A recent poll shows 34% of Americans approve of our economic “leadership.” This assessment coincides with the President’s ‘Bidenomics’ plan. The talking points claim to be a vision of prosperity. It actually is a drug-induced nightmare that would have you believe fair taxes on the rich will always fund dependable government investment in the economy; writ large, Nirvana. And we all know Nirvana ended Kurt Cobain.
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Do you believe your economic situation has worsened under the leftists in office today? Biden has placed the highest financial burden on Americans going back to the last financial meltdown. Government regulation is a significant added cost attached to every transaction in the economy.
The added costs from Biden era rules, including both their current and future costs, amount to almost $10,000 per household this term. Allowing this insanity to continue means Biden’s rulemaking, assuming a second term, almost reaches $60,000 per household.
Failing economies and consumer pain are hallmarks of Democrat leadership. Under Obama, household costs rose by $4,000 annually. Biden continues to look for ways to increase that pain through limitless regulations from myriad federal agencies.
We are facing regulations imposed on the automobile industry, particularly concerning fuel economy and emission standards. They threaten national mobility. The loss of the ability to get to work will stop the economy. They are requiring EVs with no way to produce them, insufficient electricity to power them, and no grid to deliver the electricity even if we had enough… which we do not.
Then there are gas prices. Biden dumped the SPR on the international market to mitigate prices last time they rose. What are we going to do this time? Meanwhile, OPEC is cutting production to drive up prices. And still, in certain regions, consumers continue to face gas prices approaching $5.00/gal.
Regulations implemented in the areas of health, labor, telecommunications, and consumer finance are costing you. Can you name any benefits? These regulations account for about two-thirds of the overall rise in costs experienced by Americans.
And don’t forget, a portion of our financial strain is from inflation. Inflation only affects food, rent, and transportation… Biden is claiming “victory” over the economy. What do you think? Is Biden the winner? What did he win for you?
Biden does excel at one thing: Hurting Americans financially.
