If You Believe This…

On Tuesday, PJ Media posted an article about a recent claim made by The Washington Post about the impact of illegal immigration on America’s economy. Of course The Washington Post did not call it illegal immigration–they simply called it ‘immigration.’

The article reports:

Then on Tuesday morning, I came across this headline in The Washington Post: “The economy is roaring. Immigration is a key reason.” 

I immediately wondered if I might be concussed. 

Upon further review, I had no head injuries, and I hadn’t touched a drop of booze since last Friday, so I was indeed reading the headline correctly. Sorry, Burger King, there’s a new Home of the Whopper. 

Last fall, I began reminding readers that the MSM Biden bias was going to have to be at least three times stronger than it was in 2020 to get the slurring idiot in the White House reelected. They created a fictional Joe Biden out of whole cloth back then. He’s become such a mess that they are now creating a fictional version of their fictional version. They aren’t even pretending that the real Joe Biden is right in front of our eyes. 

The cheerleading for the economy is to be expected. It’s a kitchen table issue that they hope they can hide somewhere in a cluttered pantry. Over at The New York Times, Paul Krugman writes an almost weekly column telling readers not to believe their lying household budgets and dwindling savings accounts. His most recent effort has a headline that almost rivals the one we’re discussing today: “Bidenomics Is Still Working Very Well.” 

The article includes this quote from The Washington Post article:

There isn’t much data on how many of the new immigrants in recent years were documented versus undocumented. But estimates from the Pew Research Center last fall showed that undocumented immigrants made up 22 percent of the total foreign-born U.S. population in 2021. That’s down compared to previous decades: Between 2007 and 2021, the undocumented population fell by 14 percent, Pew found. Meanwhile, the legal immigrant population grew by 29 percent.

The article at PJ Media notes:

The authors don’t mention the inconvenient fact that record numbers of people are crushing the border and have been for months. The numbers are so overwhelming that the government is scrambling to keep tabs on as many as they can by putting them up in hotels on the taxpayer’s dime. 

This immigration isn’t much of a boon to state and local economies. We continually cover stories here about the financial strain that the “immigrants” are placing on states and cities all over America, like this recent one that Catherine wrote

Even if, as the authors posit, the economy is “roaring,” because of the “immigrants,” it’s only in one area. The southern border crisis is dragging the economy down in many ways. The “Rah! Rah!” in this article is akin to celebrating a $5000 bonus check on the same day that your mechanic tells you that your car needs $7000 worth of work to get back on the road again. 

I wonder if anyone still believes The Washington Post.

A Picture Is Worth A Thousand Words

President Biden and his administration are claiming that they have inflation under control and that Americans are doing better than ever. They can claim all they want, but a quick trip to the grocery store could quickly result in widespread skepticism.

On Friday, Red State posted an article where the Tweets tell the real story.

These are the tweets:

I realize it is hard to read, but the price went from $5.99 to $7.69 in three years–a 28 percent increase. Did your income go up 28 percent in those three years?

 

Bidenomics Works For Some People

On Wednesday, Red State posted an article about Bidenomics. Unfortunately it doesn’t work for the average American.

The article reports:

It’s a given that running drugs (and smuggling people) is a lucrative business — else the cartels wouldn’t be in the mix, to begin with. But the amount involved is utterly mind-boggling. While many Americans struggle under the weight of crushing inflation, Bidenomics may have found its champion in the cartels.

According to CBP estimates, the cartels are taking in a cool $32 million…per week. And that’s just in the Del Rio, Texas, sector.

Good to know Biden administration policies are benefiting someone’s pocketbooks, I suppose. 

How many families have been impacted by the illegal drugs coming across our southern border? How many Americans have lost their jobs because illegal aliens are working ‘under the table’ for lower wages?

I was aware of a situation at one point where an illegal alien was taken advantage of by a person from their own country. They were working at a restaurant ‘under the table’ at a very low wage, and when they were fired, the person they were working for refused to pay them for their last two weeks of work. Being in America as an illegal alien does not mean that you will have the opportunity to get rich. Because you are here illegally, you do not have the protections that an American citizen is supposed to have. Admittedly, we are paying illegal aliens money at the border and giving them free tickets to wherever they want to go, but there is no guarantee that when they arrive at their destination there will be a place to work or to stay.  Meanwhile, how many homeless Americans are living on the street?

