Commentary
As reported by The New York Times Magazine at the time, Joe Biden’s goal was to transform the economy from the get-go: “The Biden Team Wants to Transform the Economy. Really.” Nearly two-and-a-half years later, the damage and chaos of that transformation process are obvious: continuing high inflation (especially energy, food, and gasoline prices), rising interest rates, recession predictions, a stagnant economy, depleted individual savings, sky-high credit card debt, and other indications of stagflation and recession.
Who has benefited from the Biden economy? Green-New-Deal grifters benefit from the gargantuan tax subsidies and federal spending on transitioning the U.S. economy from hydrocarbon energy sources to “clean” sources, especially solar and wind energy….