During the State of the Union address, Biden claimed he inherited a wrecked economy. But, through his actions, he claimed the U.S. economy was now the “envy of the world.”
These statements have been consistent with what Biden and his White House have been saying for years. That the economy is doing fine, better actually, than you realize.
Any claims that we are suffering are just “bad reporting.” You are doing great, just accept it. But Biden’s claims suddenly came crashing down in a new report. This big problem is coming back with a vengeance. And Biden just can’t fix it.
From Breitbart:
American households were hit with a second month of rapidly rising prices in February, undermining the Biden administration’s claims that its policies were reducing inflation and dampening hopes for a Fed rate cut in the next few months.The consumer price index rose 0.4 percent in February, faster than the January increase and the fourth consecutive monthly increase.
Just days after Biden claims the economy is strong, a new inflation report knocks him down. Inflation rose rapidly in the month of February, continuing a trend we saw in January. In fact, inflation has only been increasing over the last four months, despite what Biden said.
Economists were expecting inflation to decline to around 2%. Today, it is around 3.2%. And Americans are feeling it. The price of everything—from bread to belts—is getting higher. This is putting pressure on businesses and workers.
Experts in various fields warn that there are more people seeking jobs than there are job openings. Even people with college degrees can expect a tight job market; even if they get a job, they can expect low wages.
Under Biden, we’ve only seen economic decline. Americans are struggling to put gas in their car and food on the table. Yet, in a shocking show of cruelty, Biden claims we are doing great. We are “strong as hell.”
Maybe the ruling elite are doing great, but maybe not everyone else. And these reports only confirm that.
Key Takeaways:
- Inflation rapidly rose over January and February.
- Inflation increased over the last four months.
- This comes after Biden claims the economy is doing well.
Source: Breitbart
