If the American economy was a car, Joe Biden would be driving it full speed off a cliff.
President Biden and Congressional Democrats pushed the pedal all the way to the floor when they aggressively passed bills that would cost trillions of dollars.
The result: skyrocketing prices!
So, in order to slow down the car, the Federal Reserve is hitting the brakes, or in other words, raising interest rates. When demand is lower, the economy slows down and prices stop accelerating. Unfortunately, the side effect of this “remedy” means that you will pay more on your credit card monthly payment, for your home mortgages and any other loan you may have.
President Biden and Congressional Democrats were driving way over the speed limit, but they are leaving it to working Americans to pay for the fines for their reckless driving.