Now at 9.1%, Biden’s Inflation Keeps Getting Worse
The June inflation numbers are a disaster, coming in at a 40-year high of 9.1%. After the Biden administration’s repeated victory laps crowing about “the fastest-growing economy in the world” and how we’re “stronger economically” than ever, the downward spiral is feeding a growing consensus that President Joe Biden and his Democrats in Congress are actively making things worse. According to official numbers, prices rose 1.3% on the month, which translates to an annualized pace of nearly 17%. Controlling for manipulated housing statistics, the numbers are even worse: 1.7% on…
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