Skip to comments.Coming soon: Biden's full-blown recession
Posted on 10/13/2021 10:52:07 AM PDT by therightliveswithus
JOE BIDEN House votes to raise debt ceiling On The Money — House kicks debt ceiling standoff to December Overnight Health Care — Presented by The National Council for Mental Wellbeing — Progressives: Medicare benefit expansions 'not negotiable' MORE has had a rough few months. Polling has his approval falling below 40 percent and Friday’s jobs report won’t do anything to prop it up. The Afghanistan catastrophe, COVID-19 deaths surpassing those during Donald Trump’s tenure, and the increasing crisis at the southern border all will be secondary compared to the coming recession. Unlike many other economic events, this one will be the direct cause of policies promulgated by the White House.
Three main issues likely will plunge the country into economic backsliding and spark stagflation by the end of 2022: inflation, supply chain issues, and an unraveling labor market.
Americans have noticed increasing prices everywhere from the gas pump to grocery store aisles. Inflation has hit a 30-year high. Economists and political pundits are shifting their tone, away from denying its existence (recall the White House’s “save 16 cents on your July 4th BBQ” approach) to preparing the public for the current and coming pain. Media narratives now reflect that price hikes aren’t “going away very soon” to full risk of “runaway” inflation. Inflated prices already have hit double digits overseas and cost the average household more than $2,000 annually.
(Excerpt) Read more at thehill.com ...
I’m certain the MSM already has stories lined up to blame any recession on Trump and quite possibly the unvaccinated in this country.
One of those times I belive the polls...
More like a Depression.
They need bad times to implement the Great Reset.
This will be a depression far beyond what our parents and grandparents lived through.
Mass starvation is the plan.
I thought that was Harris job...................
Even Puhsaki said they need to get these bills passed soon because they have limited time. They even know that 2022 is going to be historic losses for FJB. It's why they are scrambling. The not only have limited time, they have many potential pitfalls. If Feinstein slips and is in the hospital, or Leahy, and can't vote they get nothing passed.
Give the bad polices from the Biden Democrats, I read there is a possibility of full blown depression.
Even the godfather of all Big Government Economists, John Maynard Keynes would be telling the Biden Democrats
“It’s the spending stupid”
The capital gains tax on inherited family farms will help their plans along nicely.
Honestly I think their jihad against Trump supporters first half of this year will end up being a blessing in disguise. They wasted plenty of valuable time that they COULD have spent passing a legislative agenda, and instead they spent that trying to settle personal vendettas. Their blind rage worked in our favor for a change.
Well, Brandon did inherit quite a mess. Right? Anyone? Bueller?
Actually their blind rage always works in our favor, this time though the American people are on to the MSM, the media’s utter rage against Trump has put the nation in shambles, I think people can see now it was never Trump dividing the country!!
They’ll need a lot of camps too.
To put in all of those anti-vaxxers and covid “spreaders” who won’t take the poison.
Great Reset coming soon!
One in the same to the left.
I agree on all your points.
The main stream media has included people like former NJ governor Chris Christie saying the Trump era has passed among speculation that Chris Christie is running for President in 2024. The public being fed wisdom by Chris Christie have to blame Biden and the Democrats for inflation, supply chain issues, and lack of workers wanting to return to their low paying jobs.
They believed their own spin “Ah, things ain’t so bad. It’s just teeeeemmmmmporary inflation. We have lots of time to gleefully punish our enemies and still pass ruinous legislation.”
Since not a one of their brain trust has any clue about economic behaviors and real-world choices people have to make, nor of the law of unintended consequences.
I’d laugh if it weren’t so awful we have to go through this
During 4 years with Trump at the helm, my IRA gained over $150,000 even with withdrawals. In 8+ months under Biden, it went up $1.54. From here, it will start downward. Biden is ruining the economy like a runaway train. Gasoline went up 30 cents a gallon in the last few days in eastern Pennsylvania. Anyone doing weekly shopping has noticed food prices increasing. Democrats have no feel for economics. They are making all the wrong moves and especially with this ‘green’ climate crap. It is getting scary.
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