With politicians of the liberal ilk, especially in the current administration, it’s fair to assume the opposite of anything they say to be the actual truth.
Economy sinking? Blame “technical factors”.
US-Mexico border in ruins? Blame Trump.
Gas prices at historic highs? Blame Putin.
Never, ever will the Joe Biden or his administration officials ever come close to admitting – not even once – that perhaps their policies are directly responsible for a rapidly decreasing quality of life in America.
GDP contracted at a 1.4% annualized rate in the first quarter, the Bureau of Economic Analysis reported Thursday morning, meaning that slowing commerce added to the woes of high inflation.
Biden released a statement in an attempt to skirt blame and distract from his failures. Citing “technical factors” as the main reason behind the current economic decline, Biden’s team is working overtime to adjust the narrative.
You can read Biden’s statement here.
The decline in GDP, which is adjusted for inflation, is a major reversal from the previous quarter when growth soared to a 6.9% rate as businesses began healing faster from the pandemic. It’s the first such contraction since the second quarter of 2020 when the economy suffered the massive shock of coronavirus shutdowns.
These economic numbers reflect the current state of America, real America, as average citizens witness it on a daily basis. Between the shuddered businesses, high food prices, historically inflated gas prices, expensive homes, expensive cars — and all for what? So Joe Biden and his administration of interconnected globalist automatons can funnel money through Ukraine to achieve their horrific One World Order aims?
In addition to the shrinking economy, Biden and the Democrats must also contend with the historic rate of inflation currently plaguing our country. Inflation rose to 8.5% in March, according to the consumer price index.
The buckling economy has had little effect on the way in which American consumers spend their money.
Consumer spending grew at a healthy 2.7% annual rate.
Retail therapy, as they say…
Much of the current economic decline can be explained by a lack of exports and a sharp increase in imports — a sign that America is more beholden to foreign products.
A decline in businesses buying inventories also shaved about 0.8 percentage points from the overall GDP growth rate.
Whichever way you slice it, the current economic policies put in place by Joe Biden and his administration of whack job leftists are solely responsible for the tangible decline in quality of life.
This inarguable point is a key factor in what will soon be the Red Tsunami of 2022.
Author: Nolan Sheridan