Joe Biden is destroying the American economy and small businesses are feeling the crunch of inflation.
Joe Biden stole the 2020 Election and then immediately began destroying the US economy. Americans are seeing it and feeling it now.
Small business owners are feeling the pain:
Small business owners say ‘Bidenomics’ is bad for the economy and won’t help the country climb out of inflation, a sign of trouble for President Biden who is struggling to get his message across ahead of this year’s election.
The Job Creators Network Foundation Small Business survey, exclusively obtained by DailyMail.com, reveals small employers’ outlook on the U.S. economy has hit a 14-year low.
According to the poll of 400 small business owners, 61 percent say that Joe Biden‘s signature ‘Bidenomics’ plan is ‘bad for the economy.’ And only 26 percent say the president’s plan is helpful in the current environment.
One reason for the record lows in expectations about the US economy is inflation. You can’t go out to eat at any establishment and not see that the cost of a meal when compared to three years ago has increased dramatically.
Inflation rose year-over-year in December, even as the Federal Reserve projects interest rate cuts by the end of the year, according to the latest Bureau of Labor Statistics (BLS) release on Tuesday.
The consumer price index (CPI), a broad measure of the prices of everyday goods, increased 3.4% on an annual basis in December and 0.3% month-over-month, compared to 3.1% year-over-year in November and above expectations of 3.2%, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 3.9% year-over-year in October, compared to 4.0% in November.
Honest economists and Americans know that the Biden economy is a disaster.
Small business optimism ticks up in Dec but remains very depressed and well below its long-run average; earnings have been getting crushed and remain way below pre-pandemic level; firms continue planning higher-than-average price increases to make up lost ground: pic.twitter.com/Y3drlIMtbM
— E.J. Antoni, Ph.D. (@RealEJAntoni) January 10, 2024