CPI - Peter Schiff: 'The Economy Isn't Strong. It's Actually Very Weak And Biden's Low Approval Ratings Prove It!' | Benzinga
In a recent post on X, influential economist Peter Schiff criticized President Joe Biden’s economic policies, highlighting the detrimental effects of excessive government spending on Americans. Schiff’s comments emphasize the rising costs Americans are facing due to inflation.
What Happened: Schiff argued that the primary reason Americans are grappling with economic challenges is the U.S. government’s excessive spending.
He stated, “The main reason Americans are struggling is that the U.S. government is spending too much of their money. Budget deficits are driving both consumer prices and interest rates higher. Big government is expensive. Americans are paying the cost through inflation.”
The main reason Americans are struggling is that the U.S. government is spending too much of their money. Budget deficits are driving both consumer prices and interest rates higher. Big government is expensive. Americans are paying the cost through #inflation. That's #Bidenomics. — Peter Schiff (@PeterSchiff) September 23, 2023
In a subsequent tweet, Schiff further elaborated on the state of the economy, challenging media narratives that suggest economic strength. He commented, “The media claims the economy is getting better, so doesn’t understand why Biden’s ...