Bidenflation: CPI up again, we're going in the wrong direction (economy, money)
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Not when the trend is increasing inflation rates again.
More bad outcomes from Bidenomics... More and more people have no savings and have maxed out their credit cards. Retail sales missed expectations in February.
Just for starters... Fed Gov overspending. Continuing attacks on fossil fuels.
Not to mention his own inflation act. Then there's his 10,000,000 + Ilegals have to be housed somewhere. That somewhere is entry level housing and apartments, squeezing out Americans that already have a hard time making rent
may be helpful to leftists trying to puzzle this out.
Quote:
In the past few months, political strategists have marvelled at the fact that the economy under Biden was growing (at 3.2pc in the fourth quarter of 2024) but polling on Biden’s performance on the economy was dismal.
A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics.
This explains why the average American voter is angry at Biden about the economy: prices are still rising at a rapid clip and living standards have been substantially eroded under his administration.
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