Tag: economy

Kamala will Expand Destructive Biden Economic Policies

The Kamala Harris administration is expected to continue the policies of the Biden administration, building on and perpetuating Bidenomics with an added infusion of Marxist principles.

The critical flaw of Bidenomics, which will be even more pronounced in Kamalnomics, is the failure to recognize that real wealth gains in an economy require entrepreneurs. The profit motive drives entrepreneurs to innovate, create new products, and find more efficient ways to satisfy people’s needs and wants, making life easier. Government transfers, welfare, soft loans, and DEI initiatives cannot achieve this goal. Worst of all, under the White House’s national industrial policy, the government will attempt to engage in entrepreneurship, gambling with taxpayer money.

President Joe Biden is the first U.S. president to establish a comprehensive national industrial policy document, a move reminiscent of strategies used by China and other communist countries. In these countries, the central government opens its own companies and provides soft loans and other benefits to favored companies or demographics that align with its vision for the economy.

Biden’s policy aims to address issues like climate change and economic inequality, which are not profit-driven goals. Private companies operate with the primary aim of making a profit, and even then, many still face bankruptcy. A company with any other primary goal is unlikely to succeed. However, a government company doesn’t face the same risk of bankruptcy; when it runs out of taxpayer money, it can simply request more from the central government.

The industrial policy will also focus on creating “good, union jobs.” How can Biden know in advance that the workers will choose to unionize?

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21 Facts That Joe Biden Doesn’t Want You To Know

It takes a lot of gumption to go on television and repeatedly lie to more than 300 million Americans.  I honestly don’t know how Joe Biden does it.  I suppose that after you have been lying for your entire career, lying comes as naturally as breathing does.  Sadly, there are still millions of Americans that are falling for his lies after all this time.  Biden would like for us all to believe that the economy is “booming”, that the southern border is under control, that our communities are safe, and that Ukraine is going to win their war against Russia.  Our entire society is literally crumbling all around us, and Biden and his minions have brought us to the brink of global war.  I am entirely convinced that he has been the worst president in U.S. history, and that is really saying something.

Ultimately, Joe Biden is just another slimy politician that is trying to save his job.

I get that.

But come on man, how can anyone actually believe the nonsense that he is shoveling?

There are a few numbers that Biden can cherry pick to try to make himself look good, but here are 21 facts that Joe Biden doesn’t want you to know…

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The Percentage Of Americans Who Worry They Won’t Be Able To Pay Their Bills Is Higher Than It Was During The Great Recession

Do you remember how painful the Great Recession was?  2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then.  Slowly but surely, our economic strength has been fading and our standard of living has been falling.  Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling.  According to a CNN poll that was just released, almost 40 percent of all U.S. adults “say they worry most or all of the time that their family’s income won’t be enough to meet expenses”…

Many Americans regularly worry they won’t be able to make ends meet.

Nearly four in ten (39%) of US adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses, according to a new CNN poll. That’s up from 28% who expressed those concerns in December 2021, and it’s similar to the numbers seen during the Great Recession (37%).

To cope, significant shares of Americans said they are adding side jobs, cutting down on driving and putting more expenses on credit cards.

If you would have asked me before I saw the results, I would have been quite confident that the number during the Great Recession would have been higher than the number in 2024.

Just like everyone else, I remember the Great Recession as such a painful time.

Sadly, the economic pain that we are experiencing now is just beginning.

Ordinary Americans from coast to coast are being absolutely crushed by rising prices, and that isn’t going to change any time soon.

In an article that CNN posted about this new survey, one woman that works for the CDC admitted that she was recently forced to move because costs have risen so aggressively…

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The Economic Folly of a Carbon Tax

The push for a carbon tax has regained popularity as the fiscal storm in 2025 and climate change debates intensify. Advocates claim it’s a solution to pay for spending excesses while reducing greenhouse gas (GHG) emissions. But a carbon tax is a misguided, costly policy that must be rejected.

A carbon tax functions more like an income tax than a consumption tax, capturing all forms of work, including capital goods production and building construction. These sectors are heavy on carbon emissions, meaning the tax disproportionately burdens them, stifling investment and innovation — much like a progressive income tax, but with broader economic repercussions.

For example, in the US, the construction sector alone accounts for about 40 percent of carbon emissions. A carbon tax would heavily penalize this industry, reducing its capacity to grow, generate new housing, and create jobs. Moreover, implementing a carbon tax involves massive administrative costs. The federal tax code is already complex and costly; a carbon tax would exacerbate these issues.

Determining net carbon emissions is a nuanced process subject to ever-changing and arbitrary federal definitions, increasing compliance costs for businesses and consumers.

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As Inflation Takes Its Toll Americans Set to Get Smaller Social Security COLA in 2025

America’s seniors face a financial squeeze in 2025, with Social Security increases lagging behind rising costs of basics like food and housing.

This comes as Democrats spend billions on illegal immigrants, raising questions about budget priorities.

The Senior Citizens League (TSCL) projects a 2.63% cost-of-living adjustment (COLA) for Social Security in 2025. This translates to roughly $45 more per month for retirees.

“It’s not enough,” says Shannon Benton, TSCL’s executive director. “Seniors need more to cover rising prices on everyday items.”

Let’s look at the numbers:

– 2024 COLA: 3.2% (about $59 more per month)
– 93% of seniors say this increase didn’t cover their rising costs
– Many report monthly expenses rising by $185 in 2023

This gap is causing real problems.

