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"The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 U.S. presidential election against incumbent George H. W. Bush.
Inflation began surpassing income growth just as Biden took office in 2021 and never stopped until the start of 2023. That held true even though wages rose faster under Biden than during Trump’s ...
"Whip inflation now", Gerald Ford's widely ridiculed speech to Congress October 8, 1974. "When the president does it, that means that it is not illegal." Said by Richard Nixon during the Frost/Nixon interviews, about his alleged participation in the Watergate scandal cover-up.
"The rich get richer and the poor get poorer" is an aphorism attributed to Percy Bysshe Shelley.In A Defence of Poetry (1821, not published until 1840) Shelley remarked that the promoters of utility had exemplified the saying, "To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away.
The Bank of England, meanwhile, held off on cutting rates last month even though UK inflation slowed to the central bank’s 2% target in May. However, services inflation came in higher than expected.
“Consumer expectations (for inflation) have hovered around 3% since May 2021, half a percentage-point higher than their range in 2018 and 2019.” ...
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
Famous people, famous quotes. Many of the most memorable quotations are attributed to famous people (whether they actually said them or not!). In honor of Reader’s Digest’s 100th anniversary ...