Biden in Deep Trouble as Inflation Hits Yet Another Record High – Opinion

Talking about Joe Biden’s inability to find low approval ratings keeps me going. While his approval has dropped to below 40% in certain polls, it was lower than 40 percent when he went below the average of all polls taken by Real Clear Politics on Wednesday.

The new inflation report predicts that it will drop yet more. Just as Biden’s approval can’t stop cratering, inflation under Biden keeps soaring. It’s now hit yet another high, even more than expected. Joe Biden keeps breaking new records.

The inflation rate has risen to 7.5 percent from February last year, which is the largest annual increase in inflation since 1982. Experts had not expected this. Among the reasons that the AP blamed were “shortages of supplies and workers” as well as “heavy doses of federal aid.” Paging Joe Biden, his mandates, and his spending, although, of course, they don’t say that. Unfortunately, they’re not expecting it to slow anytime soon.

While the AP doesn’t tag Biden, they do acknowledge that Americans will.

Americans have become less capable of paying for gas, food, groceries, and child care. As the midterm elections near, President Joe Biden’s biggest threat is inflation.

Expected supply shortages to persist, Fed will likely raise interest rates in March and continue to increase prices for everything.

Small businesses increase their prices by 61 percent

“More small business owners started the new year raising prices in an attempt to pass on higher inventory, supplies, and labor costs,” said Bill Dunkelberg, the NFIB’s chief economist. “In addition to inflation issues, owners are also raising compensation at record-high rates to attract qualified employees to their open positions.”

These actions will likely increase the price of goods and services even further.

In December, economists at the University of Pennsylvania’s Wharton School estimated that the average household had to spend $3,500 more than in 2020 to buy an identical basket of goods and services.

What has Joe Biden’s response been to these records and crushing prices? He pushes even more spending, and he revealed he has no idea what he’s doing, blaming it on the cost of vehicles.

POTUS: The cost of cars is one of the main reasons inflation is so high. pic.twitter.com/Wq5yJueO2y

— Breaking911 (@Breaking911) January 26, 2022

With a fake chart, he was bragging about the economic state of things.

But if he’s trying to take credit for the economy, this is what it is — this is what the American people are having to deal with now. If he can’t address it, if he can’t even understand it and just keeps funneling out propaganda while it keeps hitting Americans so deeply in the wallet, they can jack all the redistricting maps they like and the American people are still going to destroy them so hard in the midterms that will hit another record.