Impact of 20% Inflation Under President Biden on Small Businesses and the Economy

Wednesday, 15 May 2024, 13:45

In a shocking turn of events, inflation in the U.S. has soared to 20% under President Biden's tenure, placing immense pressure on small businesses and the economy. The declining value of the dollar combined with surging consumer prices and weak GDP growth indicate a worrisome trend towards stagflation. Small businesses are particularly vulnerable, facing a credit crunch, increased crime, and the prospect of substantial tax hikes that could lead to closures and economic turmoil.
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Impact of 20% Inflation Under President Biden on Small Businesses and the Economy

Inflation Surge and Economic Challenges

Under President Biden, inflation has reached 20%, causing significant economic strain.

Impact on Small Businesses

Small businesses are grappling with a credit crunch, rising crime rates, and the threat of impending tax hikes.

Consumer Pain and Economic Realities

The average American family now needs $12,000 more to maintain previous living standards.

Biden's Policies and Business Ramifications

The Biden administration's regulatory and tax measures are further squeezing small businesses.


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