Everyone is feeling the pinch of the Biden economy. The Bureau of Economic Analysis revealed that personal consumption expenditures rose 5.7 percent from last year. This represents the largest spike in nearly 40 years.
Couple that fact with the facts consumer prices rose at the fastest pace in 39 years and producer prices rose at the fastest pace on record.
Paychecks are getting smaller while prices are going higher. None of this is good. Prices up, wages down.
If you
When asked about concerns related to the supply chain, Biden instead said the problem will be gifts are going to “cost you money” as he laughed about it. The cost of the holiday is up by as much as 15 percent compared to last year.
Biden laughs that Christmas gifts will "cost you money" this year, as prices surge at the highest pace in 39 years.
What's funny about that? pic.twitter.com/cQ8wg4a2n3
— RNC Research (@RNCResearch) December 15, 2021
