Happening Now: Consumers Slammed By Biden Economy

(DCWatchdog.com) – Happening Now: As this morning’s economic news indicates, consumers in the United States of America are getting slammed by the economy under the presidency of Joe Biden.

As the Daily Caller notes in “Consumer Prices Reach Highest Rates In Four Decades”:

Consumer prices reached the highest rates in four decades, the Bureau of Labor Statistics reported Friday.

“The Consumer Price Index (CPI) for May 2022 climbed 8.6% in the last year, making it increasingly difficult for American consumers to afford everyday goods. This is the largest 12-month increase since 1981, according to the Bureau of Labor Statistics (BLS).” [emphasis added]

And, seemingly, Americans are transferring their economic pain to Biden’s poll numbers.

“The climbing cost of living has been blamed for President Joe Biden’s sinking approval ratings. CNN senior data reporter Harry Enten said in early May that the American people should blame Biden for his “awful” economic polling numbers after the outlet found that 77% of Americans believe current economic conditions are bad.” [emphasis added]

As one Biden critic noted:

Overall CPI: +8.6% since last year
Gas: +48.7%
Fuel Oil: +106.7%
Meat, Poultry, & Fish: +13.1%
Milk: +15.9%
Eggs: +32.2%
Coffee: +15.3%
Used Cars: +16.1%
Airline Fares: +37.8%
Real Average Hourly Earnings: -3%

What is your opinion about the economy in the United States of America under the presidency of Joe Biden? Do you think the record-high inflation harming American consumers is Biden’s fault? If not Biden, who is to blame? Please email your thoughts to [email protected]. Thank you.