It's Not the Creepy Whisper - It's the Economy

AP Photo/Evan Vucci

POTATUS keeps touting his letter writers and signees as proof in the pudding for whatever wool he's trying to pull over the public's eyes. As if Expert™ testimonials that Joe's a Good Boy aren't enough, he always has to resort to "Guess what?" a dare, and his patented creepy-asterisk whisper to deliver the message.

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I mean, geddoudaheeyah with that tired crap already.

If his economic experts were anything like his 51 Intelligence Experts™, which they undoubtedly were, it would explain why his cherished #Bidenomics reality does not begin to jive with Americans' everyday experience of what his policies have done to the economy they have to live with.

All the whispering in the world while waving certificates of appreciation from party apparatchiks does nothing to bolster the case for one's economic competency when one of the fastest-growing pastimes on social media is posting the eyewatering sums on checkout receipts for the family groceries. These are the everyday people the Biden campaign needs in their corner cooing about raising a family with Pater POTATUS in the White House and, instead, these folks are snarling for the world to see.

Parents say sky-high grocery bills are leading to 'drastic readjustments' at home

Parents are expressing their disbelief and frustration regarding the cost of food, with shoppers now posting their massive grocery bills to social media as part of a growing trend.

In one video, a man shared his receipt from a Trader Joe's in Westlake Village, California, as an example of how much money it costs to feed six kids for 10 days.

"Oh, my God," the man said as he scrolled down the $444.38 bill.

Last month, a TikTok influencer, who goes by the handle alchanning, labeled the summer grocery bill the "real mom struggle" of 2024.

..."Parents sharing their grocery receipts on social media is something that touches my heart. Besides, they not only demonstrate financial hardships experienced by many households but also encourage camaraderie among mothers and fathers. These posts are open and candid, bringing to light an important matter that deserves attention and solutions," he said.

"In addition, these escalating prices require drastic re-adjustments at home as well as in my business," Brar added.

..."It is a delicate balance between maintaining quality and nutrition and at the same time avoiding bankruptcy," Brar continued. "It is my view that [the receipt trend] underpins some of the wider economic challenges that many families are currently confronting. It further emphasizes the need for policy changes as well as community support systems that could ease parental pressures when it comes to caring for their own children's needs."

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There are ominous signs in the world of the happily or plan-to-be retired, too. I would bet a fair number of them surely voted for POTATUS because of Trump's irritating and unpolished ways. Retirement savings were doing great, and taxes weren't at all onerous while Trump was president - that's true. But goodness - his speech was so rough and his mannerisms so pugnacious as he bull-rushed his way across the world stage, many citizens of a certain age felt it was time to turn to a more refined presidential figure - an "adult" as he was advertised. 

"Decency on the ballot" and all that.

"Decency" was a blatant lie, and the geriatric cadaver we actually got is a mockery of "adult." I hope the blue-haired blue voters are happy with their bargain because #Bidenomics has not been decent to them or future retirees.

An increasing number of Americans are making emergency "hardship withdrawals" from their 401(k) plans to avoid eviction or foreclosure, according to new data from investment and retirement giant Vanguard. This trend raises concerns about the looming retirement crisis and questions the robustness of the current "economic boom."

Vanguard reports that the number of hardship withdrawals per 1,000 savers soared about 40% last year and has doubled since 2021. The primary reason for these withdrawals is to prevent losing their homes. "In 2023, 39% of hardship withdrawals were used to avoid a home foreclosure or eviction, up from 31% two years earlier," Vanguard reveals.

What is most alarming is that these withdrawals are happening during a period of economic growth, where the unemployment rate has been below 4% for over two years. The rising demand for emergency cash to avoid eviction or foreclosure indicates that consumers are not just struggling with inflation but also with the increasing costs of housing and high interest rates.

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Charge-offs, or when a creditor writes off an account as being unrecoverable, are beginning to climb.

Some fangirls were relieved to see their hero so steady on his feet.

Everyone has a bad day.

And the MSNBC  and media fanbois will keep rah-rahing POTATUS as things go south because that's what they do...

...after they get their whispered instructions.

Anyways...




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John Stossel 8:30 AM | December 22, 2024
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