{"id":55392,"date":"2024-06-20T10:48:44","date_gmt":"2024-06-20T14:48:44","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=55392"},"modified":"2024-06-20T10:48:44","modified_gmt":"2024-06-20T14:48:44","slug":"the-impact-of-bidenomics-2","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=55392","title":{"rendered":"The Impact Of Bidenomics"},"content":{"rendered":"

On June 18th, Just the News<\/a> posted an article about the impact of Bidenomics. Essentially Bidenomics is excessive spending creating inflation and rising federal deficits combined with interest rates rising in an attempt to curb inflation without dealing with the spending.<\/p>\n

The article reports:<\/p>\n

More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs. Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters’ Voice Poll.<\/strong><\/p>\n

Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research. The closures are a 24% increase from 2023.<\/strong><\/p>\n

U.S. drug stores and pharmacy closures led to 8 million square feet of shuttered retail space this year, the research company said. It also notes that retailers are losing inventory and customers due to retail theft. \u201cRetail shrink\u201d is closely connected to \u201corganized retail crime,\u201d it notes.<\/strong><\/p>\n

Out of the 3,200 being closed, the majority are being closed by roughly 30 retailers, with Family Dollar closing the most of over 600, according to the data, CBS News reported<\/a>.<\/strong><\/p>\n

The article concludes:<\/p>\n

One key indicator of economic health is consumer spending, and while it hasn\u2019t yet slowed, warning signs are there because it\u2019s largely being financed by debt, economists have explained. And consumers are also struggling to pay it off, they add. Earlier this year, economist David Rosenberg of Rosenberg Research warned<\/a> that as total credit card debt reached a new all-time high of $1.13 trillion, credit card and auto loan delinquencies were also up. “As far as consumer credit is concerned, the default cycle isn’t merely looming, it’s arrived,” he wrote in an economic report.<\/strong><\/p>\n

According to a recent The Center Square Voters’ Voice Poll<\/a>, conducted in conjunction with Noble Predictive Insights, inflation\/price increases (45%) and the economy\/jobs (24%) are top concerns among voters.<\/strong><\/p>\n

“Inflation is a high-ranking issue among Democrats and Republicans and True Independents,” David Byler of Noble Predictive Insights told The Center Square. “Every political group thinks this matters.”<\/strong><\/p>\n

The rise in retail theft is also a factor in store closings. How much does it cost to put candy behind plastic so that it cannot be stolen? How many extra man hours are needed to help customers access products that are now locked away? These are also things that lead to higher prices and continuing inflation. Curtailing government spending and prosecuting retail theft would be a good first step in lowering prices for consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"

On June 18th, Just the News posted an article about the impact of Bidenomics. Essentially Bidenomics is excessive spending creating inflation and rising federal deficits combined with interest rates rising in an attempt to curb inflation without dealing with the … 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":[1855,16736,7197,3428,2917,172,12498,15892],"class_list":["post-55392","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bankruptcy","tag-bidenomics","tag-consumer-spending","tag-economy","tag-federal-deficit","tag-government-spending","tag-just-the-news","tag-price-increase"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55392","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=55392"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55392\/revisions"}],"predecessor-version":[{"id":55393,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/55392\/revisions\/55393"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}