When Joe Biden was sworn-in as President, the US inflation rate was only 1.4% and his approval rating was 55.8%. Fast forward to today and we have 9.1% inflation and a Biden approval of 37.4%.
Although gasoline prices have declined in recent weeks, the are still up 82% under Biden. Food is up 46% and diesel fuel is up 121% impacting food prices.
It will be fun to watch the Biden Administration and the media “raving on” about “transitory” inflation and no recession. The Biden Administration don’t see a recession coming.