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IPFS News Link • Economy - Economics USA

Yes, The U.S. Economy Continues To Move In The Wrong Direction…

• http://theeconomiccollapseblog.com, by Michael

Thanks to the Federal Reserve, interest rates are now much higher and the money supply has been contracting at the fastest pace since the Great Depression.  As a result, large companies have been conducting mass layoffs, the housing bubble is imploding, and economic activity is rapidly slowing down all over the nation.  But if you ask Joe Biden and his minions, what we are witnessing is all part of the plan.  In fact, they continue to speak of "Bidenomics" as if it is a good thing…

Monday's announcement is part of Biden's greater push for his economic plan dubbed 'Bidenomics,' which 'is rooted in the simple idea that we need to grow the economy from the middle out and the bottom up – not the top down,' Dunn and Donilon wrote.

The president's economic proposal includes plans to hike taxes on the uber-wealthy and corporations in order to subsidize social, climate and health programs.

Give me a break.

I'm not buying what they are selling, and most other Americans aren't either.  According to one recent survey, well over half of all Americans disapprove of how Biden has been handling the economy…

More than half – 54% – of Americans disapprove of how Biden is handing his job, while just 35% of respondents approved of his stewardship of the economy, according to a Reuters/Ipsos poll conducted earlier this month.


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