Bidenomics Is A Disaster

Biden and his team are out here championing Bidenomics as some sort of great savior of America but everyone knows, they're in worse shape now than they were just a few short years ago.

Episode Transcript

(00:00):
Welcome to the show everyone. Myname is Paul. I'm the host of
Woke NewsReport podcast Woke NewsReport dot comand also the founder or creator, if
you want to say, of Wokeboard Game, which you can find more
information about at woke boardgame dot com. Tonight, we're gonna be talking about
biden Omics. Bidennomics, that isthe disaster that the economy is in right

(00:26):
now, because we have the shellof a human being in office right now
now. As you know and havebeen told over and over, eighty one
million Americans voted for this, andso the rest of us just have to

(00:47):
stick around and write it out,kind of like all the communist countries in
the world who just write out apresidency because our president lasts for four years
and in some cases, like aBiden. Thank god that that is actually
the case, because we would notwant a Biden in the White House for

(01:10):
more than even a year, really, because it's an absolute disaster. Now.
The other day I went to getsome gas here in Florida where I
live. It turns out that gasis now four dollars in twenty three cents.
I think it was four twenty threejust a week and a half ago.

(01:34):
Or two weeks ago. The lasttime I got some gas for the
truck it was three dollars in sixtycents or something. So just in the
last week or so, somehow magically, I'm thinking the spr what do they
call that, the reserve that they'vebeen draining that is meant to protect America

(01:57):
just in case we actually you haveto go to war and need some fuel
at some point has been drained tothe point where now gas is four dollars
and twenty three cents. But atthe same time, I recall years ago,
back when President Obama came into office, that the idea was a five

(02:20):
to seven dollars a gallon gasoline.Why well, climate change. Obviously,
they have to kill people, andI have mentioned that there are multiple ways
of killing someone. You don't haveto be physically dead in order to be
killed in some circumstances, and financiallyis one of those circumstances. And that's

(02:46):
what we're gonna be talking about tonight. I saw a commentary that I thought
was pretty good. It is fromthe Western Journal, and the person says,
Biden's America. Here's how much bidenOmics has cut your paycheck. This

(03:07):
is not the end of the video. This is the beginning, because I'm
going to give you stats here ina little bit after I read through some
of this. President Joe Biden isattempting to rev up his base by claiming
his quote unquote Bidenomics policy somehow fixedthe economy. Obviously they did not,

(03:30):
but few everyday Americans are seeing thebenefits he keeps talking about. Indeed,
paychecks have taken a serious hit inthe Biden error. Of course, you
can look at any president practically thatwith a D behind his name, Obama
being one in particular. And Isaid Biden was going to be Jimmy Carter

(03:54):
two point zero but kind of onsteroids. And that's about where we are
now. I mean, Jimmy Carterwas the worst president. He might have
been a great man ostensibly. Idon't know. How can you be supporting
abortion, going to church at theBaptist as a deacon, and still a
Democrat wanting to kill people. Idon't know. I don't even understand.

(04:17):
And I'm talking not talking about likewar people. I'm talking about like innocent
little babies. At some point itdoesn't comport. But he built a lot
of houses for a lot of people, that he kept alive in the sense
that they were still living when hewas building them houses. Anyway, Biden

(04:39):
is Jimmy Carter, Jimmy Carter O'barackObama. You can kind of skip over
Clinton in a way. He hada lot of help. He had a
lot of help to have the economythat he had. There's no question about
it. Americans are faced seeing along list of things bleeding away their earning

(05:02):
power. The cost of gasoline,which I just spoke about. Food,
Yeah, I mean eggs just evena few years ago were like eighty two
cents. Walmart was practically given awayeggs. Now three dollars forty five four
dollars, four dollars fifteen cents fora carton of eggs. It used to
be eighty two cents. You literallygo to Walmart and they would be like,

(05:25):
please take these eggs. Not evenmore rent and mortgages now. Ted
Cruise I called him Tom Cruise.I told I called Ted Cruise Tom Cruise
on the last show, and Ididn't mean to do it, but you
know, I've been watching a lotof Tom Cruise movies. So but Ted
put a meme on Facebook and itwas under just a few years ago,

