bidenomics!

Bidenomics At Work! Savings Rate Plunges As Spending Soars, Inflation Slows As Govt Wage Growth Nears Record High (Commercial Office Delinquencie On The Rise, San Francisco Soars To 30.4% In Q3)

by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …

READ MORE

Bidenomics: Lots of people being priced out of the housing market.

The path to achieving housing affordability presents a formidable challenge. With mortgage rates at 8% and current property prices, the National Association of Realtors (NAR) suggests that a substantial 63% increase in income is required. These figures underscore the pressing need for comprehensive solutions to address the housing affordability crisis, where rising costs and stagnant …

READ MORE

US Pending Home Sales Fell 7.1% In August, Near Record Low (Down 11% YoY Under Bidenomics As Mortgage Rates Highest Since 2000)

by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% in August 2023, with all four regions of the U.S. posting month-over-month and year-over-year declines …

READ MORE

Bidenomics! New Home Sales Exploded In September, As Homebuilders Eat Soaring Mortgage Costs (Highest Mortgage Rate Since 2000 And Still Plenty Of Fiscal Stimulus Distorting The Market)

by confoundedinterest17 Bidenflation, a name for the combination of reckless Federal spending and excess monetary stimulus related to Covid, is still causing severe pain for the middle class. The massive Federal spending splurge is still working its way through the economy and causing distortions, like surging new home sales despite higher mortgage rates. Some background …

READ MORE

Bidenomics Strikes Again! US Existing Home Sales Tumble To Weakest In 13 Years (First-Time Buyers Historical Lows)

by confoundedinterest17 Bidenomics strikes … again. No, not his inane ramblings about Hamas being “the other team” or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing. Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose …

READ MORE

Bidenomics At Work! US Government Is Virtually The Only Borrower Left Standing, Bank Credit Declines (No Wonder Yields Are Rising!)

by confoundedinterest17 Its the Biden Bop! As Bidenomics continues its blitzkrieg on the US economy with the Federal government massively expanding its debt while households and business cut back on debt. The US government is the only sector to have notably borrowed on a net basis over the last five years. The market sees that as inflationary, …

READ MORE

Krugman’s Kerplunk! War On Inflation Over, But Avergage American Is $7,400 Poorer Under Bidenomics (Real Wages Decline Again And Rent Inflation Over 7%)

by confoundedinterest17 Paul Krugman, Nobel Laureate in economics and media celebrity, made a terrible claim yesterday when he pronounced that “The war on inflation is over. We won, at very little cost.” Krugman’s proclamation was trumpeted by The View’s Joy Behar Joy who claimed that everything is going great in the country! The economy is …

READ MORE

Bidenomics! National Debt Increases By Another Half-Trillion In Just 20 Days (To Infinity … And Beyond!) Don’t Forget About The $194+ TRILLION In Unfunded Liabilities That Politicians Promised The Non 1%!

by confoundedinterest17 Joe Biden is the Buzz Lightyear of the economy … and not in a good way. Under Biden and the Congressional spending sprees, the US debt is going to infinity … and beyond! Twenty days. That’s how long it took the Biden administration to add another half-trillion dollars to the national debt. Bidenomics …

READ MORE

Hidden Truth: Bidenomics’ Smoke and Mirrors – Gig Workers and Waitresses Rule the Job Market!

The recent “blockbuster” jobs report masks some concerning realities: nearly half of the new jobs are part-time or double-counted, and approximately 5 million Americans remain out of the job market, potentially pushing the real unemployment rate close to 7%. Turns out that “blockbuster” jobs report was hiding a lot. Almost half of new jobs are …

READ MORE

Two-Job Joe! How Bidenomics Is Causing Hardship For The Non-Elites (Top 1% Keep Gaining In Percentage Of Net Worth While Bottom 50% Keeps Declining)

by confoundedinterest17 “Two-job Joe” should be Biden’s new nickname for his economy wrecking ball known as Bidenomics. The economic disaster known as Bidenomics (code for wealth transfers to the donor class) can be seen in the following chart. Non-elite households are struggling to cope with higher gasoline, food and house prices (rent) under Bidenomics. As …

