in leading US indicators, a worse than expected July jobs report and fears that the dollar will weaken in the coming months.squandered his time in office jacking up unproductive government spending, subsidizing key Democratic voting constituencies with costly handouts and gaslighting the public Soviet-style whenever any negative economic news reared its ugly head.
The 1.3 million public sector jobs he’s added kept unemployment figures artificially low — and with no significant firings or layoffs among government workers, last week’s spike in job losses meant they’ve come almost exclusively in the private sector.Biden’s irresponsible strategy ballooned the national debt by $7.9 trillion, boosted inflation and drove up interest rates.
Since Kamala Harris replaced Biden as the Democratic nominee in a backroom sleight of hand last month, hyping that delusion has assumed peak importance.Now the lie is falling apart. After steadily rising over the past few months, unemployment stands at its highest level in three years, accompanied by a worsening national affordability crisis, rising consumer debt and persisting inflation.
That’s bad news for Harris, whose campaign has advanced no economic policy of any kind, while Biden and most congressional Democrats favor tax hikes, yet more debt-based government spending and no meaningful solution to illegal immigration, which has enduring economic consequences.