Nothing good about Biden’s mismanagement of immigration with our border with Mexican and their incredibly naive attempt to embrace Iran again.
Plus this initiative to do something about our crumbling infrastructure, which is long overdue, has all kinds of pork and liberal nonsense packed in with it — an incredibly expensive bill at a time when the government is already loaded with massive debt. At some point, this kind of extraordinary government debt will actually mean something and come back and bite is in the you-know-where.
But this is the kind of “governing” you get from Democrats. The lunatics are now in charge.
Some fresh air, for a change…
Why Biden and the Democrats are not supporters of the American working class…and Trump is.
Immigration and the American Working Class
Dems in charge destroy jobs and undermine the economy with their actions, and then call it a success. Nixing the Canadian pipeline costs 70k jobs. Raising the minimum wage to $15 per hour nation-wide means that many employers will simply cut the requisite number of jobs in order to protect their profit margins, particularly in states with a lower cost of living. In other words, more jobs destroyed because of unintended consequences. The Dems don’t care; they call this success.
We have lunatics in charge who do not consider the ramifications of their ideological actions. Hard times are coming…hard times for sure.
Expect More Crime with Biden
Is Taiwan going to be the next world-wide black-swan event? China may consider Biden a weakling and act militarily against Taiwan. They may consider Biden’s election their opportunity to take back this troublesome island. It could be over in just a matter of days, should they act. But it would send shock waves around the world, and send all the stock markets into freefall. A successful invasion of the island by China might, in turn, prompt North Korea to act against South Korea. None of this would ever occur under Trump.
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 Dumb Stimulus Plan
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?
That Biden doesn’t see anything wrong in his son having enriched himself with foreign governments through influence peddling speaks volumes about our next president’s values.
No question, the “swamp” is about to take back the government. Here comes corruption and double talk. They enrich themselves while trying to make you think they act to promote the public interest.
Funny thing how our politicians in Washington are all multi-millionaires while always pushing the “fight for the little guy” narrative. Yeah, right. Many of them come by their wealth after arriving in DC. So I guess Joe’s attitude toward easy money isn’t that uncommon. Nothin’ wrong with it, right?
Such a Fraud