What’s Happening:
One of the worst things Biden has done is show shocking indifference to Americans’ suffering. He smugly claimed the economy was “strong as hell” as he ate his ice cream. His cruelty and lack of concern is staggering. His administration claims inflation is gone because it dropped from 9% to 7%. But that’s still 7% inflation, the worst we’ve seen in years
Prices are out of control, even for basic necessities. And despite the administration’s claims, the signs of recession and economic collapse are everywhere. In fact, Joe has done the unthinkable: give us a stock market as bad as the 2008 downturn.
From CNBC:
Stocks fell on Friday as investors made their final trades in the worst year for the market since 2008.
The Dow Jones Industrial Average slipped 220 points, or 0.7%. The S&P 500 shed 0.8%, while the Nasdaq Composite dropped 0.9%…
All three of the major averages are marching toward their worst year since 2008, slated to snap a three-year win streak.
Thanks to Joe Biden, the stock market ended a three-year winning streak to have its worst year since 2008. We should remind you, 2008 was the start of the Great Recession, when the stock market fell, destroying millions of Americans’ financial security.
The markets were doing great… when Joe Biden wasn’t in office. But two years of reckless spending and ignoring inflation has finally caught up with the market. Don’t believe Biden’s “Inflation Reduction Act” will do anything. Even Democrats admitted that the bill has nothing to do with inflation.
Experts predict the markets will only get worse in 2023, especially after Biden and Congress gave themselves a $1.7 trillion raise in the latest spending bill. Things are so bad, people can’t even afford eggs.
From Not the Bee:
Think about that. Just over two years ago, you were paying less than 10 cents for an egg. You could make yourself a large breakfast omelet with five eggs for half a dollar.
Now you’re paying $2-$3 for the same thing.
When basics like bread, milk, and eggs are too expensive for the average family, it’s a sign that the economy is in free fall. But, hey, at least Ukraine has billions of dollars in weapons, right?
Key Takeaways:
- Thanks to Biden, the stock market had its worst year since the 2008 recession.
- Biden has ignored inflation and signs of a recession for two years.
- The prices of basic necessities soar as inflation continues to rage.
Source: CNBC, Not the Bee
Share Your Thoughts