REAL MORROW 1290

Rapper and well-known Democratic apologist Cardi B has just now realized that the country is in economic turmoil. Cardi B went on social media and complained about how high rent is, even in poorer neighborhoods. She admits that we are heading into a recession. MORROW'S TAKE: Though I agree with Cardi's sentiments, and I applaud her for speaking out publicly to voice her concerns about the looming economic disaster that we are facing. I have to say she is a tad bit late to the party. After all, she has been cozying up with Democratic reps for quite some time now. Out of everything she said, I noticed that she did not say; she did not say exactly who was responsible for this economic collapse. It's one thing to say how bad things are, but it's another thing to admit who the cause of the problems is. Of course, for her to do that, she would have to call out the entire Democratic party, which would lead to her almost immediate cancellation. In this world of can...

  Fed Chairman: Expect Pain as Inflation Persists, and Recession is Inevitable WRITTEN BY ALICIA HOPE Federal Reserve Chairman Jerome Powell warned Americans of expected pain as the agency forcefully deals with inflation. Jerome said that higher interest rates would persist for some time as prematurely loosening policy was a dangerous move. No quick solution for inflation; expect some pain. “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” he stated. “These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.” The fed’s statement comes after inflation stagnated near the peak in four decades while interest rates witnessed a cumulative increase of 2.25% in 2022. Powell wants to avoid “draconian” interest rate hikes like those witnessed in the 1970s under then-Fed Chairman Paul Volcker. He attributes su...

WRITTEN BY ALICIA HOPE   Study: Biden Inflation Caused 40% of Americans to Cry Over Their Finances A study by the loan marketplace LendingTree found that 4 in 10 American adults, including more than half of job seekers, millennials, parents, and women, have cried because of their finances amidst the Biden Inflation. The study polled 1,598 Americans between 18 to 76 years online from July 8 to July 15, 2022. According to the Bureau of Labor Statistics, inflation was 8.5 percent in July and 9.1 percent in June, the highest in four decades. Jobseekers, parents, and Millennials cry most over inflation. The most affected by Bidenflation were unemployed Americans searching for jobs (59%), parents of children younger than 18 years (53%), Millennials (53%), and women (52%). Additionally, 90% of those who cried did so more than once, with a third (33%) crying more than five times. According to the study, women were twice more likely than men (52% vs. 26%) to cry over their finances due to B...

  Washington Post columnist Michelle Singletary  appeared Wednesday on MSNBC’s “Chris Jansing Reports." Stop Complaining,’ ‘Calm Down’ About Inflation — You Are ‘Not Suffering’ https://youtu.be/KYdaZFPT3I4 When asked about the people living pay check to pay check, Singletary responded with this: "You know, you got to stop complaining when there are so many people who literally the inflation rate means they may only have two meals instead of three. There are Americans who did extremely well in the last two years in the market. You still have your job." Of course, most people were outraged, and she is getting blasted on social media for talking down to everyday working Americans. WaPo’s Michelle Singletary: “There’s a great deal of Americans where it is uncomfortable that they’re spending more, but they are not going to go under. You know, you got to stop complaining … Overall, many Americans are not suffering as much as they think they are.” pic.twitt...