In just three short years as the President of the United States, Joe Biden has managed to ruin just about everything former President Donald Trump had done well. Inflation has soared into realms not seen in 20 years, with interest rates and low job numbers not helping the situation. At every turn, Biden has made the country, and economic stability of every American, substantially worse.
It has gotten now to a point where we cannot take it anymore. That is especially evident at the grocery store, where historically high prices for basic items like milk or eggs have enraged the public.
Economist EJ Antoni says this is solely on his shoulders, as his government continues its reckless spending.
"This is because the dollar has lost value...it is not as if eggs and milk became more valuable...it is because what you are using to try and buy all of this has gone down in value...so you need more dollars to buy them," he says. "It is spending, borrowing, and printing by the government that has started this...and we can expect more of it in another Biden presidency."
Based on reports from the U.S. Department of Agriculture (USDA), the average American household saw 11 percent of their disposable income go toward food in 2022. The last time Americans spent that much on food was three decades ago, in the year 1991.
Of course, food prices are always fairly volatile, whether Bidenflation is around or not. You can blame incompetence, maybe ineptitude, or you could maybe say they are doing it on purpose. But this time is different.
"You look at the trend...things like bacon or eggs spike then come down. They peak then trough...but the trough is always higher than the previous one...so you continue trending upward," he says. "That is the problem...prices keep spiking but never come down to previous prices."
It all circles back to the Biden economy, or as he calls it 'Bidenomics.' In December of 2022, 63.2 percent of adults reported that household grocery costs increased significantly. To cope with the issue, many are either reducing the amount of food they buy, or do not buy what they want.
But as we know, the labor market and labor rates are also in bad shape, as plenty of Democrat states demand upwards of $50/hour minimum wage. Many companies are having to tighten the belt, which hurts Americans further.
"It is the only way for these firms to stay in business is to raise prices...the irony is, minimum wage workers always buy fast food...so the people you are trying to help are paying more for food," he says.
The last piece of the problem equation also falls at Biden's feet. That would be the energy sector. Under former President Donald Trump, America enjoyed a period as an energy dominant country. Under Biden, we have become almost energy weak, and completely dependent on other countries.
"We really underestimate how much energy affects the prices of everything we do...this is why inflation stayed low during Trump...we were drilling, fracking...we had cheap, abundant energy," he says.
Maybe Trump can fix the problem if he comes back to office, maybe he cannot. But one thing is for sure: our wallets cannot handle another four years of Joe Biden.