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At 6 Months, Biden Fails His Economic Report Card

Posted on Wednesday, July 21, 2021
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by Outside Contributor
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32 Comments
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wealth taxSix months into his presidency, President Biden is getting an “F” on his report card. Here’s a breakdown:

Job growth is slowing down.

  • Despite huge advantages of the re-opening economy, life-saving vaccines, and trillions in stimulus spending, President Biden created 1.4 million jobs fewer in the first six months of 2021 than President Trump did in the last six months of 2020.

Economic growth is slowing down.

  • The Congressional Budget Office now predicts economic growth after the sugar-high of stimulus is significantly slower under President Biden than under President Trump.
  • In July 2020, CBO forecast economic growth between 2023-2030 would average 2.1%. Since Biden took office, CBO has now lowered expectations to a mere 1.5% – a nearly 30% reduction in growth.

Economic optimism is down.

  • The six-month outlook for the U.S. economy plunged to a five-month low of 50.8. (Reminder: it hit a 14-year high of 57 in February 2020 under the TCJA!)

Real wages are down.

  • Annualized real wages are down 3.95%.

President Biden’s net job approval on the economy is down–in fact, it’s sliced nearly in half over the past month.

  • Americans are losing faith in his economic leadership, worried about impending tax increases, and a higher cost of living.

The only thing that’s up is rising prices.

  • Inflation has been caused by massive government spending and President Biden paying people more to stay on the couch than to return to work.

For all these reasons, including his economic attack on American-made energy and proposed crippling tax hikes on workers, farmers, and Main Street businesses–the grade President Biden has earned in his six-month Economic Report Card: an ‘inflation-adjusted” F.

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Bill on the Hill
Bill on the Hill
3 years ago

There you have it, Bumbling Biden gets an ” F ” on his Report Card…
Now it’s time for the cognitive test Mr. Biden, are you up to it?
Show us what you got inside that head of yours…Is that an echo I hear?
Bill on the Hill… :~)

Patricia Caetto
Patricia Caetto
3 years ago

And infectious open borders impeach the Biden administration for not keeping us safe as his job requires

MB
MB
3 years ago

That’s because illegitimate Biden is a failure in everything. Always has been, always will be

Stephen Solito
Stephen Solito
3 years ago

I was sure sometimes at our economy is better than what it is now it was back 4 years ago we had our jobs we had our strength we had our military rebuilt and jobs kept growing and growing and everybody is keep going and going this president that we have now it’s not a leader he has failed the American people he has failed the veterans and the disabled I hope as voters of America can change that next year and hope that we can strengthen our our country again

Jim H
Jim H
3 years ago

How could you have an improving economy with his terrible policy’s he’s put into effect. Just buying votes doesn’t improve the economy!

Freedom Rings
Freedom Rings
3 years ago

Most of us knew it was going to be bad after a stolen election to get Biden in office. The “take down of America” is showing everyday. We’re in a fight for our lives in so many ways it’s unconscionable. We have declining personable safety every time an illegal unlawfully crosses the border. Socialism is starring us in the face. When are we, as American citizens, going to impeach Biden and Harris. Get Pelosi and Schumer and all the rest of the “commies” out of the WH ( term limits) and take back our Country. With Gods help we CAN SAVE the USA!!!!

Sheila
Sheila
3 years ago

If we don’t soon do something there will be no such thing as freedom or even just the wonderful life we had living in America because Biden is trying to make it like one of the European places and we are not that

Gary F
Gary F
3 years ago

We knew this was going to be the case but many of the corporate media entities pushed false narratives and covered for the ineptitude of the Biden-Harris Clown Show!

Jeanne
Jeanne
3 years ago

He has done ZERO for America….yet other countries like Communist Russia, North Korea, and Iran are benefitting from his demented mind!!!
When are people going to wake up and realize that this Communist Regime we have running our country needs to GO????

Terry Brinker
Terry Brinker
3 years ago

What can you expect from a bunch of ass hats running the show?

JOHN
JOHN
3 years ago

NOW that The Lunatic ol’ Puss For Brains is in charge of the Asylum the inmates are running wild!

