It’s not going well for Joe Biden as far as the domestic policies are concerned. Of course, we know he’s an utter failure on the world stage through his monumental screw ups in Afghanistan and other foreign polcy foibles. But the latest job numbers should be worrying a lot of Americans right about now.
In case you missed it last Friday, the jobs numbers came in at 235,000 jobs created during the month. Now, why in the world would almost a quarter million jobs be added to the roles be bad? After all, it dropped the unemployment rate from 5.4% to 5.2%! Well, they were expecting 720,000 new jobs to be created in August. Yeah, that’s like a half million jobs less. It’s like taking a test, and instead of acing it, you pulled a D-.
There is more bad news that should haunt every American. Wages grew at a rate of 4.3% year over year. Why is that bad? Because for the last two months our inflation rate has been 5.2%. That means that yes, you got a raise…congratulations. So instead of making $100, you’re now making $104.30. But that loaf of bread that you want to buy at the grocery store, that last year was $1 is now $1.06. You are getting a raise but still losing money. Your buying power just headed south by 0.9% in August. Now how good do you feel?
Since Biden took over, we’ve seen inflation that had been coming in at about 1.3% per year increase to a rate of about 5.2%. There’s a simple explanation as to why that’s happening. When you print a lot of money, more than say, you’re replacing because the dollars are getting old and ragged, you are adding more pressure to the inflation rate to rise. That’s simply because more money means more supply. More supply means the dollar is worth less. And that means it’s going to cost more to buy what you want than it did last year at this time.
Say what you will about Donald Trump. He wasn’t a “savior” by any means, but he was able to keep inflation in check. He had it in a very manageable state. You recall hearing Democrats saying recently that “some inflation is a good thing”? Well, they’re actually right. You need some inflation to maintain our economy. However, you don’t want runaway inflation. And when something costs you 5% more this month than last month, you’re looking for trouble. You can’t sustain this pace.
And that is the problem with all of Joe Biden’s domestic agenda. He wants to spend trillions on “stimulus” due to COVID. He wants to spend $3.5 trillion on his bloated budget next year. And he’s looking at trillions more with infrastructure, which is basically been redefined so Democrats can call anything they want “infrastructure”.
That’s the problem we face in today’s society. We’ve certainly got our problems overseas in our foreign policy department. And we were just slapped across the face with the news that not only aren’t we putting people back to work quick enough, but we’re printing way too much money. And the solution is simple. You need to stop rewarding people with unemployment benefits if they can at all work. We’ve got over 10 million jobs out there waiting to be filled. 5.2% of our population is sitting on the couch watching Oprah Winfrey rather than finding those jobs. And Joe Biden wants to reward them for doing that by sending them more money every month in their unemployment checks. Hell, I would have stayed home too if I could make more money without doing anything. I’m not an idiot. But you have to stop that in order to get the employment figures in line, and you’ve got to stop printing money in order to get the inflation numbers in line.
The big question is, does Joe Biden even realize what he’s doing? More and more people think not. The good news for people like Jimmy Carter, and Bobo Obama is they are about to add another member below them to the worst presidents in history list.
Carry on world…you’re dismissed!