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Lets Be Honest: The Economy Is NOT Doing Well
Predictably and appropriately‚ the establishments head-in-the-sand economic strategy is coinciding with a notable decrease in support for the Democratsthe establishments preferred party these days. President Biden is behind in the polls in six of the seven swing states and is losing support from working-class and nonwhite voters.The American economy is not all right. But to see why‚ you need to look beyond the dramatic numbers we keep seeing in the headlines and establishment talking points.Take‚ for instance‚ the latestjobs report. For the third month in a row‚ the American economy added significantly more jobs than most economists had been expectinga total of 303‚000 for March. On its face‚ thats a good number.But as Ryan McMakenlaid outover the weekend‚ things dont look as strong when you dig into the data. For instance‚ virtually all the jobs added are part-time jobs. Full-time jobs have actually been disappearing since December of last year. In fact‚ as McMaken highlighted‚ The year-over-year measure of full-time jobs has fallen into recession territory.Also‚ most of these new part-time jobs are going to immigrants‚ many of whom are in the country illegally. There has beenzerojob creation for native-born Americans since mid-2018. While immigrants are not harming the economy by working‚ the scale of new foreign-born workers has papered over the employment struggles of the native-born population.Further‚ government jobs accounted for almost a quarter of those addedway above the standard ten to twelve percent. Just like with government spending and economic growth‚ government hiring boosts the official jobs number whiledrainingthe actual‚ value-producing economy.Winter Sun Plus is NOW 25% off! Boost your natural defenses with this powerful vitamin D3 and K formula!Some economists‚ likeDaniel Lacalle‚ argue that the US economy is already experiencing a private-sector recession but that government spending and hiring are propping up the official data enough to hide it.A recession is inevitable‚ thanks to the last decade of interest rate manipulation by the Federal Reserveand especially to its dramatic actions during the pandemic. The recession-like conditions in full-time jobs is further evidence that Lacalle is right.But jobs numbers are only part of the story. The stock market has beenfluctuatinga lot recently‚ not because of changing consumer needs or the adoption of some new technology‚ butbasedon what Federal Reserve officials are saying about what the central bank will do this year.At the same time‚ prices are still high. And they continue to rise at a rate that frustrates even some of President Joe Bidensbiggest economic cheerleaders. Our dollars are worth about 20 percent less than they were four years ago‚ with no prospect of that trend reversing. That hurts.But instead of addressing this economic pain‚ much less their role in creating it‚ members of the political class are still pretending everything is great. Theyre even gearing up to make things worse by‚ for example‚ sending even more of our money to the Ukrainian government. All to prolong a war its losing‚ not because of a lack of money‚ but because of alack of soldiers.And at home‚ President Biden is scrambling toput the brakeson energy production and totransfer moneyfrom the working class to his base of college graduates‚ all before hes up for reelection in November.Predictably and appropriately‚ the establishments head-in-the-sand economic strategy is coinciding with a notable decrease in support for the Democratsthe establishments preferred party these days. President Biden isbehindin the polls in six of the seven swing states and is losing support fromworking-classandnonwhitevoters.The political establishment and its preferred candidatesdeserveto lose support‚ not only for failing to acknowledge Americas economic problems but for causing them in the first place.Learn Why The Globalists Are Killing Their Own Monetary System