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The Associated Press’s in-house public relations flunky for President Joe Biden, Josh Boak, is following the dragged out trend of leftist media figures treating Americans like they’re just too impatient to understand the true genius of Bidenomics. Boak’s January 15 propaganda piece disguised as news, “How Biden’s domestic policy record stacks up against public perception,” was laced with a hodgepodge of excuses and celebratory ramblings about Biden’s economic policies, which he mourned were hampered by a disgruntled voter base. “President Joe Biden ends his term with a gulf between his policy record and his public reputation,” he wrote. He implied...

New York Times writer Peter Coy once again kissed the ring of Bidenomics by actually having the gall to bemoan in writing how President Joe Biden wouldn’t be remembered for the marvelous way he handled the economy. We’re still waiting for the punchline. Coy mourned the “Tragedy of Joe Biden” in a January 10 column, crying over how Biden was essentially relegated to the background “like a ghost — stiff, wan, often unseen by the public.” Coy didn’t get to the second paragraph before turning his piece into a comedy strip, “It is a crushing end to his presidency. He...

US corporate bankruptcies hit their highest level since the 2008 financial crisis - as Americans tighten their belts. Companies have also incresingly been grappling with high rising debts - driven by high interest rates that caused borrowing costs to spike. In 2024, 686 companies filed for bankruptcy, up 8 percent from 2023 - and almost more than 2021 and 2022 combined. It also marks the most filings since 2010, according to data from S&P Global Market Intelligence. In addition last year, more companies tried to avoid bankruptcy through out-of-court actions, with these efforts outnumbering actual bankruptcies two to one, according...

Our readers are well aware that one of MRC Business’s biggest pet peeves has been the extent to which the leftist media went to bat for the insanity of Bidenomics the past four years. But The Washington Post’s pseudo-conservative columnist Jennifer Rubin is arguing like they just discovered its made-up stroke of genius yesterday. “Surprise! The media just discovered Bidenomics works,” railed Rubin in yet another senseless screed published Jan. 9. “Trump is getting a strong economy. If only the media had explained the Biden economic achievements,” Rubin whined, as if simping for Bidenomics wasn’t exactly what the media have...

Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, added more to the federal debt than anyone else. It’s part of the latest leftist argument: that if Trump wins the election, he will run deficits twice as large as Biden would. Debate moderator Jake Tapper joined the chorus of federal finance falsehoods when he claimed Trump had “approved $8.4 trillion in new debt,” while Biden’s actions will increase the debt by (merely)...

For supporters, the law finally removes limits imposed on benefits for public servants. Critics say it would speed up the Social Security program’s insolvency. President Joe Biden on Jan. 5 signed into law a bill that would increase Social Security benefits for millions of Americans who have worked in eligible public service fields. The bill, dubbed the Social Security Fairness Act, specifically boosts benefits for around 3 million Americans who have worked in public jobs, particularly affecting those who received state and local pensions separate from Social Security. “By signing this bill, we’re extending Social Security benefits for millions of...

Credit card defaults in the US skyrocketed by 50% in the past year. Credit card defaults reached $46 billion in the first nine months of 2024, a level not seen since 2010. The cost of living has simply surpassed manageable levels for the majority of households. CreditCardDefaults2024 Americans are feeling the impact of inflation and compounding interest. The New York Federal Reserve found that credit card debt hit a record high in September 2024 after surpassing $1.17 trillion during Q3. The Fed also reported that household debt reached a high of $17.94 trillion, with mortgages ($12.59 trillion), autos ($1.64 trillion),...

Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy. Carville, in an opinion piece for The New York Times, noted that while he truly believed Harris would win the election, he is reviewing what went wrong for Democrats since President-elect Trump’s decisive victory in November. “I’ve been going over this in my head for the past two months, all the variables, all the what-ifs, all the questions about Joe Biden’s re-election decisions and what kind of Democrat or message might...

As America heads into the final days of the lame duck administration under President Joe Biden, there are still clueless members of the media trying to sell the clownish concept of Bidenomics to the public as if the 2024 elections were still in full swing. The Washington Post leadership, unsurprisingly, is no exception. Post editorial board member Eduardo Porter is spinning his wheels trying to determine why Bidenomics wasn’t a winning message in a Dec. 26 op-ed. After all, wrote Porter in his, er, infinite wisdom: “So many things about the strategy made so much sense.” In Porter’s distorted worldview,...