READ MORE

Bidenomics At Work! Mortgage Rates Hit Almost 8% (Highest Since July 2000 Under Bill Clinton), Deficits This High Usually Occur During Recessions And HIGH Unemployment

by confoundedinterest17 Joe Biden, who has always been a compulsive liar but at least sounded cognicent, is now babbling and whispering that Bidenomics works. But for who? Clearly not for first time homebuyers or people looking to move. Bankrate’s 30-year mortgage rate is up to almost 8%, the highest since July 2000 and Willy Slick …

READ MORE

US Excess Savings Depleted For Bottom 80% Of Households To Cope With Bidenomics (Home Affordability Hits All-time Low!)

by confoundedinterest17 Wasting away again with Bidenomics, code for massive Federal subsidies to green energy donors. And incentives to buy impractical EVs. Imagine in an emergency and your car only goes 200 miles (and then you have to wait for an available charger to come open). Well, the top 1% are doing fine. But the bottom …

READ MORE

Slippin’ Into Darkness Under Bidenomics! US Pending Home Sales Nosedive -18.80% Since Last Year As Mortgage Rates Hit 20 Year Highs

by confoundedinterest17 The US housing market is slippin’ into darkness under Bidenomics. With existing home sales at their lowest since 2010 and new home sales finally hitting the wall, pending home sales were expected to decline MoM in August after an uptick in July (amid soaring mortgage rates and plunging affordability) and they did…hugely. Pending home …

READ MORE

Another fine example of the success of Bidenomics…

53,000 Las Vegas hospitality workers vote to strike, not seen in 39 years. Vegas casino worker unions authorize a strike, threatening first major walkout in 39 years Members of the Culinary and Bartenders unions overwhelmingly voted Tuesday to authorize their negotiating committees to call for a strike by some 53,000 non-gaming Strip and downtown casino …

READ MORE

Bidenomics In Action! US New Home Sales Crashed -8.7% MoM In August As Mortgage Rates Surge

by confoundedinterest17 Biden’s press secretary Karine Jean-Pierre said that Biden was laser focused on reducing inflation. At least he isn’t laser focused on little girls … for the moment. But he still does seem laser focused on providing Ukraine with billions of dollars. After months of soaring in the face of higher mortgage rates (and …

READ MORE

How’s that Bidenomics working out for ya?

I just paid $6 for gas in Vegas. $100 to fill up my car. People are so angry. I stood outside my car & listened to drivers cursing Joe Biden. I heard "F–CK Biden." I heard them saying he should be in prison w/Hunter. USA ready to explode. I think we're tipping into revolution. — …

READ MORE

‘Bidenomics’ Is Failing Everyday Americans: The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.

via reason: As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren’t feeling the so-called success of “Bidenomics.” Superficially, the economy looks solid. As measured by real gross domestic product (GDP), it increased …

READ MORE

Homebuilder Sentiment Goes Negative For First Time In 7 Months, Thanks To Bidenomics (Mortgage Rates UP 152% Under Biden)

by confoundedinterest17 Bidenomics, the economic gift to big donors and a boot up the backside of middle class and low wage workers, keeps on giving. Now its homebuilder sentiment falling to 45. U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in …

READ MORE

Bidenomics taking its toll…

More U.S. companies have gone bankrupt in 2023 so far than all of 2022 or 2021 There have been more U.S. corporate bankruptcies so far in 2023 than in all of 2022 or 2021, as companies continue to struggle with high interest rates and a tight labor market. S&P Global Market Intelligence has recorded 459 …

READ MORE

Bidenomics is really kicking in now

by Gypo O’Leary Child Poverty More than Doubled in Biden’s Second Year, Census Data Shows – The U.S. saw a sharp rise in the government’s supplemental poverty rate and a fall in real incomes for Americans in 2022 – 5.2% in 2021 to 12.4% in 2022 – Overall poverty increased by 4.6 points to 12.4% …

READ MORE

Bidenomics In 3 Charts! Net Cash Farm Income Growth Negative, Office Vacancy Rate Now Higher Than Financial Crisis, 19% Growth In Federal Debt And $194 TRILLION In Unfunded Liabilities (WEF’s Klaus Schwab Approves Biden’s Message!)

