The US has been captured by a severe “inflationary spiral”, a radio commentator has claimed as he warned over Biden’s reckless economic policies.
Biden’s economic plans aim to promote clean energy in a bid to restore American manufacturing and create jobs but under his watch, inflation surged to 40-year highs last year.
US caught in ‘inflationary spiral’ as Americans lose out on thousands in disposable income
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When asked about Biden’s economic policies and whether individuals were concerned about personal finances, Cordaro said: “I hope that they’re seeing the cause and effect.
“There’s an obvious correlation. People see that Biden’s in office and he’s enacted a certain group of policies, among them incredible spending, growth, extending and adding a ton of new regulation, and then a war on the growth of American energy, and I mean in all facets of American energy.
“All of these things have combined to create an inflationary spiral that a majority of the population has never experienced.
“We haven’t seen anything like it since the early 80s.
“Have they determined that it’s directly caused by Biden’s policies? A number of people are still deflecting on that issue.
“I will tell you this, I’ve been telling them on the radio that they certainly have had a direct cause and impact and it’s demonstrable.”
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Cordaro continued to add that Biden has eliminated Americans’ disposable income as the cost of energy has soared.
“Everything requires energy to produce. Everything requires energy to transport. And so many products are energy dependent and as people go to heat their homes last winter in particular they got severe sticker shock.
“So not only had them been pounded the gas station with doubled gas prices when it’s not necessary because we can produce our own.
“Not only have they seen that, but all of their utilities, water, sewer, natural gas, and electricity have exploded 40-50 per cent.
“You take an area that depends upon – and its main base of population is working and middle class – If somebody’s making $50,000 a year, Joe Biden has cost them $11,000 a year.
“That’s a staggering proportion and it eliminates their disposable income. You could take that right across America, where we now have the highest credit card indebtedness that we have ever had as people try to maintain their lifestyles, hoping for something better to happen.
“And the Biden administration will say, well, inflation is moderating.
“Well, that doesn’t count what I already spent. And the moderating inflation rate is on top of the inflation you’ve already caused.
“So it’s a true problem for people here. I guess it’s my job because we’ve got left-wing newspapers that are in that.
“That’s where most people get their news. Local television news doesn’t really cover politics.
“So I guess it’s my job and maybe my radio station’s job to let people know this is a direct cause and effect situation so that they get it and vote against their tradition to get him [Biden] out of there.”
