Inflation for hurting American consumers exploded under Joe Biden. Just a little over a year ago, it was at 9.1% – costing people thousands of dollars a year more just to live the same lifestyle they had a year or two earlier.
The response was for the Federal Reserve to surge interest rates, which cost any consumer who has a credit card or financing for a car or home even more. Even now, inflation is down from a year ago, but remains far above the government’s goal. Blame it on Joe Biden.
That’s according to JP Morgan Chase CEO Jamie Dimon who was interviewed by the Economist. A report at the Daily Mail confirmed that Dimon questioned the effectiveness of “Bidenomics,” previously known as “Bidenflation,” and “blamed Joe Biden’s $5 trillion economic stimulus for causing inflation.”
Biden has been scheming to raise a lot of taxes, especially on the wealthy “in order to invest in the middle class,” the report said. That’s opposite the wildly successful plan used by President Ronald Reagan to grow the economy during his White House days.
“I’d be careful about that,” Dimon said of Biden’s agenda.
He said Bidenomics is more of an industrial policy, to help particular industries. He’s opposed those in the past, but sees them now as usable within a few narrow confines like national security.
“If it relates to supersonic missiles, I think we should do it. If it relates to holding down the Chinese people, I think we shouldn’t do it,” Dimon said. “There shouldn’t be social policy around that, it shouldn’t be political it should be purely economic.”
He also was critical Biden’s massive stimulus spending. He has continued concerns with inflation, which spiked nearly to the double digits just a year ago. And while that rate has slowed somewhat, those price spikes that hit consumers so hard then now are the base level for the new price surges they are seeing now.
Biden, as the octogenarian campaigns for another four years in office, has been promoting his “Bidenomics,” which involves a lot more taxes.
However, polling shows Americans widely dissatisfied and unhappy with Biden’s work on the economy. Nearly half have confirmed they are “a lot worse off” since Biden took office and largely abandoned economic goals of President Trump.
Biden’s first term has focused largely on promoting the LGBT, specifically the transgender, ideology, as well as abortion.
Article cross-posted from WND News Center.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
