Biden's Economic Crisis

President Biden and House Democrats’ out-of-control spending has caused a key inflation index to hit a new record high. The producer price index (PPI) climbed at the fastest annual pace on record for the fifth consecutive month in August. BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: Inflation is taxation, and it has gone up every month of Joe Biden’s presidency. PPI… Read more »

President Biden’s economic crisis continues as nearly half a million FEWER jobs were created in August than expected. CNN called the August report a “big disappointment” while CNBC said it was “terrible news” for the American economy. The August jobs report is the weakest of Joe Biden’s presidency, with 8.4 MILLION Americans remaining unemployed… Read more »

President Biden and House Democrats' out-of-control spending caused a key inflation indicator to reach a new record high in July.  The Producer Price Inflation (PPI) index rose 7.8% over the last 12 months This is a new record high since the Bureau of Labor Statistics first began calculating the index in November 2010. BIDEN'S INFLATION BY THE NUMBERS:  Inflation has… Read more »

President Biden and House Democrats' out-of-control spending continues, and so does skyrocketing inflation. The consumer-price index rose 5.4% in July from a year earlier, matching the largest jump since right before the financial crash in August 2008.  Inflation is taxation and Americans are paying more for just about everything because of inflation.  BIDEN'S INFLATION BY THE… Read more »

The Senate passed President Biden's reckless $3.5 TRILLION tax and spending spree bill in the dead of night. Self-described Socialist Senator Bernie Sanders authored this legislation, so it's not surprising that this Socialist spending spree includes job-killing tax cuts and amnesty for millions of illegal immigrants.  WHAT'S IN BIDEN'S RECKLESS $3.5 TRILLION TAX AND SPENDING… Read more »

Inflation is taxation.  Now even CNN is forced to admit that President Biden and House Democrats' out-of-control spending is causing Americans to earn less because of inflation. According to an analysis by Jason Furman, an economics professor at Harvard University, "compensation is now lower than it was in December 2019, when adjusted for inflation." THE BIDEN INFLATION BY THE… Read more »

Brady on July Jobs Report: Movement on Closing Biden Jobs Gap Boosted by Ending Unemployment Bonuses President Biden is still nearly 300,000 jobs short of stimulus projections. With the July jobs report showing movement with lower unemployment and revisions upward of past months, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) released the following statement: “Thanks in… Read more »

President Biden and House Democrats’ out-of-control spending continues to cause inflation to surge.  The Personal Consumption Expenditures (PCE) price index rose sharply again in June and the increase over the past year remains at a 13-year high.  THE BIDEN INFLATION BY THE NUMBERS:  The PCE price index rose a sharp 0.5% in June. It was the fourth big upturn… Read more »

The United States’ gross domestic product (GDP) grew at a “disappointing” 6.5% annual rate in the second quarter of 2021, falling well short of expectation.  This disappointing report can be directly attributed to President Biden and House Democrats’ policies, which are incentivizing Americans to stay out of the workforce.  Q2 GDP BY THE NUMBERS: The… Read more »

Inflation is taxation! Millions of American families are seeing firsthand the disastrous effects of President Biden and House Democrats’ out-of-control spending as the cost of back-to-school shopping has skyrocketed.  Mary Elliott, a parent in Fort Worth, Texas, told CBS News, "It's kind of crazy just to see how the prices have gone up so exponentially.” THE FACTS: … Read more »