Credit Card Defaults, Inflation, Part-Time Jobs: The Economy Is a Disaster
Biden talks up the economy’s strong growth but doesn’t address the fact that the inflation rate he’s given us surpasses the GDP growth rate.
Biden talks up the economy’s strong growth but doesn’t address the fact that the inflation rate he’s given us surpasses the GDP growth rate.
The Biden White House claims to have heralded “a great year for American workers” with more jobs created “during any year of the prior Administration.” However, most are part-time or government jobs, paid for by taxpayers.
“The rights of man come not from the generosity of the state but from the hand of God.” – JFK Capitalism and free markets are the primary drivers of wealth creation while also protecting personal freedoms.
President Biden is very concerned about how to get more money from working Americans and redistribute it to non-working and non-taxpaying people, both foreign and domestic.
Mainstream media and the administration are pushing a narrative that funding for the Ukraine War and illegal immigration is helping the economy, both of which are complete nonsense.
Artificial interest rate controls cause inflationary booms, depressing busts, and result in taxpayers bailing out wealthy bankers every five to ten years.
The White House brags that Americans are prospering, yet only one in seven Americans report feeling better off.
And then, on the 6th Sunday of the year, which was also the Sunday of the Super Bowl, Joe did raise his mighty fist and command the prices to fall; and they fell.
Average monthlycar paymentshit a record high in May as the cost of new vehicles soared, thanks in part to higher interest rates and adwindling supply chain.
The rate of inflation has set record highs this year, but the 8.6% number you have seen is nothing more than a lie, a rouse, to make you feel better and help disguise the truth. For more than a year, inflation has been on an upward trend, the likes of which America has not seen in more than 75 years.
TheMay Consumer Price Index(CPI), which measures inflationary rates, was released Friday morning by the Bureau of Labor and Statistics (BLS) and showed inflation continuing its record-breaking trend of 8.6%, rising another 1%, exceeding the expected increase for the month. BREAKING: May Inflation Number Higher than Expected at 8.6% – CPI is Highest in 40 Years, Since 1981 — Food, Gas, Utilities — EVERYTHING IS HIGHER There are areas of inflation that have impacted Americans the most, a punishing blow to the working-class taxpayers of the country.
This week gas prices have reached new record highs, with the average price at the pump reaching $4.97 per gallon Thursday, something that Senator John Kennedy is not willing to overlook. On Tuesday, the Louisiana Senator took a swipe at Biden and the economy, expressing his comical response to the surging fuel cost across the nation while appearing on Fox News’s Jesse Watters Primetime. During his interview on the show,Kennedysaid, “The price of gas is so high that it would be cheaper to buy cocaine and just run everywhere— Biden is about as popular as a SINKHOLE.” The average price for a gallon of regular gas in the United States is the highest recorded average in the nation’s history, almost $2.50 higher than the average price a year ago.
Manufacturers have continued to reduce portion sizes to keep up with record inflation around the country; experts call it “shrinkflation.” Some of the recognizable brands to shrink their products in recent months includeCharmin,Bounty, andGatorade, which have been downsized but have retained their previous prices.
Officials in the Congressional Budget Office (CBO) have released reports that squarely place the rate of inflation on President Biden’s stimulus efforts during the height of the COVID-19 Pandemic. The CBO notes that President Biden is culpable for the record-high inflation creating undue pressure on America’s workforce in its latest annual report.