Some Very Good News For Republicans: The Democrats and their voters will be 100% to blame for the coming Financial and Economic Downturn – November 12, 2022,
I recall watching FoxNews and their television personalities attempting to sell me on this “Red Wave” and saying to myself, why in the hell would Republicans want a Red Wave? If I’m a Republican, the only thing I care about is controlling the governor races; why? Because putting Joe Biden in jail will be difficult, and if there’s a Red Wave, a chunk of Republican voters will want Republicans to get to the bottom of the Hunter Biden story, and that’s a lot of hard work to do while trying to juggle fixing the economy.
Furthermore, there are a lot of REGULATIONS on the economy Joe Biden can impose as President that the Republicans can do nothing about. If the Democrats control the House and Senate primarily because they have more VOTERS than the Republicans, the Republicans can then focus on 2024 and running the right candidate because all signs point to a recession in 2023, and if I’m a Republican, I don’t want my brand attached to it.
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The recession is already here, and all signs point to SHORTAGES becoming a major problem in 2023; why is this going to happen? Because of the REGULATIONS, Joe Biden has put on fossil fuels that many in the markets IMAGINE central banks can fix. Jeff Snider taught people like me the limited control the Federal Reserve has over the economy, the dog and pony show that is Federal Reserve revolves mostly around the price of GOVERNMENT SPENDING, and Joe Biden is creating an economy that appears to be headed to towards AUSTERITY.
Now, if the Republicans are imagined to be the Party, that’s in Joe Biden’s way; this would reflect badly on them in 2023, when I expect things to get really bad. If the numbers how I see them now hold up in which the Democrats at the very least control the Senate, the economy becomes Joe Biden’s problem. It’s not like the Republicans can do much about the damage that’s ALREADY been done anyway.
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Furthermore, I think it’s healthy for Americans to FEEL how bankrupt their nation is because if Americans expect the present normal to be their new normal, chances are we’re going to start to see a global shift to RECESSIONARY conditions, which doesn’t bode well for the U.S dollar if the U.S economy can’t rise from coming economic DEFLATION.
One of the reasons investors are holding onto to hope for the U.S economy is that many imagine consumer spending will come back, but if the spending can’t come back to pandemic levels, well, then we may soon observe ANOTHER commodity boom. I like ot remind readers how dependent the WESTERN world is on the U.S economy; some of us have been observing Sweden, which, if it’s socialist, is socialist in NAME only because we’re all observing the Swedish government SLASHING spending.
New Swedish govt cuts fuel taxes, boosts defence in first budget | reuters.com
Sweden has one of Europe’s lowest levels of public sector debt, whereas, in the United States, its public sector debt is among the highest in the world. Why I bring this to light is that in Sweden, they’re UNAPOLOGETIC about preserving their WELFARE STATE. However, their government is changing the STRUCTURE of how they pay for it, at least acknowledging that there’s a PROBLEM with inflation.
In the United States, the assumption by a lot of voters appears to revolve around this idea that they can stay the course and not worry about the devastating impacts Joe Biden’s regulatory policies are having on the U.S economy. With respect to the U.S dollar, some of us are starting to watch the Gold and Silver markets, because one of the main reasons the MARKETS reward the United States with the MARKET reserved currency status is because of the U.S consumer.
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But a recession in America will make it harder for businesses with a lot of overhead to get money out of the hands of a bankrupt American consumer. Now, I know some of you might be thinking, well, all Joe Biden has to do is a few rounds of stimulus spending? You’d be PARTIALLY correct for thinking, but there’s a problem with stimulus spending under Joe Biden; the COSTS are too high, so more stimulus will but FEWER votes, and because of the higher cost of borrowing, not only will that stimulus do less, it will be more far more expensive.
Even if the Federal Reserve lowers rates back to ZERO, it’s unlikely that PRIVATE banks will be excited about lending money because of PRIOR stimulus spending, bankruptcies have been avoided for the most part, but they’re on the rise now; these bankruptcy stories, in my opinion, can be ignored until they can’t and the problem with bankruptcies in a HEAVILY regulated economy is that they’re hard to bounce back from.
During a recession, there are FEWER jobs available; by ATTEMPTING to phase out fossil fuels, Joe Biden is effectively making it HARER for Americans to REPLACE a lost job; one could also argue Joe Bidens lax immigration policies are allowing illegal aliens to not only raise welfare costs for all levels of government, but they also could be LOWERING wages for Americans.
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Now, if the Republicans were able to control the house and senate, they COULD get the U.S-Mexico border under control; however, I think the number is like 3 million undocumented immigrants already came through, so that damage is already done and attempting to solve all the problems Joe Biden caused while trying to explain to Americans why the economy took a sharp turn DOWNWARD sounds like a problem Republicans want to avoid having.
If Democrats perform well in the midterms, I’d say that’s a victory for the Republicans; moving forward, what the Republicans should be looking to do is find a replacement for Donald Trump. Now that a JEALOUS Donald Trump is attacking Ron DeSantis, who I don’t personally think looks presidential yet, the Republicans can turn Trump’s hardcore supporters into general supporters of the GOP (“Grand Old Party”).
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If the Democrats win the house and the Senate, there is no reason for the GOP to prop up Donald Trump; by that, I mean allowing Donald trump to be Donald Trump but also using 2023 to find his replacement. OnceTrump is gone, the Republican Party will appear saner, and voters will have a SHORT term memory, in fact, if the GOP can get rid of Trump, it will show Americans that Donald trump is DOES NOT represent the new GOP, which is a good thing.
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With that said, if the regulations imposed by the Democrats hold up in 2023 through to 2024, I expect a serious economic downturn in 2023 and there is NOTHING the Federal Reserve can do about it!
Kelly win in Arizona puts Dems 1 seat from Senate control | ctvnews.ca
Interesting times ahead!