Kamalanomics: Worst Inflation Record Since 1977Amy Furr 15 Aug 2024
Consumer prices have soared 20.2 percent since Vice President Kamala Harris and President Joe Biden took office 42 months ago, according to the Department of Labor’s Consumer Price Index (CPI).
Americans continue to feel the strain of runaway inflation.
That is the worst inflation record for any president since Jimmy Carter.
Kamala Harris and Joe Biden have spent the last three and a half years promoting the same ideas and touting the same economic programs. That’s now seen as a burden for Harris as she tries to distance herself from Biden’s unpopular programs and economy.
However, Harris is likely to have trouble escaping responsibility for inflation and economic malaise. As vice president, Harris set a record for casting the most tie-breaking votes in the Senate for Biden’s partisan legislation, including some of the largest deficit spending bills in recent history. The $1.9 trillion American Rescue Plan, passed with Harris’s tie-breaking vote shortly after Biden and Harris took office, is seen by many economists as a key accelerant of inflation.
A Financial Times/Michigan Ross poll found in May that a majority of voters believe their financial position took a turn for the worse due to Biden’s economic policies, Breitbart News reported.
more
https://www.breitbart.com/economy/2024/08/15/kamalanomics-worst-inflation-record-since-1977/
