Inflation is the biggest economic issue dominating the midterm election campaign and making Democrats nervous, but the stock market’s performance isn’t too far behind.
“The stock market doesn’t necessarily reflect the state of the economy, as you well know,” Biden told reporters last month. “And the economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good.” According to a June estimate by Alicia Munnell, the director of the Center for Retirement Research at Boston College, the stock market selloff cost nearly $3 trillion in retirement funds. The Washington Post estimated in May that 1.5 million retirees had reentered the workforce by that point in the year.
“Biden robbed grandma and grandpa to pay for his reckless spending,” Republican National Committee Rapid Response Director Tommy Pigott said in July. “An empty speech in Ohio won’t change just how much Biden has hurt retirees.”
JoeBiden jimantle aka the Great Reset
JoeBiden jimantle
JoeBiden jimantle You think it’s tumbling now? Wait until after the election
JoeBiden jimantle Joe Biden thought the Presidency would be a cake walk of ceremony, waving flags, and adoration. There is real work to be done and he is woefully unprepared.
JoeBiden jimantle He owns it with his war on fossil fuel and spending money like a drunk Hunter Biden