by confoundedinterest17 Bidenomics is a train wreck. But unlike E. Palestine Ohio, the site of a train derailment and massive toxic spill (for which Biden has yet to visit), Bidenomics is a continuing train wreck. The first chart is the record decline in US net cash farm income. Now in negative growth! Second, US office …

READ MORE

Joe Biden Celebrates the Coming Rise in Gas and Oil Prices Under Bidenomics: “We’re canceling all remaining oil and gas leases”

We’re canceling all remaining oil and gas leases issued under the previous administration in the Arctic Refuge and protecting more than 13 million acres in the Western Arctic. As the climate crisis warms the Arctic, we have a responsibility to protect this treasured region for… — Joe Biden (@JoeBiden) September 7, 2023 What you’re really …

READ MORE

Americans Last! #Bidenomics

https://ktrh.iheart.com/alternate/amp/2023-08-25-biden-giving-illegals-2200-per-month-welfare-only-1400-to-us-retirees/ https://www.thegatewaypundit.com/2023/09/outrageous-border-patrol-agent-reveals-biden-regime-gives/ XENOPHOBIC NATIVISTSpic.twitter.com/4G84hwjJsu — The_Real_Fly (@The_Real_Fly) September 7, 2023 We’ll be prepared for $8 dollar gas h/t EuphoricTrilby

US Beginning Credit Super Cycle (Bidenomics = Inflation, Rising Debt, Rising Delinquencies) Mortgage Rates UP 158% Under Bidenomics

by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of debt comes …. drumroll … delinquenices! Let’s start with mortgage loans, the overall delinquency rate …

READ MORE

Bidenomics 101 (Hand To Mouth): 61% Of Americans Living Paycheck To Paycheck With Unsustainable Debt Levels, Up 19.4% Under Biden (50,000 U.S. Stores Likely To Close By End Of 2027)

by confoundedinterest17 Bidenomics is forcing Americans to live hand to mouth. Or as Lou Chrisite sang, “Lightning Strikes …. Americans” leaving them worse off under Bidenomics. The cost of living has been soaring, and our standard of living has been steadily going down. Coping with inflation is tough for American households where consumer debt is up 19.$ under …

READ MORE

Bidenomics is destroying the middle class.

by Glenn Reynolds   EVERYTHING IS GOING SWIMMINGLY: Rising Rents Are Hitting American Suburbs Hardest: Suburban rent growth exceeds its urban counterpart in 28 of 33 metro areas, a new study finds.   America’s suburbs are posting the country’s fastest-rising rents, a sign that the recent migration of families from major cities is starting to look …

READ MORE

Proof That Bidenomics Has Been A Catastrophic Failure

by Michael Joe Biden just can’t quit fibbing.  On Labor Day, he traveled to Philadelphia where he delivered a speech touting the success of “Bidenomics”.  Who does he think he is fooling?  The American people aren’t buying that nonsense.  They know that prices are out of control at the grocery store.  They know that the …

READ MORE

Bidenomics Has Failed In The Worst Way Possible

From Peter Reagan at Birch Gold Group Corporate media headlines like Biden’s Economy Is the Best Ever or The Bidenomics Success Story leave one big question unanswered… Who is better off? (Lest we forget, “the economy” isn’t a citizen.) Are you better off than you were thirty months, two and a half years ago? Let’s set “the economy” aside for a moment. It’s easy to …

READ MORE

Bidenomics 101 (Income): Real Gross Domestic Income Growth NEGATIVE For 3 Consecutive Quarters As M2 Money Growth Worst Since 1933 And The New Deal (Only 187k Jobs Added In August And ALL Of Last Year’s Jobs Added Were Revised Downwards)

by confoundedinterest17 The glories of Bidenomics is on fully display. Despite what Lyin’ Biden says, Bidenomics is only working for the elites (top 1%). How Soviet/CCP command economy of him! Here is an ugly chart showing Bidenomics in action! We all know that Covid unleashed a torrent of Fed monetary stimulus AND Federal spending on …

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.