The stunning reality of Joe Biden’s economic failure is an even bigger national nightmare than anyone could ha ve imagined
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Joe Biden is on the path of being a one-term President.
He has bungled everything from foreign policy to immigration.
And the stunning reality of Joe Biden’s economic failure is an even bigger national nightmare than anyone could have imagined.
President Joe Biden and his fellow Democrats have tried to convince the American people that the economy is doing just fine.
Democrats’ media allies are hard-selling so-called “Bidenomics” to their viewers and are touting the supposed decline in inflation rates – even though no such decline actually exists.
However, the record-high inflation experienced under President Biden’s watch has not reversed – it’s baked into the cake.
Prices are simply rising more slowly now.
Worse yet, the jobs numbers are being inflated by government employment, which is not a sign of economic growth.
The Wall Street Journal reported that if Americans “[d]rill into the nation’s 3.7% unemployment rate… you’ll find a growing welfare-industrial complex beneath the seemingly strong labor market.”
“Government, social assistance, and healthcare account for 56% of the 2.8 million net new jobs over the past year, and for nearly all gains in blue states such as New York and Illinois,” the report added.
The tens of thousands of illegal aliens flooding into the country are spurring an increase in social services, but that does not mean the economy is booming.
Mass immigration might lead to higher GDP, but that is not the same as having a strong economy.
For example, Bangladesh has a higher GDP than Luxembourg, but one country obviously has a higher standard of living than the other.
New York is spending nearly $400 per illegal alien per day.
There’s a reason why Mayor Eric Adams said that the illegal alien crisis would “destroy” New York.
“We’re getting 10,000 migrants a month,” Adams said. “We had a $12 billion deficit that we’re going to have to cut. Every service in this city is going to be impacted. All of us… It’s going to come to your neighborhoods. All of us are going to be impacted by this. I said it last year when we had 15,000. I’m telling you now with 110,000. The city we knew, we’re about to lose.”
Much of the economic health is actually in red states.
The Journal added that Biden “has Republican states to thank for the increase in productive jobs in private industry.”
“The administration’s bet is that government spending on welfare and entitlements can continue to power the U.S. labor market even as job growth in manufacturing, tech, retail, and other industries flags,” the report continued. “But social make-work projects don’t improve American living standards.”
Joe Biden and Democrats’ media allies can happy-talk the economy all they want, but the American people can see and feel what’s actually going on.
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