Suddenly, it's all become very clear. There's a reason why Bidenomics is so terrible.
Of course, I don't have to tell you that Bidenomics isn't working. You know it every time you go to the supermarket or the gas station. You feel it when you pay your bills and when you look at your bank account. You scoff every time Joe Biden insisted that "Bidenomics is working," as if you couldn't see for yourself that it most certainly isn't. The Biden administration likely knows it, too, which is why you aren't seeing "Bidenomics" showing up in its messaging these days, and the monthly jobs reports appear to be inflated.
How did things get this bad? It stands to reason that Biden legitimately would want the economy to improve on his watch because it makes his case for reelection that much easier. Yet, despite assuming office in the middle of a recovery, Biden managed to make a big mess of the economy.
Related: Is the U.S. Already in a Recession?
In a recently aired documentary "Finding The Money," Joe Biden's top economic advisor, Jared Bernstein, proved that he has no clue about economics whatsoever, and stuttered like a fool trying to answer a basic economics question, about why the government borrows money when it prints its own.
“Like you said, they print the dollars. So why, why does the government even borrow?” the interviewer asked.
“Well, um, the uh … so the … I mean, again, some of this stuff gets — some of the … language that — some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why … um … the government definitely prints money and then it lends that money by, uh, by selling bonds. Is that what they do? … They, they uh … they, yeah, they um … they sell bonds … yeah, they sell bonds. Right? Since they sell bonds and then people buy the bonds and lend them the money."
Are you following this?
"Yeah, I mean I can’t really talk about it," he continued. "I don’t get it. I don’t know what they’re talking about because it’s like, the government clearly prints money. It does it all the time, and it clearly borrows. Otherwise we wouldn’t be having this debt and deficit conversation. So, I don’t think there’s anything confusing there.”
This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy.
— Arnaud Bertrand (@RnaudBertrand) May 3, 2024
Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policypic.twitter.com/1b31FPFPCQ
That's quite frightening, isn't it? This is Biden's chief economic adviser, and he may have actually made Joe Biden sound coherent by comparison. This guy clearly doesn't have a basic understanding of economics, yet he's advising Joe Biden. It all makes sense now doesn't it? It's the blind leading the blind. And you know who has been paying the price for it? All of us.
