“This Is a Catastrophic Economy – Total Employment Today is 800,000 Lower than it Was in 2020” – Reagan Economist Eviscerates Joe Biden Following Inflation News (VIDEO)

Art Laffer, a member of Ronald Reagan’s Economic Policy Advisory Board, joined Maria Bartiromo on Mornings with Maria on Friday morning as the new CPI number came out at 8.6% for May. This was the highest number since 1981. Prices on everything went up last month led by Joe Biden’s record energy prices.

Joe Biden’s May inflation numbers came out higher than expected at 8.6% — the highest number in 40 years.

BREAKING: May Inflation Number Higher than Expected at 8.6% – CPI is Highest in 40 Years, Since 1981 — Food, Gas, Utilities — EVERYTHING IS HIGHER

Laffer says, “This is not a recovery… Total employment today is 800,000 lower than it was in 2020… This is not even a catch-up of where we were before. If you take the trendline from February 2020 on up we’re 5 million jobs short from where we should be had we just been on that trendline. This is a catastrophic economy. Whoever wrote that piece for Biden in the Wall Street Journal doesn’t know straightup from siccum.”

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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