The economy under Joe Biden continues to worsen.
Despite the so-called “Inflation Reduction Act” and Biden’s many promises, consumer prices have yet to show signs of slowing down.
September consumer price index (CPI) was up nearly 4 points year-over-year according to the Labor Department. (Trending: Biological Man Wins ‘Woman of the Year’)
July and August saw increases in the CPI of 0.4 and 0.6 percent.
Economists had predicted increases at 0.3 percent, which was already high.
Food prices and new car purchase prices have each risen over 10 percent in one year, an astoundingly high increase for such a short period of time.
Core CPI prices are currently up over 4 percent year-over-year.
It’s becoming unmistakably clear that Joe Biden is completely inept at handling the economic problems that face America.
A poll from the Wall Street Journal shows that roughly 3 out of 5 voters disapprove of Biden’s handling of the economy.
63% say they do not approve of Biden’s handling of runaway inflation.
Rep. Scott Perry: "The American people should not be forced to suffer under this economy when they can't afford their interest rates, credit card payments are through the roof, can't afford gas, electric, food, because Biden needs to have an impeachment inquiry done on him. The… pic.twitter.com/DOmeKd3Eqs
— ForAmerica (@ForAmerica) September 12, 2023
In another survey, the Federal Reserve Bank of New York found that consumers are increasingly pessimistic about their finances under Biden.
A significant number of Americans believe their financial situation is “much worse” under Biden. (Trending: NFL Legend Crushes Trans Activists)
The non-profit group Media Research Center has compiled five areas that sum up the economic impact of Joe Biden. It includes:
• Gas prices are up 63%.
• Real wages have gone down for Americans.
• Prices are skyrocketing 3 times faster under Biden.
• Mortgage rates are changing for the worse under Biden.
• Saving rates of Americans have collapsed under Biden.
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