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

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The US economy will grind to a halt in the 2nd half of 2023 and the following year won't be much better, BofA says as it slashes its growth forecast​

 

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Biden 6/22: "We're not in a recession right now. Right now we're in a transition where we are going to go into a place of stable and steady growth."

Also on 6/22: Goldman Sachs raises recession probability odds, cuts GDP outlook



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and housing market will be the next collapse....remember the Biden Administration only been in charge now for 15 months. Think of what it will look like in another 6 months, 12 months, 18 months.

Mortgage demand hits 22-year low​


Mortgage Demand Plunges To 22-Year Low​


Mortgage apps decline 6.5% to 22-year low​

 

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well done, Libs...

'The US is on an unsustainable fiscal path, meaning the debt is growing faster than the economy,' said Powell. 'By definition, that is unsustainable.'
 

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Biden said he's "never been more optimistic" for our country than he is now. He's been around a long time. Either he's making a bad joke or he's unaware that he's currently the President of a country where people can't afford groceries, gas and a mortgage on a full-time income.
 

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Bidenomics will go down in American history the same way Abenomics shattered what was an incredible Japanese economy.

Biden mistake could end America's solar industry​

President Biden has talked a lot about “Made in America” — and creating 10 million clean energy jobs. However, he’s just made a serious error for America’s solar manufacturing industry that poses grave consequences for the nation’s energy future, including a greater dependence on Chinese solar panels.

China accounts for roughly 70 percent of global solar panel production. Much of that stems from the massive subsidies Beijing provides to its state-owned manufacturers. China also “dumps” solar panels in the world market at below the cost of production — all to put U.S. solar companies out of business.

Beijing’s tactics have worked. Between 2010 and 2016, America’s solar industry almost disappeared under a flood of Chinese solar cells. It wasn’t until the Trump administration imposed tariffs on Chinese solar products in 2018 that America’s solar industry began to regain its footing.

Since then, U.S. solar companies have invested in new production and new workers. Last year, American-made solar cells accounted for 18 percent of new U.S. installations — an all-time high.

What Biden has done is signal that China can ship more solar panels to the U.S. by any means necessary. And he’s sabotaged the Commerce Department’s investigation into Chinese solar manufacturers illegally circumventing U.S. tariffs. Regardless of what the Commerce Department determines, no Chinese company can be punished since the president’s declaration gives them a free pass for the next 24 months.

Beijing Biden at it again....
 
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Nice shitty car in the background parked on the lawn. Trailer trash.
What a petty asshole you are the car is sitting down a hill in a driveway & looks like a decent house to me....You have to comment on everything & get the last word in on any conversation...You suck...
 

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Goldman released their preliminary June 2022 CAI (Current Activity Index) based on 56 major financial indicators. It was >+6.0 in November and they expect it to be NEGATIVE when the final numbers are tallied on Friday. And as we've all seen from the last 6 months the projected numbers are always rosier than the reported number

buckle up, the American economy is officially contracting thanks to Bidenomics

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Nice shitty car in the background parked on the lawn. Trailer trash.
you're just jealous that fella owns a car and doesn't rely on his SEPTA card to get around town like your ghetto ass
 

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ya gotta love some Krugs

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it's hard to keep the lies straight with the Retard-in-Chief but he pushed out a doozy today claiming the Inflation Rate is higher “in every major industrial country” compared to the United States.

Of the 20 largest economies in the world the US' inflation rate is 8th highest. For twats like Vit that don't comprehend numbers that means only 7 industrialized nations have higher rates of inflation, specifically Turkey-Argentina- Brazil-Spain-Russia-UK-Netherlands. While the USA is at 8.6% there are four nations not even experiencing 3% inflation including China, Japan, Saudi Arabia, and Switzerland

What an embarrassing fool this mumbling cunt is

 

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The worst 6-month period for the stock market since 1970

Bidenomics....just like Abenomics but with a bigger cliff

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