Why Inflation Seems So Much Higher Than Official Numbers

View this email in your browser ([link removed])
[link removed]
Unleash Prosperity Hotline – Weekend Edition
Issue #834
08/11/2023, 08/12/2023, 08/13/2023
New to the Hotline? Click ([link removed]) here ([link removed]) to subscribe–it's free. ([link removed])

1) Why Inflation Seems So Much Higher Than Official Numbers
The new inflation numbers were just released for July and they show 3.2% inflation since last year, and 15% higher prices since Biden came into office.

But almost no one in the middle class believes these numbers. Why?

The CPI measures hundreds of different products and takes a composite of the price changes for all of them.

But the “must pay” routine bills are rising a lot faster than the bills for more elective expenditures. The chart below shows what the biggest price increases have been. Gasoline prices are up 36%, rent is up 32%, eggs, cereal, coffee, used cars are up about 20% and electricity and utilities are up 22%.

Meanwhile, cell phones, information technology, televisions, computers, and communications have fallen in price. But in this financially stressed environment, food, gas, eggs, and rent are more important to the average family budget than TVs or computers.

The average price rise for food, gas, rent, and electricity are up more than 25%, not 15%.
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwhy-inflation-seems-so-much-higher-than-official-numbers%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwhy-inflation-seems-so-much-higher-than-official-numbers%2F)
[link removed] Forward ([link removed])

2) Biden Allows Gas Prices To Soar - Then Lectures Americans: You Should Have Bought an Electric Car
If Jennifer Granholm isn’t the most moronic Energy Secretary in American history, we’d hate to know who beats her out for that prize.

Earlier this week Granholm triumphantly announced:

[link removed]
So let’s get this straight: Granholm’s Energy Department has intentionally(?) driven up the price of gas from $2.39 a gallon (when Trump left office) to $3.83 this week, and now is crowing that gas is so expensive that EVs are cheaper to charge!

Energy expert Phil Flynn, a Fox Business News contributor, explains the nuttiness of the Granholm argument: “This administration has no shame. High gas prices are your and my fault because we should have bought an EV.” But if Biden hadn’t declared war on fossil fuels and we had simply stuck with the Trump pro-drilling policies, EVs wouldn’t be even near competitive to filling up with gas at $2.39 a gallon.

There is another problem with this analysis, according to Flynn: "If everyone took Secretary Granholm’s advice and bought an electric car, the billions of dollars it would take to upgrade the electric infrastructure would be passed on to the EV-buying public, to charge their cars that are limited in range.”

Sorry, Jennifer, you get an F in math.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fbiden-allows-gas-prices-to-soar-then-lectures-americans-you-should-have-bought-an-electric-car%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fbiden-allows-gas-prices-to-soar-then-lectures-americans-you-should-have-bought-an-electric-car%2F)
[link removed] Forward ([link removed])

3) Is Donald Trump Really a Flight Risk?
More evidence of the absurdity of the Trump indictments comes from Judge Beryl Howell – who actually agreed with the preposterous theory of special prosecutor Jack Smith that the former President is a flight risk. Is she going to put an ankle bracelet on him?

[link removed]
Jonathan Turley did a superb job of ridiculing this ruling:

“Process that for a second. Trump has 24/7 security. So Howell agreed that he might shake his sizable security detail, evade them, and go on the lam. He is one of the most recognized figures in the world. He would have to go to Mars to live incognito. Or maybe he would escape to Cuba. The finding of a flight risk undermines the credibility of the court’s order.”

It sure does. Love Trump or hate him. But any fair-minded person should now agree that Judge Howell has forfeited any pretense of objectivity in this case. This is turning into a kangaroo court.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fis-donald-trump-really-a-flight-risk%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fis-donald-trump-really-a-flight-risk%2F)
[link removed] Forward ([link removed])

4) Here We Go Again: Another Taxpayer-Supported Green Energy Bankruptcy
We hate to say we told you so, but this was so predictable:

Proterra, the California electric bus maker, was the golden child among the companies that will be showered with the $555 billion in green tech subsidies in President Biden’s Build Back Better bill.

