PEOPLE ARE STILL FEELING BIDENFLATION
By: Derek Varsalona
The good news for President Biden is that Bidenflation is going down. The bad news for President Biden is that Bidenflation still exists. Yes, inflation might still be going down. But it still exist and people feel that their wallets are getting lighter. There is less change in their pockets and the cost of medicine is still high every time you go to the pharmacy. The cost of eggs is still around $6.00 a dozen and the prices only seem to increase.
Inflation has felt more than 60%. But the American people do not feel the savings. The American consumer is getting squashed and the real reason is President Biden’s economic plan is not working. The best option for President Biden would be to fire his economic team before the election.
President Biden says he is bringing costs down. Cost might be going down but the people do not see it and do not feel it. The cost still remains high at every turn. People are losing their savings due to high inflation, and people are now dipping into retirement. People in my generation, I am 43 feel that retirement is a long way off and not achievable at this point.
Bidenflation is upon us and is getting worse, not better. President Biden's economic policies are to blame. A suggestion to President Biden. Fire your economic team. As always comments accepted.
Bidenflation is upon us
Source: President Joseph R. Biden. “Statement for National Economic Advisor Lael Brainard on March PCE Report.” whitehouse.gov Washington, DC: April 26, 2024.
https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/26/statement-from-national-economic-advisor-lael-brainard-on-march-pce-report/
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