Biden’s Presidency Has Already Failed
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Donald Trump may soon look back at his defeat as the best thing that ever happened to him. The former president has been disgraced, double-impeached and faces criminal prosecution. Fortunately for him, he slipped out of D.C. just in time to avoid the blame for an economic catastrophe no one can fix. No one inside this political system, anyway. 5.2 million Americans filed for first-time unemployment over the last month. The key civilian labor force participation rate is 61.5%. Those are staggeringly bad numbers, comparable to the Great Depression. And this is following a year of atrocious job losses. “It’s literally off the charts,” Michelle Meyer of Bank of America said in May. “What would typically take months or quarters to play out in a recession happened in a matter of weeks this time.” A little history: The last time the economy tanked was at the end of George W. Bush’s presidency, during the 2008-09 subprime mortgage…
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