If you like high inflation vote for the democrats.

Everett WA

Description

Of all the failings of the Biden administration, the economy certainly makes the top of the list. Despite repeated warnings, Joe Biden chose to spend heavily, print money, and ignore the inevitable consequences to come. Now, inflation is through the rooftops. Many Americans are barely getting by and energy costs are many times more expensive than they need to be. The Biden administration refuses to take responsibility, blaming everyone from Russia to OPEC+ and even Republicans here at home. But hold on things are going to get better right? Rough Times Coming According to Mohamed El-Erian, one of the worst blows to the economy came when inflation was written off as transitory. The economist then stated even when the Biden administration and Federal Reserve realized inflation wasn’t, in fact, “transitory,” their lack of action worsened the situation. This is only projected to keep on spiraling in the months ahead El-Erian told CBS News that the Federal Reserve’s decision to raise interest rates to reduce inflation isn’t good enough and happened too late. Consumer costs are still growing. Meanwhile, even the central bank is openly admitting to the “pain” that lies ahead for Americans. Finally, El-Erian said the Federal Reserve is now in a position of having to not just beat back inflation, but also regain its credibility in the eyes of the American people. Little Consolation for the American People Months ago, the Inflation Reduction Act was passed into law. Meanwhile, economists across the board admit this law will not live up to its name. If anything, the heavy spending this law entails will only further inflation and worsen the problems Americans are facing each day. Nevertheless, the Biden administration recently held a White House ceremonial event in honor of the Inflation Reduction Act. So spending more money by the government will reduce inflation? Joe Biden seems to think so. We can only hope the republicans can take the House and Senate in the midterm elections and put a brake on all the spending by the democrats. Biden thinks that simply printing more money will fix his problems. I expect we will be in a recession in 2023. Hope you don't lose to much of your 401K money. Lets go Brandon!!!