It’s the Economy Again ….. Stupid

April 29, 2024

By this November 5, a high electoral price from the Democrats may be called in due to a fractured American economy. In the runup, there are several negative economic indicators flashing red — factors soon to converge in force, each one predicated on Biden’s incompetence.

The collective, negative impact of Biden’s combined and often unilateral federal actions, the upshots of bad policies and mismanagement, suggests that we will soon have a new, expanded class of ‘the poor’ in the United States — an historical phenomenon that has eventually manifested itself in every country subsequent to communist/socialist takeover.

To get a handle on the gravity of what may be coming in the next six months, look at what Biden is doing to grab economic control across the board:

* Energy prices are driven up because of his tinkering with energy supplies and restrictive energy policies.
* Unemployment figures are rigged downwards to reflect part-time and/or seasonal/immigrant jobs as full time.
* Interest rate increases are ‘explained’ by the feds as cautionary but appear now semi-permanent.
* Huge costs are accruing in ‘supporting’ illegal immigrants, in student loan forgiveness, in piles of new regulatory costs (legal or not), in tax increases on the middle class, in federal land and natural resource grabs, and in crippling regulatory restrictions on farming, energy, transportation, and, of course, in the costs of war.

In a further cost complication, both rental and mortgage costs are now unaffordable. People are not grocery shopping as their needs dictate, because the prices of all food products are inflated by 40%. Rent prices are now 30% higher than they were before the pandemic.

According to the latest data from the U.S. Census Bureau, 14.1% of adults aged 65 and older lived in poverty, as defined by the Supplemental Poverty Measure, compared with 9.5% in 2020. That’s about a 50% jump in just three years, meaning roughly 8 million older adults now live in poverty.

Ruling-class Democrats talk the talk about sharing the wealth, but their own elitism and flagrant double standards, e.g. in extravagant life styles and stock-market shenanigans, tell a different tale. In the third quarter of 2023, 66.9 percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth.

At the least, we can probably expect that, by November, American voters will be ready enough to weigh in — if only on the strength of their wallets.

Come to the Financial Policy Council https://lnkd.in/eZU2UgYd, be a part of decisions that will shape the country’s future & share your thoughts.

Blackhawk Partners, Inc.
Brain Expansion Group
Stanford Silverman
Karina Benzineb
Andrew Cossen
Gada Elkenani
John McSherry
Albert Mendelsohn
Emily Tamilio
Prince Nnah
Raymond Wood
Jose Garcia
Phil Regenie

About Us

About Us

About Us

Entrepreneur's

Sponsor FPC

Media

Chairman’s Corner

It’s the Economy Again ….. Stupid

All Newsletter Topics

Our Partners

About Us

About Us

About Us

Entrepreneur's

Sponsor FPC

Media

Chairman’s Corner

It’s the Economy Again ….. Stupid

All Newsletter Topics

Our Partners

Donate