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Welcome To Biden’s Grand Illusion Of Prosperity

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Posted By: FlyRight, 8/11/2023 10:51:13 PM

‘You know, if you let me write $200 billion worth of hot checks every year, I could give you an illusion of prosperity, too.” That was then-Democratic Sen. Lloyd Bentsen back in 1988 arguing that the Reagan boom was a myth because it was bought and paid for with deficit spending, then running about $200 billion a year. What would Bentsen say today about an economy that – instead of blasting ahead at more than 4% a year at it was in 1988 – is barely eking out gains and appears headed to a downturn …

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Reply 1 - Posted by: Lawsy0 8/12/2023 12:17:23 AM (No. 1532771)
My Eyes Glaze Over at the sight of the name Biden. Biden Overload and a bad case of MEGO. Biden Fatigue. I don't care what happens to any of them and the sooner they get out of MY house, the better for everyone.
24 people like this.

Reply 2 - Posted by: Bur Oak 8/12/2023 7:30:07 AM (No. 1532870)
This illusion will continue until after the election. Get ready for when the bill come due. It won't be pretty.
17 people like this.

Reply 3 - Posted by: anniebc 8/12/2023 7:43:50 AM (No. 1532878)
That potato knows he's doing anything but making Americans prosperous.
10 people like this.

Reply 4 - Posted by: privateer 8/12/2023 7:50:18 AM (No. 1532881)
Lying Joe, the Potemkin Potato.
12 people like this.

Reply 5 - Posted by: franq 8/12/2023 8:28:40 AM (No. 1532901)
Our government "spending" is in violation of all the laws of mathematics and economics.
17 people like this.

Reply 6 - Posted by: Are You Serious 8/12/2023 8:41:55 AM (No. 1532907)
Maybe if my brain were as damaged as Biden's, I'd think things were great too
15 people like this.

Reply 7 - Posted by: walcb 8/12/2023 9:27:56 AM (No. 1532929)
The economy is so screwed up that if Trump is elected the corrections he would have to make would make him one of the most hated presidents ever. We can't win on this one.
11 people like this.

Reply 8 - Posted by: NorthernDog 8/12/2023 9:33:24 AM (No. 1532932)
Mortgage rates for a 30 year loan are averaging almost 7%. That has more than doubled under Bidenomics.
13 people like this.

Reply 9 - Posted by: Zigrid 8/12/2023 10:08:16 AM (No. 1532970)
And the beat goes on and on...biden is so pathetic on camera that the swamp is having difficulty with the appearance of elder fraud...listening Jill...your husband is not only crooked for 50 years...but now he's being propped up by the obama cabal to save their posteriors....and America suffers at the grocery story and gas station...and our strategic oil reserve is in china....sold by biden to his buddy XI...and the're right Joe...your plan to dismantle America is working just as china said it would....
13 people like this.

Reply 10 - Posted by: PrayerWarrior 8/12/2023 10:34:44 AM (No. 1532981)
How many citizens today are hitting their savings accounts to pay for: Basic necessities of life which include food, water, shelter, clothing, and medically necessary health care. ...if they have a savings account? We know some people that their medical bills have gotten so high, that they are on a monthly payment plan. Outrageous! This is IN addition to the high cost of groceries, personal care products and other needs to sustain our way of life.
11 people like this.

Reply 11 - Posted by: Strike3 8/12/2023 11:31:13 AM (No. 1533009)
The illusion of prosperity is as believable as the Green New Deal, the readiness of the US Military, the superiority, culture and history of the black race, the closed border, the successful withdrawal from Afghanistan, the dangers of domestic terrorists at school board meetings, the efficacy of the COVID jabs, the innocence of Hunter Biden, the non-involvement of the President in Treason against the United States, the legitimate wealth of the Biden family. If the Biden administration is good at one thing, it's lying through their false teeth, every day, all day long.
11 people like this.

Reply 12 - Posted by: NotaBene 8/12/2023 12:19:36 PM (No. 1533039)
Bidet emptied our strategic oil reserve to keep prices down for the last election. Brent crude is $86.7 an barrel and medium gasoline at $6 in West Los Angeles today. Inflation prices will never come down. The rich keep getting richer but we can’t get our children out of the basement.
7 people like this.

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Welcome To Biden’s Grand Illusion Of Prosperity 12 replies
Posted by FlyRight 8/11/2023 10:51:13 PM Post Reply
‘You know, if you let me write $200 billion worth of hot checks every year, I could give you an illusion of prosperity, too.” That was then-Democratic Sen. Lloyd Bentsen back in 1988 arguing that the Reagan boom was a myth because it was bought and paid for with deficit spending, then running about $200 billion a year. What would Bentsen say today about an economy that – instead of blasting ahead at more than 4% a year at it was in 1988 – is barely eking out gains and appears headed to a downturn …
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