This article was originally published on Conservative-Daily.com.
This week we’ve been exploring the myriad reasons to impeach and remove Joe Biden from office. Today, it’s the economy.
The Dow Jones Industrial Average dropped to its lowest level since 2020, plunging -486 points on Friday, giving investors a depressing start to their weekend. While the futures pointed to a muted open to the week, Monday the Dow lost another -329 points to close 20.4% down from its January high. Then Tuesday, it lost another 100 points to continue its fall into the bear market.
The Dow represents 30 of the most highly capitalized and influential companies in the US economy, which makes it the financial media’s most referenced US market index. It’s seen as a good indicator of general market trends.
The trends aren’t good.
“We printed up too much money, and just thought the party would never end. And the party’s over,” said Billionaire investor Carl Icahn at MarketWatch’s Best New Ideas in Money Festival last week.
In prepared testimony before two Congressional committees last week, JPMorgan Chief Executive Jamie Dimon seemed to concur, warning of economic “storm clouds” on the horizon.
According to testimony published last week by the House Financial Services Committee, the chiefs of the seven largest US banks prepared testimony highlighted their efforts to boost diversity and cut emissions to combat climate change. Dimon’s prepared testimony aligned to this misguided optimism, but fell short of full gaslight:
“At the same time, many Americans are being crushed by high inflation eroding real incomes, particularly from higher prices on gas and food,” Dimon wrote, continuing, “Many Americans are feeling the pain, and consumer confidence continues to drop.”
Back during the Presidential Election, before Democrats decided to cancel the debates because their candidate was an inarticulate vegetable, President Trump predicted this. “If he’s elected, the stock market will crash,” the 45th President said.
From The Daily Wire, “According to conservative polling group InteractivePolls, which posted the clip from the debate to social media, the tech-heavy NASDAQ had risen 44% once Trump was 612 days into his first term. At the same point in Biden’s tenure, however, the index has fallen more than 19%.”
In other news, gas prices have reversed their decline, with Fox Business reporting:
“The average price for a gallon of regular gasoline in the U.S. started rising again in the past week, after declining for nearly 100 days in a row during the summer driving season. The price on Sunday was $3.417 a gallon, according to AAA. That makes it five straight days of increases that began on Wednesday morning, when the price ticked up to $3.681 per gallon from $3.674 the previous day.”
Remember that, according to the Energy Information Administration, the week Biden took office, the national average price of a gallon of gasoline was $2.38.
In a meeting with his economic team Monday, Biden blamed gas stations, whining, “My message is simple. To the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product.”
Bring the prices down to reflect their COST? How dare those gas stations make a profit!
Greedy gas station owners must be the reason for high gas prices. It’s certainly not every single aspect of the Biden Administration’s energy policy. That would be too obvious.
Despite the overwhelmingly bad economic news – forecast and actual – the Biden Administration is continuing to gaslight the American people.
During Monday’s Press Briefing, PressSec Karine Jean-Pierre seemed proud of the economy as she discussed the Biden attending the meeting of his competition council, stating in prepared remarks that, “the president will highlight progress made on his competition agenda in the last year, which is helping lower prices for consumers raise, raise wages for workers and promote innovation throughout the economy.”
When a reporter asked about recent ABC polling that shows the Biden Administration as “deeply underwater”when it comes to the economy (-21 pts, in fact), KJP said:
“We are going to go out there…and talk about how we have delivered for the American people, Here’s a thing, when you think about Medicare, you think about Social Security, you think about the pieces of of legislation that we have passed they are very popular with the American people – with Republicans and Democrats – and so that is also important to note, we’re gonna keep getting out there.”
Um, OK. She continued:
“On Friday, as you all know, the president and vice president met with senior members of the economic team and got an update on the global economic developments as they regularly do. Our economic team reported that because of our economic strategy, which is focused on long-term growth and investment, increased manufacturing, and physical discipline, that we are able to navigate these challenging global times.”
We’d question whether it was Biden himself writing her words, but this was KJP off-the-cuff responding to questions. Maybe it’s contagious.
Remember that the press secretary speaks for the President. Lying to the American people got one president removed in the 1990s, did it not? #Precedent
Here is today’s letter to Congress.
American families are hurting, and the market trends are erasing family savings – and hope – across the nation.
Joe Biden couldn’t destroy the economy this spectacularly by accident. The policies driving this economic change appear designed to destroy American wealth. Given that Biden’s policies are nearly all driven by Executive Order, you, the Congress, are squarely to blame.
The Executive Branch couldn’t achieve this American downfall if the Legislative Branch were serving as a check and balance against it. Biden has assumed Congressional powers since signing 17 proclamations on his first day in office.
Congress, rather than protect against the overreach of the Executive Branch, has engaged in more expensive and illegitimate investigations of the former President and his supporters. Essentially, Congress has delegated its power to Joe Biden’s pen.
That is a dereliction of duty and violation of your oath.
We know you’re all watching the market plunge to its lowest levels since before Biden assumed office. If there is one thing you insider traders watch, it’s the markets.
Americans’ confidence and trust in their government has also plunged to the lowest levels since before Biden took office.
Examine your role in that, and remember your oath.
DEMAND FOR REMEDY: Impeach Biden and remove Joe Biden from office immediately.
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