(05:51):
the interest rate and the payment waslike two grand, and now the interest
rate and the payment is like threeand a half grand. I like,
In other words, mortgages have soared, housing has slowed down. People are
no longer selling or buying or doinganything in real estate because the interest rate

(06:13):
is just so high now. Itkind of happens when you just give away
money for a long time to verywealthy people who already have the money that
you're giving it away too. Isstarted in around two thousand and eight.
It continued and continue to continue,and it never stopped. The only thing
that saved that for a few years, and I'm talking about the Trump years,
was the fact that the economy ranpretty much red hot up until the

(06:39):
time COVID hit, meaning that theGDP had grown in the sense that you
can grow out of whatever debt thatyou are in if the GDP is hot
enough. And Larry Cudlow, tohis credit, he understood it. He
knew it. And that's what happenedat a great economy up until the COVID

(07:00):
time and all the lies and everythingelse of COVID. And you know that
you know all of this, You'vebeen studying this too, Like, I'm
just talking about it and telling youwhat you probably already think. Rent,
mortgages, utilities, and nearly everythingelse has soared under this administration. Biden
has made all Americans poor, buthis horrible Bionomics economy is hitting the poor

(07:25):
and middle class very hard. Youcan kill people in other ways than physically
dead. Overall, the cost ofliving has risen sixteen percent from inflation since
Biden took office. There's that JimmyCarter number, right. Jimmy Carter's inflation

(07:46):
numbers were basically double digits. Right. You had long gas lines. Everybody
was on food stamps. My familyincluded. I'm not knocking anybody that is.
My dad was a DuPont person,My uncle was a DuPont person.
My mother uncle was a DuPont person. My grandfather worked at DuPont. DuPont,

(08:11):
the company. DuPont pretty much ownedeverything that my entire family ever owned
from the time I was born untillabout the mid eighties or so. But
I was born and raised during theCarter years. So like, my first
political thoughts were Carter. I knewabout Iran, I knew how Nightline started

(08:37):
the TV show. It wasn't aTV show like We Know Him Today,
like sixty minutes or whatever. Nightlinewas a daily countdown to how long the
Iranians were going to keep American hostageswith Jimmy Carter not doing anything about it.
It was also how long inflation wasgoing to be through the roof no

(08:58):
gas in America, Gus completely cutoff the whole nine yards. Biden here
has sixteen percent inflation. This personnoted Thursday in an article Americans have lost
sixteen percent of their spending power.The numbers are even more egregious when you

(09:20):
break them down by categories on whichthe least privileged spend a disproportionate amount of
their incomes. The consumer price index, specifically for food, is up nineteen
percent since January twenty twenty one.It's a very good thing that John Kerry

(09:41):
is out here calling for killing farms, cutting off meat supplies, flying around
on a private jet, calling forall this stuff. It's a good idea
for him to be doing that whenprices for food are already up nineteen percent.
You could get eggs for eighty twocents a couple of years ago,

(10:03):
now nine million dollars. You got. You gotta win, Like the prices
right in order to in order toget like twelve dozen eggs. I mean,
like that is the prize on pricesright, How much do these eggs
cost? You could win them.Guess the right prize. If you guessed
eighty two cents, you're in trouble. If you guess nine million dollars,

(10:26):
you might have a chance at gettingsome eggs. Electricity prices are up twenty
three percent. Keep benning those gueststoves. They're a refrigerator, the electric
are the hot water heater. Thethings that they're doing are on purpose to

(10:48):
kill people whoa the top down systemput in place, buy people in power
in order to depopulate. You candepopulate people in many ways killing people.
Used car prices are a staggering thirtypercent and car repairs cost twenty three percent
more than two years ago. Andbelieve me, I just spent nine hundred

(11:13):
dollars on fixing my truck, whichis nicknamed Unit Unit number four. Nine
hundred dollars for basically a break joband a couple of rotors. That's insane,
but it is what it is.The economic situation is so bad that
last week Fitch Ratings downgraded the country'scredit rating from AA plus down from AAA

