Biden has had a hard time proving to America that he can handle this economy. He ignores inflation, then says he’s “fixed” it.
He says we aren’t in a recession, only to push through radical spending to “build back” the economy.
I wonder what he’s going to say now–with the stock market in sudden freefall.
Stocks tumbled on Friday and were on pace for another losing week as bonds yields soared and investors feared the Federal Reserve’s aggressive hiking campaign will tip the economy into a recession.
The Dow Jones Industrial Average fell by 520 points, or 1.7%. The S&P 500 and Nasdaq Composite slide about 2% each.
The DOW continues to struggle under Biden’s socialist-leaning presidency. But it gets worse. Thanks to Biden’s inflation (and other reckless policies) Americans’ income is declining.
From Fox Business:
The average American has lost more than $4,000 in annual income since President Biden took office due to soaring inflation and higher interest rates thus wiping out income gains under the previous administration, according to data compiled by the Heritage Foundation.
Uh… whatever happened to “build back better,” Joe? Did he just mean his family?
Under Joe Biden’s “leadership” Americans have lost an average of $4,200 in annual income. That wipes out all the hard-earned gains Trump got for us during his administration.
Trump worked overtime to slash regulations, increase energy production, lower taxes, and bring jobs back to America.
Every working American prospered, thanks to his efforts (opposed by Democrats, all the way).
But now, it’s as if Trump never took office, thanks to Biden’s failed economic policies.
After all, that was the left’s goal, right? To make it as if Trump never was president?
I guess they succeed, as far as our pocketbooks are concerned. Joe and his Democrats ratcheted up taxes, increased regulations, strangled our energy industry, and are driving jobs to other countries.
That’s not even getting into the open border, which provides a steady stream of migrants ready to take working Americans’ jobs.
If Biden was trying to destroy our wealth, he couldn’t have done a better job.
- The Dow Jones suffered another terrible day under Biden, dropping 500 points.
- According to a new report, Americans lost $4,200 in annual income thanks to Biden.
- Biden’s failed economic policies have wiped out all the gains from the Trump administration.
Source: CNBC, Fox Business