Reblogged on kommonsentsjane/blogkommonsents

8/30/2023

ARE YOU BETTER OFF TODAY THAN YOU WERE UNDER PRESIDENT TRUMP?

What is Bidenomics? Benefit or Bidenmare

07/15/2023

The Biden administration and the Democrat National Committee have recognized that Joe Biden has fallen out of favor with the American people and is likely to be voted out of office unless something is done to reshape the narrative. 

The original calculus had Biden continuing in his folksy way through the first term in office and continuing on to the start of the next term.  For those who questioned his age and ability to lead, Kamala would be in the wings to provide a sense of continuity and step in if necessary after he was re-elected.  In the eyes of the DNC, it wouldn’t matter to anyone if Kamala is competent to do the job because equity dictates that a woman of color deserved to hold the top spot, otherwise, we would be a racist, misogynistic society and nobody wants that. 

The echo chamber Democrats live in says they are governing in the best way possible for all of us, like Obama said himself they just don’t explain it very well. The DNC, if not Joe Biden himself, have discovered the citizens of this country don’t actually agree with that concept. 

They believe Joe Biden and the Democrats aren’t governing the way that’s best for us.  At least 53% disapprove of the job Biden’s doing and 64% believe he’s too old to serve a 2nd term.  RCP average indicates 67% of the country believes we are headed in the wrong direction under Biden’s leadership.  Since things are not going as mapped out in 2020 the DNC has decided they must convince us the poor showing in the polls about the economy is just a misunderstanding of the facts and we are really experiencing a great economy, even though the latest poll shows 58% of the country disapproves of the job he’s doing on the economy. 

Believing what Obama said and taking a lesson from the Carter years they’ve put away the misery index and put in place the much more nebulous term Bidenomics.  Is it good or is it bad?  Since no one knows what it means the WH is advertising how great it is. Here is the definition of the Biden principles pulled from a recent CNN article and with it the principle result, (NOT pulled from the CNN article but pulled from Critical Thinking).

(BUT, THEY CHEAT AND LIE BIG TIME. Aren’t you tired of stepping in horse manure? Tim for law and order and the Constitution.)

                          Biden Principle                                                                    Biden Dictates

• Eliminate tax breaks for the rich                                           What defines who is rich?
• Grow the economy from the middle out and bottom up      More taxes for government investment
• Provide investment money for entrepreneurs and low-income wage earners       More taxes
• Corporation taxes will increase (pay their fair share)          Pass thru to the customers
• Invest in America                                                                   More taxes to fund investment
• Empowering and educating American workers                   More taxes to pay for education
• Promote competition                                                              Dictate revenue and profit

They’ll make public investments in America which is the same thing the Obama WH said every time our taxes increased.  These investments, like “The American Rescue Plan” are a way to increase the size of government and are in reality subsidies for “shovel ready jobs”, solar manufacturing jobs, (Solyndra for example), 35,000 new projects and $42 billion in funding for investments ranging from ports, and bridges to high-speed internet access.  In other words, no direct ROI only and expense that requires ever-increasing taxes.  If you aren’t part of the few industries mentioned your expenses just went up with no additional income relief.  Empowering and educating American workers is another expense with no direct ROI.  Instead of businesses taking on the education of its workers specific to their business the government will provide the education for jobs in the new industries.  Armed with this new education, the workers are now “Empowered” whereas before when they did it on their own they were not empowered.  Companies then hire these “Empowered” graduates and teach them again the specifics of the work that must be done.  It all makes sense just don’t think about it, (tic).   Finally, the WH under Biden will promote competition because we all know the marketplace doesn’t encourage competition where one company tries to entice more customers to use their services instead of the other company.  Likewise, companies never try to lower their expenses to generate more profit unless, of course, you are in the health industry or health insurance industry.  There they all know the government will reimburse or subsidize their expenses so they don’t need to lower their expenses. 

