Despite what is being peddled to the public, we are in a recession. But, more importantly, optimism in the economy is sinking extremely low.
A study conducted by CNBC before the numbers indicating a recession were reported claimed that 66% of Americans were worried that a recession would likely happen soon. On top of this, Americans continue to worry about inflation, especially since the inflation rate reached 9.1%. The highest point of inflation in the United States has been since the 1980s.
So, why is inflation so high? The simple answer is Joe Biden, along with his extreme policies. It seemed like just a few years ago, we had a robust economy, with a much lower inflation rate, with both rising wages and lower taxes. These benefits came with the Trump administration.