Staff Reports
In a time when the nation looks for leadership, President Joe Biden recently made headlines for all the wrong reasons. While some politicians may rise above challenges and earn a measure of grace from history, Biden appears to be doing the opposite. His head-scratching claims about “curing” the economy, spoken less than a week ago, now serve as a punchline as global markets take a nosedive.
Just last Tuesday morning, after a trip to Texas, Biden stood before reporters and declared with astonishing confidence that he had not only cured the economy but also tackled a few “small things” along the way. One has to wonder whether he mistakenly stepped into a time machine that took him straight to a fantasyland or if he’s mixing up his roles as President and the lead in a slapstick comedy. The stock market’s response to his declaration was swift and brutal, proving that even time-traveling fantasies can’t protect him from the reality that he’s the captain of a sinking ship.
Biden's Words from 6 Days Ago Come Back to Haunt Him as Economic Disaster Strikes via @WestJournalism https://t.co/nW6MrrxyXz
— DAC (@Hopscotch800) August 6, 2024
As markets plunged on Monday due to dismal employment numbers, experts were right to observe the correlation between Biden’s lofty promises and the ensuing panic. Economists pointed out that the sluggish job market might be viewed as a harbinger of recession. Surprising? Not really, considering most Americans are feeling more financial strain than relief under Bidenomics, the president’s so-called economic strategy that has proven to be a monumental failure.
The online ridicule followed as quickly as the stock market’s downward spiral. Clips showcasing Biden’s claim circulated on social media, with one user commenting on how the remarks aged “like spoiled milk.” If Biden were looking for any redeeming qualities from that statement, he’d have better luck finding a unicorn at a gas station.
Former President Donald Trump chimed in, reflecting the collective despair in conservative circles. He lamented the dire market situation, berating the disastrous leadership that has emerged since his departure. According to Trump, the events unfolding are nothing short of catastrophic and a stark reminder that the economy can collapse faster than Biden can attempt to spin a yarn about his successes. For Trump, this stock market crash serves as a “preview of the world markets without Donald J. Trump in the White House,” a slogan that could become more than just a catchy phrase as the repercussions of Biden’s policies unfold.
Throughout history, both high and low points in a nation’s economic trajectory have been tied to its leaders. Mentioning Herbert Hoover, who inherited a strong mandate yet faced the crushing realities of the Great Depression, underscores the vast difference between his legacy and that of Biden’s anticipated infamy. Unlike Hoover, who was handed a robust economy with challenges originating from global circumstances, Biden finds himself in a self-made predicament where promises were plentiful, but results remain scarce. It’s clear that Biden’s so-called solutions haven’t cured anything; they’ve only exacerbated existing problems, proving that his exit from the Oval Office might be the only prescription for salvaging what’s left of the economy.
