(TheLastPatriotNews.com) – Another month and another new painful record when it comes to Joe Biden’s out-of-control inflation hurting American families.
The last time inflation in the United States of America was this bad, Ronald Reagan was in the early days of his presidency, and he was trying to tame a disastrous economy handed to him by President Jimmy Carter.
As the AP notes today:
“The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
“Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.” [emphasis added]
What does that mean for American families?
“America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their ability to afford discretionary items, from haircuts to electronics. Lower-income and Black and Hispanic Americans, in particular, are struggling because, on average, a larger proportion of their income is consumed by necessities.” [emphasis added]
With a majority of Americans now telling pollsters a severe economic recession — even a depression — is coming, it’s no wonder that Joe Biden and the Democrats are receiving some of the lowest job performance marks in modern political history.
What is your opinion about how Joe Biden is dealing with inflation? Do you think he cares about how American families are being harmed? Please share your thoughts by emailing [email protected]. Thank you, and have a good weekend.
JUST IN – US inflation jumps to 8.6% in May, the highest since 1981.
— Disclose.tv (@disclosetv) June 10, 2022