The Sky is Falling, the Sky is Falling

The usual Democrats with byliines are screeching up a storm about tariffs.  8/12/25 CNN to their credit is being pretty responsible:

"“We have seen moderate inflation over the last year … certainly, prices are not going up nearly as quickly as they were a few years ago,” Gus Faucher, senior vice president and chief economist at PNC Financial Services Group, told CNN in an interview. “But I do think that consumers are going to start seeing more price increases at the grocery store, at Amazon, things like that.”

“Consumers are going to start to feel a little more stretched over the next few months as we see more of the impact of tariffs passed through from businesses to consumers,” he added."

They then included a graph, which I cannot insert in the Android Blogger app, that shows CPI since 2019: very low until Biden took office and then suddenly every month is between 4 and 9% annualized.