Posted on 01/29/2023 9:50:56 AM PST by Kaiser8408a
Welcome to the wonderful world of Bidenomics, giving the US 40 year highs in inflation leading The Federal Reserve to remove its enormous monetary stimulus (known as “The Punch Bowl.”
I previously pointed out that US Real GDP was actually less than 1% year-over-year (YoY) in 2022, hardly a fantastic number given the trillions in Biden/Pelosi/Schumer spending (Omnibus, Infrastructure, etc) and Powell/Fed’s whopping monetary stimulus in 2020. But real disposable income, the amount households have left to spend after adjusting for inflation, had been falling for 7 straight months.
In fact, REAL disposable personal income peaked in March 2021, shortly after Biden was sworn-in as President in Janaury 2021 at $19,213.9 billion (or $19.214 TRILLION). As of December 2022, real personal disposable income had fallen to $15,213.0 or $15.213 TRILLIION. That is a loss of $4 TRILLION since March 2021.
Here is the campaign video for Joe Biden from 2020.
(Excerpt) Read more at confoundedinterest.net ...
Joe keeps bragging about how great the economy is under his watch ... maybe he just doesn’t remember what the “+” and “-” signs mean.
But at least there are no mean tweets. /sarc
Regrettably this is a sugar coated article
The guy just mumbles and stumbles along
FJB
This clears everything up. I thought I made a mistake on my checkbook. Well now I know who to blame for my lack of funds. Let’s Go Brandon.
Biden keeps getting richer & richer. The economy is great.
It’s proceeding as planned. The destruction of the American economy and the imposition of hardship on the folks is essential for a successful implementation of the blueprint.
Here’s another plank in the plan: the destruction of the expectation of law and order. Defunding the police. Decriminalizing theft up to under 1,000. Releasing suspects on to the streets so they can hit again.
Another: boosting antifa and blm up to the status of fully-owned and operated subsidiaries of the democrat party. This can be seen as part of the previous one as well.
One more: the destruction of the concept of the family. TV shows that claim that same-sex couples are a “family.” The raising of the “trans” fetish to a status that puts it over all laws, customs, values and practices and bestowing upon it sacred status so it cannot be criticized.
More?: destruction of the US military. Turning it into a Club for Gays. Giving munitions to Afghanistan and Ukraine.
Last one?: the success they have had in turning schools into training camps for the new reality, and not letting the parents know.
More?: I’d like to hear some more.
It ain’t raining.
They really are pissing on your back . . .
And the computer votes keep rolling on.
It is pretty obvious the typical American has had to made do with less and less the last 2 years. No amount of propaganda from the legacy press can hide that which is why those liars are getting less and less eyeballs everyday.
How about normalizing the requirement for our population to submit to requirements for experimental drugs under the label “vaccines”.
No consequences for companies (and government agencies such as the military branches) that forced these drug concoctions on us and no consequences for the unelected government officials that ordered them, nor for the Pharma companies that lied and covered up the unfavorable trial data to force or persuade them on the citizenry. The complete abrogation of Informed Consent.
This is all a natural consequence of the BioShield Act of 2004 — funding the use of military members as a test bed for experimental bioweapon protections, now mutated to include the entire public.
Only now it’s extended to the general population. Anyone who took one of the experimental C19 “vaccines” is part of a grand experiment being used to collect data for the next inevitable generation of experimental vaccines to be imposed on the public.
“a -21% loss”
Another math idiot.
That was a pretty good low budget horror flick.
Much better than the Oscars crap they push out.
The Lower standard of living we’re going to experience due to the stress on our resources from mass illegal invasion.
Obama explained it as: “We can’t drive our SUVs and, you know, eat as much as we want and keep our homes on, you know, 72 degrees at all times”
All planned by the Globalists (WEF) from Davos. BTW, why was Chris Wray, FBI Director, in attendance? Interpret this” the level of collaboration between the private sector and the government, especially the FBI has made significant strides”-Wray 1/19/23
So, the article is saying that when the government stopped sending trillions of dollars in COVID checks to people who were also still working that, somehow mysteriously, their monthly income went down. What a shock! I guess arithmetic still works.
Imagine the headlines if a Republican were in the White House!
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