The number of illegal aliens coming into our country every day is a heath risk, a terrorism risk, a human trafficking risk, and an economic risk (see Cloward-Pivan). We need to redo our immigration system to make it easier to come here legally, but for the time being we need to limit immigration so that the people who are here can assimilate. We should also deport any illegals that have accepted welfare benefits. American taxpayers should not be paying for the mess we have created at our southern border.

Bidenomics And The Cost Of Buying A House

Although President Biden has attempted to buy votes from younger voters with his student loan bailout programs, in the process he has created inflation and interest rates that put buying a home out of reach for the very people he has tried to bribe.

On Monday, Breitbart posted an article about what has happened to monthly mortgage payments under President Biden.

The article reports:

The average monthly mortgage payment in Joe Biden’s America has soared to $3,322, per analysis from the Wall Street Journal.

That $3,322 is nearly double the average monthly mortgage payment when His Fraudulency assumed office. When former President Trump left office, the average monthly mortgage payment was $1,787.

The article includes the following Twitter post:

The article notes:

Those obnoxiously high mortgage payments are not only due to the Bidenflation caused by His Fraudulency’s lunatic government spending. There are other factors…

For those of you who vote Democrat and are currently pissing away all your money on rent because you can’t afford a home, riddle me this: What happens to the housing market when a president throws open our southern border to millions and millions of illegal aliens who need a place to live? Think hard now… Could it be that when you have a finite amount of something people want and then flood the country with millions more people who want it…? Yes, that’s right, dummies, the cost of that Something People Want explodes and that Something People Want becomes scarcer. And now you want it and can’t get it because you’re a dummy.

The second factor is this… Democrats hate single-family homes. This is why they use Climate Change to justify blocking the construction of new homes. Democrats want us all packed in cities in massive government housing complexes. By the way, they make no secret of this.

The final factor is this… This is all by design, dummies. Democrats know lunatic government spending creates lunatic inflation and that lunatic inflation destroys purchasing power and creates high interest rates that make it impossible for the middle class to purchase a home. Democrats also know that when you flood a country already dealing with a housing crisis caused by enviro-lies with millions of illegals, housing costs explode.

If you are a young American just entering the workforce full time, do yourself a favor and vote every Democrat (and RINO Republican) out of office. That is the only way you can secure your financial future.

Gaslighting?

After a while you wonder if people are going to believe what the mainstream media tells them or what they see with their own eyes. Some of the recent claims made by the Biden administration simply do not agree with the reality Americans are dealing with.

On Monday, The U.K. Daily Mail reported:

President Joe Biden on Monday touted his administration’s success in bringing down the price of gas, groceries and airline tickets during the past year but received little thanks for his efforts.

Republicans ridiculed his claims.

‘FACT: Since Biden took office, airfare is up 21%, Thanksgiving dinner was up 25%, and gas prices are $0.86/gallon higher,’ the Republican National Committee said on X, the platform formerly known as Twitter.

It illustrates the difficulty Biden faces as he tries to sell what his administration believes is an economic good news story ahead of next year’s general election. 

Inflation may have slowed and some prices may have dropped since last year, but most prices are still higher than they were before the pandemic.  

The article concludes:

And when it comes to public perceptions, most consumers don’t see a good news story in inflation settling down when they are still paying much higher prices than they did before the pandemic.

‘No matter how the White House spins it, Joe Biden’s out-of-control spending & mismanagement of our nation’s finances have increases prices by more than 17%,’ said Republican Rep. Ben Cline on X.

‘The cost of “Bidenomics” just keeps adding up for working families.’

Republican Sen. Markwayne Mullin said: ‘Last year, Joe Biden’s broken policy agenda generated the highest inflation in 40 years. Americans have faced 33 straight months of rising prices, with food costs increasing every month since Biden took office. 

‘Americans aren’t buying the spin.’

The Republican National Committee also took issue with Biden saying gas prices had come down.

‘FACT CHECK: Under Joe Biden, gas prices have been above $3 per gallon for over 900 days in a row,’ it posted.

I think I would welcome a mean tweet about now.

Bidenomics At Work

Aside from what you are paying for groceries and gasoline, have you looked at mortgage rates and home sales right now?

On Monday, One America News reported the following:

Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability, but the housing segment remains supported by a persistent shortage of previously owned properties on the market.

New home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month, the Commerce Department said on Monday. September’s sales pace was revised lower to 719,000 units from the previously reported 759,000 units.

Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, would fall to a rate of 723,000 units.

New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. They, however, can be volatile on a month-to-month basis. Sales increased 17.7% on a year-on-year basis in October.

