The Impact Of Bidenomics

The Conservative Treehouse posted an article yesterday about the impact on our economy the Biden administration’s policies are having. The Biden administration’s economic policies have not been kind to women.

The article reports:

Well, well, well…. though financial media will say this is remarkably unexpected, it is something CTH specifically predicted we would see – and it is happening exactly on the timeline CTH anticipated.

The Bureau of Labor Statistics releases the second quarter national wage rate data today {BLS DATA HERE}.  U.S. wages DECLINED 1.2% in the second quarter of 2021 compared to last year.  When reviewing the data [Table 2], look at the negative impact to women, specifically Black and Asian women:

Combine a 1.2% decline in earned wages with a 5.4% overall inflation rate recently reported {Go Deep},  and what you get is a 6.6% drop in real income amid the working class.  That, my friends, is exactly what we said should be expected.  That is also why the JoeBama administration needs to pump more money into the system (human infrastructure spending) in order to stop people from realizing just how bad it is.

You cannot have declining wages and massive inflation and expect the middle-class to survive.  Additionally, when I said six weeks ago that we had just passed peak home value, this is another data point to bolster that prediction.  We are in a plateau period on macro-level real home values, from this point they start dropping.  You cannot have near double digit drops in real income and simultaneously expect people to afford high mortgages.  It just doesn’t happen.

The declining wage rates, and the more substantive drop in real wage rates due to massive inflation, are specifically hitting the lower tier of the working class harder.  Yet despite this,  Biden is intent on importing even more economic migrants to put even more downward pressure on wages for the working class.

These are very real outcomes of policy.  Working class Blacks and Latinos will feel this even more, yet this is the special interest group that Democrats claim to support.  The reality is exactly opposite from the narrative sold by the Biden administration.

The only hope we have for the future economy of America is to elect conservative Republicans to Congress next year. RINO’s might as well be Democrats–they won’t help. Look at the voting record of your House of Representatives member or Senator if they are up for election, and then decide whether to support them. There is still time to recruit conservatives for public office.

Cloward-Piven In Action

Cloward-Piven is a strategy created by two Columbia University professors in the 1960’s. Essentially it is a plan to overwhelm a free market economic system in order to create a socialistic system.

Oathkeepers describes the strategy as follows:

In their 1966 article, Cloward and Piven charged that the ruling classes used welfare to weaken the poor; that by providing a social safety net, the rich doused the fires of rebellion. Poor people can advance only when “the rest of society is afraid of them,” Cloward told The New York Times on September 27, 1970. Rather than placating the poor with government hand-outs, wrote Cloward and Piven, activists should work to sabotage and destroy the welfare system; the collapse of the welfare state would ignite a political and financial crisis that would rock the nation; poor people would rise in revolt; only then would “the rest of society” accept their demands.

Basically, when the government runs out of money, the people who depend on the government for their income will revolt. How do you hasten the government’s running out of money? One way would be to abruptly add thousands of new citizens who might need government benefits.

Yesterday The Conservative Review reported the following:

Joe Biden announced during an NBC News interview that aired on Tuesday evening that he will immediately move to give citizenship to millions of illegal aliens once he gets into office in two months.

“I’m going to make a commitment in the first 100 days, I will send an immigration bill to the United States Senate with a pathway to citizenship for over 11 million undocumented people in America,” Biden said. “I will also be moving to do away with some of the I think very damaging executive orders that have significantly impacted on making the climate worse and making us less healthy.”

Biden has already pledged to dramatically increase the number of refugees that he admits into the U.S. from 15,000 under President Donald Trump to 125,000. Biden has also pledged to end the Trump administration’s travel ban on nations that are considered to be hot beds of terrorism.

It should also be noted that if Joe Biden becomes President, he will increase the number of H1B visas–the visas that allow foreign tech workers access to American jobs. That will repay Silicon Valley for their help with his campaign–they will have access to cheaper foreign labor instead of having to pay Americans. This will increase unemployment among American tech workers.

A Biden Presidency will be a nightmare for the working people of America. Hopefully the election fraud that occurred on election night can be revealed and reversed.