Tag: Economy

President Joe Biden Holds Second Press Conference of Presidency

Today at 4:00 PM EST, President Joe Biden will give only the second solo formal press conference of his presidency. His first solo White House presser was on March 20th of 2020. He is expected to answer questions on the future of COVID mitigation, inflation fears, nuclear threats, Russia, and Donald Trump. Please join us

Biden Doing Damage Control on Horrible Inflation Numbers

New inflation numbers handed Biden’s economy horrible news, and now he is doing damage control. According to Townhall: Shortly after the data was published, President Joe Biden released a statement attempting to spin the situation, deflect responsibility and call form even more spending. “Today’s numbers reflect the pressures that economies around the world are facing

Obama Adviser Reveals the Crisis that Could Lead to Another Trump Presidency

President Barack Obama’s former Treasury Secretary Larry Summers says that Biden’s economic crisis could cost him his next election. Summers, a Democrat, said that the country’s inflation could lead to Donald Trump’s next presidential term. The Washington Examiner reports: “After years of advocating more expansionary fiscal and monetary policy, I altered my view this past winter,

Inflation Reaches High Not Seen in 30-Years

Inflation did not get any better in October. In fact, it got worse. The Consumer-Price Index rose at a 6.2% annual rate. The rise was driven by pandemic-related supply shortages and strength in consumer demand. Worse yet, the core price index which excludes food and energy prices rose at 4.6% in October. In September it rose at

Third Quarter Economy Slows Drastically

Joe Biden’s economy has received more bad news as the third quarter looks to have slowed significantly. According to The Washington Free Beacon: WASHINGTON — The U.S. economy grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled

Economic Forecast Downgraded by Goldman Sachs

Joe Biden’s economy has been dealt another blow as Goldman Sachs has downgraded its economic forecast. According to The Washington Free Beacon: The economists in a Sunday note to clients blamed the downgrade on “a longer-lasting virus drag on virus-sensitive consumer services spending,” a decreased financial stimulus, and a shortage in semiconductors, MarketWatch reported. China, which has

Biden’s Economy Gets More Bad News

Jobless claims have risen for the third straight week as Biden’s economy spirals. According to The Washington Free Beacon: Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 362,000 for the week ended Sept. 25, the Labor Department said on Thursday. Economists polled by Reuters had forecast 335,000 applications for the latest week. Claims have

Biden Admin Intent on Cozying Up to China

Joe Biden’s Commerce Secretary wants closer ties with China even as China is escalating tensions with Taiwan. According to The Washington Free Beacon: Secretary of Commerce Gina Raimondo called Friday for closer business ties with China even as Beijing increases its military muster. “It’s just an economic fact” that the United States must trade with

ANALYSTS: Biden’s Budget Would Shrink Economy

Analysts have reported that Joe Biden’s proposed budget will likely shrink the economy over the next few decades. According to The Daily Wire: Economists project that President Biden’s first budget proposal would cut economic output by 1.5% over the next three decades if enacted. A report from Penn Wharton Budget Model — a project of the University