As the economic outlook gets uglier, Biden blames everyone but himself - American Thinker "Earlier this week, the Biden administration was presented with some grim news. Inflation increased to a staggering 9.7% for the year ending January, much higher than forecasted. Consumer prices also increased by 7.5%, the highest annual rate in four decades. Despite promises by Biden to reduce inflation, it has continued to increase, putting more pressure on Americans to pay for everyday goods. In addition, Biden piled on more bad news for Americans, indicating that Russia's suspected invasion of Ukraine will further increase gas prices, which are already at an eight-year high." . . .
- Why is Biden blaming everyone else for his failed economic policies? It is no secret that Biden's domestic agenda has utterly failed at every turn. With the 2022 midterm elections coming up, he has to find a villain to blame for the depleting economy. The Democrats are projected to sustain heavy losses in the House and Senate this year, and he has to stop the bleeding as quickly as possible.
Inflation Is Costing Households $250/Month, Moody’s Analysis Finds - Foundation for Economic Education (fee.org) "Inflation is making headlines again this week. The federal government’s latest data show that consumer price rose 7.5 percent from January 2021 to 2022. That’s the highest rate of price inflation we’ve seen in nearly 40 years!
"What does this mean for everyday American families?
"A new analysis from Moody’s Analytics reports that the average US household is paying an additional $250 a month thanks to this inflation.". . .
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