Staff Reports
MSNBC has finally piped up about the evident chaos lurking beneath the glossy surface of the Biden-Harris economy. Helaine Olen, a writer for the liberal channel, was taken aback—though it’s hard to know why, considering the economic train wreck has been evident for some time. According to Olen, while the economy may seem “basically fine” at first glance, the reality is that trouble is brewing just below. This is the media’s version of discovering fire after watching the cavemen cook their dinners.
If the economy were truly doing as well as Biden’s team likes to claim, it wouldn’t require talk of crisis-level rate cuts just two months before an election. The Federal Reserve usually tinkers with interest rates gradually, but it seems they’re scrambling to avoid a full-blown disaster. When even the Fed is hinting that things aren’t quite right, it’s time for a serious reevaluation. It looks like those cheers proclaiming the economy as the “Greatest Ever” are starting to lose their gusto.
Olen, while late to the party, did touch on some glaring indicators of economic decline. Retail sales might be rising ever so slightly, but dining out and travel—the non-essential joys of life—are experiencing a flatlining decline. Families are tightening their belts, which away from the warm glow of “essential” expenses means less frequent restaurant outings and vacation getaways. One can almost hear the cash registers weeping.
Let’s not even get started on the concert industry, where the glitter is dimming and even major acts are struggling to fill seats. Suggesting a double bill of Elvis Costello and Daryl Hall sounds more like an ad for a retirement community than a major concert tour. The nostalgia tour is quickly becoming a desperate venture to lure in audiences with two-for-one deals—because who doesn’t want to relive their glory days with a side of crummy seats? This is what happens when people have to choose between catching a show and catching up on bills.
WHOA: Even MSNBC Just Admitted the Biden-Harris Economy Is in Troublehttps://t.co/kygnl7L2MV
— PJ Media (@PJMedia_com) September 19, 2024
Then there’s the reality of rising credit card debt and delinquency rates. Despite the brief respite of lockdown savings, a reckless spending spree has brought consumers back to the hard reality of living paycheck to paycheck. High-interest rates, inflation, and stagnation, courtesy of the administration’s decisions, have led to a maelstrom of economic struggle. If they had just left the economy to find its footing, the recovery might have buzzed along nicely, but the Biden-Harris agenda seems determined to handcuff growth in the name of regulation and mismanaged funds.
All eyes are now on November, where the results will surely echo long after the votes are counted. Regardless of who emerges victorious, the American people can expect to be hungover from the Biden-Harris economic rollercoaster, and it’s likely to be a wild ride into reality. So, as the dust settles from the election, there won’t be much time to forget the debacle that these years have spawned; the evidence will be lurking in wallets and bank statements for all to see.
