America Suffers Biden Remorse After Major Whiplash
The pledge made by Joe Biden to “build back better” has been burned to the ground. His agenda, which was heavily influenced by progressivism, has been the cause of a whole host of economic problems. Both inflation and the price of gasoline have reached all-time highs. Americans are struggling to make ends meet. However, the worst of it has just occurred.
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The Federal Reserve was forced to raise interest rates, which has a negative impact on the stock market. Following the announcement of a significant increase in interest rates by the Federal Reserve, the Dow Jones fell below the 30,000 mark.
Just a few weeks ago, experts anticipated a smaller increase in the interest rate. However, as inflation continues to worsen, it would appear that the Fed was left with no other option.This comes at a time when the federal government has shown little concern for the rising cost of living over the past year. Despite what the predictions of the experts were, the Biden administration stated that it was “temporary.”
Even after warning signs emerged, the Federal Reserve continued to maintain historically low-interest rates. They are only taking action to combat inflation now when the damage has already been done to such a severe degree.It is interesting to note the stark contrast between what is happening now and what experts predicted would happen in 2016, back when those predictions were made.
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If Trump were elected, many people who specialize in economics predicted that the economy would plunge into a deep depression. In reality, the opposite occurred. However, those in authority told us that Biden was our only shot at winning in 2020. His administration is to blame for the potential economic downturn that we are experiencing today. Despite all of this, Biden persists in asserting that the current state of the economy is the “best” in our nation’s history. I’m curious as to whether he’ll continue to say that when people start losing their homes and gas lines start appearing.