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By Brock Townsend
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Biden’s Economy is the Definition of Stagflation

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The definition of stagflation is growth below its long-term trend and inflation above trend.

That’s what we got in the first quarter of 2022.

The economy did not just grow slowly. It contracted on an annualized basis. Imports, which are subtractions from GDP, expanded massively and and exports fell. Consumer spending was weaker than expected, suggesting that households balked at high prices. Inventories fell, subtracting from GDP.

More @ Breitbart


Source: https://freenorthcarolina.blogspot.com/2022/04/bidens-economy-is-definition-of.html



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    • Everette

      Biden’s economy is from him receiving 330 million from China to destroy America ! Wait till China who Biden and Obama showed our power grid and how to shut it down in 2013 Thanksgiving day while America was eating turkey , and they desire to turn out the lights all across America . When so called covid struck Biden had farmers plow under vegetable and kill off live stock because restraints could not take the food . These people went home and died ! Wrong they went to stores and began buying food . But I was told by a Walmart driver that they could not ship but 1/3 of the supplies . Making even loyal buyers have shortages .

      Then Biden cut off Mexicos food crossing the boarders . Why ? Because he thinks they might be possibly be or could be or might be being cruel to their employees . But he opened back up avocados , I guess he likes Guacamole . The the shipping containers in California could not be unloaded because they could not the find the Crain operator half the time . Then only trucks less than 3 years old could move them . What the hell ? You got a crises and you are worried about a few puffs of smoke more from a 4 year old truck ??? If people can’t see this is a take down agenda , GOD help us !!!

      Now we have illegal soldiers crossing our southern boarders . Plus illegals he brought in plus more on the way from Ukraine . Food is short in stores now wait till all these get here . Oh yeah and farmers are being paid not to grow food , Bill Gates has…

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