In a recent survey, seven out of ten registered voters said 2021 was a bad year for the country, and 55 percent said it was a bad year for them personally. Brace yourself because I have bad news: 2022 will not be any better. In fact, I think it may be worse. Let’s look at why I feel that way.
It’s the Economy, Stupid
That phrase helped Bill Clinton win in 1992, but it’s going to help Democrats lose in 2022 because the economy will still be drowning in inflation by the time the mid-term elections take place. I do expect the supply chain problems to continue. That means inflation looks like it will continue to rise for most of the year. Food prices will be much higher. The average gas price will go back up above $4.
Mixed with less spending due to higher prices, this will eventually become stagflation, meaning people will spend less even as prices rise, slowing the economy.Continue reading “Ringing in 2022 with Some Depressing Predictions”