Climbing out of the COVID-19 lockdowns, Joe Biden ran on “building back better” to jumpstart the economy.
He claims an economic recovery is under way from his far-left fiscal policies.
But he was caught red-handed lying after being exposed by an unlikely source.
The price of everything from lumber to used cars is soaring across the country.
Inflation is at its highest level in the country since 2008 and is on track to hit levels not seen since the ‘70s.
Despite what consumers see every time they go into a store with runaway prices, Joe Biden insists there’s nothing to see.
During a press conference earlier this month Biden said “There’s nobody suggesting unchecked inflation is on the way – no serious economist.”
But Federal Reserve Chairman Jerome Powell blew a massive hole in Biden’s claim.
Powell admitted that “inflation could turn out to be higher and more persistent than we expected.”
After trillions of dollars pumped into the economy to combat COVID-19, the money supply expanded at unprecedented levels.
Biden’s first signature piece of legislation passed on a party line vote was the American Rescue Plan.
The $1.9 billion bill was a grab bag for left-wing special interests who put him in office like the teachers unions.
This massive spending financed by record debt is setting off inflation throughout the economy.
Despite the evidence, the Biden administration blames bottlenecks in the supply chain and hiring difficulties causing a temporary jump in prices as the economy recovers.
Along with a growing number of economists, voters aren’t buying Biden’s inflation denials.
A poll by Morning Consult found that 59% of registered voters blamed Biden for increased inflation.
Massive debt financed spending is nothing new for Biden with his cheerleading of the failed stimulus during the Obama administration that stagnated the economy.
With voters blaming him for rising inflation, passing his multi-trillion dollar left-wing infrastructure bill with a narrow Democrat majority could become a major headache for the administration.
Stay tuned to Conservative Underground News for any updates to this ongoing story.