Nobody expected that Biden would do so much to weaken America in such a short period of time, and it could be leading us to financial disaster.
We knew that Joe Biden was going to come into office with the intent of destroying Trump’s legacy as the President of the United States.
We knew this because he told us he was going to do this, and for a guy that doesn’t know where he is half of the time, it’s the only campaign promise we KNEW he was going to keep.
So far, he’s proven us right.
It seems to be the only thing he plans on staying true to – as he’s already faltered on many of the promises he made while trying to con the American people into thinking he’d make a better POTUS than Donald Trump.
However, I wonder if those people who fell victim to that con job would have voted for him if they knew that the cost of getting the mean tweeter out of office would be the financial future of our great country?
Would they have still pulled the lever for Biden if they knew that on day one he was going to kill TENS of thousands of current and future jobs by ending the Keystone XL pipeline, then a few weeks later ended construction on the border wall and banning racking on federal land, even though he promised he wouldn’t.
He may be the biggest jobs killing president that has ever existed.
These lost jobs weren’t lost due to the free market; but rather, by the stroke of his shaky hand.
If you don’t think these lost jobs are affecting the financial future of our country, you’d better think again.
There is always a reaction to these kinds of events in the national consciousness, and it’s infected our optimism for a brighter future.
Inflation Isn’t Coming… It’s HERE
With fewer people working due to being subsidized through both federal and state governments, and more businesses closing down, there is less competition, and this lack of workers and lack of competition is helping the ghost of inflation that has been hanging over our heads since Obama signed the 2009 Stimulus bill.
No longer is inflation just a ghost, It’s a full-on poltergeist playing tricks and pranks on us, and if we’re not careful, it could lead to a violent entity hellbent on destroying us.
And because inflation can be measured by numbers… Let’s take a look, shall we?
The Labor Department just released its report for May, and it confirmed what we thought was happening, as the prices charged by U.S. businesses for goods and services rose in May at the fastest annual pace recorded in the past 11 years.
Now, for those that don’t know…The Producer Price Index is one of the ways that we gauge inflation, It predates the more popular Consumer Price Index, and it’s the oldest continuous statistical series of the U.S. government.
Biden’s Gift of Inflation: By the Numbers
There is concern amongst economists and financial analysts alike as the Producer Price Index rose 6.6% last month from the year before. What’s frightening is that it seems to be ramping up, as just the month before in April the index rose less than a percent.
Both the annual and monthly figures exceeded the expectations of analysts and showed an acceleration of prices from April,
With the prices of goods jumping 1.5% and services jumping 0.6% in the month.
Not counting food and energy, producer prices rose 4.8% annually, in line with expectations, but the 0.7% increase from a month earlier was higher than analysts expected.
However, when it comes to food, prices experienced a FAST rise in May, forcing some families to curb their food spending.
Grains sellers raised prices 25.7% compared with a month earlier, pork prices rose 10.5%, turkey prices rose 6.5%, shortenings and cooking oils jumped 9.3%, and overall food prices rose 2.6% last month.
That’s the highest monthly food inflation recorded in records going back to 2010 save for last year’s lockdown hoarding jump of 5.7% and a surge in February 2011.
That’s scary, and it should make people very worried.
We knew this was coming, but it was given a turbo shot with Biden’s terrible decisions and policies.
Can we pull ourselves out before the economy crashes?
That remains to be seen, however, what we do know is that they’ll try to blame this on Trump; that’s the only thing the Left is consistent in doing well.
Don’t believe it. This is Biden’s fault.
What’s worse is we’re only feeling the first rumblings of the coming storm, and as bad as it gets, it’s a shame that we won’t find any shelter with Sleepy Joe.
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring temporary prosperity; both bring permanent ruin. But both are the refuge of political and economic opportunists.” – Ernest Hemingway