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The Financial Bubble Is Bursting
Have you noticed? The financial bubble is bursting. Many Americans are worse off NOW than before the pandemic. Bills are late, evictions are way up, gasoline is outrageous and it’s too expensive to buy groceries.
Everything is too much and the pressure to survive is intense.
According to The Washington Post:
That kind of turnaround is alarming for anyone going through it — and it may be the key to understanding why Americans have turned so sharply on this economy, posing a massive political threat to the Biden administration and Democrats in Congress ahead of this year’s midterm elections. The economy snapped back so quickly from the pandemic that people like Johnson are in a paradox: They’re worse off now, financially, than they were even when covid was a much more severe health threat, the national unemployment rate was almost twice as high, and economic growth was uneven.
Biden is claiming that the economy is fine but it is not. Not by a long shot.