Last year, Proterra’s $10 million loan from the Paycheck Protection Program was forgiven by the Biden Administration. Proterra was also expected to get tens of millions of dollars from the $5 billion in the Green Energy Slush Fund earmarked for replacing gas buses with “zero emission” electric buses.

In 2021, Biden took a virtual tour of Proterra’s plant, during which he boasted that it and other EV companies would “end up owning the future.” This year, Biden appointed Proterra’s CEO to the President’s Export Council.

You may have heard that Proterra just filed for bankruptcy this week. Jennifer Granholm was a Proterra board member from 2017 to 2021, she sold her shares for $1.6 million in May 2021. Good timing Jennifer. What did you know that taxpayers didn’t?

Maybe she knew about the myriad performance problems with these magic electric buses.

Texas Senator Ted Cruz was prescient in 2021 when he warned just after Biden’s virtual tour of Proterra that it had “all the potential to be even worse than Solyndra.”

With Biden providing hundreds of billions of dollars of taxpayer handouts to green energy firms (that contribute to the DNC), we guarantee that there will be many more of these flops with taxpayers holding the bag.

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fhere-we-go-again-another-taxpayer-supported-green-energy-bankruptcy%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fhere-we-go-again-another-taxpayer-supported-green-energy-bankruptcy%2F)
[link removed] Forward ([link removed])

5) Museum Banishes Harry Potter Author From Harry Potter Exhibit for "Anti-Trans Rhetoric"
Paul Allen, who co-founded Microsoft with Bill Gates, died in 2018 leaving a huge philanthropic legacy that included large donations to cancer research, a computer science school, and animal health. He also gave $100 million and his prized collection to what became The Museum of Popular Culture in his native Seattle. Sadly, that bequest is now a cautionary tale for anyone involved in philanthropic giving.

The Museum’s mission is to promote “the ideas and risk-taking that fuel contemporary popular culture." Instead, it’s become a woke culture censor that is trying to airbrush out of history Harry Potter author J.K. Rowling – one of the bestselling authors in history.

The museum has decided to expunge any mention of her from inside its walls. Some of its Harry Potter memorabilia will remain on display.

Why? Rowling — who is a political centrist — argued that sex is biological and there should be single-sex spaces for women and girls. She also dared to mock the use of the phrase “people who menstruate” in place of “women”.

Chris Moore, head of exhibitions at the Seattle museum, accused Rowling of “super hateful and divisive” opinions and arrogantly declared that the museum “unequivocally stands with nonbinary and transgender communities.” He also accused her of “fat-shaming” and a “lack of LGBTQIA+ representation” in her books. (Why doesn’t Moore try writing a bestseller and then complain?)

Rowling has allies in her fight against the authoritarian left. Last year, more than 150 writers and artists – including Noam Chomsky and Margaret Atwood – signed an open letter against growing censorship by the Left. It warned about “an intolerance of opposing views, a vogue for public shaming and ostracism, and the tendency to dissolve complex policy issues into a blinding moral certainty.”

Meanwhile, the board of the Museum of Pop Culture and those who have control of the estate of Paul Allen – should act to reverse this attack on “popular culture” and free speech.

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fmuseum-banishes-harry-potter-author-from-harry-potter-exhibit-for-anti-trans-rhetoric%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fmuseum-banishes-harry-potter-author-from-harry-potter-exhibit-for-anti-trans-rhetoric%2F)
[link removed] Forward ([link removed])

6) Keep Your Head Up

============================================================

Know anyone else who would appreciate the Hotline? Please direct them to subscribe at: ** [link removed] ([link removed])

Have an idea for an item that should be in our newsletter? Send us any charts, statistics, heroes/villains, or humor that you’d like to see featured!
** Twitter ([link removed])
** Facebook ([link removed])
** [link removed] ([link removed])
Copyright © *2023* *Committee To Unleash Prosperity*, All rights reserved.

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Committee to Unleash Prosperity . 1155 15th St NW Ste 525 . Washington, DC xxxxxx-2706 . USA