Joe Biden has been a catastrophe for the country.
Year two for his regime could be even worse.
And a Trump official just made a prediction that could spell doom for him.
Joe Biden destroyed the economy by inflicting his socialist agenda on the country.
The comparisons to Jimmy Carter are growing louder by the day.
His reckless spending has sent inflation soaring to its highest levels in 40 years.
The price of everything is soaring for battered consumers, hitting them in the wallet.
The regime tried to ignore the problem saying inflation was “transitory” and then insulted the intelligence of the public by saying people might pay more for a treadmill.
Now, there’s no denying that inflation is one of the biggest problems facing the country.
Former senior Trump economist Larry Kudlow made a devastating prediction about where inflation is headed this year.
During an appearance on WABC radio he said, “The Fed has so much more work to do than they will admit . . . Real wages are falling because of the inflation . . . Inflation is a tax on middle income folks. I think that may start to take its toll.”
He predicted that inflation would be not “less than 5% and it could be as high as 8% or 10%,” at the end of 2022.
The annual inflation rate hit 7% at the end of December 2021.
Kudlow also offered his insight in the sluggish stock market.
He said, “It’s a pretty cold stock market that continues to get slammed.”
“There’s a lot of worries out there right now. There was Biden’s press conference where, instead of shifting gears away from big government Socialism, he’s kind of doubling up. He said the problem isn’t his policies — that the people really love him. And he just has to go around the country and communicate better on these policies. I beg to differ. People are not buying the product that he is selling. He’s in denial about inflation,” he added.
An inflation rate of 8-10% at the end of 2022 would be a disaster for the economy and political doom for Democrats.
Inflation that high would spell a wipe out for Democrats in the 2022 midterm elections and approval rating for Biden that would be firmly in Jimmy Carter territory.
Instead of addressing the out-of-control of spending that flooded the economy with money, Biden has been attacking businesses for price gouging.
This head-in-the-sand approach won’t fix the problem.
The Federal Reserve is poised to raise interest rates multiple times this year, which could help whip inflation but tank the economy in the process.
The Biden regime faces no good answers on fixing the inflation problem.
With inflation here to stay, this is going to be a political nightmare for Joe Biden to navigate.
Stay tuned to Conservative Underground News for any updates to this ongoing story.