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 ...
I can’t imagine a second term for Brandon.
[Could a second Biden term be more injurious to the economy than his first term?]
OH, ABSOLUTELY.
Everyone that buys food, buys gasoline, pays electric bills, has a job, etc. ALL should be afraid of Biden and friends.
There are many food items up 50% or more since Joe was installed, oops I mean ‘elected’ Resident.
Hey Hey Ho Ho Braindead Joe has got to go.
2) If Trump gets a second term, many of his followers are hopeful that he will move quickly and forcefully to kill the Deep State and save this country -- but they will be disappointed to learn how hard it is for a president to move quickly and forcefully to achieve anything at all because a sclerotic government blocks any serious action on anything.
He'll destroy what's left of our economy. We'll become more like California or Canada.
Trump will buy us four years. Maybe he'll get to replace Alito and Thomas on the SCOTUS.
We would not have a country. America would be destroyed.No system 0f federa justice, military in ruins, upen bordeers for black and brown people from all over the world, all with an intent to rebuild AMerica as a Muslim controlled hegemon. THere will be civil war and a likely invasion from Iran , China and Russia from Venezuela and Cuba. All of our allies will fall.including Israel, South Korea and Taiwan. We will be lucky to even have a nation by election day in NOvember, things are just going that badly. And this article talks as if a Biden second term might happen. Biden is done, or the chaet will bring him back, or the Dems will run another psychopomp to win the votes of those who have become so afraid, and weak minded. We need to organize ourselves for this vote, and we need to fight them every step of their cheating way, especially with the votes of illegal aliens now in country and registered to vote. TAKE OUR COUNTRY BACK from these idiots and clean up their horrid mess.
The environmentalists will have a field day, getting the internal combustion engine shut down (Al Gore will be happy).
I wouldn’t put it past Biden to pull an “FDR”, ending private ownership of gold.
Mandatory gold “buybacks”, anybody?
The auto industry is getting prepared for the EV mandate.
Or else, why would they continue to manufacture EVs even though no one is buying them?
They know it's coming. They are predicting Joe's 2nd term.
Imagine what they’ll do to abortion opponents if they get another 4-year reign.
You mean Obama’s fourth term?
Joe’s a vegetable. Obama people are moving the levers of the white house.
A second term will be an acceleration of this operation.
exactly
I have posted here recently that the Great Value Walmart house brand version of 10-oz A-1 steak sauce recently, under Trump, cost me $1. It has been priced at $2.50 now for a couple years. This level of increase for individual items is unfortunately not an aberration at Walmart and elsewhere.
There is no way that they can run Biden and win. No way.
They know that.
Watch for the D.Convention to be a prom. Wonderful. Biden to bow out, possibly using Washington’s Farewell Address in some way. Bring in new candidates and run on an Anti-Trump ticket.
What else do they have?
And watch for Nicki Haley to make an appearance, possibly as veep.
Biden 2.0 would mean a certain end to the America we once knew. We will be moving quickly to a totalitarian state with dismal prospects of future freedom and prosperity.
Yes. The plant in Belvedere, Illinois-the one Biden visited- is going to make EV car batteries.
The destruction of America will continue under whomever the commiecrats run, should they win.
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