Posted on 05/25/2021 7:58:00 AM PDT by Hojczyk
Gallup economic confidence index plunges to -7, compared to +41 under former President Trump in February 2020, the last full month measured before the COVID-19 pandemic.
A Rasmussen poll from last week showed many Americans blame the economic woes on ongoing federal unemployment benefits. When asked, a plurality of 44% of Americans blamed the supplemental federal unemployment benefits for increased unemployment, saying the benefits "are making it too easy for unemployed Americans to not work."
"The May jobs report to be released in early June could go a long way to convince Americans whether the disappointing April report was a temporary aberration in the economic recovery or the start of a more concerning negative trend," Gallup said.
(Excerpt) Read more at justthenews.com ...
we ain’t seen nothing yet. the economy can’t take “social justice”, infrastructure, green new deal, etc etc in the aftermath of the unnecessary covid lockdown.
just a question of how bad it tanks.
“just a question of how bad it tanks.”
Biden voters are incurious and stupid. They will approve of Joe Stolen’s performance until it costs them dearly.
Of course, it will be far too late by then.
Sadly, I think many will overlook the obvious failure of his economic stewardship as long as they get something for nothing.
Too few understand the real price we will pay for Biden..... higher prices for most things (inflation) is a tax. It is the most oppressive tax imaginable on the poor who have far less discretionary income than others.
“It is the most oppressive tax imaginable on the poor who have far less discretionary income than others.”
Agreed. But our educational system has failed us. Most Americans have no clue about inflation, or what it will do to their standard of living.
All they know is they’ve gotten a few nice checks from the government, so the Dems are awesome.
RE: Poll: American confidence in Biden economy slumps amid dismal jobs, inflation data
I am at a total loss as to which poll to believe.
Just yesterday, I was seeing a post that shows Rasmussen showing Joe Biden with a 54% Job Approval rating !!
But, but .. I saw Biden’s job approval rating at 64% ... so everything has to be good, right?
The education for this generation will happen. Many of us are old enough to remember what happens.
If the media told me it was going to snow I would put on a swimsuit and break out the sunscreen.
How many times to do they have to be wrong for partisan reasons before enough people wake up?
Wait, I thought it just hit 110%?
No way. The Hill says Biden is soaring in popularity. People adore him.
“just a question of how bad it tanks.”
Just wait and see. Talking to a experienced banker a while ago he said that they simply CAN NOT raise interest rates because the debt is now so that if the fed raised interest rates, the debt would skyrocket and the interest payment on the debt would make all other expenses look like small potatoes. Said the credit rating of the USA is now going to drop even more. The result will be that NOBODY will fund this country.
China will take this country completely without firing a shot.
“just a question of how bad it tanks.”
Just wait and see. Talking to a experienced banker a while ago he said that they simply CAN NOT raise interest rates because the debt is now so that if the fed raised interest rates, the debt would skyrocket and the interest payment on the debt would make all other expenses look like small potatoes. Said the credit rating of the USA is now going to drop even more. The result will be that NOBODY will fund this country.
China will take this country completely without firing a shot.
Just print more money!
Further after thinking of that conversation with that banker.
The man explained that if anyone wants to see how back it will get, read up on the Wiemar Republic. Only on steroids. Told me that there will be a mix of deflation and hyper inflation. Goods and services will skyrocket while property prices may drop. Why? Because nobody will be able to purchase property because of the high prices, then there will be a huge sell off of big ticket properties...or defaults. Those types of things will collapse. In short, the result will be no equity for loans.
As for consumer goods, such as food, fuel, etc, they will skyrocket.
“Biden voters are incurious and stupid. They will approve of Joe Stolen’s performance until it costs them dearly.”
Consider most Biden voters have secure sources of income or extreme wealth. The state of the economy is not a concern to them. Based on history, they will not feel the consequences of Joe’s policies.
1) Local, state and federal government employees. No worries about job security. Excellent benefits. Economic issues are not a concern.
2) Teachers, particularly those represented by a union. Same as #1.
3) Academics and think tank intellectuals. Secure jobs, particularly those with tenure. As long as the federal money flows a recession on main street will not hit their personal pocketbooks.
4) Trust fund babies (2nd, 3rd, 4th generation). Live on inherited wealth. Educated at progressive universities. Have never worried about getting a paycheck and probably never will.
5) Hollywood celebrities, producers and studio executives. Royalty streams and accumulated wealth. When you have servants, multiple homes, private jets the rising cost of hamburger and lumber is not a concern.
6) The permanent welfare class. The SNAP card is always replenished, Joe is sending more money for each child, section 8 housing in good neighborhoods. Medicaid for free. What’s not to like? If a real recession comes, history shows the benefits will increase.
7) College students and recent graduates. Idealistic and emotionally driven. Brainwashed by propaganda. Still fully or partially supported by parents. Not yet figuring out how to juggle the mortgage payments, credit card bills, student loans, and cost of the new baby. Many benefit directly from stimulus payments and other programs. If they go to work for a tech firm, or the government, they’ll vote Democrat for life.
8) Soccer moms, particularly those who don’t work. Listening everyday to a steady diet of “The View” and CNN. Emotionally driven and no exposure to reality. Should “Dad” be laid off they’ll sign up for benefits and blame the Republicans.
9) Scared seniors, particularly those who didn’t save during their working years and are 100% dependent on Social Security and government programs.
10) Corporate executives, tech billionaires, and Wall Street investment bankers. All are have been coopted into the Washington power structure and depend on getting their share of the trillions of dollars doled out by the federal government. Plus, they are scared of the power of government enforcement agencies (FBI, SEC, IRS< DOJ) to ruin them if they don’t toe the line.
With over 50% of the electorate dependent on some kind of government check, and that electorate disproportionate Democrat, Biden has a rock solid voter base. Democrats and RINO Republicans are not going to vote to reduce benefits or corporate welfare. They never have.
Then how can Biden have a 54% approval rating with Rasmussen?
But, but, but Biden has a 63% approval.
“...as long as they get something for nothing.”
Money for nothing and chicks for free?
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