Back to the ’70s: Latest figures show Bidenomics failing

Delaware's U.S. Senator Joseph Biden points out a friend in the crowd at the Padua Academy to President Jimmy Carter during a fundraiser. Carter spent the evening in Wilmington campaigning for Biden who is running for a second term.

WND: The latest data confirms that implementing the policies that wrecked the economy back in the 1970s will have the same result today, warns economic journalist Charlie Gasparino.

“Bidenomics isn’t working. It’s built on a lot of wishful thinking, and a lot of cash,” he wrote. “Post-COVID, the economy will grow on its own, so you have to ask whether all this spending is worth the inflationary risk.”

For the Lord your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.” Deuteronomy 15:6 

The 5% spike in the consumer price index announced Thursday is the highest level in 13 years, noted Gasparino, a correspodent for the Fox Business Network.

“And it’s not like we weren’t warned this was coming,” he said

The two main factors causing inflation are at work today, “on steroids,” he said, the Federal Reserve keeping interest rates too low for too long and massive government expenditures. . Read More