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There have been many, many economic policy failures of the failed Democrat Biden-Harris Administration. Voters are now being treated to lies as far as the economic accomplishments of this administration. Unfortunately, there is not much good economic news that has transpired since this Administration took office back in 2021. The sad fact of the matter is our economy is in a gravely troubled state no matter how the state-run media tries to spin it.
The costs of borrowing to prop up a $35 trillion-dollar National Debt has grown by an enormous amount, especially given higher prevailing interest rates. This interest will cost taxpayers roughly $900 billion dollars for 2024, and accounts for over 3% of our Gross Domestic Product. That amounts to $900 billion dollars that is unproductive in our economy, as is the growing $35 trillion-dollar National Debt. It is clear that the Democrat Party endorsed candidates, Vice-President Harris and liberal spending and volatile Minnesota Governor Tim Walz, have no understanding nor care of the economic turmoil that this debt causes. And obviously with a limited economics education and no understanding of how a free-market economy works, Vice President Harris shows that she is unaware of any economic event that has taken place since she took office, but she likes to project “joy, wherever she goes.” I guess she must feel "joy" as to how her Administration has helped to bankrupt the country.
Costs have increased dramatically for just about all consumer goods and services. These additional costs include housing, electricity, transportation, medical care, gasoline, all food items, all consumer staples, the costs of borrowing money/interest rates, clothing, paper goods, and many more. Costs have gone up for consumers and businesses and industries. Vice President Harris seems to be enamored with her new phrase of "shrinkflation" developed by her glib, hip marketers to help shift blame from her Administration to all of those “greedy, profit driven businesses” that somehow created her Administration's nonstop deficit spending. This is the same nonstop government deficit spending that has created the runaway inflation we have had since 2021.
In review of the Biden-Harris-Walz debacle, one can only shake their head and ask if there is any Democrat-controlled environment anywhere where expenses are low, cities are safe, budgets are balanced, and businesses prosper. But that is not the case anywhere. Take the Democrat-run policy bereft, economically burdened, and energy-crippled and incoherent state of King Ned Lamont The Unaccountable’s Connecticut. Where problems are met with excuses and where issues are ducked by the political class like beanballs. The old Hebrews would say that the apple does not fall far from the tree. So, picture what a Harris-Walz administration acting in like manner can do to further destroy America if it acts only one-half as bad as states like Connecticut and California.
However, there are given solutions to help eliminate inflation in our economy, although in order to qualify as such they must be politically generated! The Federal Reserve Bank has done all it can to help raise interest rates to make money more expensive in order to somehow "cool" inflation. It will violate long-standing practice and “help” the economy along politically by having an interest rate cut in September to further the illusionary process of having inflation go down and or remain stable.
Of course, this faux policy will be heralded by all Democrats and the state-run media couched in terms that Vice President Harris has miraculously “solved the problems of inflation” even though her Administration has helped to oversee one of the greatest losses of personal wealth for many socio-economic groups since 2021. (In point of fact, one can wonder if Vice President Harris is capable of balancing her own checkbook.)
Inflation and the great loss of personal wealth can be corrected. It starts with government at all levels cutting back spending dramatically. This means immediately cutting back on the massive and failed economic subsidies for green energy. It starts with the closing our border and the unchecked migration of anyone and everyone whom we as Taxpayers get to support. It starts with a government forced to meet economic efficiencies to save money. It starts with an end to the failed Democrat Biden Harris Administration and the election of a new President who is not associated as the former Vice President of this incompetent and corrupted economic debacle we have been forced to live through since 2021.
You are not better off economically than you were in 2021. 2025 can represent a new beginning for our economy and country in many ways — it will not happen with the "joy" of Vice President Harris and Minnesota Governor Tim Walz who are a metastasizing cancer in our society in 2024.
