Steve Forbes: Biden taxes and regulations hurting the economy

[reason10]

Like we needed yet ANOTHER expert to affirm the truth.

https://www.newsmax.com/draft-stories/usa-economy-biden/2023/03/16/id/1112498/

Steve Forbes to Newsmax: Biden Taxes, Regulations Hurting Economy

"This economy does have serious problems," Forbes continued. "And one of the big ones is that unlike the 1980s, when we conquered inflation with tax cuts and deregulation and encouraging entrepreneurship, this government is doing the exact opposite.

"They're piling on regulations, going out of their way to raise taxes, and doing silly things, too," said Forbes, noting that "in the 'kitchen wars,' gas stoves are under attack ... they're trying to destroy the energy industry, despite what they say."

Forbes said the Treasury Department "unfortunately" believes that "depressing the economy" is the best method for combating inflation, along with "throwing people out of work, increasing unemployment. They don't realize that the best way for conquering inflation is stabilizing the value of the dollar."

Six months from now, "people are going to be hurting. You saw it in retail sales. People are drawing down their savings" from the COVID-19 era, said Forbes, noting credit card debt in America has reached all-time highs.

If this administration were open to new ideas, perhaps Forbes would suggest letting the marketplace determine interest rates nationally.

Along those lines, he recommends the entire Biden White House take an extended vacation for the next six to nine months.

"The American people would be delighted to put them all on vacation. It'd be far less costly than what they're doing now," said Forbes. Getting a break from President Joe Biden and the Treasury might "let the economy recover."

"And stop with these crazy regulations," Forbes said. "Hardly a day goes by where they don't pile on some new piece of idiocy."

Forbes in an expert. And he's right. This is ALL BIDEN'S FAULT.

 

[reason10]

1 hour ago, Contrarian said:

There is trending news related to your OP.

⬆️ Moderate Senate Democrats join GOP in resisting new bank rules after SVB failure

Many of the 17 Democrats who voted to ease rules on certain banks in 2018 say they don't regret their votes and aren't ready to support a bill to impose tougher regulations.

That screed has NOTHING to do with the subject of the thread.

Are you just plain STUPID?

[Aristides]

1 hour ago, Contrarian said:

There is trending news related to your OP.

⬆️ Moderate Senate Democrats join GOP in resisting new bank rules after SVB failure

Many of the 17 Democrats who voted to ease rules on certain banks in 2018 say they don't regret their votes and aren't ready to support a bill to impose tougher regulations.

So they will spend billions bailing out banks again, just so they can go through it all again in another ten years or so. 

Banking is a risky investment in the USA.