Taking credit for just about everything, 78-year-old President Joe Biden boasted how America’s back in just 100 days, touting the creating of 1.3 million jobs. Well coming out the Covid-19 recession, employers are starting hire back, something expected after the recession shed 3.37 million jobs, going from a 3.5% unemployment rate to over 12% at its worst, bouncing back to 6.0% today. Biden said to get the unemployment rate back to 3.5%, Congress needs to pass his $1.8 trillion infrastructure bill, guaranteeing more employment into the indefinite future. Biden’s economic plans depend on whopping government borrowing and spending, something that’s not sustainable in any economy. What’s different now is that he’s running the government like one-party rule, bullying Republicans to accept his big government spending plans. At some point, Wall Street’s going to rebel and sell-off.
Biden’s speech was written to place him on a white horse, rescuing America from the big, bad, evil former President Donald Trump. While Trump’s barely mentioned, erased from Democrat and media history, Trump achieved the 3.5% unemployment rate with his Dec. 22, 2017 tax cuts, giving corporations and middle class a break. But that’s all gone now with Biden cranking up the government printing presses, devaluing the dollar and skyrocketing federal budget deficits and the national debt. “America’s house was on fire,” referring to the Covid-19 crisis. Well, Trump didn’t create the crisis but did everything possible to accelerate the development of vaccines to help put the fire out. Biden and his Vice President Kamala Harris told voters in the 2020 campaign to not trust Trump on vaccines.
Biden acts like if Trump were still in office, he wouldn’t have gotten vaccines out to the American public, something preposterous because the same distribution channels were used by both administrations. Yet if you listen to Biden, he’s saved the country from the deadly Covid-19 pandemic and all the economic fallout. “For too long, we have failed to use the most important word when it comes meeting the climate crisis,” Biden said. “Jobs, jobs. For me, when I think about climate change. I think jobs,” giving a silver lining or supreme excuse for pushing Rep. Alexandria Ocasio-Cortez (R-N.Y.) “Green New Deal.” Whether admitted to or not, the Green New Deal won’t create jobs, it’s going to kill the energy industry, never making up for costs and job losses transferring into a “green” energy economy. Whatever jobs have recently been created have nothing to do with Biden or Democrats.
Biden’s economic team has steered the U.S. economy to a major crash, where the government can’t spend its way out of recession, when the government, not entrepreneurs, have created all the obstacles, including new burdensome taxes and regulations. “Now—after just 100 days—I can report to the nation: America is on the move again,” Biden said. America is now “turning peril into possibility. Crisis into opportunity. Setback into strength,” stating the exact opposite of reality. Letting government spend its way out of a recession is a formula for the kind of economic crashes seen in the past. Biden and Democrats are all pumped getting rid of Trump but what are they really doing to the economy? Punishing entrepreneurship, creating burdensome taxes and regulations and making real jobs growth impossible. Once Biden’s funding runs out, it leaves the government in a deeper hole.
Relying on the Green New Deal to generate the nation’s future jobs is preposterous. Biden’s economic plan makes it more difficult for ordinary businesses to survive in the future, other than depending on government largess. How many more stimulus bills can Biden beg Congress to pass when his economic program contnues to bleed the treasury into insolvency? Biden and Democrats economic plan is rule by oligarchy, one-party calling the shots, bullying the other party into submission. Congress now uses the “nuclear option” to pass legislation that will bankrupt the country. “I’m not out to punish anyone,” Biden said. “But I will not add to the tax burden of the middle class of this country.’ With Biden’s economic plan, there will be no middle class left, with all the taxes and regulations killing future business opportunities that create the middle class.
Biden wants to tax the rich to finance his ambitious government programs all designed to kick the can down the road, relying on more government spending. With Biden’s plan, there will be no middle class left to tax as he kills the ordinary kinds of jobs needed to keep the country going, including conventional, not green, energy. Biden and his Green New Deal fanatics have the nation hostage, imposing punitive taxes and regulations on job-creating entrepreneurs. Biden talked about social justice in his speech but doesn’t see the link to a thriving economy. Government spending has tried-and-failed in the past and it will fail again. What kind of social justice can there be for minorities who can’t find anything other than a government job? Biden still talks about the Jan. 6 Capitol riot as a threat to American. Whatever happened Jan. 6, that’s not the current threat to American democracy.
