Steve Cortes, co-host of Newsmax's Cortes & Pellegrino, predicted on Monday's edition of SiriusXM's Breitbart News Daily with host Alex Marlow that inflation and global supply chain breakdowns would yield what he dubbed a "Biden Blue Christmas" for Americans.
"If you combine this Biden inflation spike with the supply chain breakdowns what I think we see coming I think it portends for a Biden Blue Christmas," Cortes assessed.
"I really believe this is going to be a miserable Christmas where consumers, number one, don't don't have as much to spend, anyway, but what they do have to spend, they're going to go to the store and the items they want and need are not going to be there, or if they are there, they're going to be there for a massively higher price, because of scarcity and because of supply chain breakdowns."
He went on, "Combine the Biden inflation spike - which means incredibly elevated heating prices for many Americans as the weather cools into Christmas and the supply chain breakdowns, I think all of this - it's a confluence of factors - [is] going to make for a frankly miserable Christmas. I'm coining it [and] calling it the Biden Blue Christmas."
President Joe Biden's policies are increasing unemployment by disincentivizing work, Cortes stated.
So we have a massive worker shortage [and a] supply chain breakdown.
Cortes concluded, "Even if your pay is going up - if your pay is rising three percent with inflation rising 5.4 percent, which the most recent CPI read - you are getting poorer.
Monday, October 4, 2021
Steve Cortes Predicts 'Biden Blue Christmas' with Inflation, Supply Chain Breakdowns
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