In an attempt to please to socialist wing of his party Joe Biden took office and ripped up most of the Trump administration policies. Notably he immediately ended all previous border policies with Mexico and sparked an immigration crisis at the border. He then moved to pass a massive $1.9 Trillion spending package which was full of wasteful spending jeopardizing the future growth of the economy.
The jury is still out on how President Joe Biden is doing in the job but safe to say there are a lot of question marks. His campaign was a mystery as he spent most of it hiding from public view and trying to make any unforced errors. It was the ultimate prevent defense and election results were murky on how the public felt.
By the time of the election the country had gone through 4 years of exclusively negatively on Trump’s administration. Hampered by the fact Trump had begun a 4-front war against the Democrats, Republicans, the Media, and corporations. When Trump ran against Hillary Clinton for those of us old enough, we knew the circus you would get if the Clinton’s returned to the white house, but it seems by election time of 2020 the American people saw it fit to send the Trump circus packing.
The Biden team supremely confident in their experience and abilities quickly began making plans to undue the Trump legacy. For an administration that was filled with all of the Obama administration former staffers the goal was to restore Obama’s legacy. Trump’s success in foreign affairs, border control, and handling of the economy was embarrassing for the former staffers.
Joe Biden’s mental decline is now being picked apart by Vladimir Putin of all people challenging to a live debate. It is clear that Biden is not the one who is charge of the direction of his administration. These staffers with their own personal motivations for their pet projects are steering his presidency close to that of Jimmy Carter.
His administration has blown out spending which will lead to inflation. He cancelled pipeline contracts and started banning fracking in certain areas ending our energy independence which will raise gas prices and home heating costs. They are alienating Israel while engaging in talks with allowing Iran to resume pursuit of a nuclear bomb.
The economy is going to recover from the temporary hiccup from the COVID shutdowns and things are going to be looking okay until the end of the year. As inflation starts to get going it will start in the energy sector first. The demand for energy will go up significantly as the economy recovers and prices will surge.
Coupled by the administrations quest to cancel fracking and oil production in the US there will be a shortage which the demand will be met by OPEC. OPEC will realize the shortage in US supply and cut supply to increase prices. The surge in energy prices will cause UPS, airlines, Uber, and others to pass off the increase of costs to the consumer.
There begins the economic crisis brought on by the Biden administration. Cut production of US energy because you don’t like where it comes from. Blow out the spending and infuse the market with printed cash without actually creating value. Demand recovers supply is diminished prices rise, unemployment rises, and the Biden recession begins.
Not that he cares anyway since I do not believe he said he will not be seeking a second term. What will the Democrat slogan for 2024 be I wonder? “Vote for candidate X because we caused a major recession.” The worst part of this has to be all of this can or I guess at this point have been prevented.