The Biden Recovery
Every time I hear Biden brag about his great economic recovery I want to scream or puke. Fortunately, I'm rather rational so I do a bit of research and write an article instead. (big pat on the back).
I've written about the fake Biden recovery previously so I won't repeat it all here. Biden has NOT created a single job. In fact, there are still about 1 Million fewer people employed than in 2019.
On top of that, Biden has intentionally destroyed energy independence, Mayor Pete has allowed the supply-chain crisis to languish and Kamala has looked the other way while an invasion is taking place on our border.
Reality Check
I know... right now you are saying 'Hey Mr. Terra, you're just a low-information Biden Basher". So, I'm compelled to beat you up with FACTS.
Every time I hear Biden brag about his great economic recovery I want to scream or puke. Fortunately, I'm rather rational so I do a bit of research and write an article instead. (big pat on the back).
I've written about the fake Biden recovery previously so I won't repeat it all here. Biden has NOT created a single job. In fact, there are still about 1 Million fewer people employed than in 2019.
On top of that, Biden has intentionally destroyed energy independence, Mayor Pete has allowed the supply-chain crisis to languish and Kamala has looked the other way while an invasion is taking place on our border.
Reality Check
I know... right now you are saying 'Hey Mr. Terra, you're just a low-information Biden Basher". So, I'm compelled to beat you up with FACTS.
The Biden Bubble
Honestly, I know I cannot convince the Progressives that Biden is INTENTIONALLY destroying our country. The best I can do is to illustrate how his administration is destroying our savings, pensions and prosperity. (BTW I just invented the term Biden Bubble so I hope y'all give me some credit).
Here we go!!
I know it's hard to read in the image. When Joe took office the DGI was at $31K. It closed on Friday (06/16/2022) below $29k. In other words the DOW has lost 3% since Joe took office (not counting 10% inflation, Oh My). A 13% loss in actual value should tell you there IS NO ECONOMIC RECOVERY.
Please note the HUGE bulge in between... the market hit $35k intermittently. With the Dems controlling the House, the Senate and the Oval Office, Wall street was confident that the government would continue to print TRILLIONS of $$. The market had a buying frenzy... I call it the Biden Bubble.
If you believe that most of that money went to COVID relief then you have your head in the sand. The average American family got less than $3,000 in relief. I am being generous to say there were about 100 Million eligible people/families. Thus, the citizens got roughly $300 Billion out of Trillions that disappeared.
The rest went to folks like Blackrock, so they could compete with you trying to buy a home. This is a FACT.
Perhaps you think I'm cherry-picking ... that the DOW was an anomaly. Well, I suppose it is... because the DOW got hammered the least. If you were heavily invested in NASDAQ your investments have lost almost 30% under Joe (in spite of the big speculative bubble in between).
The NASDAQ is truly in the outhouse right now.
REALITY
The Great Biden Recovery is one of the biggest lies in human history. Sadly, educated Progressives believe it, suck it up and celebrate Joe's brilliant success.
I hope that you can see the last 15 months have been a Progressive speculative bubble. I'm not sure if the Biden Bubble has actually burst yet... but it certainly looks like it is finally deflating.
If you got out early then inflation has devalued your cash savings by about 10%. If you stayed in the market then you lost even more... your 401k or pension fund has lost more than 13%.
The next 12 months will be a roller coaster. There will be shortages in America and famines in poor nations later this year. It will fill the news going up to the midterms... and it will all be blamed on TRUMP, COVID and Putin.
The reality is that Joe lit the fuse and Joe is making the impending starvation of millions worse by diverting corn (food) into ethanol (fuel) in a desperate attempt to shave a few cents off gas prices before the midterms. He should be held accountable for all of the famine and death that occurs in the next 12 months.
- The poor are hit hard but they have nothing left to lose.
- The Billionaires running Davos are getting more wealthy by the hour
- You and I, in the middle-class, are losing prosperity week-by-week.
Conclusion
The Biden Bubble made everyone think that the Green New Deal and Build Back Better would work out. But it was a Grand Deception.
The WEF, the UN and the Progressive Urban Socialists (PUS) that control the Democrat Party are intentionally destroying the American middle class.
There is no safe haven and nowhere to hide. We must remove them from power in November.
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