Biden’s Economy: High Inflation, High Gas Prices, Empty Shelves

It’s official. Joe Biden is the inflation president. Biden’s Economy

Inheriting an inflation rate of 1.4 percent from Donald Trump, Joe Biden has delivered in his one year in office price increases, not double or even triple but more than quadruple the rate he inherited. As everyone who purchases virtually anything will attest, prices are higher, much higher – with an annual rate for 2021 of 7 percent.

And the situation is likely to get significantly worse as supply chain woes continue to afflict every aspect of our economy as American consumer dollars are going to be chasing fewer and fewer goods as store shelves are becoming barer and barer

If only someone in the Biden administration had taken a high school economics class, they would be able to diagnose the problem and do something about it. Instead, they are steeped in the religion of climate change, and according to spokeswoman Jen Psaki, “The president wants to make a fundamental change in our economy, and he feels coming out of the pandemic is exactly the time to do that.”

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