Comments by "Major Moolah" (@majormoolah5056) on "Biden's 2024 prospects slip even as Democrats make gains | US Politics In: 60" video.

  1. Here is a bleak number for you. US took on $700 billion national debt in the last six weeks. If you annualize that, you got a $5 trillion yearly deficit! Here is another bleak number for you. In the last jobs report, US lost 35,000 manufacturing jobs, despite all the talk about "re-industrializing America." And the number of people with multiple jobs is at a record high! Between all the government hires and multiple jobs, yeah you get big job numbers but that is not the whole truth. Credit card debt is at record highs too, at $1 trillion I believe, not to mention delinquencies that are also rising. We have had during every presidential cycle since 1945 at least massive stimulus spending to make the economy look good! You can go back and check, its one of those crazy features of the US political system. And then you have high inflation rates and a recession -- but with the presidential cycle the recession is in the election year -- so Biden takes on debt and spends money, which boosts inflation! I cannot understand these political scientists who look at the GDP growth and then basically say that people are too negative to understand how great the economy is, when almost everyone is living paycheck to paycheck. I have not even gotten into the absolute monster bond auctions we need in 2024. I would be incredibly surprised if we do not have a deep recession or worse next year.
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