To The Daily Sun,
I find it hard to understand why so many intelligent people refuse to acknowledge basic economics and continue to back this administrations lies.
Yes, we are in a recession, changing the definitions does not change reality.
Inflation is not 8% per year, but 8% per month. When inflation goes from 8.5% to 8.1%, inflation has not ended, it is simply a smaller increase.
If our basic minimum wage was $26 per hour, all service and products would have increased to cover this charge.
The Federal Reserve has increased the interest rate once again. This is being done to slow inflation and remove money from the economy. Yet President Joe Biden's Inflation Reduction Act is pumping money we do not have into this fragile economy. Why is our government at cross purposes?
If you truly believe that none of this administration's decisions are their fault, I have a bridge I would like to sell you.
Peter Kirk
Gilford
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