Posted on 05/18/2022 5:43:01 AM PDT by Kaslin
Assume the worst. That’s the lesson of Bidenomics in 2022.
America’s economy is contracting. The U.S. inflation rate remains above eight percent, with gas prices hitting record highs across the country. And the stock market continues to bleed, undoing the gains of the Trump era. Remember when Americans could expect 13.7 percent annualized S&P 500 returns?
How times change—and in under two years, no less. If we’re not in an economic recession already, then it’s not far away either. As a longtime entrepreneur, investor, and job creator, I’ve seen businesses large and small struggle to stay afloat in today’s economy. I’m in the business of helping businesses start, grow, and expand, and it’s more difficult now than even at the start of the COVID-19 pandemic.
Employers are desperate to hire, yet human capital is exceedingly difficult to find. Then there’s the issue of consumer confidence—dwindling by the day. Americans are increasingly anxious, pulling back in the stock market and pulling out of family vacations.
The list of economic problems is long, but they are solvable. The right leadership can solve them, yet America’s lack of leadership is the worst problem of them all. What makes the bleeding worse is resident Biden’s stubborn insistence on taxing and spending, flooding the economic system with “free” money and then blaming Republicans for daring to complain about inflation.
Even as excess money diminishes the dollar’s value, President Biden insists on cancelling $10,000 in student loan debt per borrower, after already extinguishing $17 billion in student loans. He naively defends his administration’s nearly $2 trillion “American Rescue Plan,” the inflationary boondoggle that left Americans without a rescue raft and surrounded by sharks. Even Vox—the left-wing brainchild of Biden supporter Ezra Klein—now admits that the runaway spending of the Biden era “worsened inflation.” When Biden Democrats lose Vox, all hope is lost.
Rather than taking accountability and tackling pocketbook issues head-on, the Biden administration’s modus operandi is to punt and excuse. Former White House Press Secretary Jen Psaki routinely ducked questions on inflation, while her boss blames Russia for [insert issue here].
Feeling pain at the pump, President Biden still decided to cancel a one-million-plus-acre oil lease in Alaska, along with two lease sales in the Gulf of Mexico. The goal is to apparently sell out to Arab oil producers—or look the other way.
Add it all up, and only 28 percent of U.S. voters now believe the country is headed in the right direction. That’s right: 28 percent. Americans have little faith in the economy, and even less in the Biden administration to right a sinking ship.
A red wave is coming in 2022. It is likelier now than even a month ago. Political change is inevitable, and President Biden’s days are numbered.
Therein lies the only hope for America—a change in political leadership. Americans desperately need a Washington, D.C., that prioritizes economic growth, inflation reduction, and the pocketbook above all else. Time and time again, Biden Democrats have failed to look out for employers and employees, embracing “woke” politics instead of pro-market policies that protect pocketbooks. And they will be punished for it.
Come November, our only hope is for Republicans to punish those who have failed America. Only a red wave can yield a stock market surge. Only pro-market forces can wage war on economic decline.
Until then, brace for more bleeding. Bidenomics will make it worse.
We can look forward to the awesome leadership of Speaker McCarthy. We are saved!!!
“...the awesome leadership of Speaker McCarthy....”
And Ditch, as Majority Leader, will MAGA!
> Political change is inevitable, and President Biden’s days are numbered. <
Yes, but that number is a large one. Even if the GOP prevails in November, Biden will continue to rule by decree (executive orders and such). And he’ll veto anything sensible that comes out of Congress.
That old Chinese curse applies: “May you live in interesting times.”
Because things sure are about to get interesting.
Gonna be July $10 per gallon gas - diesel will be more. Inflation will continue.
Gonna be a massacre in November. I can’t wait. Hopefully the communists will self immolate that night.
It’s already here.....by no measure is the economy “strong”
supermarket shelves are full in a strong economy
Assume the worst.
Then try to imagine several of the craziest scenario you can conceive of beyond your worst assumptions.
Return of pandemic?
Return to War.
Mass murders of American citizens by drug cartel?
Gas $10 a gallon.
Do you really have any confidence that anything will change? So far the GOP has supported Biden on ever single issue except the Build Back Better one. They support him on the border (never even mentioned by GOP leadership), they supported his massive spending programs (supported in committee instead of blocking it where they could have), are just fine with Biden's war on energy (they certainly haven't even made much effort to criticize it), and support the ongoing weaponization of government against conservatives.
They will win because voters want a change. They won't get one.
I’d say that the question is not “Will we have a recession?” The question is now “will we have a depression?”
Well, that is the silver lining I see in all of this. Often, it takes things like that to happen in order for many to learn the hard way in order to convert to conservatism.
FIXED!
I know you mean well, but converting to Conservatism is not going to save anyone. That would be like mopping the decks on the Titanic.
People need to individually acknowledge their sin before a holy, righteous God who made all of creation, and convert to belief in His perfect Son Jesus Christ, who died for their sins and rose again for their justification (free ticket to eternal life).
I know that doesn’t sound as nice as what you wrote, but it is the truth. There is no salvation apart from Christ.
We're in a recession and the way things are going, I'd say a full blown Depression is inevitable AND on a global scale. Just look at how many countries are enacting protectionist measures when it comes to foodstuff, including India and China. Naturally Russia and Ukraine won't be exporting foodstuff. Bunch of smaller countries say they won't be either. Stupid evil leaders of Western countries will screw their own people by exporting foodstuff to third world countries. The USDA will make sure that our subsidized farmers here will either lose money or sell to the export market. The US will take a taxpayer funded loss to virtually give it away to the third world.
I voted for President Trump. I wanted to continue the prosperity. But I was in the minority. People want $ 10.00 a gallon gas. They want $ 9.00 a loaf bread. They want $ 20.00 a pound bacon. They want $ 30.00 a pound hamburger meat. If they did not want then, they would have kept President Trump. But no, they wanted Lying Joe Biden because he is just as repugnant, just as degenerate, just as decant, just as vile as they are. They can relate to lying Joe.
Yeah. We can look forward to at least more of the same leadership we have gotten. It is all according to the plan. And the Plan? The Plan is for the total and complete destruction of the United States of America by both Political Parties.
I wonder, in a few months when food and gas is rationed, if people will be consumed with which pronouns and bathroom to use.
The Bible says to pray for our leaders and also to love our enemies.
I don’t know that I can in this case.
US housing starts for April came out today at 1.8 million.
That is actually a big number historically.
Also, houses on average are larger than they were twenty years ago. In 2004 housing starts hit 2.4 million. In January 2009 they were 0.48 million. It took almost ten years to get back to 1.5 million.
Also, unemployment is 3.9 %. In most places in the country other than CA and NY it is below 3%. Here in NH it is 2.5%. Everyone is hiring. Anyone who wants a job can get starting at $14-20/hour.
Yes, we have inflation again and the stock market has finally adjusted from ALL time highs, but FRiends lets have some perspective.
We all hate Biden. He is a disaster, but the economy is not bad for most Americans. Yes, we are probably headed into a recession. I would NOT invest in real estate now. It is overdue for a correction.
The country is fundamentally changing. The thing that covid changed was that people no longer need to go into the office, especially in a big city to make a living. IF you do not need to drive into the office, there is no reason to live in the suburbs either.
There may not be any reason to live in the same state or even the same country.
You have it misspelled. Ditch will Maggot.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.