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Biden’s Insane Policies Are Destroying the Economy – Consumer Spending Plunges, Inflation Reaches Highest Increase in 30 Years

Biden’s Insane Policies Are Destroying the Economy – Consumer Spending Plunges, Inflation Reaches Highest Increase in 30 Years

The Biden/Obama Administration’s policies are taking a toll on today’s and tomorrow’s economy in the US.  Inflation is at a 30 year high by some measurements and consumer sentiment is falling.

The Epoch Times notes that consumer sentiment in the economy is falling.

New government data shows U.S. consumer spending in July grew by a lackluster 0.3 percent, a far slower pace than the 1.1 percent pace of growth in the prior month and a sign that the economic recovery may be losing steam in the third quarter as the Delta variant spreads.

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The Times also noted on Friday that inflation is at 30-year highs.

The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.

We’ve reported on the Biden inflation before.

It really is hard to believe that someone could do any worse with this country if he tried.  What a mess Biden has gotten the US in.  

Cross-posted from Gateway Pundit

With the shutting down of oil pipelines, halting exploratory drilling in public land or sanctuary, we have seen our gas prices go up by double in many places; consumers know that the Trump economy is still coasting, but rather than leave it be, Biden has done an all-out assault against it, it is only a matter of time before he undermines it too much and the whole thing comes crashing down.

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We at 0censor and most of you know what will happen when that time comes around; the ‘never accept responsibility’ Democrats will try to blame the crash on Trump. It is the one thing they excel at, other than screwing up everything they touch, blaming others for their failings.

In a little over a year from now, we are faced with a sad reality; if we don’t come out and vote like never before against this administration and the Democrats controlling this nation, we could very well see the downfall of this republic within a couple of years.

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About The Author

Timothy Benton

Student of history, a journalist for the last 2 years. Specialize in Middle East History, more specifically modern history with the Israeli Palestinian conflict. Also, a political commentator has been a lifetime fan of politics.

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