Biden can play the blame game for inflation all he’d like, but that’s not going to change the reality of the darker macroeconomic headwinds dwarfing the nation’s future.
Especially if Democrats remain in power due to yet another nefarious scheme, including schemes as “simple” as widespread social media censorship.
And they’ll have to pull lots of tricks out this time, given the frightening state in which the economy is currently sinking.
As reported by The Blaze, the probability of a recession by next year is approximately 100 percent, per certain economic models.
“An economic forecast by the Bloomberg Economics model projects the probability of a recession by October 2023 to be 100 percent, an increase from the last report, which estimated the likelihood of a recession within the next 12 months to be 65 percent. The model uses 13 macroeconomic and financial indicators to predict the odds of hitting a recession. Bloomberg predicts the chance of a recession happening in the next 11 months to be 73 percent, while the 10-month probability is at 25 percent,” the outlet reported.
Well, those aren’t very encouraging odds. Keep the Dems in charge and magnify all the forecasts to 100 percent.
Of course, Biden had a litany of new characters to blame for the latest economic woes, starting with “other countries.”
“I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell. Inflation is worldwide. It’s worse off than it is in the United States. So the problem is the lack of economic growth and sound policy in other countries, not so much ours,” Biden boomed.
Right. What kind of argument is that?
That’s like saying the murder rate is higher in Mogadishu so who cares about the rising murder rate in New York, or some other absurd statement that offers no solution whatsoever.
And, by the way, Mr. President, “most countries” are dealing with serious inflation due to YOUR sanctions, for a war in Europe you seem all too eager to continue.
Perhaps the recent revelations regarding a Russian oligarch’s $40M investment into Hunter Biden’s shady LLC could explain the need to constantly continue arms sales and senseless bloodshed.
Needless to say, most Americans have seen right through that nonsense, which would explain the humorous tweet from Nathan Brand, one that clearly sounded off on Americans’ real state of mind.
“NEW CBS Poll: Voters hold Biden responsible for the state of the economy. 71 percent say he bears a lot or some responsibility for an economy that 65 percent of voters say is getting worse,” Brand reported.
In other words, nice try, but no cigar, Mr. Biden.
So, instead, the president has now decided to threaten Americans over the upcoming elections, using the economy as pathetic leverage.
“Republicans in Congress’ number one priority is repealing the Inflation Reduction Act. That’s the exact wrong thing to do in this moment. If Republicans take control of Congress, everyday costs will go up – not down,” Biden warned.
Really? How so, Mr. President?
Because gas prices have more than doubled since you took over, perhaps even tripled in woke states like California.
Of course, he offered no specific explanation.
“If Republicans win, inflation is going to get worse. It’s that simple,” Biden threatened.
Right. Then “simply” explain exactly how “inflation is going to get worse” if fiscal conservatives win over free-spending liberals.
JPMorgan CEO Jamie Dimon, for instance, was rather explicit about the direct role that the current administration has played in the current economic crisis.
“[The] President of the United States needs to stand up and say we may not meet our 2050 climate objectives because this is a f***ing war. [It is] time to stop going hat in hand to Venezuela and Saudi and start pumping more oil and gas in the USA,” Dimon declared.
It is not advisable to hold your breath, Mr. Dimon.
Don’t forget … Biden is finishing “the job” Obama started … as stated by none other than Obama himself.
Author: Ofelia Thornton