Staff Reports
The American people are officially losing faith in President Biden’s ability to steer the ship as the Conference Board’s latest report reveals a worrisome decline in consumer confidence. For three consecutive months, the rating has taken a nosedive, leaving families across the nation feeling a sense of unease about our economic future. Brace yourselves, folks – Bidenomics strikes again!
Here's Another Sign the Economy Is a Disaster https://t.co/o52gRR4zNG
— Fearless45 (@Fearless45Trump) November 1, 2023
According to the report, the Consumer Confidence Index slipped from September’s rating to a measly 102.6 in October. To put it bluntly, that’s about as disappointing as finding broccoli on your plate instead of pizza. And it doesn’t stop there. The Present Situation Index, which measures how consumers perceive the current labor market and business conditions, also fell, dealing yet another blow to the American dream. It’s like receiving a “D” on a math test you thought you aced – a real gut punch.
Prepare for more rain on your parade because the Expectations Index, which gauges the American people’s outlook for the economy in the next six months, dropped as well. Hopeful expectations have been dashed yet again, leaving us feeling like a deflated balloon at a party. Yippee.
But hold your horses, folks. Get this: an Expectations Index below 80 supposedly “signals a recession within the next year.” That’s right, buckle up, because Bidenomics might just push us further down the economic rabbit hole. With the downward trend of this index, it’s clear that fears of an impending recession are rising faster than the national debt.
Chief economist Dana Peterson notes that consumers are worried about rising prices, particularly in the grocery and gasoline sectors. It’s no surprise, given President Biden’s reckless spending spree. Families are stretched thin, trying to make ends meet while their hard-earned dollars struggle to keep up with skyrocketing costs. Bidenomics is essentially forcing us to give up our T-bone steaks and settle for ramen noodles. Thanks, Joe.
And let’s not forget the political situation and higher interest rates. The American people have had enough of the chaos caused by failed leadership. It’s like watching a circus without any clowns – it’s just not as fun. Add that to the turmoil in the Middle East, and it’s clear that Bidenomics is steering us toward a shipwreck.
Congressman Jodey Arrington didn’t mince words when he responded to October’s abysmal consumer confidence rating. He rightly pointed out that families are sick and tired of Bidenomics, which seems to be nothing but an endless spending spree. Each passing week brings more financial unpredictability, and we’re left scratching our heads, wondering how our wallets got so thin.
Arrington highlighted the harsh reality of Bidenomics, reminding us that a family of four now pays an additional $1,261 per month for the same goods and services compared to the day President Biden took office. That’s a mortgage payment or an epic vacation that’s no longer within reach. Thanks a lot, Joe.
If we want to bring true prosperity back to our great nation, we need to put an end to the excessive government spending and suffocating regulations. The Biden administration’s wasteful ways are burdening hardworking taxpayers and stifling economic growth. It’s time to kick Bidenomics to the curb and let the American people take the wheel. We deserve better than this.
