A survey released on Wednesday by Rasmussen Reports has revealed that a whopping 41 percent of Americans admitted their financial situation is way worse than it was six months ago, a testament to the failure of President Joe Biden’s economic plan. In fact, Biden’s plans have caused inflation to sky rocket, making the cost of basic goods go to obscenely high levels. Going to the grocery store has become a painful, disheartening experience for average people.
Check out more details concerning the poll from Newsmax:
The survey of 1,010 adults, conducted on Dec. 6-7 and 10, found that just a quarter of Americans expect their situation to improve in the months ahead; 38% say their financial situation has stayed about the same.
The margin of sampling error is plus/minus 3 percentage points with a 95% level of confidence.
Other recent polls on finances had similar findings.
A Harris Poll conducted in mid-November found that 53% of Americans said their financial situation worsened in 2023, with 46% saying they expect to have credit debt heading into 2024.
This is really bad news for President Biden as his polling numbers continue their steep dive to the bottom of the proverbial toilet bowl. You can say what you want about former President Donald Trump’s penchant for mean tweets, which, at times, seemed a bit on the childish side, but he was great at putting in place economic policies that allowed the free market to flourish.
Many individuals, including yours truly, had their best economic years during the Trump administration. That all changed almost immediately after Biden took over in January 2021. His first action was to trash the Keystone XL pipeline, wiping out hundreds of jobs and causing the cost of oil and fuel to rise significantly. It’s not really come down all that much since, either.
When it does dip in price, it’s because Biden has called up more barrels of fuel from our reserves. That’s bad. I shouldn’t have to explain that, but yet, here I am.
Add to that the crazy out of control government spending during COVID when Biden was tossing money in every direction, plus the cash sent to Ukraine, and inflation goes up. The government seems to be under the delusion that it has a license to simply print money in order to pay the bills, which is exactly what they are doing, despite the fact such action devalues the dollar.
Under Biden, we’re spending more and printing more money, adding to both the national debt and inflation rate in record number. This is bad leadership. Fundamental economics are all that is needed to put us on the right path. You reduce spending, get on a tight budget, and don’t increase any of said spending until the debt is paid off. Simple.
But that’s not what Biden is doing. He’s either putting principles in place that make things worse, or he does nothing at all. The American people are sick of suffering. They are sick of watching the hard earned money they make at their jobs being stripped from their paychecks before they even see it and it being sent overseas to fund foreign wars.
We need a better leader in the White House.
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