INFLATION IS KILLING US
By: Derek Varsalona
President Biden might say that inflation is going down, but the American's wallets and purses are getting lighter. Americans are losing their savings and are cash strapped as people need to cut into savings to buy the daily or weekly essentials. The average price of a 12 carton of eggs right now is $6.00. The average amount for a gallon of milk is $4.00. President Biden is right inflation might be going down. But the American people are not feeling it and the Inflation Reduction Act needs to be helping one bit. The Inflation Reduction Act is actually hurting people since inflation is still at an all-time high.
Small businesses are the life engine of the American economy. But right now, due to inflation and President Biden’s involvement in the market being are literally getting squashed economically by inflation. Inflation is essentially a high tax on the poor and the middle-class Americans. Inflation is hurting the American consumer and because of that the small business is also hurting in the long run.
New business applications are going up. That is a good thing. Most of America is a small business in this country. But the small business owner is getting killed by Bidenflation. The Bidenflation is killing America and Americans are feeling it. The fact is that inflation is caused by the record amount of government spending in the Biden Administration. If President Biden, truly wanted to reduce inflation it is not going to be done by the Inflation Reduction Act. It is going to be done with the government stopping putting their hands in the cookie jar, that is to say, stop dipping its hand into the economy.
Black-owned business applications are going up. That is a good thing. Now, the people are going to notice how bad the Democrats are for the business and how it is that Bidenomics is causing inflation in the first place. The Inflation Reduction Act, is what is the driver of inflation. The Democrats claim to be for the middle class and the poor. But it is the poor and the Middle Class that are getting nickeled and dimmed to death by record-high inflation.
The Inflation Reduction Act is what caused inflation in the first place. President Biden is killing the free market. President Biden is what caused the inflation and President Biden is not going to solve it, he is only going to make it worse.
Source: President Joseph R. Biden. “ Fact Sheet: Celebrating National Small Business Week, Biden-Harris Administration Announces Record in Federal Procurement Dollars Awarded to Small Business.” WhiteHosue.gov Washington, DC: Monday, April 29, 2024.
Inflation is killing us
Image: Senate Republican Policy Committee
July 13, 2022
https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/29/fact-sheet-celebrating-national-small-business-week-biden-harris-administration-announces-a-record-in-federal-procurement-dollars-awarded-to-small-businesses/
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