Joe loved to brag about all the gains in the Stock Market because of his fantastic economic management skills. Not so much now. In fact I don’t think he’s mentioned the Market for maybe 3 or 4 months.
As I’ve said a time or two before, old Joe does like to blame others…many others. Well it is the old cause and affect. He intentionally drove the price of oil up. That in itself started the inflation. When you drive up the cost of the one most important commodities, everything else must go up…that is called inflation.
Then, to make matters worse, he started printing money. When I was in high school, I learned better than that. It’s simple. The less you there is of something, the more it’s worth. When Joe started printing dollars like Monopoly money, it started approaching the value Monopoly money.
It’s not so much that groceries have a greater value but the dollar is worth less. There are far more of them.
Finally, there is a long known pattern. As the inflation went up, it started driving stocks up. But it is a false economic growth and the stock growth is followed by massive decreases in the value of stocks. It is the big part of what caused the market crash of 1929. If you recall, there was a massive growth right before the crash.
Now the DOW Jones Industrial Average has a value lower than when Joe started ignoring his oath of office. It is a tad over 30 thousand. Worse, those are 2022 dollars, which have a real value at least 8 percent less than 2020 dollars. That means we lost even more than the apparent loss.
Of course Joe doesn’t mind. He won’t admit it but that is part of the plan. He wants to ruin this country. He is a socialist and socialism does not mix with our capitalism or our Constitution. In order to establish the socialist government he must do away with the rights and freedoms we treasured for over 2 centuries.
It is why President Trump angered them so. He just almost put a stop to their plans. I will guarantee, you will draw their anger too if you stand in their way.