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The One Thing President Biden is Getting Consistently Wrong About Inflation
If you had worked hard to save $200,000 in your 401k and it was invested in NASDAQ on the day Joe Biden became president in 2021, two weeks prior to the 2022 mid-term elections you would have had only around $158,000.
This ramification of inflation is one of the main reasons Democrats’ chances of holding congress are sinking fast, even with unemployment matching its lowest point since 1969.
Despite having an economic council of advisors and an entire Treasury Department headed by a former Chairwoman of the Federal Reserve, President Biden is making and will likely continue to make a terrible mistake when it comes to inflation — downplaying the executive branch’s role in fighting inflation.