Joe Biden had no bigger supporter during the 2020 presidential election than CNN.
CNN essentially served as a Super PAC for Joe Biden but now even the liberal cable network is throwing in the towel.
And CNN was forced to admit this uncomfortable fact about Joe Biden.
The latest government report on inflation was a disaster.
Prices rose at 8.6 percent – worse than expected – and the price of food, housing and gas skyrocketed.
None of those are a problem unless you need to eat, sleep or drive anywhere.
Prices faced by U.S. consumers rose 8.6 percent in May, defying expectations that inflation had peaked in March and indicating that the Federal Reserve’s task of bringing it back under control will be more challenging than officials anticipated.
Compared with April, prices rose one percent.
Inflation hit a four-decade high of 8.557 percent in March and moved down to 8.3 percent in April. Economists had expected inflation to tick down to 8.2 percent in May.
This is the twelfth straight month of inflation above 5 percent.
And inflation shows no sign of slowing down.
Experts believe that June’s inflation report will be even worse than the numbers for May.
Every US #CPI #inflation measure came in higher than consensus expectations.
Amplifying the economic/social/political discomfort, headline is a new high for this inflation cycle.
Also, if the first 10 days of June are anything to go by, the next monthly measure would be higher. https://t.co/GzuIJhDJlu
— Mohamed A. El-Erian (@elerianm) June 10, 2022
The inflation situation is spiraling out of control so badly that even CNN was forced to admit that surging prices could spell doom for the Democrats’ chances to retain their majorities in the House of Representatives and Senate this November.
CNN: As prices spike at the highest rate since 1981, inflation “could spell doom for Democrats in the upcoming midterm elections this November.” pic.twitter.com/998YiamLh6
— RNC Research (@RNCResearch) June 10, 2022
During a speech at the Port of Los Angeles, Joe Biden blamed Vladimir Putin, supply chain woes and oil companies for skyrocketing inflation.
But polls show those excuses are falling on deaf ears as the public blames Joe Biden’s policies for pushing inflation higher.
The facts do as well.
Before Putin ordered his army to invade Ukraine inflation already surged to 7.9 percent.
When Joe Biden pushed Congress to ram through a $1.9 trillion socialist spending bill in March 2021, even liberal economists like former Obama advisor Larry Summers warned it would send inflation through the roof.
The public understands this dynamic.
And that’s why even CNN is already writing the Democrats’ political obituary for November because of Joe Biden’s disastrous choices which created the inflation crisis.
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