Inflation's up... credit card debt tops $1 TRILLION ... and Americans drain 401(K)s to make ends meet... Yet Joe dares demand our thanks for 'Bidenomics'? His fiscal insanity plunged us into this crisis
https://www.dailymail.co.uk/news/ar...flation-credit-card-debt-401K-Bidenomics.html
The credit rating agency Fitch recently downgraded its rating on U.S. debt from a top-tier AAA score to AA+ because it expects 'fiscal deterioration over the next three years.'
Fitch is projecting 'tighter credit conditions, weakening business investment, and a slowdown in consumption' pushing the U.S. economy into a 'recession' at the end of this year or the beginning of 2024.
That doesn't really sound like the best of times either.
Even Steve Schwarzman, CEO of the world's largest asset manager, BlackRock, Inc., admitted that 'the numbers justify [the downgrade], regrettably.'
Is it any surprise that the American people have noticed?
A mere 37 percent of Americans approve of Biden's handling of the economy in the latest CNN poll. Two-thirds of Biden's 2020 voters surveyed by Reuters/Ipsos said the economy was 'worse' or 'about the same' as it was in 2020 during the pandemic – under President Trump.
