(Joe Hoft) The economic numbers for the Biden economy are coming and they are terrible.
Biden Economy
Gas Prices Hit New Record High Over Memorial Day Weekend
(Cullen McCue) The nationwide average cost of a gallon of unleaded gasoline has surged to $4.61, a new record. Experts believe that the average cost could soar to $5 per gallon by July.
Biden Plans To Cancel $10,000 In Student Debt Per Borrower Ahead Of Midterms
(Tyler Durden) As soon as this weekend, President Biden could announce a plan to cancel $10k in student debt per borrower, according to WaPo, citing three people with knowledge of the matter.
BIDEN ECONOMY: Stock Market Down Over 1,100 Points on Wednesday – Worst Drop Since 2020
(Joe Hoft) US Stocks fell today in their worst loss since 2020.
BIDEN ECONOMY: US GDP “Unexpectedly” Declines by 1.4% in First Quarter – Biden Manufactured Recession Is on its Way
(Joe Hoft) We’ve been warning for months that the US was falling into a recession under Biden. Today even Biden’s government reporting shows it.
BIDEN ECONOMY: Jobs Off By Half a Million! Expectations Were for 200,000 New Jobs in January, But Instead ADP Reports a Loss of 301,000 Jobs
(Joe Hoft) Jobs were expected to grow by 200,000 but instead plunged by 301,00o in January. This was the first negative job growth since January 2020.
Christmas Tree Prices Surge Up To 30% Due To Supply Chain Crunch, Shortage Of Truck Drivers
(Cullen McCue) Christmas tree prices are surging as suppliers are struggling to meet demand. Supply chain issues, extreme weather and a growing shortage of truck drivers amid fears of mass firings due to Joe Biden’s vaccine mandate has led to higher prices for both real and artificial trees. Tree prices have spiked upwards of 30%, industry officials told the AP.
Biden Economy: Inflation Accelerates in August, Biggest Increase on Record, as Wholesale Prices Rise Record 8.3%
(TFPP Wire) U.S. producer prices increased solidly in August, indicating that high inflation is likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on.