It does not take an economist to figure out that our economy is going to hell in a handbasket.
During Biden’s 16 months in office, nearly every single measurable aspect of the United States economy is worse off.
But a new study is finding that consumers are being punished under Biden’s watch much harsher than anyone could have expected.
Joe Biden has been in the White House for a little over a year and nearly every aspect of life in America is worse than when Trump was President.
Although plenty of people expected things to get worse under Biden’s watch, nobody could have expected things to get this bad.
Supply chains remain broken, Americans are facing food and baby formula shortages, gas prices are reaching astronomical levels, inflation is breaking records by the day, and crime is at all-time highs across the nation.
The bottom line is that Joe Biden is turning America into a third-world country.
But just when you thought things couldn’t get any worse, they are.
The Department of Labor just revised its consumer price index, and now it appears as if prices have gone up by nearly 11% from one year ago.
That is an astronomical rise in prices over the course of just 12 months.
The Consumer Price Index is one of the most accurate measures when it comes to the financial strain many Americans will feel as it assesses the prices of many common goods.
Without a reasonable doubt, Joe Biden, and his backward brain dead economic policies are to blame for this failing economy.
Under Trump, inflation was growing at a snail’s pace.
When he left office inflation was growing at around 1.4%.
Now many experts believe the actual inflation rate is around 9% or higher when measured by historical standards.
Predictably, Joe Biden is refusing to take any of the blame.
Instead, Joe Biden is pointing the finger at all of the usual suspects whether it be Trump, Putin, COVID, or even racism.
Although the economy is plummeting, there is still time to act.
Congress needs to make it their priority to slow down their reckless spending.
But asking a Democrat-controlled Congress to slow down their spending is like asking an alcoholic to put down the bottle.
As long as Biden and his handlers and Nancy Pelosi and Chuck Schumer are still calling the shots, expect things to keep getting worse.
Patriot Political will keep you up-to-date on any developments to this ongoing story.