Remember when Donald Trump was president? Yeah, feels like a long time ago. Back then, nobody was talking about the economy in negative terms. Even Trump-hating leftists on CNN had to admit there was record unemployment, rising pay, low taxes, and a booming economy. There was no talk about inflation, let alone fears of a recession. Hell, even during the COVID panic, our economy was recovering soon after the lockdowns.
Only a very stupid person could have screwed all that up. Enter Joe Biden. Biden’s presidency has been one of marked failure. He pushed spending and policy that only crippled our economy, drove jobs away, created shortages, surged inflation, and contributed to a fuel crisis. Biden is incapable of doing anything right. Worse still, he has no intentions of actually fixing the very problems he created. He actually wants to make them worse.
Honestly, if he was working for our enemies, he couldn’t do much worse. Now, we’ve hit a new milestone that Biden is sure to ignore.
Consumer price index data due out this week will show soaring U.S. inflation hit another four-decade high last month even as President Joe Biden claimed rising prices are more to do with malevolent outside forces than his own economic (mis)management.
The Financial Times (FT) forecasts consumer price index data available from Thursday will show a rise of 8.4 per cent year over the past 12 months based on estimates from Bloomberg, the fastest pace since 1981.
That grim news comes just days after Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton, Larry Summers, said recession risks also “are going way up” and he would put the odds of a recession in the next two years at above two-thirds. [Source: Breitbart]
Inflation is out of control. A recession is on its way. And Biden keeps licking his ice cream cone. Honestly, at this point, any sensible person would resign in disgrace. But not only is Biden ignoring the problem, he’s lying about it.
Biden wants you to believe all these economic problems happened the moment Putin invaded Ukraine. Sorry, not buying it. All this began after Biden entered office, pushing radical, socialist policies. And he has no intentions of backing down. He still wants to spend more and more billions—with no foreseeable way to pay for it.
It seems like Biden’s totally checked out. I doubt anyone can really survive approval polls as bad as his. Democrats are doomed this November and Biden doesn’t even seem to care. Perhaps, by 2024, he’ll have gotten what he’s wanted and cash out.
But the country will be left holding the bag.
Author: Mac Davis