U.S. Economy Shrinks As
Inflation And Labor Shortages Continue To Rise Under
President Joe Biden
April 28. 2022
Dementia stricken Joe Biden trying to remember
his name and occupation. What a charade and farce
this has become.
Even before Joe Bide assumed office
as President of the United States, I stated on this
site he is not business savvy, does not understand
economics and has dementia, which are significant
obstacles in trying to repair and grow the U.S.
economy. Recently the stock market took a record hit
as well with countless companies missing earnings
predictions.
For the past 2-years, all over
America business after business has up help wanted
signs and ads of the same in publications, yet
nothing has changed. It is because the captain,
Biden, can't steer the ship, America and its
economy, correctly. Over 2-years ago I stated Biden
would fail regarding the U.S. economy and the signs
are showing just that.
Joe Biden looking confused again
CNBC declared "U.S. GDP fell at a
1.4% pace to start the year as pandemic recovery
takes a hit." The U.S. GDP shrank an uncomfortable
1.4%, inflation is steadily rising and there are
serious labor shortages in America, indicating the
economy is tanking. 2-years in, this is inexcusable.
Americans who can't find work for
more than 6-months are dropped from the unemployment
figures, as though they've exited the job market,
when they are still looking for work or quit trying
in some cases. I have repeatedly maintained Biden
was not the man for the job. Biden has consistently
proven me correct (President Joe Biden's Economy
Continues To Tank With 5,000,000 More Americans Out Sick With COVID
After His Bad Advice).
President Joe Biden and former President
Barack Obama this month. Obama is still behind the
scenes for his third term and seeks to have a fourth
via Biden reelection if sickly Joe holds up that
long (Mainstream Outlets Refer To President-Elect Joe Biden As
Barack Obama's Third Term In Office Much To His Annoyance But Confirming
Previous Site Claims).
This is one of my pet peeves; people
who know they are completely unqualified for a job,
but vigorously and aggressively pursue it anyway,
then cause chaos and loss with their ineptitude and
incompetence. It's not everything in life you want
you should get.
The question is where does that
leave America...in trouble, that's what. The nation
cannot continue to function under such poor
leadership. Terrible problems are coming that Biden
will not be able to solve (take a hint, Joe:
70 Percent Of Americans Do Not Want
President Joe Biden To Run For Reelection).
STORY SOURCE
U.S. GDP fell at a 1.4% pace to start the year
as pandemic recovery takes a hit
Published Thu, Apr 28 20228:31 AM
EDTUpdated Thu, Apr 28 20222:27 PM EDT - Gross
domestic product in the U.S. declined at a 1.4% pace
in the first quarter, below analyst expectations of
a 1% gain. Declines in fixed investment, defense
spending and the record trade imbalance weighed on
growth.
Consumer expenditures rose 2.7%, but
that came amid a 7.8% increase in prices. “This is
noise; not signal. The economy is not falling into
recession,” wrote Ian Shepherdson, chief economist
at Pantheon Macroeconomics.
Gross domestic product unexpectedly
declined at a 1.4% annualized pace in the first
quarter, marking an abrupt reversal for an economy
coming off its best performance since 1984, the
Commerce Department reported Thursday...
https://www.cnbc.com
RELATED ARTICLES
President Joe
Biden Still Has Not Remedied America's Economic Problems That Just Got
Much Worse With Record National Debt At $30 Trillion
President Joe Biden Dubbed 'Crackpipe
Joe' On Twitter For Earmarking $30,000,000 In Taxpayer Money For
Crackpipes For Drug Addicts
President Joe
Biden Does Not Know What To Do Regarding The War In Ukraine Which Has
Left Ukrainian Politicians Disappointed
Democrats Worry That President Joe
Biden’s Failures In Office And Unpopularity Will Drag Them Down During
Midterm Elections
President Joe Biden's Economy
Continues To Tank With 5,000,000 More Americans Out Sick With COVID
After His Bad Advice
President Joe Biden Faces Plunging
Popularity And Receives A Failing Grade For His Poor Handling Of America
President Joe Biden Fails To Deliver
Free COVID Tests And Masks To The Public (Video)
President Joe Biden's Family Has
Been Getting Rich Off Ties To The White House
Site Exclusives
|
|
|
|
|
