Ronald Reagan Official Slams Biden

Former Ronald Reagan official and economist Art Laffer finally broke his silence and spoke out against President Biden and the inflation which is still tearing through the United States.

Laffer analyzed the May CPI report and explained to the American people that the worst news the Biden Administration can receive right now is that inflation could possibly reach a shocking new record of 8.6% year-over-year.

In transcript provided by Fox, Laffer explained, “Inflation is not only not peaking and not coming down, it is accelerating. And this is the worst news of all the Biden administration could have. And when you combine that with the GDP decline in the first quarter by 1.5%, and now the forecast for the second quarter out of Atlanta is only 9/10 of 1% growth. That’s atrocious. Total employment today is 800,000 people lower than it was in February 2020.”

Former President Ronald Reagan’s advisor then was forced to admit, “This is not a recovery. This is not even a catch-up back to where we were before. If you take the trend line from February 2020, now we’re about 5 million jobs below where we should be, and we’ve just been on that trend line. This is a catastrophic economy.”

While it is still uncertain what will happen in the future, it would be wise for Americans to strongly reconsider their spending and set aside a larger rainy day fund than they previously wanted to. We certainly hope the economy doesn’t get any worse than this, however many economist are sounding the alarm.