Nostra
Diamond Member
- Oct 7, 2019
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Rampant inflation…..despite Biden’s lies.
Inflation is like compound interest; it just keeps adding up. While annual inflation grew at a 4% rate in May, that was on top of an annual rate of 8.6% last May. So, over the past two years, inflation has been up nearly 13%. The White House tweet absurdly claimed that "[t]his gives families real breathing room." It doesn’t.
Let’s take a look at how the Biden administration’s economic plans are actually working when it comes to taming inflation. Has it really "fallen"? This chart shows the cumulative impact of inflation during Biden’s presidency as compared to the other presidents this century.
www.foxbusiness.com
Inflation is like compound interest; it just keeps adding up. While annual inflation grew at a 4% rate in May, that was on top of an annual rate of 8.6% last May. So, over the past two years, inflation has been up nearly 13%. The White House tweet absurdly claimed that "[t]his gives families real breathing room." It doesn’t.
Let’s take a look at how the Biden administration’s economic plans are actually working when it comes to taming inflation. Has it really "fallen"? This chart shows the cumulative impact of inflation during Biden’s presidency as compared to the other presidents this century.
Biden's failed economy: Here's what those inflation numbers really mean for consumers, businesses
If President Biden’s objective was a stable economy coming out the pandemic, he has miserably failed, the American people know it and it will be an issue in the 2024 election.
www.foxbusiness.com
