Shares of Stanley Black and Decker tumbled nearly 14% yesterday after the tool-making giant posted less-than-expected earnings. It seems as prices of everyday stuff rises people are not going out to buy new drills, saws, and nailers.
Yet the Biden cabal is telling us we are not in a recession. Inflation was just reported as the highest since the early 1980s. Now the Democrats want to double down with another massive spending program.
Look, I’ll readily admit economics wasn’t my strongest subject in college. I do know very smart people with degrees in economics. They have consented over the years to explain economics to me in layman’s terms. Quite simply, the more money in an economy the greater risk of inflation. The big payments and giveaways early in the Biden Administration (and Trump — he shares in this) put too much money into the economy and coupled with decreasing the flow of oil, has resulted in massive inflation.
This is what you get when you elect people whose entire economic theory is expressed in a hippie song.
1 comment:
That sad moment when you still love the golden oldies but realize that most of the lyrics are gibberish, not the philosophical basis for a society.
Post a Comment