https://www.businessinsider.com/white-house-debt-ceiling-crisis-could-be-bad-great-recession-2023-5
Since the White House and in fact most politicians have extraordinarily low credibility and almost always say things to manipulate our thinking instead of telling the truth, one takes this with a grain of salt.
On the other hand, they have been doing some catastrophically counter productive things for the US in order to exploit self serving political agenda.
And the 2 worst/least liked (higher unfavorable ratings than favorable) presidential candidates in history ran against each other in 2020 and incredibly, after both have solidly proven they are no way qualified to be president...........we have both of them, by far leading all others in the race for the next president.
Anything is possible in this current world of manufactured realities.
THIS ADMIN. NEEDS TO GATHER UP ALL THE ROAD APPLES THEY'VE LEFT IN THEIR WAKE & MOVE OUT!!!
IF THE SO CALLED CONSERVATIVES CAVE TO THIS COULD, COULD, COULD SCARE TACTIC ~ THEY WILL HEAR FROM MANY OF US ~ NO DOUBT!!
I SAY ~ "STAND PAT & LET THE CHIPS FALL WHERE THEY MAY!"
Funny how the one thing that never comes under threat during these times is welfare programs. Big hint there.
Thanks much!
Kudlow shows this graph:
His source is Joe Lavorgna.
I haven't been able to confirm that data using that source but did find other related stuff that shows the point.
No doubt, there was some crazy (deflation) COVID stuff going on with Trump, which caused a misleading graphic representation above.
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https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
https://www.epi.org/nominal-wage-tracker/?gclid=Cj0KCQjw9deiBhC1ARIsAHLjR2AeHB8WLSNiPK40SIg_XJe8v6R_XBWZFzM8wdrlUYDhtHmuL8HEI3IaAi1SEALw_wcB