Biden’s poor economy is not Putin’s fault, it is the fault of Biden and the Progressives’ radical, socialist, fascist policies: their modern monetary theory, welfare state expansion, excessive government spending, war on fossil fuels, massive regulations, business tax, and money printing. It is caused by the Progressive’s war on free market capitalism and their attempt to turn our market economy into a state-run economy. The Progressive’s war on the five pillars of macroeconomics, i.e., broad based low-rate flat tax, spending restraints, sound money, minimal regulations, and free trade, is sending our whole economy into turmoil.
Lyin’ Biden claimed that he inherited a bad economy when in fact, thanks to Trump, our GDP increased by 4.5% in Q4 2020 and by 6.3% in Q1 2021. The economy was already in a post pandemic recovery making the March 2021 $1.9T stimulus unnecessary. Under Trump our economy was growing over 4% with inflation at 1.4%, proving his policies of low taxes and deregulation worked. And then came Joe. In his first year in office, Biden imposed 69 regulations, more than any other president in history. In comparison, Obama imposed 52 and Trump 22. In 2021 alone, the Biden administration levied $201B in regulatory costs, three times more than Obama and 40 times more than Trump in his first year. Regulations now cost the American people over $2T annually, or 1% of annual GDP. Hilariously, the fascist media call Trump the dictator. Anybody have a mirror?
Lyin’ Biden claimed that Trump’s tax cuts caused deficit spending and income inequality. But according to the IRS tax treasury data, thanks to Trump’s tax cuts, the U.S. treasury brought in a record $2.1 trillion in federal tax revenue in 2021. In the second quarter, tax revenues came in at 20% of GDP, again breaking all-time tax revenue records while income inequality shrunk to an all-time low. Trump’s tax cuts are responsible for the only good economic news we have today. Despite record benefits to America and its citizens, Schumer, New York’s freak senator, wants to steal and spend more of your money and is gutting the last remnants of Trump’s tax cuts. The projecting Progressives plan to raise your taxes another $739B and have resorted to their age-old lie of claiming it’s the Republicans who want to raise taxes and cut Social Security and Medicare. Where is the Ministry of Truth when you need it?
Lyin’ Biden claimed that he created job growth, but he hasn’t created any new jobs. His Job growth boast is also full of shit. Twenty-two million people returning to work after the progressives unlawfully locked down our economy is not job creation. There are an historic 11.5 million unfilled jobs and 5.6 million more jobs than workers, or two job openings for every unemployed worker. During Trump’s pre-pandemic boom, in February 2020, there were 64 million people in the workforce. On May 6, 2022, another 428,000 people returned to work and Biden’s civilian labor force is still 1.2 million below Trump’s pre-pandemic peak. If Trump’s 2017-2019 job creation trend was still in place today, the labor force would have 6 million more workers than it currently has. Biden’s has not created jobs; pre-pandemic jobs, created by Trump and subsequently shutdown by Progressives, have simply been refilled.
Trump’s economic growth would have been even faster with his inflation rate at 1.4% except, in 2018, Powell did the fascist machine’s bidding by needlessly raising interest rates four times to intentionally slow growth and dampen Trump’s economic success. Conversely, Powell propped up the Bidden economy by refusing to raise interest rates until inflation was out of control at 8.6%. In 2022, even though the economy was already in post-pandemic recovery, Powell and the Fed printed $2 trillion to support Biden and his Progressives’ spending bills resulting in massive inflation. The Federal Reserve has gone political and has joined the fascist, progressive regime.