The Biden administration has quickly ruined the thriving economy Trump left behind with a series of legislative policies and COVID-19 restrictions that continues to hurt consumers and business owners. Consumer prices are increasing at the fastest pace seen in 39 years.
The Labor Department recently reported that the cost of key goods and services increased .8% this month and have increased by 6.8% in this year alone.
This is devastating for average Americans. Inflation disproportionately impacts lower-income earners and the middle class because they generally don’t invest their money into assets that accrue value over time to hedge against inflation. However, Democrat elites that take part in lucrative insider trading, like Nancy Pelosi, will be largely immune from the effects of inflation.
Due to Biden’s ridiculous spending policies, consumers will now be paying nearly 7% more for the same goods they purchased under the Trump presidency. This exposes the lie that Biden’s Build Back Better agenda will “cost zero dollars” for American taxpayers.
These cost increases are far outpacing wage gains for Americans. Wage-earners under the Biden economy will have to adjust their spending habits as their income won’t be enough to support their usual lifestyle.
The increase in the cost of common grocery store goods shouldn’t come as a shock. Democrats during the COVID-19 plandemic have forwarded a policy by which Americans are paid to stay home and away from the workforce.
This results in business owners, like those of grocery stores, struggling to stock their shelves with a supply chain crisis caused by a labor shortage. Your expensive grocery bill is a direct reflection of how much more it costs for businesses to operate in the Biden economy.
Biden was made aware that his policies were going to result in inflationary supply-chain issues. In October, the Chief Policy Officer of the U.S. Chamber of Commerce, Neil Bradley, stated:
“As shocking as today’s employment figures are, even more troubling is the decline in the labor force. We are in the midst of a worker shortage crisis and the number of potential workers is shrinking. Multi-trillion tax and spend proposals in Washington will only make matters worse. It is time for Congress to set that aside and focus on helping Americans get back to work and helping employers fill open jobs.”
Biden refuses to take the blame for this situation. Instead, he blames the COVID-19 pandemic, stating that the latest numbers “reflect the pressures that economies around the world are facing as we emerge from a global pandemic — prices are rising”.
In an interview with CNN’s Kaitlan Collins, Biden gave a lackluster response to rising inflations:
“I think it’s the peak of the crisis… It’s a real bump in the road. It does affect families when you walk into a grocery store and you’re paying more for whatever you’re purchasing — it matters. It matters to people when you’re paying more for gas, although in some states we’ve got the price down below three bucks a gallon, but the point is it’s not gone down quickly enough. But I think it will.”
Biden thinks that inflation will decrease over time, but it is hard to trust anything that this cognitively diminished old man thinks.
We can only hope that Biden’s disastrous handling of the economy will aid Republicans in winning the upcoming midterm elections and ultimately the 2024 presidential election, only if the voting machines aren’t rigged. But that’s another article…
Don’t put your hard-earned money in Biden’s hands…
The volatility of the U.S. dollar is a harsh reality, but we have other ways to preserve the wealth that we have without putting it in a bank controlled by the radical left.
Find out more at GodsGoldAndSilver.com
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