Inflation at a 40 year high, energy costs up 40% since last year…..consumer confidence at the lowest level ever. All that after Trump departed with the US as the best performing major economy through the first year of Covid.
The negatives in Biden’s policies are actually synergistically interacting at this point…. a kind of negative spiral. Workers who travel any distances to work are finding their gas expenses are up so much their net take is plunging. Plunging enough that the net isn’t great enough to keep many in the workplace….when the government is giving people an incentive not to work.
Never has an economy been crushed so quickly,