The stock of previously owned houses on the market is nearly 50% below it’s pre-pandemic level, according to the National Association of Realtors, which last week reported that home resales plunged to more than a 13-year low in October. Most homeowners have mortgage rates under 3%, making many reluctant to sell, boosting demand for new construction.

According to The Mortgage Reports, the mortgage interest rate in 2021 was 2.96 percent. In 2022, it was 5.34 percent. The current mortgage rate, according to Nerd Wallet is about 7.5 percent. That is a significant increase. Interest rates were artificially kept low for a number of years. That was not sustainable. However, the rate of increase (the Federal Reserve’s attempt to curb inflation) has hurt real estate sales. At one point many years ago because of a job change, we were forced to take out a mortgage at 8.5 percent (giving up a mortgage of 4 percent). If you are sitting on a 3 or 4 percent mortgage right now, the last thing you want to do is move and take out a 7.5 percent mortgage. Bidenomics has hurt Americans across the board. We need a new President with a new approach to the economy.

Looking Behind The Obvious Numbers

On Saturday, Trending Politics posted an article about the latest jobs numbers (which are being praised by the Biden administration).

The article reports:

President Biden and other top Democrat leaders have taken a victory lap over the latest jobs report that “soared past expectations” by showing that the U.S. added 336,000 jobs in September. While the Biden Administration has hailed the report as a win for “Bidenomics,” an economist with the Heritage Foundation took to X to explain why the report is actually “very troubling.”

…Heritage Foundation economist E.J. Antoni analyzed the findings further in a lengthy X thread, however, explaining why the report is “very troubling.”

“September nonfarm payrolls jump 336k; Unemployment rate flat at 3.8%; Labor force participation rate remains depressed at 62.8%; Those not in the labor force rose to roughly 5 million more than pre-pandemic – this is artificially pushing down unemployment rate,” Antoni wrote. When adjusting for true labor participation rate, Antoni pegged the actual unemployment rate between 6.3 and 6.8 percent.

…Antoni also pointed out that roughly 22 percent of jobs created came from the government, “an unsustainable increase.”

“Remember that private sector workers have to support those public sector jobs,” he continued.

The economist also noted that every single job created was part-time, pointing out that 1.2 million part-time jobs have been created over the last three months. Full-time jobs actually dropped by 700,000 over the same period, the highest figure since COVID-19 lockdowns.

In addition, double counting of multiple jobholders accounted for 37 percent of supposed gains.

…Antoni concluded by pointing out that the massive increase in part-time jobs is slowing down wage growth. “Lastly, the loss of full-time jobs and their replacement w/ part-time work is helping slow wage growth, which is then negative after adjusting for inflation – real weekly earnings fell dramatically until Jun ’22 and have moved sideways since,” Antoni wrote.

“People [are] supplementing incomes w/ part-time jobs are goosing the headline numbers while underlying economic fundamentals remain weak; people absent from workforce pushing down unemployment rate; earnings not keeping up with inflation; don’t expect the job gains to last.”

It will be interesting to see if this ‘favorable’ jobs report results in the Federal Reserve raising interest rates. The Biden administration is also claiming that inflation is under control–tell that to the people who have recently gone shopping or filled up their gas tank.

Please follow the link to the article. It includes a number of graphs and lots of additional information.

The Real Data vs. What We Have Been Told

On Monday, The Washington Examiner posted the following headline:

If economic growth seems too good to be true, that’s because it is

I would revise that headline slightly to “If economic growth is so good, why do people seem to be struggling financially?”

The article reports:

Perhaps the most notorious example this year has been the jobs numbers published by the Biden administration. Consider the newly released August jobs report. While the economy added 187,000 jobs last month, previous months were revised down by 110,000 jobs. That means 59% of the employment growth last month was jobs we thought we already had.

In fact, every monthly employment report this year has been revised down, meaning the economy has been adding fewer jobs than initially believed. Worse, the Bureau of Labor Statistics published its semiannual benchmark revisions showing jobs were overestimated by more than 300,000.

Between the downward adjustments for the monthly data and the semiannual benchmark, the number of jobs has been revised down by almost 700,000. That’s 30% of the jobs initially estimated to have been added this year. Adding insult to injury, government jobs were revised upward with the semiannual benchmark.

To be clear, jobs data are normally revised, and occasionally, several months in a row will be revised in the same direction, sometimes heavily. But this year stands out because so many of the statistics have consistently turned out to be worse than initially estimated.

Other labor market indicators have followed this pattern. The number of job openings, a proxy for labor demand, has not only fallen over the last several months but previous levels were also revised down. The latest estimate shows job openings are now 2 million below the initial figure for the start of the year.

