"Storm of inflation"

Rapid Response

Inflation is out of control, but Joe Biden is either ignorant or doesn’t care.

Don’t take my word for it. Former Obama economist Larry Summers recently warned that inflation is “worse than expected” and things will only get worse with “a gathering storm of inflation.” Summers even compared it to the 1960s and 1970s, warning “we’re looking at a very serious situation.”

Obama economist Larry Summers on the rising inflation: "Worse than I expected...a gathering storm of inflation." pic.twitter.com/hd1NnAgebc
— RNC Research (@RNCResearch) October 14, 2021

The data backs up his warning.

Consumer prices are increasing at the fastest rate in 13 years.
Producer price spikes are at a record high for the 6^th month in a row.
Core PCE, a key measure of inflation, is at a 30-year high.

Americans are paying for Biden’s “storm of inflation,” and now he wants to make things worse with trillions of dollars more in socialist spending.