The polls are in, and the two issues Americans are most concerned about right now are the economy and lawless immigration. And the gaslighting on these two issues from the Biden administration is insulting and manipulative. The administration and their friends in the mainstream media say “the economy is fine! What’s everyone complaining about?!” or “We’ve got the border under control! Trump’s treatment of migrants was far worse!” But you know the truth in your bones. Continued below the video
We all do because we’re feeling and seeing the pain of both issues at home and in our cities. But if there’s a part of you that starts to believe these lies, it’s because you’re being gaslit. Glenn explains the origins of that word and shows scenes from the 1944 film “Gaslight,” whose plot reveals a husband’s attempts to make his wife think she’s going crazy. Fast-forward to 2023: Biden is OUR manipulative husband. We are being lied to about the state of the economy. We are being lied to about what is really happening at the border. Glenn reveals the REAL numbers, and some of them are downright terrifying …
The Growing Inflation Crisis: Is Bidenomics to Blame?
Inflation has surged to alarming levels, and many attribute it to the economic policies of the Biden administration, marking a consensus across the political spectrum that Bidenomics is falling short. With higher inflation, mounting debt, and a lack of financial security, Americans are increasingly concerned about the nation’s economic trajectory.
The top economic worry for Americans today is undoubtedly inflation, and President Biden bears the brunt of the blame. Despite this pressing concern, the administration’s response has been to rebrand its massive public works bill as the “Inflation Reduction Act,” even though its immediate impact could potentially exacerbate inflation. Continued below the Goldco Ad
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While the Federal Reserve’s interest rate hikes have somewhat tempered inflation, they come at a significant cost. These higher rates have driven up the cost of financing purchases such as cars and homes, affecting average Americans. Additionally, the government’s borrowing costs have skyrocketed, with interest payments on the national debt nearly doubling over the past three years. This debt burden not only compounds the nation’s financial challenges but also propels it further toward a potentially crippling debt spiral.
Jamie Dimon, the CEO of JPMorgan Chase, has raised concerns about the ongoing battle against inflation. He pointed out that governments worldwide are grappling with record deficits and soaring debt levels, driven in part by investments in green technologies and energy needs. Dimon also cited the restructuring of global trade relations and the remilitarization of nations as factors contributing to inflationary pressures. His warning included the possibility of rising interest rates, both short-term and 10-year rates, which could potentially trigger a recession.
Dimon expressed skepticism about the sustainability of the current economic strength, particularly in light of robust consumer spending. While corporate profits have surged due to increased consumer spending fueled by government stimulus, Dimon emphasized that this situation may not be sustainable. When consumers eventually reduce their spending, corporate profits could decline accordingly.
As of October 2023, the annual inflation rate in the United States stood at 3.2%, slightly down from the previous month’s 3.7%, according to data from the U.S. Labor Department. The upcoming inflation update scheduled for release in December will provide crucial insights into the inflation rate for the 12 months ending in November 2023.
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To Sum It All Up: rising inflation is a significant concern for Americans, and the Biden administration faces criticism for its handling of the issue. Despite rebranding efforts, the administration’s policies have not effectively addressed inflation, leading to mounting economic challenges. The warnings from industry leaders like Jamie Dimon underscore the need for a comprehensive approach to tackle inflation and ensure the long-term stability of the U.S. economy.
Al Santana, freelance writer for Whatfinger News
What a despicable liar Biden is!
Inflation is not zero percent – even by your own administration’s flawed CPI calculus, it’s +3.2%.
Grocery prices are up a staggering 25% since Biden took office.
— Steve Cortes (@CortesSteve) December 2, 2023
Joe Biden implements CHINA FIRST policies pic.twitter.com/8U2oD39MaH
— Marjorie Taylor Greene Press Release (Parody) (@MTGrepp) December 2, 2023
- The spending by this administration is out of control. This has a direct effect on the inflation we are all experiencing as well as the rise in interest rates. Americans are having difficulty with monthly expenses! Somehow, our elected officials become more and more wealthy? – Mark UltraMAGA
- here is the most useful inflation gage. 2023 had 3.2% inflation. full stop. Social Security COLA – George Robertson
- You’ve created more jobs for China than you ever will for the United States. Your entire Residency has been one big failure and the Inflation Expansion Act is a major part of that failure. America deserves a true all-of-the-above energy and gas prices strategy. Not massive subsidies for one industry at that expense of the other while you are also attacking it. You should focus on your response to the American people for collecting 10% of laundered money, Big Guy. – Lauren Boebert
- Inflation adjusted #GOLD price is ready for break out from a 43 year old downtrend! I can’t tell you how bullish the #GOLD market is for 2024, it’s incredible! – Deutsch