The bad economic news just keeps coming. Last week’s inflation report confirmed many economists’ fears that soaring inflation is here to stay. Gas and diesel prices have surged to all-time highs. As a result, shipping costs are increasing and compounding the pain of inflation as businesses pass more costs on to consumers.

While weekly trips to the gas station and grocery store are painful reminders of the impact of the Biden price spike, Americans’ long-term personal finances have also been battered by Biden’s agenda. Americans are seeing their 401Ks lose value every time they check. The stock market is off to its worst year since the 1930s. In addition, rising interest rates have significantly decreased potential homebuyers purchasing power and sparked fears of a 2009 style housing crash.  

Biden’s out-of-touch agenda has been disastrous for Americans’ wallets and driven the economy to the edge of a major recession. 

Sincerely,
 
Matt
Deputy Executive Director
State Government Leadership Foundation