The Biden-Harris Economy Leaves Too Many Americans Falling Behind
By Sen. John Thune
America has always been a place where if you work hard, you can get ahead. But it’s gotten a lot more challenging in the Biden-Harris economy. Inflation has dealt working families a series of setbacks that have made it harder to get ahead. And it’s in large part due to this administration’s reckless spending.
Three and a half years ago Vice President Harris cast her first tie-breaking votes in the U.S. Senate to advance $1.9 trillion in spending under the guise of pandemic relief. She and Democrats in Congress had been warned that that level of spending risked setting off inflation unlike any we had seen in a generation. But they passed it anyway. And inflation began to take off almost immediately.
For many Americans, life in the Biden-Harris economy feels like a downgrade. All told, it costs a typical family $13,000 more per year just to maintain the same standard of living it enjoyed when President Biden took office, and nearly every aspect of daily life is more expensive in the Biden-Harris economy. More than one-third of Americans are worried about paying their bills. People are pulling back on their spending and putting more on their credit cards. Some people are even taking on extra work just to get by. But sometimes, it’s still not enough.
And it’s not just higher prices. Measures to tame inflation have also added to Americans’ financial pain. To fight inflation, the Federal Reserve has been forced to keep interest rates high, which affects Americans’ finances in a variety of ways. Higher interest rates, in part the result of the Fed’s actions, are making credit card bills harder to pay down. The same is true for car payments. And Americans looking to own their own home are facing what one housing expert called “the most challenging home buying market we’ve ever seen.”
The White House has spent a lot of time trying to spin this economy as strong. But the American people aren’t buying it. An economy where people are working harder and still struggling to get by isn’t what most Americans consider a strong economy. And it can’t be America’s future.
Inflation began accelerating as a result of Democrats’ reckless spending. Yet the Biden-Harris administration and congressional Democrats show no signs of backing off their reckless tax and spending agenda. In fact, it’s clear they envision a lot more of the same. The administration’s latest budget request is filled with burdensome new taxes and trillions in new spending. They want to see the Tax Cuts and Jobs Act expire, which would mean more tax increases on American families and businesses. And Democrats still have plenty of other tax and spending ideas they would like to implement.
The American people have suffered enough. I don’t want to think about what kind of economic pain we could see from another four years of Democrats’ reckless spending. And I hope the American people will not have to experience it.
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A stalemate Congress is as much to fault as the adminstation.
Since 2001 (and before), we’ve been pushed onto the Weimar track.
I believe my family and I were one of the early experiments to test the slide.
NLP/Psych was used to create a straw man and turn our family against us, and early versions of social credit score were used to prevent my employment while H1B programs were used to import cheap, insensible labor to build out the full blown system that I never would/could have built as a law abiding citizen.
Now, despite my best efforts to seek and expand what’s left of the free market for IT, Im’ watching the mature version of the system deployed against others. It’s tough to have sympathy sometimes after what we’ve been through, but I don’t want this. i never wanted this, but people don’t listen most of the time.
Once enough of the people have been abused like I have, the anger will reach a point where we’ll call for our time’s Adolf to prosecute a massive global conflict to create the fog of war so the people managing this don’t face the consequences of driving the country (and the world) into the ground.
When this financial bubble pops, the people who created it want to be long gone.
Hold the line people, and remember the only hope to stop this now is enforcement of the First Amendment to prevent the need for the 2nd.
That is all.
Does someone on this site actually know this man irl? If so, can you at least TRY to get him some help?
What are you actually trying to say with this post?
Want to help me?
Contract with American engineers to rebuilt our communications, supply chain, civic, and other IT systems.
You are mentally ill and think people are out to get you, John. You’re paranoid and it is textbook.
Cannabis Induced Psychosis.
Do you remember being held captive at Area 51 or some other secret government facility where human brain experiments were conducted?
Have you shared this with your buddy Toby so he can post on the latest mind bending conspiracy?
Sociopaths lack the capacity to have empathy for others.
Empathy is holding you accountable and letting you know you aren’t well. Contributing to your delusions would make us bad, not good, people.
Meanwhile TARP and the PPP were what exactly?
Statistically, the Democrats have done better economically than the past republican presidents and Congress. How long until we realize it is not rain we feel on our leg?
Big statistical revision today 8/21/2024…Jobs created were greatly reduced by 26% from what the BLS had claimed…
And even with reduction, Biden still created more jobs. That’s just how horrible it was under Trump. A bunch of false hope that came crashing down and once again, a Democrat brings us out of the whole by investing in the workers, not the wealthy.
….because he is?