Had to see how the Democratic Party can lay claim to looking out for the American worker when you take into consideration its open border policy for illegal aliens.
The swamp takes back Washington. Discouraging.
What can one expect? Much higher taxes on the wealthy but also the middle class…and corporations. Many looney-climate change initiatives that damage the economy because they undermine the use of fossil fuels, which underpin all economic activity. Actions that benefit China and undermine the US, particularly economically. More Russia hysteria as the bogeyman. Stupid and naive deals with Iran and a cold shoulder to Israel. Much money for various countries around the world, while the US deficit explodes. Open borders and mass immigration from Latin America. Political mismanagement and lawlessness and the growth of real poverty in American cities. Repression toward all political conservatives, particularly those who aligned themselves with Trump.
In short, the real decline of the United States, as a strong and economically powerful country, into a country that is economically weak and politically teetering on civil war.
There will be a 3-month grace period for the new administration, and then the wheels start to come off when all the stimulus money and free money don’t produce any turnaround in the economy and the dismal employment picture.
As things get worse and worse, the radical left-wingers will blame it all on conservatives as Nazis.
I’m bearish on the economy because I think this coming Democratic administration is guided by ideology and much of what they believe undermines business development and kills off jobs, so we will get what we got from Obama — a federal government that’s neutral to hostile to business with policies that unintentionally limit or even reduce jobs growth. Exactly what a stalled economy doesn’t need. At some point, this will show up as a sharp decline in the stock market, perhaps even a prolonged recession.
It may well be a good idea to start to invest elsewhere than in the US, as the US, so deeply divided politically and so disrupted economically, may well be a country in serious long-term decline. And add to that that asset prices like the stock market and the housing sector are seriously overvalued.
Biden’s stimulus plan that raises the minimum wage, of course, undermines jobs by making employers pay more for their least expensive employees, so naturally what these employers will do is cut some of those jobs to protect their profit margins — this is especially true in states with a lower cost of living, as in many of the states in the South. This at a time when it is crucial to stimulate job growth. What’s the word for that. “Dumb” comes to mind.
The bulk of the program is this big giveaway to state government with deplorable finances — think New York and California. In other words, it rewards bad financial behavior by state governments with the most spendthrift mindsets. Another dumb.
Finally, it gives a huge amount of money to colleges and public schools, i.e., financing an education system that is already way overdeveloped to begin with. Another dumb.
And again we have this practice of giving money to people, which is part of the program which actually does address the immediate problem, but I ask you, is it smart for the federal government to be giving money to everyone — is that a smart practice in the long run? I think not.
Put another way, is it wise for the federal government, which is already so deeply in debt, to take on such an unprecedented amount of new debt? That’s what the big giveaway comes down to — an enormous expansion of federal government debt, which is already well beyond anyone’s real understanding before this stimulus plan is even put into effect. It mortgages our children’s future and their children’s future…and their children’s future.
What would make sense here is a massive infrastructure program by the federal government. What should have been done way back in the 2008 crisis but wasn’t. Are we about to repeat history?
All those who are so gleeful over a Biden presidency should get ready for a significant tax hike — and not just for the super rich like they told you. How do you like Dem apples now?
Biden wants to “forgive” student loans. But is that a good precedent — to establish that when you borrow money, you ultimately won’t have to pay it back? And what would this forgiveness cost the federal government, which is already swimming in its own debt? But that’s what Democratic government does — provide reckless giveaway government to curry favor with the electorate despite the consequences. Strong leadership here from Biden? I think not.
Biden, just another old-time and corrupt politician with a slick smile and empty words that merely sound good, like unity and honesty. And outdated ideas that don’t address current realities. A loser. Certainly not a real leader. The worst Democratic candidate since Carter.
Trump decided way back in January to close our borders to all Chinese. It was an unpopular decision bound to get him a lot of flak, particularly from the Dems who could label the decisions with all kinds of xenophobic labels. Biden was one of those who disagreed with this unprecedented decision.
But that’s what a real leader does. If he or she thinks they are right, they make the decision and go ahead with it despite its unpopularity — because it was the right thing to do. They don’t back down because popular opinion doesn’t happen to agree with them. Instead, they make the decision and go ahead with it and are willing to take the heat. That’s what a real leader does. That’s what Trump did, and the result? Perhaps a million American lives saved because of this — according to Biden — “mistake.”
But I have to laugh at them — now the Dems are trying to blame Trump for the deaths in the pandemic. The Dems would have kept our borders open.
Biden is the worst Democratic candidate since Carter.