American credit card defaults have risen to the highest levels since the aftermath of the 2008 financial crisis as consumers grapple with years of high inflation. Credit card lenders wrote off $46 billion in delinquent loan balances in the first three quarters of 2024, a 50 percent increase from the same period last year. These forms of write-offs are are viewed as a highly monitored measure of loan distress. This is the highest level since 2010, according to industry data gathered by BankRegData. Mark Zandi, the head of Moody’s Analytics, said, “High-income households are fine, but the bottom third of...

The Golden City is losing its shine. Housing prices in San Francisco have plunged to pre-pandemic levels amid widespread layoffs in the tech sector, SFGATE reports. Despite still being one of the more expensive metropolitan areas in the US, prices for condominiums and co-ops in the city were down 14.7% from May 2022 and now average $986,000. Those prices have not been seen since 2015, according to Zillow data analyzed by Wolf Street. According to the outlet, condo prices doubled between 2012 and 2022, but have now declined by 30% in the past two years. The Millennium Tower, notorious for...

“Extraordinary measures” will be needed to keep the US from defaulting on its obligations if the nation’s debt ceiling isn’t raised or suspended by mid-January, Treasury Secretary Janet Yellen warned Congress Friday. Yellen, in a letter to House and Senate leaders, noted that the nation’s debt ceiling — the total amount of money the federal government is authorized to borrow to pay for obligations such as Social Security and Medicare benefits — was suspended in June 2023 but will once again be in effect on Jan. 1. ***. “Treasury currently expects to reach the new limit between January 14 and...

Ahead of President Trump taking office on Jan. 20, Bidenomics is still with us. Joe crowed about all the 16 million jobs he'd 'created' in his speech five days ago, patting himself on the back. Here's the White House public relations video: [video at link] It was stolen valor. Turns out his jobs numbers look like this: Post Stephen Moore @StephenMoore 🚨 Another half-million jobs reported under Biden turn out to be phantom! 🚨 The Philly Fed's recent findings reveal that Q2 job growth was actually negative, with all reported gains set for revision in 2025. This follows an alarming...

(The Center Square) - Los Angeles City council voted to pass a $30 minimum wage for hotel and airport workers, along with an additional healthcare benefit starting at $8.35 per hour for employees of businesses that do not provide health insurance. Businesses say the large spike in wages will lead to closures, scaling back employees, and hotels backing out of agreements put in place for the 2028 Olympics — and could threaten the city budget.... Hotels say the new wage increase is unaffordable, especially with income for many hotels flat as other costs rise, and could leave some with no...

It’s no surprise that Americans often rely heavily on credit cards to make ends meet. And with a recent period of rampant inflation, it’s equally unsurprising that credit card balances are on the rise. In the third quarter of 2024, U.S. credit card balances rose by $24 billion, reaching the $1.17 trillion mark — the highest level recorded by the Fed in 20 years.

The nation is better off now than it was in 2021, President Joe Biden claimed Sunday at the Democratic National Committee’s holiday reception in Washington, DC. Under Biden’s plan of “Bidenomics,” inflation soared, gas prices spiked, credit card debt exploded, and housing costs skyrocketed. Gallup’s Economic Confidence Index recently marked Biden’s economy as a -35 on a scale of -100 to +100.

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag. The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election. But as we approach 2025, things are starting to get frighteningly bad. When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen. Well, as you can see from this chart...

President Donald Trump’s mass repatriation of illegal migrants could lower the price of chicken dinners and also raise family wages, according to AviNews.com, a poultry industry news site. “The poultry industry heavily relies on immigrant labor. Many of these workers are undocumented, and their roles are crucial in processing plants and farms, the article noted on December 11, adding: The loss of this labor force could force companies to increase wages to attract [American] domestic workers.Moreover, the return of many illegal migrants to their home countries would also reduce consumer consumption of chicken products, the site noted: Immigrants are not...

John Solomon @jsolomonReports Trump warns bringing grocery prices down will be 'difficult' but expresses optimism about doing so

There are at least four steps Trump can take immediately to make good on campaign promises to vanquish DEI from the federal bureaucracy. According to the White House, “hours after taking the oath of office,” President Joe Biden embarked on an ambitious “day one,” “whole of government” agenda to “advance racial equity.” What followed was a shock-and-awe program of racial preferences. During his term, Biden signed three signature pieces of legislation — the American Rescue Plan Act, the Inflation Reduction Act, and the Bipartisan Infrastructure Act — which gave certain preferred racial groups access to programs, benefits, and special treatment,...