{"id":40849,"date":"2020-12-30T12:16:37","date_gmt":"2020-12-30T17:16:37","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=40849"},"modified":"2020-12-30T12:16:37","modified_gmt":"2020-12-30T17:16:37","slug":"the-predicted-dark-winter","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=40849","title":{"rendered":"The Predicted Dark Winter"},"content":{"rendered":"

Issues & Insights<\/a> posted an article today about recent statements from Joe Biden that the country is facing a dark winter.<\/p>\n

The article notes:<\/p>\n

\u201cBefore the surge in COVID cases we predicted, many predicted, and the deaths rise that we\u2019ve seen in December \u2026 we head into a very dark winter ahead,\u201d he said.<\/strong><\/p>\n

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He also lamented the \u201cgrim\u201d jobs report, which showed \u201can economy that is stalling.\u201d Employment grew by only 245,000 in November, \u201cwell below the 440,000 expected by economists and a sharp drop from the 610,000 reported in October,\u201d CNBC reported<\/a>.<\/strong><\/p>\n

\u201cWe remain in the midst of one of the worst economic and job crises in modern history,\u201d said the man who as vice president oversaw one of the weakest economic recoveries in U.S. history.<\/strong><\/p>\n

Apparently it never occurred to Biden and his handlers that government intervention, not the virus, caused 2020\u2019s downturn. Nor have they even begun to understand that Democrats\u2019 economic policies, filled with steep, punitive taxes, and impossible-to-jump regulatory hurdles, are a slow-motion march of the economic lockdowns that almost instantly paralyzed the economy this year.<\/strong><\/p>\n

A lack of optimism in a Biden economy is not ours alone.<\/strong><\/p>\n

\u201cWall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns,\u201d says another CNBC report, this one highlighting the network\u2019s survey<\/a> of \u201cmore than 100 chief investment officers and portfolio managers.\u201d<\/strong><\/p>\n

\u201cTwo-thirds said the first four years of Biden will be worse for stocks than Trump\u2019s term,\u201d according to the results.\u00a0<\/strong><\/p>\n

The article explains why the stock market is important to all Americans:<\/p>\n

Should we care about stock performance? Of course we should. Wall Street and Main Street USA meet at a large and busy intersection. More than half of the country \u2013 55%<\/a> \u2013 owns stock. That\u2019s down from the two-thirds that owned stock in 2002. But still more than enough for stock performance to count.<\/strong><\/p>\n

The concerns cited by the CIOs and managers should be alarming even to those who aren\u2019t shareholders. If Biden is able to reverse the Trump tax cut (and increase taxes by several trillion<\/a>), as well as unwind the administration\u2019s critical regulatory relief, the economy that was recovering strongly from the lethargic Obama years during Trump\u2019s first three years will stagnate, likely even decline.<\/strong><\/p>\n

The article also notes the Biden policies that will have a negative impact on economic growth:<\/p>\n