Posted on 10/09/2023 10:34:30 AM PDT by Kaiser8408a
“Two-job Joe” should be Biden’s new nickname for his economy wrecking ball known as Bidenomics.
The economic disaster known as Bidenomics (code for wealth transfers to the donor class) can be seen in the following chart. Non-elite households are struggling to cope with higher gasoline, food and house prices (rent) under Bidenomics.
As a result, the number of people holding 2 FULL-TIME JOBS hit an all-time high of 447,000 people. Biden spokesperson Karine Jean Pierre is likely to say “See? Bidenomics is working! Not every person is holding 2 full-time jobs to afford that Ford all-electric Lightning F-150 pickup truck!”
At the same time, wage growth YoY is crashing from Covid stimulus highs to pre-Covid levels.
And as The Fed prints more dinero (green line), the 1% (blue line) hoard a larger percentge of net worth while the bottom 50% (red line) keeps declining.
And then we have the REAL 10Y Treasury yield hitting 2.4%. This one’s gonna to hurt you for a long, long time.
It is getting harder and harder for non-elites to buy that Ford F1-150 all-electric Lightning Platinum for $94,000 plus tax. And you still have to pay $500 for the Ford Mobile Power Cord. OMG! For $94k, they couldn’t throw in the power cord?????
Does F stand for Failed? The honorary vehicle for Bidenomics!!
(Excerpt) Read more at confoundedinterest.net ...
Net worth is assets, not income. In order to accumulate assets, you need to spend less than your income and invest your savings.
This is obviously easier to do with a high income, but a surprising number of middle-income people have financial assets greater than $1 million.
They planned this. To control us they must first destroy the middle class.
of course the elites became richer and the rest of us poorer.
Once the laws protected the gullible. Not anymore.
But they will continue to vote D, even if it’s Biden, Fetterman, Pelosi, etc.
Sung to the tune of Cotton Eyed Joe?
Then obviously we need twice as much Bidenomics. /s
Romney and bush family and mccain are just as bad. Only Trump wants to MAGA
The Dems love it when a plan comes together...
$1 million is the New $100k...
I would be more likely to say that $1 million is the equivalent of $500K about 25 years ago. It is certainly better than having no money at all.
Tqo?
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