Trevor Noah recently made this joke:
“Things are really looking up during your time in office Mr.President, rent is up, inflation is up”….etc, etc. The joke garnered laughs from the entire crowd—especially Biden himself.
While the joke is spot on, nothing about this is funny. No one, especially the chief resident at the White House nursing home should be laughing at this.
Inflation has hit a 40 year high, and it is likely much higher than is actually being reported. Keep in mind that 40% of all the U.S. Dollar bills in circulation were printed during just 1 year of the pandemic.
U.S. GDP fell 1.4% in the first fiscal quarter of this year, and markets have taken a hit, and show signs of a continued downtrend as a result of Biden’s disastrous economic policies.
This destruction of wealth is reportedly causing Americans to come out of retirement, and in some cases individuals are having to forego retirement altogether—this is Biden’s America.
Here’s more on the story:
Millions of Americans are watching their 401k and retirement vanish right before their eyes…many more don’t have the time to earn it back.
Joe Biden’s failed economic policies are ruining American livelihoods. https://t.co/Nge3oIVCMf
— Rep. Jody Hice (@CongressmanHice) May 6, 2022
DNC's New Green Deal: Runaway inflation forcing millions of hard-working Americans to come out of retirement or permanently delay retirement.
— Little Stinker (@LittleStinkerYo) May 7, 2022
The Daily Wire tells readers:
According to Bureau of Labor Statistics data, the number of retired seniors surged from 28.3 million in February 2020 to 31.6 million in October 2021, however, higher price levels and other economic challenges are now forcing Americans into “unretirement.”
How much is the stock market going to drop tomorrow after the inflation numbers come out?
Americans are losing tons of money in their
401K retirement accounts due to Biden’s policies!— MAGASunnyDays🌻🌞 (@SmellyCat2Sunny) April 11, 2022
Americans fear collapse of retirement funds, S&P stocks suffer longest losing streak in a decade, intentional food and other shortages looming because of Biden war on fossil fuels, other failed policies and open borders exacerbating those problems.
— mal1976retaf (@mal1976retaf) May 7, 2022
CNBC presents key U.S. economic data:
The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter, but the initial estimate for Q1 was the worst since the pandemic-induced recession in 2020.
GDP measures the output of goods and services in the U.S. for the three-month period.
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