While everyday Americans are still struggling to live in this broken economy, Joe Biden is mocking us for not liking it.
Biden says that we shouldn't be complaining about it because he gave us all that money through stimulus.
Umm...hello?? That's why we're in this mess to begin with! The endless printing of money is what causes inflation.
“I look at it, and I take it very seriously, the confidence level of the American people on the economy, and they’re so down and they’re looking,” Biden said at an afternoon summit with the CEOs of Bank of America, Marriott and other large companies after the Bureau of Labor Statistics found that US GDP shrank over consecutive quarters this year. “There’s reason to be down, but I started thinking about it.
“You know, the first year we were able to, with the Rescue Plan, we were able to send them a check for eight grand,” the president continued, referring to the $1.9 trillion American Rescue Plan Act that Democrats passed last year without Republican support.
“If you’re making 120 grand and you get a check for 8 grand, that’s a lot of money. and so it helped save a lot of people, in terms of getting thrown out of their homes and rental housing and a whole range of things,” Biden went on.
Here's something I'm curious about. I wonder if the labor numbers are false to begin with. Because while they can try and deny that we're in a recession right now, they couldn't deny it if there was a lot of unemployment as well.
The reason I say this is because when you look at the statistics over the last few decades, buying conditions for household durables has positively correlated with unemployment. In other words, when unemployment increases, buying conditions increase. That is until the Biden regime came along. Something isn't right here.
Something very bizarre is going on pic.twitter.com/KSjbpWFONL
— zerohedge (@zerohedge) July 29, 2022