Americans Despair

9

And it’s all at the hands of Biden’s criminal regime…..

Big-Time Pessimism Is Out There — and Biden Owns It

Just as he owns the inflation stalking the middle class.

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President Biden speaks to the Canadian Parliament at Ottawa, March 24, 2023. Mandel Ngan/pool

By: Lawrence Kudlow, NY Sun, March 24, 2023:

“Most Americans doubt their children will be better off.” This is the headline on a major Wall Street Journal article today about a WSJ-NORC poll. The subhead reads: “Dim view of economy underpins pessimism about future and record-low happiness in U.S.” NORC, by the way, is the University of Chicago’s nonpartisan research group.

It’s the kind of headline I hate to see because I’m a congenital optimist, but I know big-time pessimism is out there. I also know that I’m going to sound partisan, but my own view is that President Biden owns this pessimism, the same way he owns the inflation that is haunting middle-class working people.

It was his massive spending, which really continues to this day, that caused the inflation that is the cruelest tax of all, to paraphrase Maynard Keynes. On spending, a major Wall Street firm just estimated Mr. Biden’s badly misnamed “Inflation Reduction Act” would come in at a cost of $1.2 trillion, three times the CBO estimate. Spending on electric vehicles is expected to total $393 billion, 28 times what the Joint Committee on Taxation projected and bigger than the entire JTC/CBO print.

That’s just one example of the frenzied spending.

Consumer prices during Mr. Biden’s presidency are up 14.4 percent. February’s inflation ran at nearly triple the rate of the year before the pandemic began. Grocery prices up 20 percent. Gasoline up 35 percent. Utility services up 41 percent. New cars 19 percent. Used cars 22 percent. Housing services up 13 percent. And on and on.

In the NORC poll, nearly two-thirds said inflation is a major concern, and roughly four in 10 cited healthcare and housing costs. Despite low unemployment, there’s anxiety about the job market. Almost half said their finances are worse than expected. More than half have lost faith in the power of an education.

Just 12 percent describe themselves as “very happy,” the lowest share on record since NORC began asking the question every few years starting in 1972. What’s going on here is that the Biden administration has not generated any confidence in its ability to steward economic prosperity, both now and in the future.

I also believe Mr. Biden owns the banking problem, because the original sin of his bailouts was skyrocketing inflation — which ultimately led to huge interest rate increases and have sent a major shiver throughout banks all around the world.

On that point, working people do not like the bank bailouts one bit. They know the privileged few will get these bailouts, and they also know they’re going to have to pay for it, and they are already up to their eyeballs in taxes and household payments.

Keep reading…..

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Zeus
Zeus
1 year ago

We didn’t get this corrupt and this backwards in one administration or even in 50 years.

Biden doesn’t even know what day it is, so who is pulling the strings? Biden couldn’t be so corrupt, and so hostile to our Republic, and so hostile to the The People, for so long, unless the Democrat Party approved and supported and defended him. Obama was just as hostile and just as illegitimate. The Democrat Party enslaved the nation to a hostile foreign central bank called the Federal Reserve Bank. The Democrat Party went to war against our Republic. So, who is behind the Democrat Party? Who is, and has always been, pulling the stings? Who had the wealth to cause so much harm for so long, starting on day one of our Republic? Who always despised freedom and free people? Bloodlines of wealth and power from across the pond.

We’re supposed to think that our slow ruin was the natural evolution of a Constitutional Republic. It was not. We’re supposed to think the Biden regime or just Biden put us where we are so we don’t see the beast hiding in plain sight. A prosperous, safe, peaceful, sovereign, industrially independent nation run by free people is a threat to every ruling family on earth because that example would take them down from their own soil.

War does not always look like soldiers with bullets and bombs, and sometimes it lasts for centuries.

NONdep
NONdep
1 year ago
Reply to  Zeus

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Last edited 1 year ago by NONdep
JoeyJ
JoeyJ
1 year ago

These results are not problems as far as the administration is concerned.

They are FEATURES working exactly as planned.

TomSJr
TomSJr
1 year ago

The people around Joe Biden MAKE SURE HE DOESN’T GET ANY FEEDBACK on the actions they make him take with our ECONOMY, OUR BORDER, AND ANY OTHER POLICIES. Why? HE IS SENILE AND THEY ALL KNOW IT.

SHAME ON THE DEMOCRAT PARTY.
SHAME ON THE BIDEN ADMINISTRATION.
SHAME ON AMERICANS WHO DO NOTHING TO IMPEACH THIS PRESIDENT.
SHAME ON LEADERS IN CONGRESS.

G-D WILL DESTROY YOU. THAT IS A PROMISE.

Last edited 1 year ago by TomSJr
Snowedin
Snowedin
1 year ago
Reply to  TomSJr

The deep state establishment GOP RINOs area also responsible as well.

Snowedin
Snowedin
1 year ago

This is just gates, klaus schwab, soros, rothchilds, bilderbergs, the WEF, the UN, and several other NWO individuals and corporations, trying to fast track and accomplish what they failed to do WWI and WWII. Francis Bacon was talking about a NWO in the 1500’s. Inn order to complete their plan they need to take down the US. They know thy can’t succeed in the US if they do not get the guns from the citizens.

Snowedin
Snowedin
1 year ago

A chocolate factory in Pennsylvania was bombed. It is the R.M. Palmer Co. plant in West Reading, Pa., Friday. This will be adding to the food shortage and more despair in America.

edward kennedy
edward kennedy
1 year ago

“bidet” voters are too stupid to know what they have done even with the insanity they caused all around them.

Don39D
Don39
1 year ago

Every trui American should be on their knees begging God’s forgiveness for letting this happen to our nation!

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