Listen to Joe Biden, and the price of gas continues to drop. Listen to the facts, and the gas price has increased each of the last eight days. It is mind-boggling how this current administration looks you in the eye and lies or changes the definitions to fit their narrative. It may be starting to catch up to Biden, and his cast of misfits as the approval poll for Biden is changing direction. As gas prices dropped, his approval rose, but as the price went up, his approval went down. I think Biden hoped to keep the price dropping until Election Day and then let it takes its course. His plan failed, and the polls and the future of the Democrat stranglehold on D.C. are both in trouble.
The DOW, at all-time highs when Joe took his oath, has tanked as Biden’s policies have killed the market momentum. You watch the ticker and hope the red will change to green, but it is not to be. The market will probably be below 29,000 by the weekend. People are watching their savings and retirement funds melt away, and Joe shrugs it off. He claims he does not put much stock in the markets. In his world, the economy is strong. Unfortunately, we live in the real world, and it is hurting every American. It is not just a one-two punch with the cost of gas or the closing bell of the market, it is inflation that continues to eat away at disposable income, and the cost of heating our homes is starting to come into play.
The President and the White House can deny it till the cows come home, but we are in a recession. Every American can feel their budget being stretched and their savings being drained. We already see layoffs, and companies like FedEx, who can tell by future orders, paint a terrible picture of the future economy. Walmart and Target are prepping for early holiday promotions, and Amazon is ready to launch a special early shopping event for their Prime customers. These companies know they have to capture sales dollars when the customers still have spendable cash. These are drastic measures by the corporate sector. Where is the response by the President?
Biden is still preparing to roll out the Student Loan Giveaway. The one trillion dollar influx of cash into the economy will spike an already high inflation rate. Look at the demographics of Joe Biden’s hometown of Scranton, PA. Only 17% of Scranton went to college, so 83% of the town people will be strapped with the expense of paying the loans of the minority elite. This can be any town in America. Hardworking people who are struggling to make a living or who paid off their loans are now on the hook for those who won’t. This is a travesty that will further harm the economy. Many say this is illegal and will be challenged in court. The students waiting for a check may never see one, but this will all be solved after the election. This will go down as the most expensive vote buys in history.
This economy is spiraling, and all can see it except the President and his diversity band. They are definitely diverse but also inept, and we are paying for their failures.