Thank goodness there are no more mean tweets!
Biden’s ‘Accomplishments’ So Far: A Troubling Tale In 8 Charts
Months after President Joe Biden supposedly “rescued†the country from the COVID-19 pandemic and promised that he’d bring the country together, how is the nation doing? Well, there are several indicators on the rise. Unfortunately, they are all indicators of trouble.
The news Thursday that the GDP gained 6.5% in the second quarter (the first full quarter since Biden signed his American Rescue Plan) is good. But it is well below economists’ forecasts. The Blue Chip Consensus forecast was above 9%, and other surveys pegged Q2 growth at 8.5%. It was also just barely above the gain in Q1 — which was before any of Biden’s policies had taken effect.
Still, other things are on the rise under Biden, too, many of them well above expectations.
The misery index is up, for example, so is inflation, pessimism, and financial stress. Illegal border crossings are up and murders are way up. Oh, and cases of COVID-19 — the disease Biden said he would slay — are increasing again.
Naturally, while taking credit for the good GDP number, the Biden administration is trying to pin the blame for all these other things on President Donald Trump. But how convincing can that be, when Biden ostentatiously broke with just about every one of Trump’s policies and did so in ways that had an immediate effect?
How about inflation?
Even liberal economists were warning that Biden’s spending spree — coming after two historically large stimulus bills under Trump and long after the COVID recession had ended — would set off an inflation spiral. And what do you know? Energy costs, food costs, and the costs of most everything else are climbing at a rapid clip, despite promises from Biden that the current spike is transitory.
The combination of high unemployment and soaring prices back in the 1960s gave rise to the Misery Index, which is derived simply by adding the inflation rate to the unemployment rate. As we reported recently, the Misery Index has climbed every month since Biden took office.
The misery index has gone from just under 8 to just under 12 since January. Then you have the Stress Index, which is whether people feel more stressed, less stressed, or the same over the last three months. It’s gone from 57 to 62.
For pessimism, when thinking about the next 12 months, it’s gone from 36% in April to 55% in July. Real wages have dropped from $11.41 in January to $11.22 in June.
Biden can hardly blame Trump for the sharp rise in violent crime, either, although he and his fellow Democrats keep insisting that it’s all because of insufficiently strict gun control laws. The real cause, of course, has been the demonization of the police by Democrats (up to and including Biden), and the often successful attempts to cut police department funding while hamstringing officers. The result has been a huge increase in murder and assaults in the nation’s major cities.
Both are up quite a bit from last year.
Border apprehensions are way up, thanks to basically inviting illegals/migrants to show up. Of course, most are just being released. And COVID is going back up up up.
We have no doubt that Biden was very much hoping one day to tell the public how he killed COVID and saved the economy (just as he once bragged that “Osama bin Laden is dead and General Motors is alive†while he and President Barack Obama where in the White House).
The way things are going right now, Biden might one day have to admit that “the economy is dead, but COVID is alive.â€
Americans supposedly voted more for this guy than Trump. Are you enjoying this? Is this what you wanted? If you voted Biden, own the failure.
