Joe Biden Explains the NEW Culprit Stopping his Economy

It must be difficult for Democrats to look at Joe Biden daily, and witness his brain-damage so clearly.

Then, have to go into full “protect” mode for their clown of presidential proportions.

Watch as Biden misreads the teleprompter…again.

“The number one threat is the strength, and that strength that we’ve built is inflation.”

Where do we even start with a comment like that? First, who wants to build inflation? If you notice, leftists tried to unpack April’s economic reports as something positive, because the rate of inflation slowed a tiny bit. It’s still rampant inflation.

Fortune reported today:

The Federal Reserve, the institution caught between a rock and a hard place, got even more bad news on Wednesday: Inflation remains an issue. Although the consumer price index saw a deceleration in April, consumer prices are still increasing at an 8.3% annual rate.

The Fed famously has a dual mandate to promote price stability and maximum employment, and the central bank has been forced to raise interest rates in hopes of bringing down what has proved to be persistent inflation.

The problem is that stocks are throwing a fit. The S&P 500 is now down nearly 18% year to date, and the tech-heavy Nasdaq is faring even worse, plummeting over 28% this year.

There are also growing signs that the housing market is beginning to feel the sting of soaring mortgage rates. And expectations for economic growth are falling too. The Conference Board now predicts the U.S. economy will grow by just 2.3% this year, less than half of what was seen in 2021.

Investment banksformer Fed officialsbillionaire investors, and even your neighbor are all predicting economic doom ahead.

Yet, Biden finds it a show of strength to create inflation. If I only had a nickel for every gaffe Biden bestows upon us. I’d be richer than Donald Trump.

Seriously, if Trump made a fraction of bonehead comments of Joe Biden, he would have been run out of office!

As for this latest comment, Biden is too stupid to self-correct. I dare you to dissect this comment and come up with anything that makes sense.

For example, the number one threat is strength? And if strength is the threat, then strength is the reason for inflation?

Yet again, we get a “number one threat” from the Democrats. Does anybody bother keeping track anymore of the “biggest existential threats to mankind”? The list grows every time a Democrats finds himself or herself backed into a corner.

Remember when the biggest threat was global climate change. But when Joe Biden needs oil, to hell with mankind: open the Strategic Petroleum Reserves, so Democrats don’t lose in the midterms.

There goes that “biggest existential threat”, like a fart in a hurricane.

Copy */
Back to top button