The United States has witnessed tremendous inflation in over 40 years, with petrol prices at a seven-year high. The country’s residents face an open southern border policy and an impending COVID-19 vaccine obligation. According to the Wall Street Journal, one leading economist believes the crisis will last until 2023. This Christmas, President Joe Biden is giving Americans a massive lump of coal.
The entire Christmas price index, which includes the cost of each of “The Twelve Days of Christmas” gifts, is up 5.7% from last year. The producer price index increased by 9.6% in November, setting a new high. Airfares are up 5% from last year, while automobile rentals are up 65% for New Year’s Eve.
According to a poll, 57% of voters disapprove of Biden’s handling of inflation. This figure has risen 19 points since March. Only 28% of Americans approve of the president’s handling of the situation. Only 54% of Democrats support it. Professor: “Almost every time consumer inflation exceeded 5%, the US economy was in or about to enter a recession.”
According to economist William Perry, inflation has outpaced wage growth, reducing Americans’ real income in inflation-adjusted terms. He claims that falling real wages have nearly invariably occurred during or just before a recession. He claims that Biden’s disastrous economic policies are pushing the US economy toward a recession in 2022 due to increasing inflation and declining real wages.
Democrats claim that the “pandemic of the unvaccinated” is rarely highlighted in connection with actions that have caused economic instability. Lockdowns, unemployment benefits, and federal salary increases are alleged to be forcing Americans to struggle to put food on the table. Meanwhile, Biden continues to push for a $5 trillion spending bill, dubbed “Build Back Bankrupt” by Federalist Senior Contributor Christopher Jacobs. In the name of an oppressive and unconstrained government, the White House has been attempting to cripple companies in the worst way since 1968.
Last Monday, White House spokeswoman Jen Psaki told reporters at the State Department that President Joe Biden’s relationship with West Virginia Senator Joe Manchin is “dedicated to forging forward through ups and downs.” Democrats have yet to consider the impact of their COVID-19 policies on ordinary people. Or maybe they don’t give a damn. Nonetheless, expanding government and restricting economic mobility have had their toll.