• May 23, 2024

Biden Admin Sent Reeling By ‘Nightmare’ Report

Biden Admin Sent Reeling By ‘Nightmare’ Report – This Could Cripple Joe’s 2024 Chances

President Biden is facing a cascade of crises. Since nearly the start of his presidency, America has been suffering from one bad decision after another. Under Biden, the country is facing problems that have put strain on every family.

Yet, Biden and his administration seem incapable of climbing out of this pit.

Approval ratings and election polls reveal voters blame Biden for all of these problems. But it is only getting worse for the Democrat, who is seeking a second term. As his party calls on voters to keep him in power, he gets hit with a damning new report.

From Daily Caller:
The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans…

U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF.

“It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF.

According to experts, America is experiencing stagflation, a painful situation that is hard to get out of. This problem is a combination of slow growth, high unemployment, and elevated inflation. This is largely due to Biden’s policies which have hampered economic growth, forced inflation, and shut down American fossil fuel production.

Attempts by Biden to “fix” this problem have only made it worse. Biden has decided to throw tax dollars at “green” tech, which is failing miserably. Meanwhile, he appears to be prioritizing the defense of Ukraine and other countries, while America’s border is left open.

It appears Biden is listening to far-left environmentalists and defense contractors to make economic decisions. Policies that would spur on job growth, lower prices, and raise wages have been neglected.

Biden’s mounting problems are only hurting Americans more and more. While the liberal media and the Democrat party claim everything’s “fine,” most Americans struggle to make ends meet. It could amount to a major referendum this November.

Key Takeaways:

  • According to experts, America is facing stagflation, a painful economic crisis.
  • Biden’s economic policy is responsible for this problem, which includes inflation and high government spending.
  • Most polls show Americans blame Biden for the country’s problems.

Source: Daily Caller

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Mick Farthing

Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.

Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.

Source

The Daily Allegiant