All week long, Joe Biden’s team has been prepping for the economic reports to hit.
Of course, it is the same narrative… that Joe Biden’s plan is working great, only it’s not.
The numbers have started to move back in the wrong direction, and Republicans went off after the initial reports came out.
Alternate Reality
This was pretty predictable, as we know the benefits of the reserves release and the big spending bills would start to take effect after the new year.
Gasoline is already ticking back up to $4 per gallon nationally and inflation is up 0.5 percent in January.
Joe Biden plans to release more oil from our strategic reserves to try to lower the gasoline price, but he is already behind on that front.
While inflation is not nearly what it was last June (it was 9.1 percent), it is still fairly high at 6.4 percent.
Most experts believe that is a drop in the bucket compared to what we will see come the winter months, when a full-blown recession has been predicted.
House Majority Whip Tom Emmer stated, “Just last week Joe Biden took a victory lap on the economy, but today’s report confirms he’s living in an alternate reality than Americans watching prices get higher by the day.
“We have to rein in the reckless spending and put America on a path to sustainability for years to come.”
Senator Tom Cotton (R-AR) added, “Biden may have stopped caring” about the price hike but “the inflation caused by his policies is far from over.”
Reps. Boebert (R-CO) and Clyde (R-GA) have also been hammering Biden on social media.
All I am going to say is do not get too comfortable just yet because this ride still has as lot of bumps head of it.
Source: Fox News
