Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Bidenomics Crazy Train! US Corporate Bankruptcies Are On The Rise As US Federal Annualized Debt Payments Near $1 TRILLION
Confounded Interest ^ | 08/24/2023 | Anthony B. Sanders

Posted on 08/24/2023 5:51:59 AM PDT by Kaiser8408a

All aboard the Bidenomics Crazy Train!

Let’s see. We have inflation that is eroding wage growth so that REAL wage growth is negative. Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is paying nearly $1 trillion in interest on an annualized basis.

On the corporate side, we are seeing a surge in bankruptcies.

As Visual Capitalist’s Dorothy Neufeld and Sabrina Fortin show in the graphic below, based on data from S&P Global, corporate bankruptcies in 2023 are surging…

U.S. Corporate Bankruptcies Grow So far in 2023, over 400 corporations have gone under. Corporate bankruptcies are rising at the fastest pace since 2010 (barring the pandemic), and are double the level seen this time last year.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: bankrutcy; biden; economics; economy; recession
Bidenomics is a crazy train off the cliff.
1 posted on 08/24/2023 5:51:59 AM PDT by Kaiser8408a
[ Post Reply | Private Reply | View Replies]

To: Kaiser8408a

“This is fine…”


2 posted on 08/24/2023 5:54:28 AM PDT by EEGator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaiser8408a

I am torn on the whole “bidonomics” label. Yes, Biden deserves to be scorned for his handling of the economy.

But I know Biden has no economic plan! Giving what he is doing a name makes it look like his is doing something, when in fact Biden is doing nothing. It’s just ineptitude, incompetence and malfeasance, and not some bad plan!


3 posted on 08/24/2023 5:58:19 AM PDT by TexasFreeper2009
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaiser8408a

“Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is paying nearly $1 trillion in interest on an annualized basis.”

Can’t call that “Bidenomics”. That’s Demo-Republinomics.


4 posted on 08/24/2023 6:03:04 AM PDT by Boogieman
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasFreeper2009

On the face of it, Ineptitude, Incompetence and Malfeasance IS THE PLAN.

The real question is with all these so called Biden Administration experts ALL marching to the same tune, WHO is playing that tune???


5 posted on 08/24/2023 6:17:37 AM PDT by OHPatriot (Si vis pacem, para bellum)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Kaiser8408a

Fitch downgrades U.S. credit and the spending continues unabated.

With the destructive path we’re on the economic collapse will happen slowly, then suddenly.


6 posted on 08/24/2023 6:31:30 AM PDT by Starboard
[ Post Reply | Private Reply | To 1 | View Replies]

To: OHPatriot

“WHO is playing that tune???”

**********

A conductor chooses the score and the orchestra plays it. In this case, it appears there are several like-minded conductors. We may not know exactly who they all are but Obama, Soros, and some uber wealthy donors are certainly “composers” of this lamentable symphony.


7 posted on 08/24/2023 6:44:34 AM PDT by Starboard
[ Post Reply | Private Reply | To 5 | View Replies]

To: Kaiser8408a
 
 
Been watching small businesses fall on by one by one. Makes me rather sick to see that - someone's dream has died when that happens.
 
 

8 posted on 08/24/2023 11:43:10 AM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
[ Post Reply | Private Reply | To 1 | View Replies]

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.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson