President Biden’s policies have managed to take a fast recovering, energy-independent nation and flip it upside down in less than a year.
By closing pipeline construction, the U.S.is once again energy-dependent. As a result, gasoline and home energy cost are way up. In addition, COVID cases, and racial tension have also skyrocketed nationwide.
More bad news for Biden was just reported. U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy.
The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year earlier, up from 6.8% in November. That was the fastest since 1982 and marked the third straight month in which inflation exceeded 6%. Read more