Andy Puzder is a former CEO of CKE Restaurants, chairman of 2ndVote Value Investments, Inc., and a senior fellow at the America First Policy Institute.
Jim Talent is a former U.S. senator from Missouri and the Chairman of the Reagan Institute’s National Leadership Council
The outlook for the U.S. economy is bad and potentially getting worse.
On Thursday, the Commerce Department released new consumer spending numbers showing that the prices Americans are paying for goods and services climbed 6.3% over the past year, as inflation maintained its upward momentum.
Just 24 hours earlier, Federal Reserve Chairman Jerome Powell warned, yet again, that his efforts to rein in runaway price increases by raising interest rates may plunge the nation into recession.
And he said it’s worth the risk.
‘The bigger mistake to make—let’s put it that way—would be to fail to restore price stability,’ he said at the European Central Bank’s annual economic policy conference in Portugal.
Prior to that revised GDP numbers showed the US economy contracted even more than initially reported in the first quarter of the fiscal year, as more consumers opted to save instead of spending their hard-earned dollars.
Now, what if we told you that America’s economic outlook is even darker than that?
What if we told you that the dire statistics splashed across the headlines and your TV screens don’t even come close to accurately describing the reality?
Well, buckle up – because that’s what we’re telling you.
Courtesy of idiot Biden voters.
Cost of pizza went from $17 to $23 an increase of 35%, That included a drivers charge, tax and a fuel surcharge.
Then I had to tip the driver.
So a medium pizza ended up costing me $30
This was a local owned shop not a national franchise.
Grocery bill went from $165 to $250 and there was no meat in my cart.
Gas went from $30 to $60
Yeah, prices in season have risen on top of already higher prices. Indeed blows.
You could make your own pizza for a lot less and it would be a lot better. Flour, water, salt, yeast, and a bit of time. But you’ve probably lost your ability to make your own food. Not entirely your fault. Big food companies have worked hard to make us all helpless and dependent on them. But you don’t have to let them win.
Is Jimmy Carter REALLY going to be Biden’s running mate in 2024?