If there was one segment of America that wasn’t harmed by the COVID pandemic and Biden’s reckless policies, it’s been the stock market. The government’s constant injections of tax dollars into the economy ensured that the richest among us would fair quite well. While waiters and small businesses lost their income, stock brokers only saw major gains after the drop in February 2020.
That didn’t change when Biden entered office and triggered inflation. The wealthy used the government’s cash to keep the gravy train flowing, for them at least. But it looks like the good times are coming to a painful end. Inflation, the supply chain crunch, and the Fed finally increasing rates is catching up with the stock market.
And it looks like Biden’s recession is not far behind.
Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market.
Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday appears to be no exception. [Source: Breitbart]
It’s finally dawned on investors: Bidenomics is not good for the country. Biden’s America-last agenda has created or neglected a variety of crises. And while big business and investors have largely profited off the pandemic and Bidenflation, that wasn’t going to last.
Investors are feeling the pinch as they watch the value of the dollar drop. And they are selling off stocks they no longer believe will perform well. The aftershock of such moves will be felt throughout the economy. Fears of Biden’s failures, bowing to the radical left and globalists, will hit everyone’s pocketbook.
A decrease in stock values will impact large and small companies. They will have fewer resources to expand, including hiring new workers. Some will refuse to give out pay increase. And many others will lay off large swaths of employees, to stay afloat.
All of this could have been avoidable. By the end of 2020, the economy was recovering. The government was ending payouts as states reopened. We saw a surge in new hirings and Americans were comfortable enough to spend again.
But Biden slammed the breaks on all of that. And, to make matters worse, his has created more problems through massive government spending, extreme regulation, and an overall lack of leadership and ability.
Author: Kit Fargo
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