Bidenomics In Action: 16.7% Bidenflation – The Chickens Come Home To Roost, Hurting Americans

• “Bidenflation” stands at 16.7%, exposing a significant increase in prices since President Biden took office
• Real wages have declined under Biden’s watch, forcing people to cut back on various expenditures
• The American economy is likely to experience a protracted period of stagflation, characterized by economic stagnation accompanied by high inflation
• “Bidenomics” is a failure, and Biden’s misdirected energy policy is the root cause of these issues

More than six out of every ten (61%) Americans live paycheck to paycheck.

American credit card debt has surged by 38%, increasing from $743.5 billion in the first quarter of 2021 to a recent total of $1.031 trillion.

You may wonder why.

via tippinsights.com

I prefer Herr Doktor Professor Krugman’s view — everything will be — is! — just peachy!