We mentioned last week that the inflation numbers were worse than Wall Street (but not we) expected.

The two charts below from Andy Puzder, who will be the next U.S. ambassador to the EU, show the dramatic difference between inflation and income growth under Trump 1.0 and Biden. Biden makes Obama look competent.

There are many reasons inflation picked up in January, such as the bird flu, but a major factor was the massive 11th-hour spending spree from the Biden team up until January 21, when he was booted out of office.

We’re still getting a kick out of the press conference by Hakeem Jeffries and Chucky Schumer racing to the cameras to blame Trump for the bad numbers that happened before he was president.