Newt Gingrich: Biden’s Presidency ‘Feels More Like Jimmy Carter than I Ever Thought Possible’

EXCERPT:

GINGRICH: “As to the economy, I have to say, this feels more like Jimmy Carter than I would have thought possible, and I think maybe it was the gas lines that were the final breakthrough. When you think about it, you're getting stagflation which is what they called it when Carter was President. That's when you have stagnant jobs and inflation at the same time. Reagan put that together into a misery index. He added the unemployment number and the inflation number. And the underlying inflation numbers are stunning. At a minimum, the highest rate of inflation since 1982, and at a maximum maybe even higher than that because of the way they keep score. Now, you said something that's really important I want to build on, and that is, inflation is a hidden tax. The real Biden tax is this inflation, and it's making every American poorer. You're about four percent poorer than you were a year ago, because the dollar doesn't buy as much.”