Biden's Economic Policies Lead to Failing Manufacturing Sector
Submitted by MAGA
Posted 89 days ago
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The economic indicators coming from the Biden administration tell a troubling tale: core durable goods orders unexpectedly tumbled by 0.1 percent in July, highlighting a lack of confidence in the economy.
This decline comes at a time when Democrats, including Vice President Kamala Harris, are busy spinning narratives about a manufacturing boom, despite evidence suggesting the sector has struggled for nearly two years.
Orders for core capital goods, which are often viewed as a barometer for business investment, have seen month-on-month contractions in four of the first seven months of this year.
While a modest increase of 0.5 percent was noted from the same period last year, it’s clear that the pace of growth is insufficient to offset ongoing concerns about economic health.
Shipments in this category fell by 0.4 percent after stagnating the previous month. Even the automotive sector, often a bright spot, fluctuated wildly, with orders for new cars and trucks jumping by 34.8 percent in July, only after experiencing a drastic decline the month prior.
This volatility raises questions about the Biden administration's policy decisions.
Use of the phrase “strong economy” by Harris and other Democrats is starkly contradicted by these figures, which point to a weakening manufacturing landscape.
Moreover, the current state of the economy has created an alarming phenomenon where millions of Americans find themselves living in their vehicles due to soaring costs of living and inadequate wages.
These struggles have highlighted the disconnect between the political elite's optimistic messaging and the everyday realities faced by American families.
With the presidential election looming, the resilience of former President Donald Trump remains evident. A recent Emerson College Poll indicates that Trump is neck-and-neck with Harris in key battleground states like Pennsylvania, reflecting growing voter discontent with the incumbent administration's handling of the economy.
As Democrats continue to cling to divisive social issues instead of addressing economic mismanagement, the Republican Party, led by Trump, appears to be gaining ground in appealing to the working class.
The contrast is stark and clear: the Biden administration’s “Kamalanomics” continue to face scrutiny as growing numbers of Americans grapple with new economic hardships exacerbated by what seems to be an unfettered increases in spending and regulation.
At this critical juncture, it will be the economic reality, not the political rhetoric, that will determine the outcome of the upcoming election.
Sources:
hotair.com
breitbart.com
discernreport.com
The economic indicators coming from the Biden administration tell a troubling tale: core durable goods orders unexpectedly tumbled by 0.1 percent in July, highlighting a lack of confidence in the economy.
This decline comes at a time when Democrats, including Vice President Kamala Harris, are busy spinning narratives about a manufacturing boom, despite evidence suggesting the sector has struggled for nearly two years.
Orders for core capital goods, which are often viewed as a barometer for business investment, have seen month-on-month contractions in four of the first seven months of this year.
While a modest increase of 0.5 percent was noted from the same period last year, it’s clear that the pace of growth is insufficient to offset ongoing concerns about economic health.
Shipments in this category fell by 0.4 percent after stagnating the previous month. Even the automotive sector, often a bright spot, fluctuated wildly, with orders for new cars and trucks jumping by 34.8 percent in July, only after experiencing a drastic decline the month prior.
This volatility raises questions about the Biden administration's policy decisions.
Use of the phrase “strong economy” by Harris and other Democrats is starkly contradicted by these figures, which point to a weakening manufacturing landscape.
Moreover, the current state of the economy has created an alarming phenomenon where millions of Americans find themselves living in their vehicles due to soaring costs of living and inadequate wages.
These struggles have highlighted the disconnect between the political elite's optimistic messaging and the everyday realities faced by American families.
With the presidential election looming, the resilience of former President Donald Trump remains evident. A recent Emerson College Poll indicates that Trump is neck-and-neck with Harris in key battleground states like Pennsylvania, reflecting growing voter discontent with the incumbent administration's handling of the economy.
As Democrats continue to cling to divisive social issues instead of addressing economic mismanagement, the Republican Party, led by Trump, appears to be gaining ground in appealing to the working class.
The contrast is stark and clear: the Biden administration’s “Kamalanomics” continue to face scrutiny as growing numbers of Americans grapple with new economic hardships exacerbated by what seems to be an unfettered increases in spending and regulation.
At this critical juncture, it will be the economic reality, not the political rhetoric, that will determine the outcome of the upcoming election.
Sources:
hotair.com
breitbart.com
discernreport.com
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