Posted on 05/14/2024 5:38:05 AM PDT by MtnClimber
Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20% inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40% to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses.
So what’s the encore to that abysmal performance? What will Bidenomics 2.0 look like if it comes to that?
Remember, the Republicans have narrowly controlled the House since the midterm elections of 2022, which has put a modest break on President Joe Biden’s more dangerous ambitions, but a Biden blue wave could mean Democrats run the table and have the House and the Senate under their control.
If Biden wins, he will argue that voters have given him a mandate — to move forward with radical redistribution policies.
Here’s a cheat sheet on the top five Bidenomics 2.0 policy priorities:
1. Tax Rates On Investment Up To 70%. Biden didn’t get most of his tax increases through Congress. I calculate that the tax on a million-dollar investment that earns a million dollars would be as high as 70%, wiping out two-thirds of the gain. Business investment would crash, and trillions of dollars of capital would flow like a tidal wave to lower-tax nations.
2. $2 Trillion In New Debt Spending. Liberals have been complaining that even though Biden passed $6 trillion of new spending — adjusted for inflation, somewhat less than we spent to fight and win World War II — there was almost $2 trillion on its wish list...
(Excerpt) Read more at amac.us ...
Four more years of sock puppet Biden as POTUS will allow the leftist cabal who actually run the government to push the country into something resembling East Germany, a socialist state with single party elections with the FBI and DOJ morphing into a Stasi like secret police who will spy on everyone and jail or personally ruin dissenters. The US economy will collapse as we enter hyperinflation and our constitutional form of government will be ended. I would expect the confiscation of firearms to be a high priority in Biden’s second term.
The big problem with Biden 2.0 is Biden’s rapidly advancing dementia which already has made him incapable of being president or commander in chief. The charade of Biden is just fine is wearing thin. Kamala becoming POTUS is a real possibility
She will not be dictator. The entire tactic of the democrats will be anti-trump.
6 million added illegal immigrants
It is WAY more than 6 million...
Ya nailed it.
.
For many years my husband has picked up two burger meals for us from a chain near our house.
Always the same order, and for years the cost was $13 to $15.
When he went back last week, the same order was $21.
Thirty percent increase in less than 4 years.
be prepared, not scared
That question is about as stupid as: “could more cancer be bad?”.
Yeah, yah putz. Even if already dying more will just make it more painful.
Damn, that is very good!
Democrat Joe Biden is wrecking the nation
Somebody posted it several months back
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