Once again, Joe Biden defied all expectations.
He’s responsible for the complete and utter destruction of our economy, and he did so in only one year’s time.
The latest inflation numbers for April were released on Wednesday and it’s way worse than economists even predicted.
A slight decrease in the rate of inflation – from 8.5% to 8.3% – wasn’t enough to meet economists’ expectations, according to the consumer price index, and Americans are beginning to feel the squeeze on their pocketbooks (if they haven’t already.)
The much-anticipated numbers reported by the Bureau of Labor Statistics revealed that inflation is still going strong despite the Federal Reserve’s interest rate hikes and is near the worst it has been since February 1982 during the Great Inflation that helped bring President Ronald Reagan to office.
If we’re lucky, Bidenflation will have a similar result and will bring about complete Republican control of both houses of Congress, the White House, and the judicial branch in order to fix what Biden and the Democrats broke.
The historic inflation rate has had a seriously negative impact on the way Americans view the Biden administration. His approval ratings are abysmal, and his fellow Democrats aren’t fairing much better.
Consumer prices have been rising fast since last August, especially for staples such as food and gas. Typical weekly grocery bills, for example, have risen by more than $30.
Energy prices moderated in April but have soared 30.3% over the past year, while food prices have surged 9.4%, according to the data released on Wednesday.
Among the items most notable affected by Bidenflation are home prices, airline fairs, new and used vehicles, medical care, hospitality & recreation, and apparel.
In other words, anything you’d ever hope to purchase is more expensive under the Biden administration — and more inefficient, too!
In March the criminals over at the Federal Reserve announced they would be raising interest rates by a 0.25% — the first rate hike since 2018. The rising interest rate is ostensibly supposed to rein in higher prices due to Bidenflation, but most Republicans are highly doubtful.
This month, the Federal Open Market Committee also announced it would increase its interest rate target by a half percentage point. Some economists have voiced concern that both of these actions by the central bank could result in a major economic recession, which would certainly eliminate the Democrats’ chances come November.
Making matters worse, the ongoing war in Ukraine is contributing heavily to skyrocketing inflation rates — a convenient scapegoat for Biden and the Democrats, who are desperate to skirt blame for the current economic decline.
Let’s Go Brandon!
Author: Elizabeth Tierney