Consumer spending accounts for approximately two-thirds of the U.S. economy, so Joe Biden's crushing…
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Image of the Day: "Bidenomics" Crushes Consumer Confidence

Consumer spending accounts for approximately two-thirds of the U.S. economy, so Joe Biden's crushing impact on consumer confidence helps resolve his apologists' confusion over Biden's economic disapproval.  After inheriting an economy rebounding from the Covid shock, Biden's policies quickly drove consumer confidence back downward, where it continues to stagnate.  No wonder he finds himself in such electoral hot water.

[caption id="" align="alignleft" width="849"] Bidenomics Crushes Consumer Confidence[/caption]

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May 08, 2024 • 12:39 PM

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Bidenomics: Inflation Hitting Working Classes Hardest
By Timothy H. Lee
Thursday, August 24 2023
Joe Biden regularly insists that “Bidenomics” means building an economy “from the bottom up and the middle out.”   In a cruel irony, however, it’s actually high inflation and now rising interest rates that are hitting Americans from the bottom up and the middle out.   To understand why, consider the types of products and services most subject to persistent inflation since Biden took office in January 2021.  They’re disproportionately the type of non-discretionary products and services that we all must buy to survive and go about our…
 
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Notable Quote   
 
"The Federal Reserve must not make President Joe Biden's mistake when choosing between inflation and the economy.Three years ago, when confronted with this choice, the Biden administration chose economic growth at all costs -- literally, spending trillions to stoke the economy. The result has been (and continues to be) the inflation that won't go away, even as the economy now appears to be slowing…[more]
 
 
— J.T. Young, Former Congressional Staff Member Who Also Served at the Department of Treasury, Office of Management and Budget, and as a Government Relations Director at a Fortune 20 Company
 
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