The Ben Shapiro Show Ep. 1432 - The Coming Biden Recession
Feb 11, 2022
Soaring inflation hits a 40-year high, raising alarms about the economy under Biden's leadership. As discontent grows, the impact of proposed spending and interest rate hikes comes into focus. The geopolitical climate heats up with Russia's threatening moves toward Ukraine. Critique emerges around vaccine mandates and their effects on employee retention. Protests like the Freedom Convoy illustrate deepening public distrust in pandemic management. Parents push back against progressive educational policies in San Francisco, highlighting a broader dissatisfaction.
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Stock Market Volatility Due to Inflation
- The U.S. stock futures fell and bond yields rose, suggesting volatility driven by unexpectedly high inflation data.
- This volatility underscores the economic challenges, as the Federal Reserve must choose between raising interest rates or accepting continued inflation.
Declining Biden Approval Ratings
- Joe Biden's approval ratings are declining, with 58% of Americans disapproving and 56% unable to name a single positive action.
- The American public doesn't perceive benefits from Biden's infrastructure plan or rescue plan.
Inflation Reaches 40-Year High
- U.S. inflation hit a 40-year high of 7.5% in January, driven by strong consumer demand and supply disruptions.
- The core price index, excluding food and energy, also rose by 6%, its highest in nearly four decades.