Staff Reports
The holiday season is taking on a gloomy economic tone, as Americans grapple with the financial repercussions of what some are calling a Bidenomics Christmas catastrophe. A survey commissioned by the conservative 85 Fund has unveiled disconcerting sentiments among the populace, revealing that 49% of respondents are feeling financially worse off and struggling to afford presents and festivities. Only 43% reported an improved financial situation, underscoring the perceived negative impact of the Biden administration's economic agenda.
Adding to the concerns, a staggering 81% of those surveyed expressed apprehensions about having sufficient funds for retirement, a particularly distressing statistic given that 52% are contemplating retirement. The Federal Reserve's interest rate hikes are exacerbating the situation, making it increasingly challenging for Americans to save for their retirement years.
Most feel Christmas and retirement are Scrooged by 'Bidenomics' | Washington Examiner https://t.co/ET4gmOxygY
— Melanie (@MellieMAGA) December 20, 2023
Further compounding the economic strain, the survey noted a rise in credit card balances, often considered a precursor to future economic challenges. This financial predicament seems to be following a predictable narrative, akin to a holiday movie where hardships are anticipated before any improvement.
These findings deliver another blow to the Biden administration's portrayal of a flourishing economy. The American people, it appears, are not buying into this narrative, quite literally. Alfredo Ortiz, president and CEO of the Job Creators Network, remarked, "Ordinary Americans are far worse off than one year ago due to the consequences of Bidenomics." He attributed the situation to Bidenflation causing a cost-of-living crisis and the Federal Reserve's aggressive interest rate hikes making credit more costly and harder to attain. It's akin to the Grinch stealing Christmas and leaving everyone with a lump of Bidenomics.
Will Hild, executive director of Consumers Research, likened the Biden administration's economic agenda to a broken toy nobody wants to play with. He emphasized the strain on consumers due to inflation and higher prices, calling for leaders who focus on economic policies benefiting consumers and stimulating the economy rather than pushing policies that drive up costs.
In conclusion, the White House's attempt to promote the impact of Bidenomics in an end-of-year memo seems about as effective as filling everyone's Christmas stockings with coal. Americans are feeling the financial pinch, and it's evident that the left's economic policies have landed the economy on the naughty list this year.
