Joe Biden is proving even more of a ‘master of disaster’ than Jimmy Carter

NY Post

Gas prices were already on the rise under Biden before the cyberattack on the Colonial Pipeline led to long lines at the pump. It now costs $1.05 more per gallon than it did a year ago. With Biden closing the Keystone XL Pipeline on his first day in office and generally vowing to wage war on all fossil fuels, it’s no wonder there’s uncertainty and higher prices.

. . . "But barely four months into his presidency, it’s disaster after disaster as Biden wastes every opportunity his predecessor left him. US consumer confidence fell unexpectedly this month as rising prices, a hiring slowdown and energy uncertainty hit hard. On Friday, the University of Michigan said its Index of Consumer Sentiment declined to 82.8, from 88.3 in April. Economists had predicted it would rise to 90.4. 

" It wasn’t the first disappointment for prognosticators this month. Economists expected the country to tack on 1 million jobs in April after seeing gains of 770,000 in March. Instead, the Bureau of Labor Statistics reported just 266,000, as the unemployment rate rose to 6.1 percent. 

" And then it announced that consumer prices rose 4.2 percent year-over-year in April — far worse than economists had predicted. It was the largest such jump since September 2008, when the financial crisis was at its height. Oh, and core inflation rose 0.8 percent from March to April, the biggest rise in nearly four decades. 

"You can thank Biden’s focus on expanding government at the expense of everyone else. Democrats (alone) passed his $1.9 trillion COVID “relief” bill — which had little to do with either — in March, as things were finally picking up. Throwing money into the economy without much consideration of its necessity directly led to the inflation we’re seeing now, with the money supply up by 25 percent over last year." . . .