Just imagine Neil Cavuto’s eyes rolling into the back of his head as Tiana Lowe Doescher takes the stage on Your World to tout the fourth quarter gross domestic product as President Joe Biden’s magic ticket to a second term. Are we really supposed to buy into this liberal hocus pocus? Lowe Doescher appears to be living in an alternate universe where up is down, left is right, and Biden’s economic policies are a resounding success. But let’s break this down, shall we?
Lowe Doescher’s claim that Biden is riding high on the “boon” of this GDP report is about as believable as a unicorn sighting in Central Park. Sure, the Fed might hold off on interest rates for a hot minute, but at what cost? We all know that government spending is just a fancy way of saying “throwing money down the drain,” and we’ll be paying for it in the long run. And let’s not forget about the looming threat of inflation hanging over our heads like a dark cloud. If Biden thinks he can coast to reelection on the fumes of an artificially inflated economy, he’s got another thing coming.
But wait, there’s more! Lowe Doescher goes on to rave about the S&P 500, conveniently sidestepping the fact that much of the growth is thanks to a handful of tech giants. It’s like she expects us to ignore the fact that the rest of the stock market is struggling to keep its head above water. But I guess in Lowe Doescher’s world, we’re all supposed to be dazzled by the shining stars of Apple, Microsoft, and Google while the rest of the market is left in the dust.
And to top it all off, she has the audacity to compare Biden’s economic outlook to the golden days of President Donald Trump. Is she serious? Just before the coronavirus pandemic threw a wrench into the works, Trump had the S&P boasting a 36% annualized return. That’s the kind of economic prowess that Biden can only dream of achieving.
So, while Lowe Doescher may be singing Biden’s praises and waving the flag of economic prosperity, it’s clear to anyone with half a brain that the reality is far from rosy. Stick to the facts, Tiana, and leave the fairy tales at the door.