bidenomics!

Bidenomics Failing Farmers As Expected Incomes Crash The Most Since 2006 (Food Prices UP 21% Under Biden’s Reign Of Error)

by confoundedinterest17 This reminds me of “The Human Farm” episode of Parks and Recreation. A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes. USDA forecasts …

READ MORE

Bidenomics is working…

Some Americans have become saddled with credit card debt as rent and everyday prices remain high. “Americans held more than $1.05 trillion on their credit cards in the third quarter of 2023, a record, and a figure certain to grow once the fourth-quarter data is released by Federal Deposit Insurance Corp. next month. A recent report …

READ MORE

Baby, It’s Cold Outside! Electricity Prices UP 24.25% Under Bidenomics (NASDAQ To Commodity Ratio Near Dot.com Bubble High)

by confoundedinterest17 Baby, it’s cold outside! Of course, government still wants to ban natural gas and coal. The average price of electricity has risen a whopping 24.25% under Biden and Bidenomics. Brrr!! No wonder Biden only wants to talk about unlimited abortion and NOT the immigration (Fentanyl, child trafficing, crime, etc) fiasco at the border and …

READ MORE

Bidenomics Coverup — Latest Inflation Report Hides Something Big

From Peter Reagan at Birch Gold Group After 3 years of relentless (sometimes historic) inflation, it’s about time some good news made its way through the economic carnage. Some categories of goods have finally moved into deflationary pricing. That is, a handful of items are starting actually decline in price. Better late than never, even though all consumer price inflation isn’t deflationary just yet. Finally, a few …

READ MORE

Bidenomics Housing Market: Average US Household Can Afford Only Cheapest 16% Of Listed Homes (WORST Housing Affordability In History!)

by confoundedinterest17 Bidenomics has cast a gloom over the housing market. Mortgage rates up 130% under Biden while housing prices have soared. For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up. According to Redfin data analyzed by Creditnews Research, the average U.S. household …

READ MORE

Biden scolds reporter on ‘Bidenomics,’ insists economy is “all good.” Urges reporting in a positive light.

Biden admonished reporters and told them to report the economy is “all good.” “What’s your outlook on the economy next year?” a reporter asked Biden. “All good. Take a look! Start reporting it the right way,” Biden said. WATCH: "What's your outlook on the economy next year?" BIDEN: "All good. Take a look! Start reporting …

READ MORE

Bidenomics Isn’t Working! Conference Board Leading Economic Index Fell Again In November

by confoundedinterest17 Biden says over and over again the Bidenomics is working. It isn’t working. The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.5 percent in November 2023 to 103.0 (2016=100), following a (downwardly revised) decline of 1.0 percent in October. The LEI contracted by 3.5 percent over the six-month period between May and …

READ MORE

Financing Bidenomics! The Good, The Bad And The Ugly (Rising Bond Total Returns, Rising Refinancing Costs, Falling Mortgage Purchase Demand)

by confoundedinterest17 Like the spaghetti western “The Good, The Bad And The Ugly,” Bidenomics has had similar effects on financing. Some good, some bad and a lot of uglies. The good! For investors like pension funds the own US Treasuries, inflation has led The Federal Reserve to raise interest rates. This is good for investors holding short-term debt. The …

READ MORE

I had been assured that Bidenomics was working.

REALITY ONLY BITES AFTER YOU’VE BEEN DENYING IT: Economic reality bites as Newsom faces a big California budget problem. During his much ballyhooed, nationally televised debate with Florida Gov. Ron DeSantis last week, California Gov. Gavin Newsom boasted that the state’s economy is “booming” and leads the nation. “California has no peers,” Newsom declared. “California dominates.” …

READ MORE

UNEXPECTEDLY: House Democrats ditch “Bidenomics” messaging.

via axios: House Democrats have rejected the White House’s months-long campaign to sell the term “Bidenomics.” Why it matters: Democrats are going into the 2024 election divided on how to communicate about the economy at a time when most voters are dissatisfied with it. What’s happening: House Democratic leadership stopped pushing the term months ago. The Democratic …

READ MORE

Urgent: How Bidenomics Is Emptying American Bank Accounts

Photo by US Embassy Kyiv From Peter Reagan at Birch Gold Group Despite President Biden’s insistence that the U.S. is experiencing the “greatest economic recovery ever,” the evidence suggests otherwise. In fact, the U.S. economy could be heading for one of the most painful periods of economic turmoil of the last 15 years. And it’s all thanks to …

READ MORE

Why Is US GDP Growth So Strong? Bidenomics Is About BIG Government Spending (+4.7%), Not Consumer Spending (Highway To Hell!)

by confoundedinterest17 US Real GDP grew at a whopping 5.2% (revision) in Q3. But was it organic growth or simply The Federal Government funding the defense and green energy industies with trillions in spending? One factor has been government spending which grew an unsustainably 4.7% in real terms over the last year. Outside the pandemic, this …

