Staff Reports
Joe Biden has been touting his “Bidenomics” as the savior of American families, but all they’ve seen under his economy is skyrocketing inflation, rising mortgage rates, and diminished buying power. In fact, experts are warning of another “great depression,” and a new economic indicator is flashing for the first time since the 1930s. Yikes!
The problem stems from the excessive government spending that Biden and the Democrat Congress have been engaging in. The report explains that the Federal Reserve’s encouragement of Congress to spend more money and keep interest rates low has led to unprecedented levels of money creation. This, coupled with the massive amount of money handed out to subsidize the economy, has created a perfect storm of inflation and economic instability.
Despite indicators suggesting that the economic crisis would soon end, Joe Biden has failed to respond appropriately. Instead of cutting spending and addressing the root causes of the problem, Biden has chosen to keep spending at artificially high levels. And with the Federal Reserve’s decision to keep interest rates low, the problem is not going away.
As a result, energy costs have exploded, homes have become unaffordable, and American families are being pushed to the brink. Prices for consumer goods and services, as well as rent and housing, remain much higher than before the pandemic. Meanwhile, Americans are seeing their savings dwindle, and credit card debt has reached a staggering $1 trillion.
It’s no wonder that Americans are losing faith in Bidenomics. According to Rasmussen Reports, more than half of American adults believe that the United States is on the verge of entering a depression within a year. And Democrats are starting to realize that the term “Bidenomics” has become synonymous with inflation, unemployment, and soaring gas prices.
Former President Donald Trump predicted this economic disaster and called Joe Biden the Herbert Hoover of the modern age. He warned that we would have a “great depression far bigger and more powerful than that of 1929.” Trump slammed Biden’s economic policies, characterizing them as “inflation, taxation, submission, and failure.”
In the end, Bidenomics is nothing more than a political failure. It’s time for Biden and his administration to wake up and listen to the American people, who are suffering under their misguided policies. We need a leader who can rescue our country from the burning records of Bidenomics and bring back the historic Trump economic boom. Let’s make America great again!
