out of control government spending.โ€

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