Democrats want to talk abortion, abortion, abortion, hoping intently that voters don’t notice the economy, the economy, the economy. But amid a steady torrent of bad economic news, the party faithful may be engaging in a mission of futility.
Stocks continued their nosedive on Monday as the Dow dropped 325 points. We’re now in a bear market, with prices having fallen a whopping 20% from their previous peak on Jan. 4. Under Biden, many Americans are watching their 401(k)s get eaten alive.
Meanwhile, interest rates are steadily increasing as the Fed seeks to quell rampaging inflation, which is running at 40-year highs. Unemployment is expected to rise, growth has decline for two straight quarters and a recession looms, if it hasn’t engulfed the economy already. Grocery shoppers would be wise to steel themselves as they approach the checkout counter.
