The Bidenomics Sham Is Collapsing
Issues & Insights,
by
The Editorial Board
Original Article
Posted By: RockyTCB,
9/16/2022 5:45:33 AM
With red lights flashing nearly everywhere, the economy’s prospects look grim. Soaring inflation, crashing home sales, plunging GDP, falling real incomes. No question, the economy is a mess. So why is the Biden administration saying things are going better?
It’s not just this week’s “unexpected” 8.3% inflation jump. Or the scary plunge in stock prices, destroying trillions of dollars in household wealth in just days. It’s that the ruling party, the Democratic Party, seems utterly oblivious to the damage it’s done.
This week, President Joe Biden touted the “progress”
Reply 1 - Posted by:
MissGrits 9/16/2022 6:28:43 AM (No. 1278942)
Ya think? How this great nation could be destroyed so quickly should terrify us!
76 people like this.
Reply 2 - Posted by:
3XALADY 9/16/2022 6:34:25 AM (No. 1278944)
#1 And there is no pushback from our side. Some times I feel like I live in an alternate universe with a target painted on my back.
93 people like this.
Reply 3 - Posted by:
F15 Gork 9/16/2022 6:41:44 AM (No. 1278950)
This administration is not “Oblivious to the damage it’s done”......every damn bit of this mess was intentional in the name of Equity. We’ve had it too good for too long and we must transition to 3rd world status ASAP. 4 million illegal aliens, printing money, sky high inflation and a New Gestapo roaming the land rooting out Americans who aren’t onboard with their program of national suicide, should get it done.
84 people like this.
Reply 4 - Posted by:
homefry 9/16/2022 6:54:20 AM (No. 1278959)
Look back at EVERY downturn in America and you will find that dim-0s had gained power just prior.
61 people like this.
Reply 5 - Posted by:
Krause 9/16/2022 7:01:35 AM (No. 1278968)
Make America Miserable Again!
Just like during the Obama tenure.
63 people like this.
Reply 6 - Posted by:
Strike3 9/16/2022 8:02:05 AM (No. 1279013)
It never got off the ground. We have known from day one of this "build back better" and "reduced inflation" nonsense that it was pure horse apples. They want to destroy the country and call it something else believing that they have a bunch of gullible peasants on their hands. They want civil war to reduce the American populations but they are going to end up facing down a united America and they will simply disappear.
24 people like this.
Reply 7 - Posted by:
Clinger 9/16/2022 8:02:48 AM (No. 1279014)
We printed more money (roughly 40%) and produced less value and we're stunned that the ratio of money to value went up!
The government just snuck into our homes slashed our mattresses, dug up the coffee cans in the back yard, broke into the banks holding our money, and stole close to half of it. What they did isn't just similar to my metaphor, it produces the exact same outcome simply by different means.
Their method went over the heads of some people who can't grasp what happened, is perfectly acceptable to others who are die hard spread the wealth socialists, is thought to be undesirable but better than the fascist alternative by another segment, and some are simply in denial.
And if we show up in DC pitch fork and torch in hand we'll end up in the gulag.
26 people like this.
Reply 8 - Posted by:
TLCary 9/16/2022 8:06:59 AM (No. 1279017)
To implement Communism you first have to break Capitalism.
39 people like this.
Reply 9 - Posted by:
Mizz Fixxit 9/16/2022 8:39:22 AM (No. 1279048)
Poster 2, we all have targets painted on our backs. The national socialist democrat party has their sights set on destruction of the middle class. They are coming for our individual liberties, our money, property and means of self defense. This is Civil War II. And as you said, “there is no pushback from our side.”
18 people like this.
Reply 10 - Posted by:
felixcat 9/16/2022 8:55:53 AM (No. 1279070)
Re #2 - exactly. I caught some of Kevin McCarthy's comments from his appearance on the Maria Bartiromo show the other day and it was embarrassing, disjointed, pathetic.
As much as the GOPe hates Trump, they could get a positive message out without saying his name by reminding Americans just how well the country was doing less than two years ago under a different President: energy independence, low inflation, no wars in Eastern Europe, etc.
20 people like this.
