In recent weeks, with inflation still at all time highs but now rising at a slower pace and with the Dept of Labor generously seasonally adjusting job numbers to make it seem that the labor force is growing relentless no matter how hard the Fed tries to whack it, Joe Biden – who had sternly refused to discuss the US economy for much of the past three years – had a change of heart and, on advice of his handlers, decided to take credit for what he sees as positive changes in the US economy by penning the term “Bidenomics”, and flooding twitter with this propaganda, which Twitter’s community notes has had a field day exposing.
But while there are those who have the energy and patience to read between the lines and uncover the lies below the surface, for many people what they see on CNN and MSNBC or read in the liberal press is what they believe: for them Bidenomics is actually working.
Of course, it would be great if Biden was right – one’s political ideology notwithstanding – and the economy was truly flourishing, but unfortunately there is another issue, one which the president will never discuss, namely the cost of Bidenomics.
We first got a glimpse of that two weeks ago when Michael Hartnett discussed “the era of fiscal excess” and pointed out that in just the past 12 months the US government spent $6.7 trillion, up 14% YoY…
Hellbound and Down 