, real worker wages are plunging, the stock market is cracking, interest rates are rising and recession looms. In a mere 18 months, Joe Biden's presidency completely unraveled as a result of his big-government, socialist, woke policies. His own Democratic Party does not want him to run for re-election and he has learned nothing.
That budget includes roughly $5 trillion in new spending for the "Build Back Better" abomination, $3.5 trillion of new higher taxes on successful earners, large and small businesses and the usual array of Green New Deal plans in the war against fossil fuels, as well as more programs for social justice equity and other forms of race and gender discrimination.
Today's New York Fed survey shows another jump in near-term inflation expectations to nearly 7%. Friday's CPI report came in at 8.6%. Mr. Biden's policies continue in some kind of alternative universe and of course, he continues toIt is true that Putin's Ukraine invasion led to a roughly 1 million barrel per day drop in Russian oil production with the threat of more to come and that drove up world prices.