Yes, the U.S. Economy Continues to Move in the Wrong Direction…

June 27, 2023

by Michael Snyder The Economic Collapse Blog

Despite so much evidence to the contrary, the Biden administration continues to insist that the U.S. economy is on the right track. But is that really true? Thanks to the Federal Reserve, interest rates are now much higher and the money supply has been contracting at the fastest pace since the Great Depression. As a result, large companies have been conducting mass layoffs, the housing bubble is imploding, and economic activity is rapidly slowing down all over the nation. But if you ask Joe Biden and his minions, what we are witnessing is all part of the plan. In fact, they continue to speak of “Bidenomics” as if it is a good thing…

Monday’s announcement is part of Biden’s greater push for his economic plan dubbed ‘Bidenomics,’ which ‘is rooted in the simple idea that we need to grow the economy from the middle out and the bottom up – not the top down,’ Dunn and Donilon wrote.