Inflation hits 20 percent under Biden, pushing small businesses to the brink

On Wednesday, the country hit a sad milestone: Inflation under President Biden hit 20 percent. The dollar's value has plummeted under his watch. The Bureau of Labor Statistics also confirmed that the consumer price index is resurgent and growing faster than average wages. Combined with weak GDP growth, this data shows the U.S. economy is reentering stagflation.

Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden's presidency, grocery prices...