I truly believe that after Dominion “counts” the votes in the next election in November, the Demoncrats and the GOPeahens will come after our pensions, 401Ks, IRAs and any other savings we have and begin the process of confiscating them “to pay our debts…” If the Demoncrats stay in power the worst is yet to come.
28 people like this.
Reply 12 - Posted by:
Lazyman 9/16/2022 9:36:19 AM (No. 1279111)
Winston learned that 2 plus 2 is 5. We are becoming equally boxed in.
8 people like this.
Reply 13 - Posted by:
Ida Lou Pino 9/16/2022 9:39:38 AM (No. 1279115)
Poster #2 - - " . . . and there is no pushback from our side."
Just you wait! Fightin' Roy Blunt just found out that the commies are out to destroy our country. And Fightin' Roy is getting mad. Fightin' Roy is staring to steam. Fightin' Roy is ready to roll!
So stand back - - stand WAY back! Fightin' Roy - - and the GOPe Senate leaders - - are coming to our rescue. Fightin' Roy is about to come over the hill - - any minute now!
8 people like this.
Reply 14 - Posted by:
cor-vet 9/16/2022 9:45:37 AM (No. 1279126)
Poster #2- I think the reason there is no push back from the Republican side, is because there's gold in them there hills. I sent PDT a few dollars 5 years ago. Every day, I have to delete an average of 30 to more than 50 emails, basically begging for a campaign contribution, because the dems are out raising them. If you don’t contribute, your accused of no longer being a conservative. There may be a couple of Republicans I'll still support, but rinos like Murkowski, Crenshaw, Rove and their ilk are just in it for the money. It actually boggles the mind, how many pro-Trump candidates there are, when they're soliciting contributions. Running for political office is the new get rich quick scheme!
14 people like this.
Reply 15 - Posted by:
Sanchin 9/16/2022 9:47:19 AM (No. 1279129)
Recklessly spending money is NOT an economic plan, certainly not one designed to benefit the United States and the majority of its people. This is the beginning consequence of out-and-out theft to benefit a political party and select individuals. Again, we are considered expendable (that is why the invasion of illegals is being allowed to happen) serfs. Break your chains or get used to it.
5 people like this.
Reply 16 - Posted by:
Trapper 9/16/2022 9:48:26 AM (No. 1279134)
Perhaps if we keep at it the "man-made" global warming sham upon which the entire Green New Deal war on fossil fuels is based will also collapse. Of course climat is changing, as it always has and always will. But WE didn't have anything to do with it. Rather than dumping trillions of dollars into windmills and electirc cars, that money would be better spend on sea walls, dikes, locks, levees, and irrigation systems, to accomodate the inevitablew changes that will occur no matter WHAT we do.
6 people like this.
Reply 17 - Posted by:
MDConservative 9/16/2022 10:05:52 AM (No. 1279158)
Bidenomics is a sham that followed the COVIDS CRISIS sham that saw $14 TRILLION printed and spent on empty nonsense so the government could claim to be "doing something". Did you spend your Stimulus money? Grab PPP? Get tested for "free"? Cheer Trump's Magic Elixirs from Pfizer. Moderna, J&J, and others when they hit the street through Operation Warp Speed? Thanks. Hope you got your moneys worth. That government handout spree is the core of this inflation.
Now to compound matters comes more spending. More baseless money pumped into the economy to "fix" inflation. California is even sending out "inflation relief" checks. Government always comes through...with the WRONG prescription. No politician wants to cure inflation. It's painful stuff, especially in election years.
We will inevitably see a recession, stagflation, an economic retreat that makes this period look rosy. Those who lived through the LBJ to Reagan era know it. We've been there nearly as long as we were in Afghanistan. The cure is to STOP SPENDING BOGUS MONEY. Paul Volcker is the unsung hero of "Reaganomics". As chair of the Federal Reserve he choked off the money spigot on his end and instituted usurious interest rates to suck up the excess in circulation.
There is just no way to spend one's way out of inflation. Government will try. Some will cheer. Rosy Scenario will guide the official economic reporting. Actually, she already has.
8 people like this.