(11:39):
triple A, an announcement that sharkTanking Kevin R. Leary dank Shark Tank
Star, Sorry, Kevin R.Leary said, was a bad thing for
the US. I want to say, no, Sherlock, there's no way
to short ACA sugar code this atall. It's bad, and I tell

(12:01):
you how to measure it. It'sbad. Basically, when you downgrade the
US economy, which is what thisdowngrading is, you are losing a little
faith in the US dollar and theUS Treasury bill. Well, I'm going
to stop this article right here andgo over to this other one that I

(12:24):
found, which is basically, whatwould a dollar be in today's amount?
A dollar in nineteen fifty would bea dollar, what would it be in
two and twenty three? Brace yourself, because a dollar in nineteen fifty is
now twelve dollars in sixty six centstoday. That is the reverse. If

(12:50):
you read that headline, you think, wow, you have one dollar,
it's worth twelve dollars in sixty sixcents. No, it's minus twelve dollars
and sixty six cents. So theheadline is a little misstated. But let's

(13:11):
go for it. The value ofone dollar from nineteen fifty to twenty twenty
three. A dollar in nineteen fiftyis equivalent in purchasing power to about twelve
dollars and sixty six cents today.See that's what I mean. The headline
here, a dollar in nineteen fiftyis worth twelve sixty six today. That
doesn't give you a clear picture ofreally what that is trying to say.

(13:37):
It's eleven sixty six. Yeah,you're following, you get it. It's
minus eleven sixty six. If youhad one dollar in nineteen fifty purchasing power
to about twelve sixty six to day, which means that for every dollar that

(14:00):
you spent in nineteen fifty, itwould cost you twelve dollars and sixty six
cents. Today you have lost elevendollars and sixty six cents, an increase
of eleven sixty six. Over seventythree years. The dollar had an average
inflation rate of three point five fourper year between nineteen fifty in to day,
producing a cumulilip price increase of onethousand, one hundred and sixty six

(14:28):
percent. I'm going to scroll throughsome of this stuff and by the way,
and this is I don't even knowwhat this is. You can google
it, you'll, you can,you'll find it after the show. You'll
you can google it and find it. There is a chart here that shows
a calculation of buying power equivalent inone dollar in nineteen fifty. For example,

(14:48):
if you started with one dollar,you would need to end with twelve
twelve dollars in sixty six cents inorder to adjust for inflation. You can
see the bower a dividing power ofone dollar over time from nineteen fifty.
This is nineteen fifties. Over here, that's a dollar. That's how much

(15:09):
you could buy. You get downinto twenty and twenty one, twenty three,
and you're left with about nothing.Actually, this thing says point eight
cents. You wonder why people hadit better in the nineteen fifty why your

(15:30):
parents and your grandparents lived a betterlife, actually owned a house, actually
had what they called a decent job. Now see, we listen to them
talking about I made a dollar fourteenand that was a great wage, and

(15:50):
we laugh because we think a dollarfourteen is nothing. It costs five dollars
for US five cents for US soda, you get five cents. You get
a soda pop out right, youthink, wow, five cents a dollar

(16:10):
back then is the equivalent of basicallytwelve dollars and sixty sixty six cents today,
right, So I mean, here'sthe chart and all of this,
and I have actually another chart thatI found that I thought was even more
reflective of this, And so herewe go. This is from nineteen fifty

(16:33):
one. For whatever reason, andyou can google this as well. The
yearly inflation in nineteen fifty one wasabout six percent. It was actually a
little bit over that, but therewas certain economic things that were going on.
Nineteen fifty was around the standard.Nineteen fifty one inflation really popped high.

