(FiveNation.com)- On July 1, 2021, the White House took to Twitter to spike the football over Americans saving a whopping 16 cents on their Independence Day cookout in 2021 compared to 2020.
This is how pathetic the Biden administration is.
At the time, the tweet was roundly mocked as most people pointed out that saving 16 cents on a July 4 cookout is nothing when you factor in the rising cost of gas.
But if it didn’t age well in 2021, that tweet was downright decomposing by this year’s July 4th holiday.
According to the American Farm Bureau Federation, the average Independence Day cookout this year will be about 17 percent higher than it was in 2021, thanks in large part to the astronomical increases in the cost of chicken, pork, and ground beef, which are all about 33 percent higher today than last year.
In short, the Biden administration spiked the football when they were at their own ten-yard line.
As of May, the consumer price index showed an 8.6 percent increase year-over-year with consumer prices reaching a four-decade high.
On Friday, the Federal Reserve Bank of Atlanta said the US could already be in a recession.
The Atlanta Fed’s GDPNow tracking showed that the US economy had negative growth for the second quarter in a row. During the second quarter of 2022, the economy contracted by 2.1 percent, down from the previous estimate of minus 1 percent released the day before.
During the first quarter of the year, the US economy contracted by 1.6 percent.
Since the definition of a recession is two consecutive quarters with negative growth, the Atlanta Fed concluded that recession is here