One word comes to mind: “Bidenomics.” Specifically, Joe Biden’s economic policies and what their overall impact is on the United States economy as a whole. Welp, America, just like all other things our hapless pres. touches, Bidenomics has turned a new record. In the economic toilet.
Yup, you did read that correctly.
Bidenomics has pulled America down to an all-time low. As Heritage Pres. Kevin Roberts has incisively summarized, the report “painted a disturbing picture, both abroad and at home.”
Little more than a year into the worst presidency in the history of America, the U.S. fell 2.7 points from last years Index of Economic Freedom to a new record-low score of about 72.1, according to the data that was released this week. The U.S. has also fallen to its lowest global ranking, from the 20th spot in 2021’s ratings to 25th this year.
The index, which was released in 1995, evaluates nations in various key areas, including government size, rule of law, open markets and regulatory efficiency, while also looking at more specific categories such as judicial effectiveness, property rights, tax burden and government integrity.
“Tax burden and Government integrity.” Oops. Straight to the toilet went the Biden Economic Freedom Index ratings.
As my colleague Nick Arama has reported on Feb 10, according to the most recent Real Clear Politics Average, inflation is now at the highest rate in 40 years, jumping to 7.5 percent since last Feb., the largest year-over-year increase since Feb. 1982, more than many experts had predicted. Among the reasons, according to AP: “supply and worker shortages” as well as “large doses of federal aid.”
As Nick also reported in Jan., Joe Biden’s response to the inflation numbers from January— also a 40-year low? America, you are about to travel to another dimension — a dimension that is not only of delusional sound and sight but also of mind. A journey into the clueless land where boundaries are that of bald-faced lies and imagination. That is the signpost coming up— the Biden Zone!
Earth to Joe Biden: Listen, when even an economist from MSNBC says you are lying about the economy? You are lying about the economy.
Americans are currently having to deal with inflation that hasn’t been seen this high in 40 years, with the CPI increasing 7.5% in Jan. of this year when compared to the same month last year.
Joe Biden’s first year in the White House also saw a supply-chain crisis, United States consumer confidence diving to 11-year lows, industries shaken by mask and vaccine mandates …
And the United States national debt reaching a new record when it went above $30 trillion.
Trillions of dollars in additional federal spending have made our economy even weaker and caused a historic increase in inflation.
Lest any liberals were to read this article and race to a false argument of “Yeah, but COVID-19’s impact on the United States and the economy was not Joe Biden’s fault!”, the fly that’s in that disingenuous argument is quiet obvious: COVID-19 affected every other nation on the planet, as well.
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