EppsNet Archive: Federal Reserve

Thomas Jefferson on Bidenomics

 

My fellow Americans – President Biden is currently on a “Bidenomics” tour. Terrible name, “Bidenomics,” because nobody likes Biden so they’re not going to like anything with his name in it. Call it “Satanomics: The Economy is Stronger Than Hell,” which is a lie but so is everything else he says about the economy. His economic team recently posted a “Here Are the Facts” video, the first of which is, “Under the Biden Harris Administration Inflation Has Fallen.” That’s true — if by “Fallen” you mean “Risen.” The annual inflation rate when Biden took office was 1.4 percent. In May 2023, it was 4 percent, about three times higher. Inflation is lower today than the 9.1 percent peak that we hit last June, but you don’t get credit for pushing it to unprecedented levels and then watching it come back down, particularly since it only came down as the Federal… Read more →