JOHN
JOHN
3 years ago

There IS a massive storm cloud rumbling on the horizon! The Commie Democrat Socialists have pushed Americans in to an impending showdown.
Even a kind mild tempered dog when kicked enough WILL eventually BITE you!
It may well be very UGLY and people will be hurt but that also is the PRICE of Remaining We The People!

PaulE
PaulE
3 years ago

It all depends on what you’re grading for. If you are grading for expanding the growing economy we had under President Trump, with pro-growth, pro-opportunity to move up the economic ladder, then yes Biden is an abject failure and he warrants not only an F, but to be immediately removed from office for what would charitably be called gross incompetence and willful under-mining of the American economy to the detriment of the American people. Anyone with even a basic understanding of economics would draw that conclusion.

If on the other hand, you’re grading Biden for reimplementing the same disastrous economic and regulatory policies of the administration in which Biden was the Vice President and that produced some of the most anemic and stagnant years of economic growth for this country in decades, then he warrants an A. Biden’s return to “managing the decline of the United States”, which is how Obama put it while he was in office, while also assisting in the rise of the Chinese economy to over-take us has been remarkably successful to date. Biden’s handlers, all Obama era retreads or fellow travelers from academia or leftist think tanks have had Biden reinstitute almost all of the Obama agenda in only six months. Amazing how fast the swamp can work, when it agrees with the agenda being pushed by fellow leftists. All while the average American with any sense of reality has been sitting by and watching in horror. Just like in a really bad B horror movie on a Saturday afternoon.

Then when you factor in all the proposed new economic killing regulations and taxes that are already being fed into the legislative pipeline, Biden’s grade would rise to a solid A+. As the rate of joblessness rises, companies flee off-shore back to China and take all those jobs with them. As inflation rises, because Biden has been systematically cutting the legs out from the American energy industry to clear the way for imported solar panels and wind mills from China. Thus increasing the transportation costs for all goods and services everywhere in the country and eventually making every state in the country look like California with its rolling brown-outs, black-outs and massive welfare based economic model.

So as I said, it all depends on what you’re grading for. To most of us, Biden is a complete disaster from an economic perspective both short and long term. To the left in this country, he is a hero for doing his best to crush capitalism and replace it with stagnant socialism. To China, Russia and Iran, Biden is the gift that just keeps on giving.

B Wyman
B Wyman
3 years ago

7/23/2021 They are putting in place the 2030 “Reset” this use to be the one world order, it has many factors creating this. Many Billionaires, International Banking, The United Nations, Englands Prince Charles, and many other high up mucky-mucks. They are really wanting to reduce the population by more than half. Yes, the virus through fear tactics showed they can actually control the masses. Therefore they were successful in basically winning WW3 without firing ONE Shot per-se.
This has been in the works for a very long time but it is now showing THE USA just how powerful they truly are–after all, they shut down the President of the United States and got him out of office by whatever means they had to take,
Rig machines– have been around since they have been put in place.
There are solutions to any problems –some good folks from all over the world need to put their heads together and come up with better tactics.
Although it may seem like the world has been infiltrated by many Negative Forces, surely there are just as many brilliant Positive thinking folks who shall come up with their own brilliant thinking solutions
. Anyway, I pray for that to take place maybe not today but sometime soon– in the meantime—- I just keep writing GOD is laughing. & I also dream of all the Lakes be filled with crystal clear drinking water for all to enjoy. GoD’s Blessings to all!
Amac please keep up the good work I was a member before 500,000 strong.

Jerry
Jerry
3 years ago

Joe Biden could not earn a diploma from kindergarten.

Rowena
Rowena
3 years ago

Massively failed!!

Fema.gov Disasters USA Government home page under magnifying glass.
Medicaid text sign on calculator with pills and money. Medicaid text calculatoron American paper money with pills and orange prescription bottle
Vote Here Sign and Line. Yellow sign with VOTE HERE is standing by a line of people wating to get to the polls in Arizona
Miner inside an underground gold and copper mine. Region del Maule, Chile - April 02, 2016: Miner inside the access tunnel of an underground gold and copper mine

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