For those who are interested in the truth; inflation in the US is currently 3.1%. People who rely on that right wing US tv media station for their news are very often fed a distorted view of current affairs. Under the Biden administration the Bahamas economy has done well, unprecedented real estate sales and new records in tourist arrivals. In the US the stock market reached an all time high on Monday and unemployment is historically low. It is puzzling that the letter writer seems to have missed all this. The rise in food prices and the increased cost of fossil fuel are both worldwide and caused by the Russian invasion of Ukraine and nothing to do with President Joe Biden's Administration.

Exactly. Well said.

Few points of contention:

1.) Wages have just recently started catching up with the past few years of soaring inflation. I would even stick my head out and say that they haven't yet caught up in the Bahamas, but I don't have the numbers to study. Even now 3.1% in the US is above the ideal 2% target.

2.) US credit card debt is at an all time high. I also have anecdotal evidence that supports what seems to be that a large number of people are only surviving with their cards maxed out.

3.) Job numbers are being consistently revised downwards and a large portion of those "gains" are people taking second or even third jobs to make ends meet.

4.) The increase in gas prices started well before the invasion of Ukraine, the average actually topped $3.00 in 2021. The invasion may have helped with some of the increase, but the West was the one that tried to one up Russia with sanctions only to buy using India as a middle man anyways. The Russian economy has held up extraordinarily well, even posting growth despite the heavy amount of sanctions, so this was a complete foreign policy failure (and big benefit for Russia considering it has permanently decoupled them from the West, no more cords to cut).

5.) The Bahamas does in fact benefit in one way (particularly in real estate and construction) from the money looking to cut loose with America while it still can, but inflation in the US has hit us hard considering that we import nearly everything from there. Not everyone works in real estate or construction to feel that boom. I'm telling you that I have personally seen prices in some items double since COVID and a lot of people are not receiving the kind of wage increases (if any) to keep pace.

Long story short is that the economic picture is not nearly as rosy as it may seem. There is a thread of hope but quite frankly most working class people are only living off of credit and young people especially are at an extreme disadvantage considering the extremely difficult housing market that they are trying to start a life in.

contrary to your libtard propaganda, inflation directly relates to EU and US sanctions on Russia which has seen fuel prices soar in Europe and everywhere. Now much of Europe is in recession thanks to these failed policies... that are the directive of the Biden Crime Family.

I can't wait for Trump to return and get Sleepy Joe out of Office along with his crack smoking son!

#MAGA

... if only you had mentioned that the Biden administration adjusted the definition of inflation 2 years ago to make their numbers look better, however some will buy the bluster. Real question is whether or not a dollar went further 4 years ago than it does now and the answer is a definite YES!

I could be wrong but didn't the other guy refer to the Bahamas as a sh**hole country?

No, that was Haiti IIRC and he certainly wasn't wrong either. The current occupant thinks that crack cocaine was made in the Bahamas lol.

The writer watches too much fox news . The interest rate had been kept artificially low w qaunitive spending since the great recession . All mayor economies suffered from inflation , GB , Canada, European union ,because of the money the governments pumped into the economy bc of covid .Gas was as low as 1.80 a gallon under Trump bc of Covid and no demand .The U S is now pumping more oil than anytime in history .I work in high end tourism and the guest are spending and tipping , even the Republicans that cry about Biden .The Trump years before Covid were good , the last two years under Biden have been fantastic .All the rich Repubs are buying land and building big Arbnbs

The writer obviously lives in a bubble. Inflation is a global economic phenomenom. One country alone does not cause the rate of inflation to change, and typically all countries suffer/benefit together when inflation rates increase or decrease. There are many factors that effect inflation including chip supply shortages (Asia, specifically China), Gas & Oil (Russia & Middle East) etc. etc.

Kevin, please educate yourself on inflation.I can recommend several good books on inflation, all of them authored well before the current fad of airing personal opinion in place of news. Unfortunately relying on main stream media such as CNN or Fox News, or any of the politically biased websites will not educate you.

once again the editor prints a piece of unadulterated crap without checking any of the facts or figures i guess he wants trump to win