(16:56):
Some things were going on that causedyearly inflation. But you still in
nineteen fifty one, and as thischart shows, this is this is not
what you gain. By the way, once again, when you look at
this, it looks like you're gainingmore as you go along. What this
chart is showing as you are losingas the years go by. A dollar

(17:22):
is no longer a dollar. Ratherthan doing the subtraction of what the dollar
is. For whatever reason, allof these websites that I've looked into and
looked at They add on as ifbut if you needed one dollar in nineteen

(17:44):
fifty one, that's how you needto look at it. You would need
a dollar six in nineteen fifty two, right nineteen seventy one. If you
needed a dollar in nineteen fifty youwould need a dollar fifty nine. Keep
going forward. By the time nineteenninety one comes around, if in nineteen

(18:07):
fifty one you needed one dollar tobuy something, you would need five dollars
in thirty five cents in order tobuy that something. Keep on going,
and guess what by the time weget to today, twenty twenty three,
you're one dollar in nineteen fifty onethat you needed to buy something anything,

(18:33):
You now need eleven dollars in eightyseven cents. Well, it is no
wonder that when we hear our grandparentstalk about I made eighty cents an hour
in nineteen forty eight, eighty centsan hour is the equivalent in twenty twenty

(18:56):
three to you know, ten dollarseleven dollars. So while they were living
large, growing wealth and doing things, ever since then, people are not
living large. And I'm just talkingabout the regular middle class, lower class
people that the politicians have done thistoo on purpose. It is on purpose.

(19:22):
They've done it for a reason.Growth is not the reason. The
betterment of society is not the reason. And the truth is this biden Omics
is the worst thing in the entireuniverse. There's been a direct result of
the Biden administration spending, borrowing,and printing too much money, said E.

(19:48):
J. And Tony, a researchfellow think fellow at Think Tanks.
Grower m heard out, I don'tknow who these people are. It's some
center there, Grower im Herman Center. God bless you man. You got
a center name after you. Asthe yield on US Treasury marches higher,

(20:08):
the cost to service the debt isexploding. The Treasury is spending an annualized
one trillion dollars according to the latestmonthly data from the Physical Service. This
interest expense adds to the deficit,which snowballs into a faster growing debt,

(20:30):
which means even more expensive financing costhigher in interestrates, etc. What happens
when all the little boys become littlegirls? And what happens when all the
little girls become little boys? Becauseof this lgbtqia dysphoria mental illness, that

(20:55):
has swept over the nation really takeseffect. Now. We're living through the
beginning stages of it right now.We're living through the literal beginning stages of
it right now. But in tentwenty thirty years, those little kids will
not be able to have kids followalong woke the top down system people in

(21:21):
power put in place in order todepopulate. Who's paying the extra annualized one
trillion dollars, which, by theway, in ten or twenty years,
once they do get to childbirthing age, who's paying for it? You already

(21:42):
have a rate of growth that goesfrom three percent. Actually it goes from
zero percent a point seven percent tothree percent. A few years later,
it goes up to eighteen percent.A few years later, it goes up
to twenty plus percent. Now identifyingLGBTQIA, who's paying for that? Is

(22:07):
there any question why Fitch the ratingservice downgraded America and the debt. No,
it's going to get downgraded even more. Why we have an older population
that is growing older? Eugenics killingpeople whatever they call that. It's not

(22:27):
necessarily eugenics, but it's um whateverit is. They they're not killing the
old people yet. They're trying.COVID did a pretty good job with it
with old people, didn't they Theydid, They did. They did a
damn good job with old people duringCOVID. They got a lot of them.
They're dropping like flies blue. Itdisappeared, but COVID the shot.

(22:55):
But those people are not going tobe paying for this. Lg bt QIA
people are not going to be payingfor this. People who die in wars
are not going to be paying forthis. People coming over the border with
finton All and giving it to otherpeople who then die from finnen All are
not going to be paying for this. Biden Omics. It's biden Omics.

(23:19):
It's a wonderful thing. It's awonderful thing. We're gonna save the planet
through higher gas prices or something.Stop feeding people from farms. Like John
Kerry says, you understand what's goingon here. I hope you do.
If you've enjoyed the commentary, enjoyedthe show, it's obviously going up on

(23:41):
Rumble, Subscribe, like, sharecomment. Did I get anything wrong?
Let me know. I may have, And if I can learn from you
all the better. You probably justthink exactly like I think, and I
say what you would say if youhad your own show. That's what I'm
thinking. Tell me if I'm rightor wrong. But it's going up on

(24:04):
Rumble, it's going up on bitchShoot as always. Eventually it will go
up on Twitter eventually. I appreciateyou tuning in. I'll see you next time.