And the problem goes beyond the labor sector to the general economy. The revised estimate for gross domestic product in the second quarter of the year removed an eighth of the previously estimated growth, falling from 2.4% to 2.1%. Investment and business income, in particular, are in bad shape.

The media in America has brought us to the point where we have a choice either to believe what we see or what we are being told. We are told that Bidenomics is working and that we are all better off under President Biden. What we see tells a different story. It is our choice as to whether or not we believe our eyes or what we are being told.

Bidennomics At Work

On September 12, The Washington Examiner reported the following:

Median household incomes peaked at $78,250 in 2019, the year before the pandemic. They declined in 2022 to $74,580, a year that saw inflation soar, undercutting household purchasing power.

“Despite nominal gains, historically high inflation resulted in a decline in real median household income,” said Liana Fox, assistant division chief for economic characteristics in the Census Bureau’s Social, Economic, and Housing Statistics Division.

That’s about a $300 a month decrease.

The article continues:

The figures released on Tuesday showed that poverty was flat, with about 11.5% of the population, or 38 million people, below the poverty line, which was $29,678 for a family of four.

The bureau also reported a jump in child poverty by one metric, the supplemental poverty measure, or SPM, from 5.2% to 12.4%. The increase was attributable in large part to the expiration of the temporary expanded child tax credit implemented by Democrats and President Joe Biden as a form of pandemic relief. The SPM, unlike the official poverty measure, includes tax credits in calculating household resources.

The question that needs to be asked in next year’s election is, “Are you better off now than you were four years ago?”

The Results Of Out-Of-Control Spending

On Wednesday, Issues & Insights posted an article about the budget deficit.

The article reports:

Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 trillion when the current fiscal year ends in three weeks, which it describes as an “unexpected deficit surge.”

In other words, the deficit will nearly double this year, calling the lie on one of President Joe Biden’s favorite boasts about how he cut the deficit more than any president in history.

But while this apparently comes as a shock to the Post, as well as other liberal news sites that picked up on the Post report, anyone paying attention knew this was happening.

Back in February, for example, we pointed out that Biden’s reckless economic policies had added more than $5 trillion to projected deficits, even as he claimed he’d done more to cut the deficit than “any president in history.”

…Now, households are paying dearly in the form of sharply higher prices for food, energy consumer goods, rents, and just about anything else they buy.

At the same time, Biden pushed through tax hikes and unleashed federal regulators, who are now gleefully writing rules to ban gas stoves, force electric car sales, slap massive new costs on energy producers, with plenty more to come. These are all anti-growth policies that are having their expected effect.

This is what Bidenomics is all about. And now we have a budget crisis that is snowballing.

That’s because while revenues keep coming in “unexpectedly” low (thanks to Biden’s sluggish economy), interest rate hikes are fueling massive increases in the cost of financing the federal government’s $30 trillion debt load.

Shutting down the government to stop the spending may be the only way we even have a possibility of not seeing our economy collapse under the weight of the federal debt.

How Is Bidenomics Working For You?

On Monday, Breitbart posted an article about the ‘success’ of Bidenomics. The White House is attempting to convince Americans that Bidenomics has had a positive impact on the American economy. I don’t think they are succeeding.

The article reports:

A super-majority of voters have negative views of the U.S. economy and disapprove of President Biden’s handling of the issue, according to a Wall Street Journal poll that the paper describes as “a stark warning to the 80-year-old incumbent ahead of the 2024 contest.”

Sixty-three percent of American registered voters say the economy’s strength is “not so good” or “poor.” Just 32 percent say the economy is “good” and only five percent say the economy is “excellent.”

…When asked how the economy has fared over the past two years, 58 percent say the economy has gotten worse. Just 28 percent say the economy has gotten better. Twelve percent say the economy is about the same as it was two years ago.

Although the rate of inflation has declined this year, Americans are unhappy with rising prices. Seventy-four percent say inflation has moved in the wrong direction, with just 20 percent saying it has moved in the right direction.

…The economy is weighing heavily on the minds of many Americans. Thirty-eight percent of Americans say the economy is the most important issue in the 2024 Presidential election, up from 35 percent in April. Another 10 percent said inflation is the most important issue, up from seven percent in April. After the economy, the top issue is “immigration, at 23 percent. No other issue scores in the double-digits.

These negative views of the economy are likely weighing down Biden’s overall popularity. Just 39 percent say they have a favorable view of Biden, versus 58 percent who say they have an unfavorable view. Forty-nine percent say they have a very unfavorable view.

