Former president Barack Obama, in one of his rare moments of honesty, allegedly once told a fellow Democrat, “Never underestimate Joe’s ability to f*ck things up.” The comment came from a former president speaking about the abilities of his former vice president. One of those areas of the Biden Administration which seems about to prove Barack Obama right is what Joe and his clan call “Bidenomics”.
From the White House website:
His plan—Bidenomics—is rooted in the recognition that the best way to grow the economy is from the middle out and the bottom up. It’s an economic vision centered around three key pillars:
- Making smart public investments in America
- Empowering and educating workers to grow the middle class
- Promoting competition to lower costs and help entrepreneurs and small businesses thrive
But what is actually happening is America is on the cusp of a financial collapse the likes of which this country has never seen before. Multiple financial experts are sounding alarms right now. They are basing their opinions on historical roads the country has been down before but they are also seeing some roads we have yet to travel, and should not want to be on. One example is a housing market crash that will dwarf the crash of 2008.
There are many ways you can expose Joe Biden as a political hack and liar who has never worked a day in his life. The three bullet points above can be used as all the proof needed.
- Forcing the auto industry into making electric vehicles was not a smart investment
- Increasing wages to where businesses close and workers are unemployed is not empowering
- Replacing government regulations Trump did away with does not lower cost or help
Historically, things are getting bad when you see them occurring simultaneously:
- Inflation high near double digits (was 9.1 now at 3)
- Personal family savings going down
- Personal family debt high (credit card, loan, and mortgage)
- Personal family wages not keeping up with the inflation rate
But some of the new wrinkles not seen before are as follows:
- Major Fortune 500 retailers are closing up shop all over the country without explanation
“Retailers shuttered 4,600 stores this year (2023). Here are the stores that disappeared.”
- Mass layoffs happened in 2023 and more are coming with little to no warning to workers
“Companies Cut Over 25,000 Jobs Globally as Layoffs Continue | Vantage with Palki Sharma”
- Commercial and multifamily dwelling loan delinquencies are climbing
“MASSIVE BANKING CRISIS: $900 BILLION in Commercial Real Estate Debt Threatens U.S. Banks”
Because of sanctuary blue cities like San Francisco, Chicago, and New York now allowing so much illegal immigrant homelessness and related crimes, buildings are being vacated which will cause a major real estate crash between now and 2028 to the tune of some 2 trillion dollars nationally. The recent New York City ruling against former President Donald Trump will help accelerate this market crash.
There have also been spot news reports about popular stores closing locally where corporate is not in trouble but individual stores have recently become unprofitable. Some of those stores include names like Walmart, Target, McDonald’s, Burger King, Walgreens, KFC, CVS, etc.
CONCLUSION:
Some say what we are seeing is due to the incompetence and ineptness of Joe Biden and the Democrats leadership. Others are saying this is a willful attempt to topple the U.S. economy for the purpose of ushering in CBDC (Central Bank Digital Currency) in the wake of the de-dollarization of the global economy. They believe a major stock market crash is coming as the elites work to force America from sovereignty to the globalization of a New World Order (NWO).
I am not sure about these two thoughts but one thing I am sure of, our nation is headed towards a recession and/or depression.
“Robert Kiyosaki Predicts Economy Crash Again — Are We Headed for a Recession or Depression?”
Another thing I am sure of is that when the Biden White House tries to paint Bidenomics as a rosy success, it is actually an epic failure which will be exposed before the November election. And if that pain in the pockets does not see President Trump in a second term, yet another election has been stolen as Bidenomics is leading to the financial ruin of our nation.
“Why Bidenomics is Failing”
Reasons why Bidenomics is failing is all about the math:
- Disposable income down 7.5% since 2021
- Home ownership affordability down 37.3% since 2021
- Credit card debt is up 36.2% since 2021 (over a trillion dollars)
- Monthly savings down 81.4% since 2021
- National debt is now at 34 trillion dollars or $100,000 for every American citizen
- Some 8.4 million or 5% of the workforce now holds multiple jobs since 2021
- Total inflation since Joe Biden took office grew to 15%, the highest since Jimmy Carter
People like to falsely bash former President Donald Trump for how much he contributed to our national debt. When he left office our national debt was 27 trillion dollars but 4 trillion of that was related to the Covid-19 plandemic of the Democrats which was added in 2020 alone. Biden now has us at 34 trillion.
Now we are finding out Democrats have wrongfully hoarded some of that Covid relief money and are using it illegally by aiding and abetting illegal migrants in their “sanctuary states/cities”. That should tell you all you need to know about today’s socialist Democrats but what you also need to know is this is treason.
“Dem states, cities overrun by migrants funneled millions in federal COVID-19 aid to support illegals”
Copyright © 2024 by Mark S. Schwendau
