Biden's Inflationary Policies Will Be Keenly Felt at Christmas
The Biden Blue Christmas is heading this way. So far, his tenure in the White House has been marked by successive, self-created scandals, especially at the southern border and the totally botched exit from Afghanistan. But the most lasting, broadest policy blunder of all is the Biden economic crisis that will culminate in a holiday season of shortages, frustration, and economic malaise.
The latest data points showcase the severity of inflation’s surge, with last week’s Core PCE (personal consumption expenditure index) reaching the highest level in 30 years. That number validates the earlier consumer price index readings of June through August at 5.3% or above, the highest inflation levels since 2008. Compare that pricing spike with the end of the Trump term, when the 45th president handed off to Joe Biden a tame inflation rate of only 1.4% for January 2021. In fact, even as America aggressively reopened from pandemic restrictions in mid-2020, Trump engineered an economic recovery with inflation at 1.4% or lower for the last six months of his administration.--
More...
