Ben Shapiro evokes mixed reactions after claiming Biden 'on his last legs' and US economy is ‘on fire’

NEW YORK CITY, NEW YORK: Ben Shapiro, the conservative commentator and host of 'The Ben Shapiro Show', delivered a comprehensive analysis of the current economic landscape, shedding light on the stark disparities between official narratives and ground realities.

In a recent segment, Shapiro dissected the persistent specter of inflation and its implications for both the economy and President Biden's leadership.

Ben Shapiro says Joe Biden's economy is 'on fire' 

Shapiro took to his X account saying, "Biden’s economy was supposed to be Goldilocks. Instead, it’s on fire." In a detailed video on YouTube, he said, "We've been told by pretty much every major media outlet that we are now in a soft landing," setting the stage for his critique.

"This means that inflation has started to decline, the economy continues to sail along, yet strangely, nobody is feeling like that." 

"Why is it that the economy is so amazing but nobody actually feels like the economy is so amazing? One reason is that, contrary to popular opinion, we have not yet defeated inflation, and the latest news on that front came in yesterday".

Citing a report from the Wall Street Journal, he highlighted how inflationary pressures persisted in March, defying expectations and raising questions about the Federal Reserve's ability to intervene effectively.

"This, of course, drove the stock market down some 500 points. It also meant that bond yields started to go up. The bottom line here is that inflation continues to run almost twice what it is supposed to be running. Remember that year-over-year, the inflation rate is supposed to be about 2%; it is currently running at 3.5 per cent," he said. 

"When you add that on to the giant inflationary bubble that we had in 2021 and 2022, you're talking about prices that are up like 20 per cent for most Americans. Joe Biden's economy has not made up those wage losses, he added. 

Ben Shapiro critiques Joe Biden's economic policies

Shapiro also didn't shy away from critiquing President Biden's handling of the economy. 

According to Shapiro, President Joe Biden has been presiding over a good-news economy for the past year with strong growth, low unemployment, and falling inflation. But that good news is reaching its limits.

"Now, remember, the Federal Reserve has kept those interest rates pretty high by at least the last 10 years of standards. Well, that means that money is less easy. That means that IPOs aren't as easy. It means that finding money to actually fund your startup isn't that easy. Loans are not as easy to come by," He said,

He then added, "Typically, that stages some sort of economic slowdown. When you raise the interest rates, typically, that is supposed to bring inflation down, but it's also supposed to have an impact on markets." 

"It is supposed to drive down prices. And all that's literally the purpose of the interest rate increase is to drive down prices, and that usually comes along with an economic cooling," Shapiro said further.

Shapiro then cited that inflation has risen to 3.5 per cent compared to the same time last year, marking the third consecutive strong reading. This suggests that the previous narrative of disinflation has ended, and even if inflation were to decrease next month, the Federal Reserve may still be cautious about implementing a rate cut in July. 

Shapiro then added, "Everyone is going to vote for Joe Biden. You understand he's probably going to die in office, right? Y'all get this right, that dude on his last legs. I'm sorry to break it to you. I don't mean to shatter your bubble about Joe Biden's longevity. That dude is not looking great."

Ben Shapiro sparks debate after slamming Joe Biden

Shapiro's comments led to a series of mixed reactions from internet users, with one person tweeting, "Biden’s economy is the disaster we all knew it would be. That’s all that needs to be said."

Another tweeted, "You are an Israeli spy who needs to go home." 

Another person fired back, "We hear you, you're Jewish. And you hate America. Go back to Israel already."

One more user mocked, saying, "WHAT?!?!?! You're telling me that you print out a whole bunch of money that the inflation goes up? Egad!!!"

However, others tweeted, "It's a dumpster fire. The economy only appears to be growing. In real terms, it's crap. Adjusted for inflation, wages have only increased only 8 cents an hour in the last year."

Another tweeted "Truth," in suppport of Shapiro's claims. 

"Everything is going exactly as planned," read another tweet. 

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