Biden's Economic Policies Under Fire Amid Inflation Crisis

In a recent discussion, Breitbart Finance editor John Carney expressed serious concerns regarding President Biden's economic policies, labeling them a disaster. He indicated that inflation has skyrocketed to over 20% and real wages have diminished by about 3%. Carney emphasized that public approval for Biden's economic strategies is alarmingly low. He pointed out that Kamala Harris, as the constitutional officer, might be distancing herself from these policies, especially given a Newsweek poll revealing that nearly 90% of respondents hold her significantly responsible for the economic downturn. The commentary also highlighted the irony of Biden and Harris presenting themselves as change agents during the convention, despite their ongoing tenure in the White House. Furthermore, Carney criticized Harris's proposed $5 trillion in tax hikes and federal price controls, suggesting that such measures are ill-timed given the Federal Reserve's signaling of potential interest rate cuts. The broader manufacturing sector has reportedly been in a recession for almost two years, with only retail and services sectors keeping the economy afloat. Experts argue that raising taxes in a fragile economy could exacerbate the existing challenges, with Carney concluding that such a stance reflects a shaky grasp on economic realities.