Benton notes growing “food insecurity” among seniors. Many struggle to pay for basics like heating and cooling.

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More Than 10 Million Illegal Immigrants Under Joe Biden and the Real Employment Numbers Since He Took the White House

Far-left detractors are calling the Republican National Convention a Nazi convention because Republicans want to secure the border and deport illegal immigrants.

They also claim that Republicans are falsely demonizing illegal immigrants. However, protecting the border and enforcing the law is not a Nazi act; it is a normal function of government and part of the contract a government has with its citizenry.

As for demonization, the claims of illegal immigrants taking jobs and lowering wages are 100% true. To cover for the negative impact of immigration on jobs and wages, Biden lies about his job numbers, and Democrats and the mainstream press support his false claims.

As of June 2024,  approximately 6.8 million Americans were unemployed. In fiscal year 2023, the United States hit a record of 3.2 million encounters with illegal immigrants nationwide, including more than 2.4 million encounters at the Southwest border alone.

Over the past four fiscal years, from October 2019 to January 2024, U.S. Customs and Border Protection (CBP) reported more than 9.8 million border encounters across the country. This number represents approximately 2.93% of the current U.S. population, which is estimated to be around 334 million.

The Biden administration claims that unemployment is at the lowest level in fifty years. However, the unemployment rate is currently 4.1%, which is higher than during most of the Trump administration.

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Under Biden More Americans on Welfare and Fewer Americans Working

Socialists want higher taxes, increased reliance on government, and if possible, the complete elimination of the private sector.

They aim to transform the US into a country where, like much of the world, 1 in 5 youths are NEET—“not in employment, education, or training.” In the US, the percentage of those aged 16-24 qualifying as NEET has already reached 11.9%, and as welfare and unemployment benefits increase, so will this number.

They advocate for universal basic income (UBI), which is defined as “an unconditional cash payment given at regular intervals by the government to all residents, regardless of their earnings or employment status.” The country appears to be moving in this direction.

Under Biden, more people are on government assistance than at any time in US history, and the workforce participation rate is at the lowest point since 1978, when women became fully integrated into the workforce.

The low workforce participation rate is the result of liberal government unemployment and disability payments, as well as food and rent assistance, that make it more profitable to stay home and collect checks than to work.

Those who support welfare programs often downplay the amount of money recipients receive by citing a single program like SNAP, where the maximum benefit for a family of four is $931.

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Business Bankruptcies Jump 34 Percent in First Half of 2024

Bankruptcy filings by commercial entities grew by more than a third this year as businesses struggled under an environment of high costs and interest rates, according to the American Bankruptcy Institute (ABI).

A total of 3,016 commercial Chapter 11 bankruptcies were filed in the January–June period this year, up 34 percent from last year, said a July 3 ABI press release. Small-business filings rose by 61 percent. Total bankruptcy filings rose by 15 percent, with individual filings increasing by 15 percent.

“The continued increase in bankruptcy filings reflects the growing economic strain on businesses and households,” said ABI Executive Director Amy Quackenboss.

Michael Hunter, vice president of bankruptcy data provider Epiq AACER, said he expects an increase in individual filings ahead, “especially considering the large increase in commercial filings, consumer debt levels, high interest rates, and overall increased costs with relatively flat household income.”

Businesses have been battered in an environment of high inflation and high interest rates. The 12-month inflation rate has been hovering above 3 percent since June last year, although some analysts calculate that it maybe much higher than that. Meanwhile, the Federal Reserve has kept interest rates within a range of 5.25–5.5 percent since July last year. This combination of higher expenses is putting pressure on businesses.

Despite such an environment, many executives remain positive about the future. A recent survey by professional services network Grant Thornton found that 58 percent of chief financial officers (CFOs) are optimistic about the U.S. economy, the highest in almost three years.

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Loss Of Economic Hope Kills, And That Is The Point

I was speaking to a young American recently, and I asked, what do you think forever wars, abortion, poisoned food, bad medical care, deadly vaccines, LGBT, transgender, fentanyl, destruction of the family, destruction of the food supply, all have in common?

The young person’s eyes widened as he replied, “Depopulation?”

“Bingo,” I said.

Add loss of economic hope to the killing machine.

Ever wonder why immigrants get ‘free everything’ yet, working class American get economically shafted?

Our psychotic overlords want a slave class, and they want to kill the American working class, who demands too high of a wage, and values that thing called freedom.

Economic depression is a formidable weapon, used to destroy hope, and foster suicide.

The ‘rich men north of Richmond’ really do hate you and want you dead.

To think of the level of evil this state of mind requires, to intentionally harm an entire class of humans, is sobering.

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Bidenomics: 27% of Americans Say They Skip Meals Due to Rising Cost of Food

27% of Americans say they skip meals due to the rising cost of food.
39% say they skip meals to make house payments.

Unusual Whales reported:

39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate survey.

And among millennials, that figure rose to 44%. Among Baby Boomers, it was 20%.

Meanwhile, Housing affordability in the US is near all-time-lows, per $GS.

In November, nationwide, households need six-figure incomes to comfortably afford the typical home for sale, according to a report by Redfin.

Last month, the nation’s home buyers needed to make about $107,000 annually, up from about $74,000 a year earlier, to afford a median-priced home, according to Redfin. That’s an increase of nearly 46%.

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