Good day all. Since the Worst President since James Buchanan was installed, under questionable circumstances, into the Oval Office, the Economy has pretty much imploded. Inflation as skyrocketing to levels not seen since the 1970’s and energy prices have exploded upwards. Now President Bumbles Dementia has released a statement saying that Americans feel “Financially more comfortable.”
It’s been, as of the writing of this post, 1 year, 4 months, 2 weeks and 2 days since Joseph R. Biden was installed into the presidency. One of the first orders of business for this incompetent failure was to start shutting down the energy sector that, under the Greatest President of the 21st Century, Donald Trump, had turned the United States from an energy importer to an energy exporter for the first time in 70 years.
Next, the Stuttering Clusterfuck of a Miserable Failure, (SCoaMF), had the treasury crank up the printing presses and start handing out money for no actual good reason. Now inflation is running around 15%, (NOT the 8% they claim), and we might actually have actual shortages of food and fuel for the first time in a century.
Because of all this, it looks like the Democrat Party is going to be hammered flat in November. As for President* Bumbles Dementia? He thinks that everything is just fine and that Americans feel more financially comfortable since he stole assumed office. Here are the details from the Post Millennial:
This afternoon, (Friday, June 3rd), President Joe Biden said in a prepared statement that “since he took office… more Americans feel financially comfortable.”
Biden’s claim was part of his speech on the May jobs report where he further said families have less debt and that their savings are up. These remarks are in light of record-high inflation.
As to that crack about less debt? It appears that statement is no longer operative, if it was ever operative in the first place.
According to CNBC American consumers ended last year with an accumulative 15.6 trillion dollars of debt, which they described as a “record-breaking increase.” In today’s remarks, Biden did not clarify the metric he used to qualify his claim.
I can tell you exactly where he got the metric. He pulled it out of his ass like he does anything that he uses to make himself look good. In other words, he lied and made it up.
In March of last year, Biden passed his American Rescue Plan which was a 1.9 trillion dollar stimulus package that continued payments directly to American families. Economic Impact Payments of $1,400 went to individuals, $2,800 for married couples, and $1,400 each dependent.
That disaster is generally considered to be what pushed the United States over the edge and into the inflationary mess we’re now seeing.
Despite the White House blaming Putin for current record inflation, the 2021 Stimulus was responsible for overheating the American economy and causing record inflation. When too much money chases a scarcity of goods it devalues the dollar, rendering the value of savings significantly less. As Fortune reports, Americans’ savings rate has actually hit recession-era lows.
Dementia Joe has a long history of blaming others for his own failures. He also has a long history of not listening to people when he doesn’t like what they are saying about his incredibly stupid ideas. When things blow up in this failures face, as they invariable do, he promptly blames everyone else and refuses to accept responsibility for his actions.
Biden said, “A recent survey from the Federal Reserve found that more Americans feel financially comfortable than at any time since the survey began in 2013.” The survey in reference is the Survey of Consumer Finances where families volunteer for two hours or more of questioning. The survey is conducted every three years from a random sampling of anywhere between 4500 and 6500 families.
I would love to know who they actually sampled. I suspect that “Random Sample” was of rich Progressive Liberal Democrats” all living in their gated communities with armed guards. They certainly didn’t ask me. I’m having trouble putting money from my paycheck into my savings and retirement accounts. My monthly expenses, primarily energy and food, have exploded in the last year. I was looking at replacing my old pickup with a new Ford Bronco. Right now I’m glad they sold out for the year since I’m not sure I could afford it now.
I’m not alone in this. Most people who were doing well are now struggling. This started with the incredibly stupid lockdown due to the Fauci paid for bioweapon. The lockdown was supposed to be for 2 weeks to “Bend the curve down” and give hospitals time to prepare for the onslaught of plague victims. It lasted 2 years in places and the “Onslaught” of hospitalizations never happened.
In 2020, President Trump was seeing that the Fauci Flu wasn’t as bad as Fauci and the various health agencies were saying it was. (A situation of who are you going to believe? The “Experts” or your own lying eyes?) He was starting to look into opening things back up as quickly as possible, however the Democratic Communazis used this fraud as a means to wreck everything positive that President Trump did. Then we had the Tainted Election of 2020 and the installation of President* Bumbles Dementia. Once in office, Dementia Joe, once again proving that even Obama was right once in a while, promptly came in and did absolutely all the wrong things.
Things are going to get a lot worse before they get better, if they ever do. Joe Biden needs to be removed from office. The problem with that is his equally incompetent and inept Vice President, the retired prostitute, Kamala Heels Up Harris. Depending on how things go in November, and how badly the Democrats are hammered, we could actually see a double impeachment. First Biden, and after she’s sworn in, Harris. (Yeah, I know. Not happening, but it’s a fun thought!) Things may not improve until 2025 when either President Trump is voted back in, or whoever he decides should be his successor.
Thatisall
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