Despite Joe Biden’s weak defense of his administration, the economy continues to tank.
And it’s adversely affecting everyone from small farms to fortune 500 companies.
Now major retailers are expecting a Christmas “bloodbath” due to these Biden economy-killing moves.
Christmas is supposed to be a time of joy, of giving, of celebrating the birth of Lord and Savior Jesus Christ.
But this year we are likely to see a very bleak and dark Christmas as the Biden economy gets worse and worse.
A Christmas bloodbath on the horizon
As inflation rises, costs for everyday goods continue to rise as well.
Though Biden is attempting to manipulate the markets and lower some costs (like gas) leading up to the Midterm elections, most economists agree these are merely short-term measures.
And Biden’s moves now to try and save the Democrats from a November election “bloodbath” are paving the way for a Christmas “bloodbath” for America’s retailers.
Former Toys ‘R’ Us chairman and CEO Gerald Storch appeared recently on Fox’s Cavuto: Coast to Coast saying he is worried retailers are facing a potential “bloodbath” ahead of the holiday season thanks to inflation.
He told host Neil Cavuto it could be one of the toughest Christmases we’ve ever seen, warning consumer money is going toward home necessities instead.
Storch predicted, “I always believe in the American consumer and that they will spend everything that is in their pockets, certainly when it comes to Christmas. The problem is, there will not be as much in their pockets. So with rising inflation, particularly in food costs, more of our money is going to necessities. You see the biggest growth of retail is in grocery sales for use at home so that is going to be the trend as we get to the holidays.”
But Biden shows no signs of giving up on socialism
Despite these fears, and an economy that continues to spiral down towards depression levels, Joe Biden and his sorry band of socialists show no sign of giving up their policies.
They continue to push the woke “green” agenda that has already caused the collapse of two governments around the world and threatens even more.
It’s the same “green” policies that have farmers in Europe launching massive protests.
And Biden’s inflationary federal spending is increasing, not decreasing.
In fact, the U.S. just sent another $12 billion to Ukraine.
Congress, led by Nancy Pelosi and Chuck Schumer, with support of GOP representatives like Liz Cheney, Mitt Romney, and Nancy Mace, are all too happy to spend more taxpayer dollars.
They don’t care that it is the federal government’s very spending that is sending the U.S. toward a depression that we may never rebound from.
Economists predict inflation only to get worse
The problem is after several years of excessive federal spending, regulating, taxing and money-printing, we face the highest inflation in 40 years.
And according to Fox’s Larry Kudlow, that inflation is deeply embedded in the economy and spreading.
The only significant decline in prices has been gasoline prices due to Biden’s manipulation of the market.
Overall, the Consumer Price Index (CPI) came in at 8.3% for the year with food up 11.4% and energy is still up 24%, despite Biden’s attempts to save the Democrats by lowering gasoline prices.
Electricity is up 16%, natural gas 33%, new cars 10%, used cars up 8%, and even with the recent drop, gasoline is still 26% above a year ago.
Rent is up 6.5% and core goods prices are up 7%.
And at the same time real wages had their 17th-straight negative month.
That means middle-class working Americans are getting clobbered by Biden’s policies.
They’re working more but buying less.
Unless major corrections and policy changes are made soon, there may be no digging out from Biden’s massive economic ruination.
Patriot Political will keep you up-to-date on any developments to this ongoing story.