Dems oblivious to the damage they have done to US

 I&I:

With red lights flashing nearly everywhere, the economy’s prospects look grim. Soaring inflation, crashing home sales, plunging GDP, falling real incomes. No question, the economy is a mess. So why is the Biden administration saying things are going better?

It’s not just this week’s “unexpected” 8.3% inflation jump. Or the scary plunge in stock prices, destroying trillions of dollars in household wealth in just days. It’s that the ruling party, the Democratic Party, seems utterly oblivious to the damage it’s done.

This week, President Joe Biden touted the “progress” made by his administration against inflation, just a day after the report that prices had risen 8.3% overall, and food prices by 11.4%, the fastest since 1979.

“Today’s data show more progress in bringing global inflation down in the U.S. economy,” Biden bragged. “Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do.”

Prices have not been “essentially flat.” They’re rising sharply, as the data clearly and unequivocally show.

But even worse, new data from the Atlanta Federal Reserve’s GDPNow data set show the economy is clearly tanking. GDPNow tells you what the economy has done so far in the quarter. With just over two weeks to go, the GDPNow growth estimate — based on real numbers, not future estimates — is 0.5% annual growth for the third quarter, down from 1.3% just two weeks ago.

That means incoming data are much weaker than anticipated. We’re just one or two “unexpectedly weak” economic reports away from shrinking for a third-straight quarter.

Don’t worry. If it happens, the Biden administration and its shills in the media will again deny the economy’s in recession. Or blame Donald Trump.

...

Democrats appear incapable of taking responsibility for the damage they are doing to the US.  Until they do, it will be nearly impossible for them to fix the mess they have made. 

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