Can it get any worse for Joe Biden? As I wrote earlier on Tuesday, it's been all downhill for the embattled president since the release of the Hur Report last Wednesday, and it keeps getting worse.

First, the Labor Department said Tuesday that the Consumer Price Index (CPI) rose 0.3 percent in January, higher than expected. Prices climbed 3.1 percent from the same time last year. 

Second — and potentially far worse for Biden — former Hunter Biden business associate Tony Bobulinski was expected to testify before the House Oversight and Judiciary Committees that Joe Biden "enabled" his family to sell access to the United States’ "most dangerous adversaries," including the Chinese Communist Party, Russia, and other adversaries.

Fox News Digital obtained a copy of Bobulinski’s prepared opening statement.

Testifying behind closed doors, Bobulinski will say that from his "direct personal experience," it's "clear" that Joe Biden was "'the Brand' being sold by the Biden family.’"

His family’s foreign influence peddling operation — from China to Ukraine and elsewhere — sold out to foreign actors who were seeking to gain influence and access to Joe Biden and the United States government.

Joe Biden was more than a participant in and beneficiary of his family’s business; he was an enabler, despite being buffered by a complex scheme to maintain plausible deniability. 

The only reason any of these international business transactions took place — with tens of millions of dollars flowing directly to the Biden family — was because Joe Biden was in high office.

Bobulinski will also say: "The Biden family business was Joe Biden, period."

Was there ever any doubt? Among those who have objectively paid attention to the mountain of evidence from the beginning, I mean. And Bobulinski has been credible since he first came forward in October 2020 to verify emails found on Hunter Biden's infamous laptop and to level his own accusations against the Biden family.

Bobulinski is also expected to talk about "possible violations by Joe Biden of the Foreign Agents Registration Act, the Foreign Corrupt Practices Act, and the Racketeer Influenced and Corrupt Organizations Act (RICO)."

According to his prepared opening statement, Bobulinski will say:

The Chinese Communist Party through its surrogate, China Energy Company Limited, or ‘CEFC’ — a CCP-linked Chinese energy conglomerate — successfully sought to infiltrate and compromise Joe Biden and the Obama-Biden White House. 

Bobulinski will testify that the operation began in 2015, continued after Biden left the vice presidency in January 2017, and ended in March 2018.

Somewhat humorously, Bobulinski is expected to call Hunter Biden "the family's weakest link." Has there ever been any wonder? 

Bobulinski will also testify that Joe Biden "was aware of the CEFC transaction, enabled it, and had a constitutional responsibility and obligation to the American people to shut it down before it began."

This is because CEFC had been identified as a known surrogate of the Chinese Communist Party by the U.S. Government and prosecutors in the Southern District of New York as far back as 2016, possibly earlier. [Biden] should have been aware that his own administration had red-flagged CEFC as a tool of the Chinese Communist Party. This should have made any business transaction with CEFC a non-starter.

Unlike Joe Biden and his crackhead son, Bobulinski has been confident, incisive, and extremely detailed in his accusations since October 2020, as I mentioned earlier. 

There's a reason for that, I believe, and the reason is that everything he's said has been true — including that he "personally met with Joe Biden in Los Angeles in May of 2017 multiple times to discuss the broad contours of our business dealings."

The only reason Joe Biden met with me privately during the Milken Institute Global Conference and seated me at his head table was because I was a business associate of the Biden family.

Yet, Bobulinski is expected to testify the Biden family "knowingly and aggressively defrauded" him. 

Raise your hand if you're shocked. 

Joe Biden — that "well-meaning elderly man" as described in the Hur Report — remains the same ruthless, serial-lying political operator he's always been. 

The Bottom Line

 As is the case with his rapidly declining cognitive capacity, the walls continue to close in on Biden. The best part is it couldn't happen to a more deserving guy.