Brace Yourselves: We Could Be Losing 175,000 Jobs a Month Soon
TownhallMAR 28 2023
Despite Biden's claims that he's leading the US through this historically turbulent economic period, Americans are facing a looming recession, inflation at a four-decade high, and the impending loss of tens of thousands of jobs. The Fed is now pushing up interest rates at the cost of US labor markets to tackle the result of Democratic overspending policies — evidence that Biden's tenure is an abject failure.
Economic decline and a looming recession aren't specific to the US; they're hitting nations across the globe as a result of geopolitical instability caused by the war in Ukraine and the ongoing recovery from the pandemic. The Fed's aggressive response to inflation is adding to global pressures, but central banks — and politicians — have been put in an impossible position. A single political party cannot be held responsible for this situation.