Joe Biden’s Selfish Pleasures Will Destroy the American Economy

    Evan El-Amin/

    Donald Trump was a president that took his job seriously to serve the people. He did his job so well that many voters cast their vote for him because he promised to make the country great and put things on track for a bright future. Within a few short years, he had everything he had promised, and things were looking up. And even during the pandemic, things stayed strong until the liberals weaseled their way into the White House.

    At first, Joe Biden talked about unity and continuing to build up America. But as the hours went on that first day, it became clear that Biden had other plans, and they did not include expanding on what Trump had put into place that was causing America to thrive. By the end of Biden’s first day in office, he had torn down every good thing that America had going for itself.

    Biden talked about unity but promoted division. The success of Donald Trump would carry on for a few months, which Biden would try to claim as his triumphs. But the country knew better. Within a few moments, the cost of living began to rise in America as inflation started going up.

    Joe Biden holds the record for the highest inflation rate, highest prices in general, and the most illegals to cross the southern border. The old man has finally reached the point where his failures start to compound on themselves.

    The Federal Reserve is doing what it can to counter the high inflation that Biden brought with him to the White House. Things are so bad that a recession is looming on the horizon. The cost of Biden’s exploits is about to compound on itself, which means millions of people are about to lose it all.

    Michael Hartnett is a chief investment strategist with Bank of America. He has issued a warning that inflated prices and other factors led America toward a massive recession. He stated that” ‘Inflation shock’ worsening, ‘rates shock’ just beginning, ‘recession shock’ coming.”

    Most of the world’s nations depend on the strength of the American dollar. An American recession means the effects will be felt around the world. And everyone has Joe Biden to think for his socialist ideology that he thinks is what will make America great.

    The Federal Reserve has already raised interest rates to higher levels. And they are not going to stop there. They are stating that there are more increases on the way.

    Jerome Powell is the Federal Reserve Chairman. He stated, “If we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so. And if we determine that we need to tighten beyond common measures of neutral and into a more restrictive stance, we will do that as well.”

    He stated that they would do what was necessary to stop inflation from getting out of control. But that is just the thing that Biden is hoping will happen. For Biden to usher in a socialist environment, he needs higher interest rates and high prices. He needs a loaf of bread to cost a buyer unimaginable money.

    Biden’s plan calls on people to rely on the federal government for food and money because no one can afford to buy it from the store. Inflation means employers will cut costs and reduce the number of people that work for them. No one will have a job except those of the privileged class of liberal elites.

    Experts do not want to see a recession any more than a private investor wants one. But at the rate that Biden is spending money and raising taxes, the threat is even closer. Joe Biden is the master of destruction. He plans to destroy America and the people he was supposed to unite together but never did.