From Peter Reagan at Birch Gold Group
After 3 years of relentless (sometimes historic) inflation, it’s about time some good news made its way through the economic carnage.
Some categories of goods have finally moved into deflationary pricing. That is, a handful of items are starting actually decline in price.
Better late than never, even though all consumer price inflation isn’t deflationary just yet.
Continue reading “Bidenomics Coverup – Latest Inflation Report Hides Something Big”
From Peter Reagan at Birch Gold Group
The White House is busy leveraging the media to tout the headline 216,000 jobs that were added in December. That was a whole lot more than the 170,000 economists predicted. The administration is eager to tell you this is a strong finish to 2023’s spectacular job growth.
Bidenomics is winning!
But despite the laser-focus on that one job creation number, American voters aren’t buying it. (The latest Presidential job approval rating of 39% makes the case.)
via Gallup
So let’s dive into this job creation and evaluate the strength of the labor market…
From Peter Reagan at Birch Gold Group
Back when inflation was heating up to historic levels in July 2022, President Biden tried to downplay inflation as “unacceptably high” but “not as bad as it looks.”
The truth was actually pretty dire back then, as an increasing percentage of Americans were struggling to afford putting food on their tables. In fact, they still are right now.
Just recently, one economist even tried to justify the poor Bidenomic performance in an Atlantic article, emphasizing that people have more money now:
“Collectively, there’s still this coming to grips with the idea that we’re never going back to 2019,” Joanne Hsu, the director of consumer surveys at the University of Michigan, told me. “We’re in a new normal now, and we’re still adjusting to what that new normal feels like.” In this unfamiliar post-inflationary territory, people seem to care more about how much things cost than about how much money they have, even if economists insist that those things are symmetrically important.
Continue reading “The American Dream vs. Bidenomics… This Is Getting Ugly”
Guest Post by Martin Armstrong
News outlets are circulating that the White House is “deeply frustrated” that the media is not glorifying the unseen success of Bidenomics. A source told the Hill that meetings are taking place to discuss how they can gaslight the public into believing that the Biden Administration has improved Americans’ financial situation.
Continue reading “White House Insists Media Praises Bidenomics”
Paul Krugman and the NYT say you are all idiots to believe Bidenomics isn’t making your life better. So shut up and listen to your betters. Our economic situation is outstanding. Just look at the stock market, where the .01% are doing fabulous. And 2024 will be even better. Vote for Dementia Joe to keep this fantastic economy rolling.
% of Americans who say they are struggling financially to remain where they are.
April 2019: 20%
June 2020: 20%
June 2021: 24%
Oct. 2022: 37%
Mar. 2023: 41%
Dec. 2023: 44% (new high)
Monmouth (A) | n=803 | 11/30-12/4https://t.co/CPiU3ThOW7 pic.twitter.com/uz9xcj0Mtu
— InteractivePolls (@IAPolls2022) December 18, 2023
From Peter Reagan at Birch Gold Group
Back in July, we reported on the Bidenomic “pay cut” of $5,600 per year that every American has suffered during Biden’s term.
Unfortunately, the failures of Biden’s economic policies are starting to pile up. They’re almost impossible to ignore already. The media won’t be able to put a positive spin on it for much longer…
So, let’s start with the basics. Washington Monthly published a piece that revealed why people’s incomes are still suffering as we close out 2023:
Continue reading “How Bidenomics is Ruining the American Economy”
Submitted by The Armchair Financial Analyst
What better way to do that than to implement economic policies and financial measures known collectively as the utterly catastrophic BIDENOMICS.
While there are numerous stealthy prongs to this highly organized multi-pronged strategy to decimate the U.S. economy, inflation is the real killshot.
Guest Post by Martin Armstrong
Government officials do not understand why Americans are disappointed with Bidenomics. Biden’s own team did not realize the term “Bidenomics” was intended to mock the president’s policies and they have adopted it as their own. “Bidenomics is about growing the economy from the middle out and the bottom up, not the top down,” Joe Biden posted on X, formerly Twitter, in July 2023. Americans’ personal financial situation has only deteriorated under Bidenomics and no one seems to understand why.