YEP, THAT’S BIDEN’S STAGFLATION THAT JUST ARRIVED: That 1.4 percent contraction in the economy in the first quarter of 2022 represents the first statistical evidence that we’re entering a period of roaring inflation and stagnate growth.

“The trade deficit ballooned massively, due to mushrooming imports. American exports fell by 9.6 percent, while imports went up by 17.7 percent. Economists had predicted a 1 percent economic growth rate, rather than the decline in the economy that actually occurred,” reports Liberty Unyielding’s Hans Bader.

And the cause is clear, according to Bader, who says “the economy is being held back by Biden administration policies that discourage work, reward idleness, and make it harder for companies to attract employees. Biden enacted policies that reduced the size of America’s private-sector workforce and made America less economically competitive.”