READ MORE

BIDENOMICS ISN’T WORKING: Democrats urge Biden to revamp campaign’s economic message.

via thehill: “We cannot, just through sheer repetition, convince voters of something that is not their lived reality when it comes to economics,” said Adam Green, co-founder of the PCCC. Democratic messaging, including that coming from Biden, should be “acknowledging pain and pivoting to a contrast,” Green said, and it should focus on “beginning progress, …

READ MORE

A Bidenomics Thanksgiving! Turkey Prices Decline Slightly … But Still UP 321% Under Bidenomics (Save The Neck For Me, Clark!)

by confoundedinterest17 President Biden reminds me of Cousin Eddie, the dimwitted cousin of Clark Griswold’s wife in the Vacation movies. Except that Cousin Eddie is a nice dimwit while Biden is a nasty dimwit. And politcal stooge. Given that turkey prices are up 321% under Biden, the famous Thanksgiving line “Save the neck for me, Clark” is …

READ MORE

We WILL Get Fooled Again! Purchasing Power Of US Dollar DOWN -15% Under China Joe Biden (Top 1% Doing Great Under Bidenomics, Not The Middle Class)

by confoundedinterest17 Republicans elected Mike Johnson from Louisiana as House Speaker, then were surprised when Johnson agreed with big spending Senators McConnell and Schumer on Biden’s mega spendathon. Also, several Republicans voted with Democrats NOT to impeach Cuba Pete (Mayorkas) for allowing 8 million illegals to cross the southern border. Bottom line: the Biden Administration and Congress …

READ MORE

Bidenomics Breakfast! Orange Juice Prices UP 47% Under Biden (Even Though Food CPI Has Slowed To 3.69% YoY)

by confoundedinterest17 Even eating breakfast under Bidenomics is more expensive. Particularly if you like orange juice like I do. To save money, I am probably going to have to switch to nasty-tasting Tang. Food CPI is up 3.69% year-over-year. The rate of growth in food prices is slowing. But do I trust BLS data on …

READ MORE

Bidenomics: Another Fast-Food Operator Files Chapter 11 Bankruptcy

Restaurants operate on razor-thin margins, so small changes in their operating environments can leave them vulnerable to dipping from profit to loss. In the current economic climate, a number of things that put restaurant chains at risk have gone wrong. First, supply-chain issues have driven prices higher and made some products hard to obtain. On a …

READ MORE

Bidenomics: In a New Bankrate Survey, 50% of U.S. Adults Say Their Overall Financial Situation Is Worse Than It Was in November 2020

WASHINGTON (TND) — Many Americans are having trouble making ends meet due to economic conditions, including interest rates. Over the past several months, we’ve heard from many people nationwide about their financial concerns – whether related to business or weekly expenses. In a new Bankrate survey, 50% of U.S. adults say their overall financial situation is worse than …

READ MORE

Bidenomics Sparks Voter Concern as Trump Gains Electoral Ground: Economy Takes Center Stage in Latest Projections

The latest electoral projections from The New York Times and CBS paint a striking picture, indicating that if the election were held today, former President Trump would likely secure over 300 electoral votes. This is a significant shift from the 2020 election results, showcasing an 8-point swing in favor of Trump. The driving force behind …

READ MORE

Down, Down, Down! Cost Of US Debt Surges As Federal Debt Hits $33.71 TRILLION And Unfunded Liabilities Hit $211 TRILLION (Livin’ La Vida Bidenomics!)

by confoundedinterest17 The US economy is drowing in debt, going down, down, down. US Federal debt just hit $33.71 TRILLION. And unfunded liabilities (promises from Uncle Spam) are now $211 TRILLION. That is 526% of the the current debt load. Which means either lots of additional debt, higher tax rates or cuts in entitlements. The cost …

READ MORE

The Crazy World Of Bidenomics! Actual Cost Of Charging An Electric Vehicle Is $17 Per Gallon, Automakers Losing $36,000 Per EV Sold (Big Boondoggle For China)

by confoundedinterest17 Biden is the God of Hellfire! Forcing Americans to support China. The actual cost of charging an electric vehicle is $17 per gallon, and automakers are losing $36,000 per EV they sell. Its enriches China and makes the US dependent on Chinese batteries and minerals controlled by China. Ford EV sales are almost nonexistant. …

READ MORE

Back In Red! Personal Savings As % Of GDP In The Red Under Bidenomics, Fed Losses Staggering As Deficits SOAR! (Bitcoin/Gold SOAR)

by confoundedinterest17 To paraphrase AC/DC, the US is back in red. Let’s start with personal savings as a percentage of disposable income. It has been in the red (meaning very low) under Billions Biden. And The Fed is really in the red under Biden’s inflation rattling spending with losses leading to a surge in remittances. And …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.