{"id":42651,"date":"2021-07-17T21:48:28","date_gmt":"2021-07-18T01:48:28","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=42651"},"modified":"2021-07-17T21:48:28","modified_gmt":"2021-07-18T01:48:28","slug":"the-impact-of-bidenomics","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=42651","title":{"rendered":"The Impact Of Bidenomics"},"content":{"rendered":"

The Conservative Treehouse<\/a> 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.<\/p>\n

The article reports:<\/p>\n

Well, well, well\u2026. though financial media will say this is remarkably unexpected, it is something CTH specifically predicted we would see \u2013 and it is happening exactly on the timeline CTH anticipated.<\/strong><\/p>\n

The Bureau of Labor Statistics releases the second quarter national wage rate data today {BLS DATA HERE<\/a>}.\u00a0 U.S. wages DECLINED 1.2% in the second quarter of 2021 compared to last year.\u00a0 When reviewing the data [Table 2<\/a>], look at the negative impact to women, specifically Black and Asian women:<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Combine a 1.2% decline in earned wages with a 5.4% overall inflation rate recently reported {Go Deep<\/a>},\u00a0 and what you get is a 6.6% drop in real income amid the working class.\u00a0 That, my friends, is exactly what we said should be expected.\u00a0 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.<\/strong><\/p>\n

You cannot have declining wages and massive inflation and expect the middle-class to survive.\u00a0 Additionally, when I said six weeks ago that we had just passed peak home value, this is another data point to bolster that prediction.\u00a0 We are in a plateau period on macro-level real home values, from this point they start dropping.\u00a0 You cannot have near double digit drops in real income and simultaneously expect people to afford high mortgages.\u00a0 It just doesn\u2019t happen.<\/strong><\/p>\n

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.\u00a0 Yet despite this,\u00a0 Biden is intent on importing even more economic migrants to put even more downward pressure on wages for the working class.<\/strong><\/p>\n

These are very real outcomes of policy.\u00a0 Working class Blacks and Latinos will feel this even more, yet this is the special interest group that Democrats claim to support.\u00a0 The reality is exactly opposite from the narrative sold by the Biden administration.<\/strong><\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2026. though financial media will … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14050,14051,13157],"class_list":["post-42651","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-biden-administrations-economic-policies","tag-national-wage-rate-data","tag-the-conservative-review"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42651"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42651\/revisions"}],"predecessor-version":[{"id":42653,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42651\/revisions\/42653"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}