Unfortunately, because of media bias, former President Trump has never been given credit for the economy he created during the first two years of his administration (and was beginning to rebuild after Covid). The logical solution to the pending economic disaster under President Biden is to re-elect President Trump. However, the media and the uni-party in Washington are willing to do anything to prevent that from happening.

Who Wins Under Bidenomics?

On Saturday, The Washington Examiner posted an article about Bidenomics, the name given to the Biden administration’s economic programs.

The article reports:

President Joe Biden announced $12 billion in corporate welfare to U.S. automakers and their suppliers this week to subsidize a transition from gasoline-powered cars to electric cars.

This should be understood as part of the long-term effort to ban gasoline-powered cars while insisting that they are not banning gasoline-powered cars.

Check out this paragraph in this CNN article on the subsidies: “The U.N.’s Intergovernmental Panel on Climate Change reported last year that aggressive, pollution-slashing changes in the global transportation sector — including the transition to EVs — could reduce the sector’s emissions by more than 80%.” The New York Times likewise writes in its article on this $12 billion in handouts: “Transportation is responsible for about one-third of the greenhouse gases generated by the United States, pollution that is dangerously heating the planet.”

But more interesting than the climate angle here is the redistribution angle. Biden administration officials present this corporate welfare as a way to help auto workers.

The article notes:

“Under Bidenomics, building a clean energy economy can and should provide a win‑win opportunity for auto companies and unionized workers who have anchored the American economy for decades.”

This is literally trickle-down economics. Biden gives billions to big business in the hope that big business will pass the money on to workers. The irony is that Biden always pretends to hate “trickle-down economics” and claims that Bidenomics is the alternative.

“Here’s the simple truth about trickle-down economics,” Biden said this summer: “It didn’t represent the best of American capitalism, let alone America.”

This is totally empty rhetoric, as Biden’s $12 billion corporate welfare to automakers shows.

Actually, Bidenomics is simply a plan to raid the American treasury, bankrupt the country and force everyone into a government-controlled crypto-currency. The only way to recover the American economy is to lower taxes on people and corporations, reduce regulation, and decrease government. The chances of that happening under a Democrat administration are non-existent.

How Is Bidenomics Working For You?

On Thursday, The Daily Caller posted an article about the current state of the American economy.

The article reports:

Inflation rose in July after steadily declining from a high of 9.1% in June 2022, according to the latest Bureau of Labor Statistics (BLS) release on Thursday.

The Consumer Price Index (CPI), a broad measure of the prices of everyday goods like energy and food, increased 3.2% on an annual basis in July, compared to 3.0% in June, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 4.7% year-over-year in July, compared to 4.8% in June.

“Inflation has become much more ingrained in the economy than the White House, Congress, or the Fed want to admit,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the Daily Caller News Foundation. “Combined with slowing economic growth, we have the perfect recipe for stagflation.”

The workforce participation rate has remained at 62.6 since March. In February 2020, before Covid, it was 63.3. It began a downward spiral in March 2020 and has never fully recovered. The economy has not grown significantly–jobs added are simply the jobs coming back after the Covid pandemic.

The article concludes:

The U.S. added 187,000 jobs for the month of July, 13,000 fewer than economists expected, and the unemployment rate fell to 3.5%. The number of jobs for the months of June and May was revised down by a cumulative 49,000 jobs.

The U.S. economy grew at a rate of 2.4% in the second quarter of 2023, surprising economists who anticipated a more modest expansion of 2%.

About That “Bidenomics” Thing

On Monday, The Independent Journal Review posted an article about rising gasoline prices.

The article reports:

Gas prices have quietly been on the rise over the summer as President Joe Biden and his administration have touted the merits of his “Bidenomics” agenda.

U.S. oil prices jumped by nearly 4% last week, and the per-gallon price at the pump hit a national average of $3.75 Monday, the highest recorded average since November 2022, according to AAA and the U.S. Energy Information Administration. Continued increases may pose a new headache for Biden, who is promoting the “Bidenomics” agenda ahead of his 2024 run for reelection.

Global oil prices are up 16% since late June, and they have increased for each of the past five weeks, according to CNN. Prices may only continue to rise in August and September as Saudi Arabia, Russia and other OPEC+ members undertake production cuts equivalent to about 1.5% of global supply, announced in early July.

