Bad News Biden. It’s been a rough week for the president. My hunch is he can look forward to even rougher weeks in the months ahead.
His decision to embargo arms to Israel is incredibly unpopular. That is, outside Senator Sanders’s wing of the Democratic Party.
Almost 80 percent of Americans want Israel to destroy Hamas as fast as possible.
Another untruth on the economy — as he claimed he inherited a 9 percent inflation rate.
Actually, President Trump handed over a 1.4 percent inflation rate and President Biden drove it up to 9 percent.
Actually, prices have jumped more than 20 percent under Mr. Biden, including a nearly 40 percent increase in gasoline and a 24 percent rise in groceries.
So working folks — no matter what color, race, or creed — are suffering a 4 percent decline in their real take home pay.
And, by the way, consumer confidence has plunged to 67 percent in the Michigan Sentiment Index.
During the Trump years, sentiment was hovering around 100 percent.
Plus, inflation expectations are now the highest in six months.
Inflation is now picking up speed once again in the new year, running at a near 5 percent clip. Gen Z is going deeper into debt.
And, while inflation tightens its grip on Mr. Biden’s re-election, he thinks he’s FDR by trying to spend $1.5 trillion in the next six months to buy votes and juice the economy.
Read more here.
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