Bidementia can’t figure out why Americans are so economically unhappy after his orgy of spending. He is senile and doesn’t know anything, but the words advisors put in his mouth say the economy is great and people should be thrilled. They aren’t because they are four million times smarter than he is and they know everything is rotten and the data put out by his pathetically incompetent administration is simply phony. So last week the general inflation numbers came out and showed higher inflation than expected but people tried to say it didn’t mean anything. It does to the average person, who has experienced cumulative inflation since the start of the epidemic of around 20%. Interest rates, which affect everyone who has any debt, remain very high and these are numbers the administration can’t fiddle with. They remain high because of inflation, but more importantly because of concerns about our fiscal situation and mounting debt pile. The combination of all this leaves people queasy at best. The one number that sums it up best is real income changes. Hopefully people’s income after inflation grows over time. For the last few years, and ever since Bidementia took office, it has been negative. So the average person, not the rich people living off the whacko renewable energy subsidies, has every right to feel their situation has worsened. As usual, Zero Hedge sums it up well. (ZH Post)
✅ Subscribe via Email
About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
Healthy Skeptic Podcast
This is an outstanding report on total global drug spending and trends, with projections out to 2025. It helps you understand this important area of health care, which does much...
June 1, 2021
MedPAC 2019 Report to Congress
June 18, 2019
Two health care firms owned by private equity firms are merging in a transaction supposedly valued at $3 billion. HealthComp administers self-funded plans for employers and other groups and Virgin...
September 27, 2023
NextGen, an electronic medical records firm, is being put out of its public company misery, as a PE firm will pay $1.6 billion for the one-time high-flier.
September 7, 2023
A number of companies which attracted large financing rounds during the epidemic have imploded when reality set in. The latest is Cano Health, which is a little surprising since it...
August 15, 2023
Access ACO Care Management Chronic Disease Comparative Effectiveness Consumer Directed Health Consumers Devices Disease Management Drugs EHRs Elder Care End-of-Life Care FDA Financings Genomics Government Health Care Costs Health Care Quality Health Care Reform Health Insurance Health Insurance Exchange HIT HomeCare Hospital Hospital Readmissions Legislation M&A Malpractice Meaningful Use Medicaid Medical Care Medicare Medicare Advantage Mobile Pay For Performance Pharmaceutical Physicians Providers Regulation Repealing Reform Telehealth Telemedicine Wellness and Prevention Workplace