This opinion piece by Alfredo Ortiz, the CEO of Job Creators Network, addresses inflation, recession, and taxes under Biden, mostly from the angle of their impact on small business, which many have called the economic engine of America. It ties in well with my earlier post on bad economic news. Here’s a quote
“On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar’s value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation.
“Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50 percent. It feels like every daily convenience — from a turkey sandwich to some handyman help — has increased by 50 percent or more.”
Published 5/15/2024. Read the full article.
