Bankrupt Bidenomics & Surging Bankruptcies
Epic Bankruptcy reports commercial Chapter 11 “reorganization” petitions surged 68% in 1st half of yr, mostly by small businesses, while individual Chapter 13 repayment plans jumped 23%. Yet Joe tells us economy breaking records? What kind?
As Epic VP Gregg Morin told Fox Business, “This trend points to the economic trials businesses are facing right now, which are impacted by rising interest rates, inflation & increased borrowing costs, to name a few.” Meanwhile, President Biden keeps repeating what even his liberal mouthpiece, The Washington Post, calls the “Bottomless Pinnochio,” i.e., that he CUT mushrooming budget deficit by $1.7 trillion (instead of INCREASING it by more than a trillion) since becoming Commander in Chief.
The so-called “Bidenomics” is killing the country & its people in various, well-documented ways, including the latest bankruptcy news, yet the president & his MSM apologists continue to spew gobbledygook explanations of their “plan”. Take for instance CNN’s talking point that “Bidenomics … is aimed at bringing connectivity to more Americans & closing the digital divide … comparing it to President FDR’s answer to the Great Depression. Yet, even CNN concedes Americans ain’t buying the sales pitch and are “struggling” with the reality they see in their every day lives. It cited its own recent poll show that that “two-thirds of Americans disapprove of how he’s handled the economy, [while] just over three-quarters feel the economy is in poor shape.” Don’t bankrupt policies invariably result in deflated polling numbers?
Davd Soul
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