Here is What Happened After Biden Got Concerning Report
It should come as no surprise that Joe Biden’s nemesis has once again reared its ugly head. The data for inflation in August are in, and can you guess what they show? Inflation continues to climb.
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Since this time last year, there has been an 8.3% increase in price. That’s a significant leap and one that every one of us has witnessed firsthand. Those who had faith in the White House were taken aback by the information. And the markets performed quite poorly as a result.
A few cents were taken off the price of gasoline, but those gains were more than offset by the continuously climbing prices of food and rent. This morning, a plunge was the reaction of the markets to the news. A president with intelligence would respond quickly to address this issue. It is possible that an honest assessment of the fact that our economy is in shambles is in order.
I’m aware that we make a lot of jokes about Joe. However, we need to start asking questions about what is happening in his brain. Even compared to a year ago, inflation is still at historically high levels. In comparison to August 2021, prices were 8.3% higher in August of this year.
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Even more concerning is the fact that inflation has increased since July. Because of this, working families and anyone else struggling to make ends meet now have a far greater burden to bear. When compared to the prices from two years ago, the cost of gasoline remains relatively high. This has a continuing negative impact on the prices of everything else.
Biden, though, asserted that this demonstrates that the state of our economy is improving. Do you remember when the last guy held the office? The economy did really well. In addition to that, this development did not require an excessive amount of time to take place.
It was as simple as cutting regulations and taxes, giving priority to American workers, and putting the country’s economy first. Nothing of the sort is being done by Biden. It seems to be nothing more than a happy accident that anything positive is coming out of this economy. It is quite disheartening to see President Biden’s administration celebrate relatively insignificant and fortuitous advances as victories.
The current administration is unable to identify a single choice that it has made that has resulted in a significant improvement for the country as a whole. It has been one catastrophe after another since this began. And the thing that should really stun you? Nobody in the White House is willing to take ownership of the situation and accept responsibility for it.