The price increase is partially due to the actions of OPEC (The Organization of the Petroleum Exporting Countries) which has cut its production, but that cut is also due to the fact that America is no longer respected enough to be able to negotiate to prevent that cut and that America is no longer energy independent. Had we maintained our energy independence, the cut would not have had much impact.

Some of us remember the gas lines of the 1970’s. Energy independence will prevent those gas lines from happening again. It is unfortunate the the Biden administration did not understand the need to continue America’s freedom from the whims of OPEC.

 

The Individual States As Laboratories

When our Founding Fathers put together the Constitution, they envisioned that the states would act as policy laboratories–that when one state enacted a policy that worked, the other states would copy that policy. That is a great idea, but unfortunately egos, lust for power, and other things interfere with that basic idea.

On Thursday, Issues & Insights posted an article illustrating the differences in the outcomes of some of the economic policies various states have chosen.

The article reports:

President Joe Biden last week bragged that his economic policies — straight from the Democrats blueprint that says “borrow, tax, spend, regulate, then do it all again” — are working. But as we’ve noted, Bidenomics has been a wreck, a flop that is taking us into a recession.

Not only did Biden openly boast as our sclerosis grows worse, he also, as Democrats always do, took a jab at “trickle-down economics,” claiming it has “failed the middle class … failed America … blew up the deficit” and “increased inequity.”

…We don’t see Biden or any other Democrat ever coming around to supply-side economic policies, the correct terminology for what they sneeringly call “trickle-down economics,” which asserts that lower taxes and less regulatory meddling fuel economic growth. Yet they are exactly what our economy — any economy – needs, now and forever.

In our post-lockdown world, the states that have the strongest economic recoveries are the red ones on the map. And what do they have in common? Low taxes and light regulation.

We can see this vividly in the rankings of states that have had the greatest increases in hiring over the last year. Of the top 10, only two are blue, or Democratic, states.

(The Washington Post marks Georgia, fourth on the list, as one of three blue states because Biden took its 16 electoral votes, but that is misleading [intentionally, we’re sure] because it is a red state with large Republican majorities in both chambers of the legislature and a popular [53% of the vote in 2022] GOP governor. Nevada, next at fifth, is also considered blue even though it too has a GOP governor.)

The next seven states, according to the Post, are also red or Trump states and they tend to “​​have unusually low tax rates and lean on extractive industries such as mining or petroleum. We’ve seen firsthand the economic boom that gas and pipelines can bring to struggling regions.”

The article also notes:

“Heavily taxed blue states such as New York and California,” the Free Beacon continues, “last year had some of the country’s most drastic drops in tax revenue. At the same time, Republican states are enjoying the highest revenue increases even as they keep income taxes low.”

All I ask is that when people who have the sense to get out of blue states and move to red states move is that they don’t bring their blue state policies with them!

When Fact Checkers Check President Biden

Recently President Biden made a speech where he claimed that Bidenomics was working for everyone–inflation was down, jobs were up, etc. Well, that sounds wonderful, but the numbers tell a different story.

Issues & Insights reported:

The middle class made huge gains during the “trickle-down” Reagan boom and was making huge gains during the Trump boom until the Biden-backed COVID lockdowns gutted it.

Truth is, the only way Biden can make the case for “Bidenomics” is by lying. Examples:

    • “U.S. has had the highest economic growth rate, leading the world economies since the pandemic.”

Except it didn’t. The U.S. ranks 146th in real GDP growth in the world so far this year, came in 151st place last year, and was 66th in 2021, according to the International Monetary Fund.

    • “We created 13.4 million new jobs.”

Also false. Because almost 10 million of those were simply refilled jobs lost during the pointless COVID lockdown. Under Biden, the number of net new jobs is less than 4 million — which is nothing to brag about, given that the working-age population has grown by 6.8 million since Biden took office.

    • “Americans are back to work who’ve been on the sidelines, and they want to come back.”

Another falsehood. There are almost 10 million people who’ve dropped out of the labor force as of today, which is 2.7 million higher than it was just before all the COVID lockdowns.

    • Just in my first two years in office, my team and I have reduced the deficit by $1.7 trillion.

His biggest lie yet. As we pointed out in this space earlier, a Congressional Budget Office report released at the start of this year showed that “Biden sharply increased the deficit last year, this year, and next year, and he has set the country on course to add a total of $5.45 trillion to the federal deficit over the following decade.”

The only thing that Biden said that was truthful in his speech is that “Bidenomics is working.”

It’s working all right, assuming that Biden’s plan was to destroy America.

Please follow the link to the article. It includes a number of charts that actually illustrate what has happened to the American economy since 2021.