Pixabay Image
The Biden Economy is openly criticized by citizens and analysts alike, and voters will respond in kind this November.
Biden's economy has been married by persistently high inflation and mismanagement. Inflation has printed the Federal Reserve to keep rates above 5% and stimulus programs have kept inflation high. The stock market no longer reflects the reality of main Street.
It's a double whammy of rate increases that have made purchased more difficult and inflation that has harmed the middle and lower classes. Defaults and bankruptcy have both increased in the population, and the Federal Reserve's inflation target of 2% has not been achieved. Layoffs will rise as consumers lose purchasing power and rates require more cost of capital to pay for projects.
Inflation under the Trump administration was approximately 2% and Biden has more than doubled this to 5%. Out national debt is $35 trillion and time is running out. I will be voting to remedy this situation come November along with millions of my countrymen.
Source:
