The Federal Reserve panel sent a warning about the U.S. economy starting to suffer as the JoeBama administration starts to institute “America Last” policies. The financial media will not directly point to the Biden policy agenda as the primary source of the issue, but the background context of a new administration is exactly the difference.
Even during the worst aspects of the 2020 COVID-19 impact during the Donald Trump administration, the underpinning of the U.S. economy remained strong. However, now that JoeBama has taken office the 2021 COVID-19 impact is being used as an excuse.
WASHINGTON DC – The Federal Reserve on Wednesday struck a more somber tone about the U.S. economy, saying the recovery is weakening as the country waits for widespread vaccinations against the coronavirus.
“The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the Fed’s rate-setting committee said in its post-meeting statement. That contrasts with its observation last month that the economy had “continued to recover.” (read more)
Jobama new normal depression …………. so the air will be cleaner because nothing is happening in AMERICA …………
CHINA polluting in massive amounts………thats ok
Jobama has racial inequity team in usa …………. and gives jobs to China lets in illegals thru Mexico
CHINA uses slave labor ……..thats ok
Illegals dont need covid free release to come in but you need one to travel
JOBAMA and THE BRAVE NEW WORLD !!!
ChinaJoeBama!
In China they call it state capitalism. In the west they call it authoritarian capitalism.
Never let a crisis go to waste has allowed xiden and his dementor(crats) to put lipstick on authoritarian capitalism and call it the great reset. It boils down to an easy way to promote ideologies is to put power in the hands of a few selected corporations which are then controlled by an authoritarian government(s).
Biden’s puppet masters are treating millions of Americans like garbage, they could careless that their policies will destroy lives.
When you care for your own family, church and those in your community you set up a good base from which to show compassion to those further away.
Federal Reserve Warns Joe Biden Policies are Weakening US Economy. You think?
duh
in the words of my generation, “No $h!t, Sherlock!”
Some of what we are seeing now was inevitable, and even Trump couldn’t stop it. One of the aspects of his personality that I don’t care for (but works for most people and worked for him while he was in office) is he goes into rah-rah cheerleader mode fairly easily even in, or perhaps especially in, tough times. That optimism fueled hope for businesses that were failing because of the government lockdown. But with the Christmas shopping season over, those businesses can no longer choose hope over reality. We are only now beginning to see those costs. The ones from December will take another 3-9 months to materialize as the bankruptcy filings and job losses accumulate.
What was lost when SCOTUS refused to hear the legitimate case that the election was stolen was the possibility that the same optimism Trump had would fuel the recovery. The Dems and the LSM hating on him only exacerbates that problem.
Where Dementia Joe the Chicom Puppet is even further exacerbating things is killing precisely those sections of the market that revived the economy under Trump. Planned or accidental only matters to philosopher-king types. Regardless of which it is, it is destroying the country. The only way to stop it is to cut it out like the aggressive cancer it is. That means not just Dementia Joe the Chicom Puppet and his Kneepad Queen, but pretty much the entire DNC and the LSM, and at least half of SCOTUS which ignored their constitutional duties and existing precedents when opting to deny writs of grievance against the government.
They are ending poverty by destroying the Middle class and all of us will be living in a GOVMENT ONE SIZE FITS ALL, SUBMIT OR DIE HELL-HOLE!
No thanks.