Bidenomics Up Close

19 Jun

Bidenomics Up Close

No Wonder People Are Buying Gold and Silver!

“Their need for mental health in America has skyrocketed,” says President Biden.

The people should always have mental health.  Of course, what Biden actually means is that the need for mental health care in America has skyrocketed.  

Actually, what the people need most is a break from the confusion and chaos coming at them from the top.  People always need clarity.  They can’t be expected to function optimally in an environment of deceit.  But deceit and confusion are coming at them at breakneck speed from Washington.

When you gas up this weekend, do the grocery shopping, or check your 401k, you might want to consider the words of Karine Jean-Pierre, the president’s spokesperson:

 The US economy “is in a better place than it has been historically.”

 She actually said that but she’s new and she’s like the old RCA Victor ad called “His Master’s Voice.”  She’s only expected to repeat what her masters say, so we won’t dwell on her.  

But the president is another story.  So today we turn to what Biden says about economic matters with the help of the great reporter James Bovard and a recent piece in the New York Post called “Debunking 10 of Joe Biden’s lies about the state of the US economy.”

You can read the entire list HERE, but we’ve selected a few snippets:

CLAIM: Biden boasted that he “put America in a position to tackle the worldwide problem that’s worse everywhere but here: inflation.”

REALITY: Were Biden’s speechwriters using “Common Core” math that makes all bad numbers vanish? Inflation is 8.6% in America and 5.4% in South Korea, 5.1% in Australia, 6.8% in Canada.

CLAIM: Biden continued blaming Russian President Vladimir Putin for price hikes here in America.

REALITY: National Public Radio reported earlier this year that “between 2019 and 2021, the US saw one of the biggest inflation-rate increases in the world, behind only Brazil and Turkey.” Inflation had increased fourfold under Biden — reaching 7% — before Russia invaded Ukraine. Wholesale price inflation last month was almost 11% — signaling worse times ahead for US consumers.

CLAIM: Biden apparently thinks that public raving can restore confidence in his leadership. He literally screamed at the AFL-CIO audience: “I don’t want to hear any more of these lies about reckless spending. We’re changing people’s lives!”

REALITY: Federal Reserve analysts estimated that Biden’s deluge of handouts added 3% to the inflation rate by late last year. The Federal Reserve has boosted the money supply by 40% since the start of the pandemic, helping fuel price surges across the board.

CLAIM: Biden claimed that he had “created the greatest job recovery in American history. … Since I’ve become president, we’ve created 8.7 million new jobs in 16 months.”

REALITY: Does it count as a “new job” if it was “created” solely because politicians ceased prohibiting people from going to work? Almost all of the Biden “success story” is simply jobs returning from the pandemic shutdowns and disruptions. According to, nationwide employment this year will be roughly the same level as 2019.

There is much more, but we think this makes the point.  If you had such confusion issuing from the top levels of your government, wouldn’t you be buying gold and silver for protection from the chaos?

We would too.