Posted on 04/29/2023 10:42:01 AM PDT by Retain Mike
Just about everybody on Wall Street knows, despite what you read in the financial press, that the Biden administration’s economic policies are driving our economy into a recessionary ditch. In a recent Wall Street Journal survey of 23 large financial institutions that do business directly with the Federal Reserve, 16 predicted a recession in 2023 and two predicted a recession in 2024, while only five predicted that we would avoid a recession—although even those five predicted we’d have only one-half percent economic growth, well below the 2.1 percent average over the past 20 years and dangerously close to what has traditionally been considered a recession.
A recession is defined, traditionally, as two consecutive quarters of negative economic growth. At least it was defined that way before the financial press redefined it prior to the 2022 midterms, ensuring that despite two consecutive quarters of negative growth, President Biden’s policies couldn’t be labeled recessionary. But regardless of the definition, this negative growth meant declining standards of living, fewer job opportunities, lower wages, and increased poverty for the American people. Overall, we have become a far less vibrant and far less prosperous society on the verge of a serious recession.
The hard economic times we are experiencing are especially striking as they come on the heels of the Trump boom, which opened our eyes again to American economic potential when we have low taxes, reduced regulation, and a bountiful supply of domestic energy. Everybody, particularly minority and low-wage earners, reaped the benefits in the Trump years of abundant job opportunities, increasing wages, historic highs in family income, and historic lows in rates of poverty and unemployment.
(Excerpt) Read more at imprimis.hillsdale.edu ...
To me, the key mistake Joe made was to kill the XL (Keystone) Pipeline. Millions of barrels of oil, but only one rail line to move it from ND oil fields to the refineries in the Mississippi Delta. And guess who owns it: one of Joe buddies, Warren Buffet. Look at the price increases for “heavy” items, like milk. Everyone’s distribution costs literally doubled because of that stupid decision. From fertilizers and clothing fabrics to prescriptions, all were impacted by placating the Green People. If numb nuts wants to end pollution, shut down all the factories and force people to walk to work. Oh wait, all the jobs are gone. People need to think this through better than they have thus far.
By getting rid of the usurper, and letting Trump finish the term he was cheated out of, then letting him serve a third term because he was cheated out of his second.
“The hard economic times we are experiencing”
The largest local plumbing firm charges $255/hour.
My friend in DC said he could not afford a $6.5 million house or even a $600,000 condo.
It was not stupid. It was intelligent and malicious. The Greens truly hate ordinary people, think there are too many of them, and believe the world would be a better place if the population was thinned. They *want* mass famines. They want the survivors to be grateful for their meager government handouts. It makes the serfs so much easier to control.
As long as Biden remains in the white House, nothing will be fixable in the US.
The Greens need to lead by example.
They should, but they won’t, because they see themselves as the master race.
Scratch off the coat of Green paint and you’ll find a good old-fashioned 1930s Eugenics fascist underneath.
The Biden Economy and How It Could Be Fixed
Impeach Biden and Harris the speaker of the house is next in line can’t possibly any worse a 100% gain.
RE: The Biden Economy and How it Could be Fixed
STEP 1 ( and the absolutely necessary step ), throw Biden, Kamala and Democrats out of power. Without this step, nothing can be fixed at all!
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.