Biden’s Insane Policies Are Destroying the Economy Too – Consumer Spending Sentiment Plunges While Inflation Reaches Highest Annual Increase in 30 Years

The Biden/Obama Administration’s policies are taking a toll on today’s and tomorrow’s economy in the US.  Inflation is at a 30 year high by some measurements and consumer sentiment is falling.

The Epoch Times notes that consumer sentiment in the economy is falling.

New government data shows U.S. consumer spending in July grew by a lackluster 0.3 percent, a far slower pace than the 1.1 percent pace of growth in the prior month and a sign that the economic recovery may be losing steam in the third quarter as the Delta variant spreads.

The Times also noted on Friday that inflation is at 30-year highs.

The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.

We’ve reported on the Biden inflation before.

THE BIDEN EFFECT: US Producer Price Inflation Soars to 7.8% Annually in July – Highest Jump On Record

It really is hard to believe that someone could do any worse with this country if he tried.  What a mess Biden has gotten the US in.  

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Joe Hoft is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

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Thanks for sharing!