Gage Skidmore via Flickr

A new nationwide survey blames Joe Biden for a major crisis happening in the United States right now.

According to Townhall

Conducted in partnership with Convention of States Action, the Trafalgar Group poll of likely general election voters saw 39 percent of respondents blame the president, while 17.7 percent blamed former President Trump. About 14 percent of respondents pointed fingers at the current Congress, and 10.9 percent said the previous Congress bears responsibility. Another 17.9 percent said they did not know. 

The partisan breakdown was even more stark, with 64.3 percent of Republicans saying Biden is culpable for rising inflation. Democrats were more split in their blame of Trump (27.3 percent) versus Biden (21.5 percent). 

Deutsche Bank recently released a report sounding the alarm about skyrocketing inflation. “We are witnessing the most important shift in global macro policy since the Reagan/Volcker axis 40 years ago. Fiscal injections are now ‘off the charts’ at the same time as the Fed’s modus operandi has shifted to tolerate higher inflation,” it read. “Never before have we seen such coordinated expansionary fiscal and monetary policy. This will continue as output moves above potential. This is why this time is different for inflation.”

We worry that the painful lessons of an inflationary past are being ignored by central bankers, either because they really believe that this time is different, or they have bought into a new paradigm that low interest rates are here to stay, or they are protecting their institutions by not trying to hold back a political steam roller. Whatever the reason, we expect inflationary pressures to re-emerge as the Fed continues with its policy of patience and its stated belief that current pressures are largely transitory. It may take a year longer until 2023 but inflation will re-emerge. And while it is admirable that this patience is due to the fact that the Fed’s priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb.”




Comments

  1. He and his entire communist regime are GARBAGE. THE FACT IS THEY’RE LIARS, DECEIVERS, THEY DO NOT CARE ABOUT AMERICA AND AMERICANS THEIR ONLY INTEREST IS FOR THEMSELVES, MONEY, AND POWER. THEY DISGUST ME, MAKE ME SICK!!!

    1. Commie is CATHOLIC…..Catholic is socialism. ALL CATHOLICS are socialists. Failure of a hundred nations, a thousand years of exactly 100% failure. Vote for ANY Catholic and you vote for a true history of perfect failure.

  2. The FED should raise interest rates right away. It is now doing the government’s bidding (not the peoples’) because the federal government would like to pay off its enormous debts with future worthless money. And worthless money is what Americans will have in their pockets if there IS a run-away inflation. Interest rates are what pays a citizen to save money during his lifetime, to support himself and his family in old age. The federal government is much too dishonest to do that, and is incapable, besides.

    Higher Interest rates are good for people and bad for government. So you see that the FED is doing good for the government and BAD for the people. The FED is supposed to be independent of the government, but it is dishonest and cheating to the benefit of the government. This is why the FED should be audited.

  3. It has been the action s of this Congress and Pedo Joe that is causing g INFLATION and will drive if even higher. Borrowing and printing money only make things worse.

  4. The G7 including Biden can do very little to control inflation. People are buying too much stuff, we are the source. And today we are being helped by federal reserve and the banksters supposedly independent that keep interest rates so low we can buy all the stuff. So stop buying stuff. We all learned this in high school, too much demand and not enough stuff. And stuff comes from corporations

  5. Joe Biden has no clue what he is doing, the telling sign was invited Floyd family to the white house.

  6. And when the country is at dooms’s door the dems will say “We didn’t realize Biden was so far gone. He made those blunders by himself. ” They’ll never take the blame.

  7. Things will only get worse, But remove Biden because of these crisis .& the worse yet is waiting in the wings with the Un-qualified VP Harris

  8. obideni is CATHOLIC….Catholic is socialism. ALL CATHOLICS are socialists. Failure of a hundred nations, a thousand years of exactly 100% failure. Vote for ANY Catholic and you vote for a true history of perfect failure.

  9. Obiden infrastructure plan will inflate and hurt the economy, and hurt the American people with domestic goods rising to the point consumers can’t afford, food prices are already seeing this effect and gas prices have drastically risen, because of this man! Obiden needs to reopen the keystone pipeline so the people he destroyed can go to work again! Him and Kerry you know the guy chicken little the sky is falling, fake climate czar promised jobs to these people where are they, oh wait like the fake climate change their ain’t any green jobs we lied about that to!

Leave a Reply

Your email address will not be published. Required fields are marked *