Reply 18 - Posted by:
bpl40 9/16/2022 10:14:30 AM (No. 1279169)
I have seen at least two articles (I am sure others are coming) that are saying that Trump was poised to ruin the US economy when Biden stepped in and saved it. What we are seeing are remnants which will be mopped up once we vote the Democrats back in power. No details, back ups or data, contrary to the above article, are provided of course. This seems to be the official story until November and they are going to stick to it.
6 people like this.
Reply 19 - Posted by:
Zigrid 9/16/2022 10:25:14 AM (No. 1279187)
Mr. Magoo biden doesn't have a clue as to what he's doing and saying...it's all being fed to him by an earpiece connected to obama and rice...they are illegally running our country ..not having been elected to anything....installed as advisors...just as ole Joe was installed by corruption and chaos in 2020...
10 people like this.
Reply 20 - Posted by:
Rumblehog 9/16/2022 11:10:24 AM (No. 1279260)
When "Amtrak Joe" Bidet stole the 2020 election and moved into the Oval Office, he inherited an economy that was steadily growing with a Dow Jones Average approaching 40,000,along with a quiet southern border with Mexico. Then "Biden happened" and millions of illegals invaded to soak up welfare and destroy communities and now the Dow is sinking to sub 30,000 levels where Hussein and 'Jumbles' Joe left it in 2016.
6 people like this.
Reply 21 - Posted by:
pmcclure 9/16/2022 11:12:30 AM (No. 1279263)
We will soon face an economic collapse that dwarfs the Great Depression.
6 people like this.
Reply 22 - Posted by:
LC Chihuahua 9/16/2022 11:22:00 AM (No. 1279272)
Have to wonder why Biden and company persist in saying this garbage, and the only answer is they want their lefty followers to lie for them. Their followers will lie for them. They don't want to be ostracized and canceled from their lefty cliques. They will risk sacrificing friends and family first. This is the life of a lefty. Nothing to envy there. They would rather have followers instead of friends and family.
3 people like this.
Reply 23 - Posted by:
Kafka2 9/16/2022 11:36:34 AM (No. 1279290)
The reason Bidenomics sham is collapsing is because the US economy is collapsing as a result of his policies. Biden’s war on fossil fuels, fully backed by Democrats, has driven the inflation by making everything more costly. The Democrats have made things worse with their orgy of spend other-people’s-money on impractical projects.
The Democrats deserve to go over the financial cliff, but we don’t deserve to be dragged over with them.
11 people like this.
Reply 24 - Posted by:
stablemoney 9/16/2022 11:55:30 AM (No. 1279317)
Regarding coming after our 401K's, the Democrats have discovered that they can take those with inflation, and are doing it. We have a massive transfer of wealth in this country. The transfer will impoverish the middle class, and all that wealth will dissolve in the hands of the Democrat voters, who will have to have more. Democrats have no concept that wealth in invested, and that investment is what produces goods and services. Without it, there is no production. You can try and explain that to Elizabeth Warren, if you like.
7 people like this.
Reply 25 - Posted by:
bobn.t 9/16/2022 12:00:08 PM (No. 1279323)
Shall we all stand and praise ouresteemed dictator SIR JOEBAMA.
Here, Here, FJB
Here, here, FJB]
Here, here, FJB
3 people like this.
