Can you believe this end-of-the-year Biden victory tour? “Ends the year with a series of wins,” trumpets HuffPo, and Janet Yellen in the WSJ, proclaiming that Biden’s economic plan is kicking in. Look, inflation is falling! Sure, after rate hikes we haven’t seen in decades, it still remains five times higher than it was under Trump’s guidance. Five times. And gas prices are coming down as well, all part of Biden’s plan. No, they have gone down from historic highs because of a fortuitous decrease in demand. That won’t last. Nothing to do with the Biden plan, if there even is one. What a load of hooey. The economy is surviving despite Biden. And finance experts are predicting doom for 2023 if these economic policies continue. If the stock market is any indication of the future, tending to be predictive of economic climate six months from now, we are in deep trouble. But sending a few more billion to Ukraine and now the consideration being given to reparations……not just to Americans descended from slaves, but to African nations as well……should drive the economy deeper into an inflationary cycle and punish our economy here at home. Despite Yellen’s claim of Biden’s skilled navigation through troubled economic waters, we are a ship adrift. Without a rudder. And most notably, without competent leadership. Which begs the question: with the majority of Americans unhappy with the direction the country is taking and with Biden’s approval ratings hovering at 40%, why did voters choose to re-elect incumbents and, in particular, reward democrats for their destructive policies?
And lest I forget, the democrats are back to considering making Puerto Rico the 51st state. Surely injecting 3 million welfare recipients into the economy will help balance the budget.
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