Biden Democrats Stock Market Crash Recession Depression Socialism Communism Fascism

Had enough of the transgender hyper-inflation recession yet?

I’ve been watching the stock market plummet from the sidelines over the last few months, and just thinking about whether people are going to vote to change the direction of the economy in November. I know that Democrats voted for global warming alarmism, infanticide, indoctrinating kids in transgenderism, etc. But will the Biden inflation and recession economy change their minds?

Here’s the first one from center-left CNBC which talks about how $9 trillion in lost wealth from declining stocks is going to affect consumer spending, borrowing and investing:

Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending.

Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year, according to data from the Federal Reserve. With major market indexes falling even further since early July, and the bond market adding further losses, market experts say the current wealth losses from financial markets could total $9.5 trillion to $10 trillion.

Economists say the drops could soon start rippling through the economy, adding pressure to Americans’ balance sheets and possibly hurting spending, borrowing and investing.

[…]The drop in stock wealth also far exceeds the $6 trillion in quarterly stock losses during the beginning of the pandemic in 2020. While stock markets have seen larger drops on a percentage basis, this year’s stock losses are among the largest ever on a dollar basis.

Here’s another one from center-left CNBC which talks about how ordinary Americans are having to take on extra work to deal with Biden inflation – like the 8.3% year over year increase in August:

Nearly 70% of Americans are looking for extra work to combat inflation, according to more than 1,000 full-time workers, part-time workers and unemployed workers surveyed by Bluecrew, a workforce-as-a-service platform, in September.

Already, 85% of Americans said they’ve changed their spending habits due to inflation, 72% say it’s impacted the way they view their job and 57% have sought out new or additional roles in the past year, according to the survey.

“Rapid inflation is forcing people to look at not only how they’re spending their money, but also how they’re earning their money,” says Matt Laurinas, chief customer officer at Bluecrew.

In many cases, those looking for work already log 40 hours during the week and are picking up extra shifts or gig work on nights and weekends, Laurinas says.

Others taking on additional work include people who hold hourly jobs and want more hours with another company, or parents who have caregiving needs during the week and need to work weekends while a partner or family member can provide care.

What do we learn from this? Well, the only good thing that’s happening right now is that the Federal Reserve is raising interest rates, so that people don’t lose the purchasing power of their savings. They waited too long to do it, but it’s a smart move. The problem we have now is that the socialists control the House and the Senate. And so, we can expect a Venezuela / Cuba / Argentina style economy. Unless we vote them out.

Right now, the Biden administration is ignoring inflation, the plummeting stock market, and the reality of the recession. They only want to talk about the global warming monster, how to trans kids against the wishes of their parents, and codifying infanticide. They’re crazy. If you ever want to stop working and retire, you better make sure that you and ALL your friends and family vote them out in November.

4 thoughts on “Had enough of the transgender hyper-inflation recession yet?”

  1. Yes, vote them out, but make sure that you vote IN MAGA Republicans, NOT the RINOs that make up the overwhelming majority of the GOP.

    Because when RINOs get into power, they become soft Dimms. Nothing gets turned back. No true moral progress is made. You have to vote in disruptors, Trump Republicans, etc. Otherwise, we are just frogs boiling in water, and the water is getting VERY low these days.

    Liked by 2 people

  2. The lockdown and gov’t paying out money was going to cause a level of inflation guaranteed. And the longer they went continuing to spend like crazy on other projects at home and around the world only makes it worse

    Liked by 1 person

  3. It’s the same-old same-old. Dems destroy the economy, repubs take over fix it. dems get power…In my life the only dem to buck the dnc in economic fraud was JFK and he wound up dead.


    1. Yes, JFK went against the Dimm love for segregation and higher taxes and ended up dead. His policies would have been to the Right of Trump’s, BTW. His economic policies were pretty conservative.

      He was not a fan of communism, which is why a communist murdered him, and what little he said about abortion was not good at all – of course he was assassinated almost ten years before Roe v Wade, when the thought of aborting one’s child was DEEPLY shameful to all but a few bloodthirsty extremists in our culture.


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