Reply 26 - Posted by:
Mother of AL 9/16/2022 2:21:51 PM (No. 1279434)
𝖨 𝗁𝖺𝗏𝖾 𝖺 𝗊𝗎𝖾𝗌𝗍𝗂𝗈𝗇. 𝖤𝗏𝖾𝗋𝗒𝖻𝗈𝖽𝗒 𝗈𝗇 𝗍𝗁𝖾 𝖣𝖾𝗆𝗈𝖼𝗋𝖺𝗍𝗂𝖼 𝗌𝗂𝖽𝖾 𝗈𝖿 𝗍𝗁𝗂𝗇𝗀𝗌 𝖻𝖾𝖼𝗈𝗆𝖾𝗌 𝖼𝗈𝗆𝗉𝗅𝖾𝗍𝖾𝗅𝗒 𝖺𝗉𝗈𝗉𝗅𝖾𝖼𝗍𝗂𝖼 𝗐𝗁𝖾𝗇 𝗌𝗈𝗆𝖾𝗈𝗇𝖾 𝗌𝖺𝗒𝗌 𝗍𝗁𝖾𝗒 𝖼𝗁𝖾𝖺𝗍𝖾𝖽 𝖺𝗇𝖽 𝗌𝗍𝗈𝗅𝖾 𝗍𝗁𝖾 𝖾𝗅𝖾𝖼𝗍𝗂𝗈𝗇. 𝖧𝗈𝗐𝖾𝗏𝖾𝗋, 𝗍𝗁𝖾𝗂𝗋 𝗉𝗅𝖺𝗇𝗌 𝗁𝖺𝗏𝖾 𝖻𝖾𝖾𝗇 𝗌𝗈 𝖺𝖻𝗌𝗈𝗎𝗍𝖾𝗅𝗒 𝗍𝗁𝖾 𝗈𝗉𝗉𝗈𝗌𝗂𝗍𝖾 𝗈𝖿 𝗐𝗁𝖺𝗍 𝖳𝗋𝗎𝗆𝗉 𝖽𝗂𝖽, 𝗂𝗇 𝖿𝖺𝖼𝗍 𝗌𝗈 𝗈𝗉𝗉𝗈𝗌𝗂𝗍𝖾 𝗈𝖿 𝗐𝗁𝖺𝗍 𝗍𝗁𝗂𝗌 𝖼𝗈𝗎𝗇𝗍𝗋𝗒 𝗁𝖺𝗌 𝗓𝗍𝗈𝗈𝖽 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗅𝖺𝗌𝗍, 𝗌𝖺𝗒 𝟤𝟥𝟢 𝗌𝗈𝗆𝖾 𝗈𝖽𝖽 𝗒𝖾𝖺𝗋𝗌, 𝗂𝗍 𝗐𝗈𝗎𝗅𝖽 𝖺𝗉𝗉𝖾𝖺𝗋 𝗍𝗁𝖾𝗒 𝖣𝖨𝖣 𝖼𝗁𝖾𝖺𝗍 𝗍𝗈 𝗂𝗇𝗌𝗍𝗂𝗍𝗎𝗍𝖾 𝗍𝗁𝖾𝗌𝖾 𝖲𝖮𝖢𝖨𝖠𝖫𝖨𝖲𝖳 𝗉𝗅𝖺𝗇𝗌 𝗍𝗈 𝖽𝗈 𝗐𝗁𝖺𝗍 𝗍𝗁𝖾𝗒 𝗁𝖺𝗏𝖾 𝖽𝗈𝗇𝖾!
5 people like this.
Reply 27 - Posted by:
leonardo 9/16/2022 3:29:02 PM (No. 1279479)
Most voters would not have voted for open borders. Most voters would not have voted for $4 gas and sky high inflation.
Most voters would not have voted for unlimited abortion. Most voters would not have voted for totalitarian vaccine policy or MANDATED vaccines for military. Most voters would not have voted for anyone declaring political opponents enemies of the state. Most voters would not have voted for abandoning billions of dollars of weapons on Afghanistan.Most voters
would not have voted for Biden if they knew that he would send BILLIONS to Ukraine. IF MOST VOTERS would NOT have voted for Biden, how did he WIN? FIGURE IT OUT!
5 people like this.
Reply 28 - Posted by:
Hermit_Crab 9/16/2022 4:46:37 PM (No. 1279523)
Its not really "Bidenomics".... The only economics Joe ever grasped was "10% to the Big Guy".
What we have here is a combination of 0bamonomics and AOConomics.
4 people like this.
Reply 29 - Posted by:
JimBob 9/16/2022 8:48:42 PM (No. 1279622)
Welcome to the BIDEN BUST.
I agree with pretty much everything the previous L-Dotters have said.
I ask..... If The HairSniffer had set out to do everything in his power, in every facet of the government and society in which he has influence, to weaken and destroy America...... WHAT would he have done differently?
1 person likes this.
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