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.
Advertisement - story continues below
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.
Advertisement - story continues below
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.
The Gateway Pundit is moving back to Disqus! All of your account information and comment history has been saved and will be uploaded as quickly as possible to Disqus. If you do not already have a Disqus account, you will need to create one. Please use the same email address that you used for Insticator for your comment history to be carried over. We greatly appreciate your patience and continued support!