Democrats are pulling out every trick in the book to avoid a Red Wave this coming November.
Currently, the Biden Administration is keeping voters distracted with conflict in Ukraine and blaming all their problems on Vladimir Putin.
Meanwhile, families here at home are struggling more and more by the day to make ends meet.
Bad economic news during the Biden Administration has become far too common.
The latest news coming out of the White House is a sharp drop in consumer spending rates in February.
Retail sales are considered by economists to be one of the leading indicators of the direction of an economy.
In this case, it’s just the most recent sign of President Joe Biden’s inability to manage the U.S. economic welfare.
According to data just released by the U.S. Commerce Department, retail sales increased only 0.3% last month.
To put it in perspective, sales in January rose 4.9%.
40-year high inflation under Biden is pricing some products out of range for shoppers who are being forced to more carefully budget, clip coupons and pinch pennies thanks to Bidenflation.
And there appears to be a direct correlation between the amount families are spending on retail items and how much they’re paying at the pump.
Meanwhile, spending on gas in February ballooned 5.3%.
In fact, if you exclude spending at gas stations, the February increase falls to just 0.2%.
According to Bloomberg News, “control group sales” — used to calculate gross domestic product by excluding food services, auto dealers, building materials stores and gasoline stations — fell 1.2% in February compared to January.
Furthermore, the Labor Department is reporting the producer price index — which measures inflation at the wholesale level before it reaches consumers — surged 10% in February.
That’s the highest spike in Wholesale prices in recorded history.
For American families, it means more pain and more sacrifices.
But for the Biden Administration, it’s just another black mark on its record to blame Putin for.
This also marks the ninth consecutive month wholesale prices have increased by 5% or more.
And there are no signs in sight of Bidenflation or record high gas prices slowing down.
Americans will have to keep struggling, at least until November.