Although Joe Biden and his allies claim that the economy has never been stronger, many Americans are struggling to make ends meet.
While Joe Biden funnels billions of dollars to foreign wars and generous welfare programs, millions of Americans cannot afford groceries.
And Joe Biden’s face turned white with fear after he saw this devastating economic report.
This consumer report revealed the sinister truth about Joe Biden’s economy
As November inches closer, Joe Biden and his campaign team have made upselling the status of the American economy a top priority.
Although the stock market has fared rather well in recent months, average Americans have struggled to make ends meet.
For most Americans, the prices of goods and services have skyrocketed lately.
Gas prices have surged, food prices are through the roof, and even insurance rates have surged lately.
On Wednesday, the most recent Consumer Price Index report showed that these price hikes have exceeded the expectations of many economists.
Breitbart News reported on the matter, saying that “the consumer price index rose 0.4 percent in March compared with the previous month. Compared with 12 months earlier, the headline index is up 3.5 percent. Economists had forecast a 0.3 percent increase in the month-to-month figure and a 3.4 percent rise over 12 months.”
The report added that “core inflation, which excludes food and energy, rose 0.4 percent for the month, matching the prior month and higher than the 0.3 percent expected. Compared with a year ago, core inflation is up 3.8 percent, also beating expectations and matching the February figure.”
In a nutshell, these figures show that inflation has increased far more rapidly than experts thought it would.
This translates to economic devastation for millions of Americans.
Additionally, many experts worry that this trend could continue in the coming months and make a bad situation even worse.
Meanwhile, Joe Biden and his cronies have refused to admit that anything is wrong and claim that Americans should be more grateful for “Bidenomics.”
Experts agree that inflation rates have soared due to massive spending projects, including the funding of foreign wars and generous welfare programs.
To make matters worse, Joe Biden announced on Monday that he hopes to forgive billions of dollars in student loan debt, which experts believe could exponentially increase inflation.
Joe Biden has a lot of explaining to do if he hopes to make his economic record a winning issue
The state of the economy plays a major factor in how many Americans vote and will certainly come into play this November
That is why Joe Biden and his team have spent massive resources to convince Americans that “Bidenomics” has helped them.
However, as inflation continues to increase, this will become a much more difficult task for Joe Biden and his campaign.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