Instead of establishing general rules for people to follow and plan out the course of investment, Bidenomics intends to cherry-pick their favorite industries and incentivize them, while regulating and limiting others not on the most favored list.  Pity the investors who provided money for student loans or investors who purchased rental property, (business or retail).  Instead of allowing grassroots competition in the marketplace to incentivize corporations to become more efficient in their operations the government “competes” with private enterprises by setting minimum wage requirements and by providing out-of-work benefits greater than many starting salaries.  If you are in the energy industry and not part of wind or solar energy then too bad because there is no money available to borrow to expand your business.  In fact, your expenses just went up in order to meet some new arbitrary emissions standards or industry regulations.

As you read and hear stories from the Legacy Corporate Media reporting on Bidenomics you hear since Biden has been in office there have been 13 million jobs created.  Most, if not all, of those were jobs filled before the pandemic occurred and the question should be why did it take so long to restore those jobs?  Was it because of the supply chain? Why wasn’t it a priority to have these people return to work?  The answer is the Administration, Congress and most of the Governors are either incompetent or it is part of their ideology.  This would explain why the media finds ways to excuse the poor performance of the current economy. 

We find not all the Governors were incompetent as several states have excelled and grown their economies since the pandemic occurred.  These are the Governors responsible for the majority of the 13 million jobs Biden claims to have restored.  Curiously, (or not so curious), most are considered red states, (different ideology), with a smattering of blue states, (not incompetent), that opened early and didn’t necessarily buy into the full shutdown mantra.  Here is a short list of a number of other effects “Bidenomics” have had on us all:

• Spending up
• Inflation up
• Interest rates up
• Corporate bankruptcies up 93% YOY
• Businesses in dire straits 37% YOY
  • Can’t borrow
  • Can’t grow
  • Can’t hire
• Personal CC debt is higher and increasing maintain a standard of living
• Individuals reaching into 401K savings – 37% maintain a standard of living

The one thing in common between the Carter, Obama, and Biden administrations they all asked us and expected us to accept that we must do with less because it was part of the times we lived in.  It is the idea of shared comradery of suffering necessary for the common good of society as a whole. 

Carter’s motivations were probably honest given the contributions he made to his Habitat for Humanity but Carter’s level of effort has not been matched by Obama or Biden to this point. We’ve seen instead a lavish and privileged lifestyle from both families and no “shared sacrifice”. 

Obama famously said he didn’t have a magic wand that would make things better consequently the number of people living in poverty increased by 787,000 and the median family income increased a paltry $3,200 during Obama’s 8 years. 

Contrast this to the results seen in the Reagan and Trump administrations where tremendous growth occurred in employment and American resources.  In 2019, prior to the pandemic, median family income was at $73,000, up $4,600 in 2019 alone, 46% increase over the entire 8 years of Obama’s term.  This increase affected every racial group, black Americans rose 7.9%, Hispanic Americans 7.1%, Asian Americans 10.6%, and white Americans 5.7%. 

There were 4.1 million people lifted out of poverty as well in 2019.  Americans have learned to adapt to our circumstances even though we don’t accept them.  The economy we find ourselves with is the result of ideology and nothing more.  We have been told there is only one path forward, all other paths lead to complete annihilation of the planet.  In order to solve this we are told we can only work with what we have and shut down everything that doesn’t conform and do it now. 

As a society we have always been innovators and free thinkers, we are always looking to improve our standard of living.  When anyone asks us to accept less than our best for some common issue then we must question it, especially if the ones asking for the sacrifice are not participating in that sacrifice, like the Obamas, Bidens, Kerrys, or Pelosis……..  Working together we do not need to accept less.  Reagan proved this principle and Trump emphasized it in spades.  We have a way to improve ourselves and it isn’t what the ideology we are told to accept is proposing.  As we begin this next campaigning cycle do not accept what the media types tell you without question.  We grew under Reagan, some people think we improved under Clinton, (new innovation and technology had more to do with it than policy), we grew under Trump and we haven’t improved under the other administrations.  You won’t find any of this in the Legacy Corporate Media reporting, but you will if you visit the Bureau of Labor Statistics website and other sources like this. 

Thanks for taking the time to read this article.  I hope you found it entertaining and that it has encouraged you to think about the subject a little deeper.  This is still a great country and needs to be defended against those in the government who would tear it down.  Let me know your thoughts whether you agree or not.

kommmonsentsjane