So now it’s the Federal Reserve that’s going to either taint the November election or tank the economy.
“Delivering a rate cut ahead of the election could rile up Republicans and former President Donald Trump,” the Wall Street Journal reported on Wednesday, “but withholding a needed reduction could undermine the economy and upset Democrats.”
Never mind that high rates are what’s keeping inflation in check and that we’ve been told for three years that Bidenomics has delivered an economy so strong that it kicks sand in the face of 7% mortgages and 9% car loans.
The facts are that full-time, private-sector jobs are still well below pre-lockdown levels and that the labor participation rate has been declining for a year and remains well below where it was in 2019. We’ve been in a jobs recession for four years and yet, thanks to Washington flooding the economy with trillions in funny money since 2020 and overregulation since 2021, inflation could still come roaring back. […]
– Read More: pjmedia.com