'Excessive stimulus is a dead weight on the economy. Bidenomics is an economic failure. But Bidenomics is also authoritarian.' -JamesY54939
Higher interest rates harm households looking to purchase consumer durables, particularly vehicles. Higher interest rates have priced many would-be home buyers out of the housing market. The spread between household incomes and the cost of buying a home is at aMost people have credit cards. The cost of borrowing on credit cards is going higher. Credit standards have tightened. Some workers and households can no longer afford to pay by card. Credit card delinquencies are rising.
over a 10-year period. Spiraling deficits cause interest rates to increase. Household consumption deteriorates. The cost of capital for business increases. Business investment suffers. Excessive stimulus is a dead weight on the economy. Bidenomics is an economic failure.The president’s new vehicle mileage regulations will hollow out the vehicle manufacturing industry. Car manufacturers will only be able to meet the higher mileage requirements by selling more electric vehicles, EVs.
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