Biden likes to brag about his economy (during those 30 hours a week he works), but, even the far, far left Nation said he should stop all the way back in October 2022. Of course he boasted during his barely watched state of the union. Yet, unfortunately, things are not getting better
With car repossessions and home foreclosures rising, some Americans are living on a financial cliff
…
LeSage is among a growing number of Americans who have found themselves confronting financial hardship as the U.S. economy has slowed. On Thursday, the U.S. Bureau of Economic Analysis reported gross domestic product fell to 1.1% in the first quarter, the lowest reading in nine months. The GDP is the value of the final goods and services produced in the country and a strong indicator of how healthy the U.S. economy.
The slowdown is starting to show up in Americans’ personal finances. According to a recent survey from Bankrate, 49% of U.S. adults have less savings compared to a year ago. Ten percent of those surveyed said they have no savings at all.
The upshot: The most disastrous outcomes for U.S. households, like auto repossessions and home foreclosures, have begun to climb.
“As a result of the expiration of government stimulus and current [economic] headwinds, we have seen delinquencies ticking up in this space over the last several months,” said Margaret Rowe, a senior director at Fitch ratings group. (snip)
Meanwhile, home foreclosure filings have begun to surge. According to data from ATTOM, a property analytics company, U.S. foreclosure filings totaled 95,712 in the first quarter of 2023. That’s 6% higher than in the previous quarter and 22% higher than a year ago.
You know what name is never mentioned in this NBC News piece? You got it, Biden. In all fairness, this is not all his fault. The root cause is named China, who were messing around with coronavirus, along with Fauci and the NIH who funded it. Then the idiots who locked everything down here and around the world, and those who dumped too much money, then did it again and again. And passed laws that do not help the economy. Democrats were not focused, and a lot of that is coming back to haunt the economy. Biden couldn’t care less.
Fortunately, Biden has his eyes on Sudan
As countries wind down mass evacuations of their nationals from war-torn Sudan and the White House warns time is running out, the United States is undertaking its first effort to move hundreds of private Americans citizens out of Khartoum.
A U.S. government-organized convoy carrying U.S citizens, locally employed staff and nationals from allied and partner countries arrived at Port Sudan on Saturday, according to the State Department.
Late as usual.