Biden now Surpasses Jimmy Carter as worst President ever in terms of handling Economy

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Hundreds of billions for Ukraine, fancy hotels for illegal aliens and higher taxes and fentanyl for Americans.

Joe Biden makes Jimmy Carter and George Bush look like Abraham Lincoln
 

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According to the WSJ companies are now following the corrupt government in cooking their books to create fake profit numbers so their stock price won't fall....

Business Is Slowing. So Companies Are Juicing Profits.

Reallocate costs. Unwind charges. Delay depreciation. Companies are using nontraditional ways to boost the bottom line.

One way companies are trying to make their results look better is to provide numbers that don’t adhere to accounting standards—what are often referred to as pro forma measures—alongside the official data.

A report published Thursday by research firm Calcbench compared the net income based on accounting standards for 200 randomly selected companies in the S&P 500 with their adjusted net income, which can include or exclude items that would normally be counted. The adjusted numbers were higher by $1.1 billion on average last year, an increase of more than 130% over a similar sample from the year prior.

Another measure used to predict the likelihood of earnings flattery is the Beneish M-score, named for its creator, Indiana University accounting professor Messod Beneish. Recently, academics found the aggregate score of a sample of nearly 2,000 companies was at its highest level in more than 40 years, the most recent data shows. Historically, the aggregate score peaks ahead of a downturn.

https://archive.is/gjmHF
 

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?????? Biden admins lying about jobs again


US national debt, 1960: $286 billion
US national debt, 2023: $31.4 trillion

Are our roads better?
Are our streets safer?
How about healthcare?
Is it easier to raise a family?
Did we improve our schools?

If not, then what the hell did they do with that $31,124,000,000,000
 

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The same government report that announced 339,000 new jobs in May also announced 440,000 new unemployed persons, causing unemployment to rise from 3.4 to 3.7%. Since the labor participation rate did not change
 

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good real on commercial real estate and its coming implosion

What Are Older Office Towers Worth When They Finally Sell amid Record Vacancy Rates? Not Much. Huge Losses Everywhere​

https://www.politico.com/news/2023/06/05/mortage-interest-rates-property-values-00094969

The next big threat hovering over the U.S. economy​

Some $1.5 trillion in mortgages will come due in the next two years, a potential time bomb as higher interest rates push down property values.

“Am I worried? The short answer is yes,” Sen. John Kennedy (R-La.), a senior member of the Senate Banking Committee, said in an interview. “The long answer is hell yes.”
 

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While Biden brags about a low unemployment rate keep in mind that inflation is still at a 40 year high which is requiring people to work more than 1 job, people are coming out of retirement to supplement their income, people are doing everything from Door Dash to donating plasma in an attempt to keep up with the cost of living all while Biden goes on vacation in between sending billions to Ukraine and China. While US citizens are choosing between rent, medications, food and gas Biden is handing out cell phones, hotel vouchers and $800 to each illegal immigrant.
 

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Tweeted just hours apart

1686775854746.jpeg

1686775871159.jpeg
 

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Biden Brags That He's Destroying Economy At Slightly Slower Rate Than Before
 

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question given to Janet Yellen today .... and her, erm, answer

Q: “What if China, in response to sanctions, would dump 859 billion dollars of treasury securities?”

A: “We haven’t thought about this.”

just a reminder she's the Sec of Treasury responsible for economic policy in USA. She also probably thinks a strong economic indicator is Taylor Swift selling out concerts
 

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Resident Joe Biden has added twice as much debt in his roughly 2.5 years in the White House, compared to former President Trump over the same period.
 

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Under President Biden's booming economic policies, more than a third of 401k holders have less than $10,000 left in their account.


Image
 

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Biden lies about everything and continues to gaslight Americans. Why wouldn’t he lie about the state of the economy

Everyone sees how expensive their groceries are and our fuel is still more than it was than when Pres Trump was in office
 

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Joe Biden’s America.

Employees in the United States and elsewhere increasingly feel cash-strapped as inflationary challenges and economic headwinds continue to impact workers’ wallets.
 

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University of Chicago professor Casey Mulligan recently compared regulatory records from the Obama Administration to now. Mulligan found that Biden has imposed the most costly regulations in recent history at a rate of $617 billion annually. Her research concluded that the average American household now pays $9,600 more under Biden.
 

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the INTEREST the US is paying annually on its debt is now the 2nd largest expenditure in the govt budget but at least Taylor Swift is selling out concerts

1689342668010.png
 

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Karine Jean-Pierre: "Everything that you are seeing with our economy being stronger, wages going up ... is because of Bidenomics!"

Prices are up 16.6% and real wages are down 3% since Biden took office
 

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Karine Jean-Pierre: "Everything that you are seeing with our economy being stronger, wages going up ... is because of Bidenomics!"

Prices are up 16.6% and real wages are down 3% since Biden took office
Like Biden, she is a lying Kunt. Hang both the bitches
 

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