America Is In A Housing Recession But President Joe Biden Is Still In Denial About The Terrible State Of The Economy

Americans Can't Afford The High Cost Of Living Joe Biden Ushered In With His Terrible Financial Policies

August 17. 2022

President Joe Biden is perpetually confused yet has access to nuclear codes

U.S. President Joe Biden is in complete denial about the terrible state of the U.S. economy (America Is In A Recession Due To The Actions Of The Biden Administration). I've been stating for over a year that America is in a financial crisis. Now in recent months economists are openly stating it as well, but Biden keeps denying it.

Recently, economists pointed to the U.S. economy shrinking for two straight quarters as proof of a recession. Now comes word that the real estate market is in recession. Team Biden kept hiking interests rates this year, which sent mortgage payments up and home values down, and now there's a housing recession.

Biden also denied there was inflation, then months later made a u-turn acknowledging it, then got Congress to pass the Inflation Reduction Act this month, which is ram packed with items that have nothing to do with inflation. There are so many pet projects in the bill, it is destined for chaos and disorder. This one bill is trying to do too much and time will show it was not effective.

Biden is under a dementia induced brain fog

The Inflation Reduction Act is also about climate change. However climate change didn't cause this inflation that is plaguing Biden's presidency, he did. This inflation was not present under former President, Donald Trump, who left office a year and a half ago.

When the bill fails to solve climate change, with rapidly increasing natural disasters and other meteorological events wreaking havoc on the environment, Biden will be shown to be a liar and fraud, who spent billions in taxpayer money on the wrong things. They are going about this all wrong.

Make no mistake, I am not a climate change denier. However, as a scientist I know enough to realize what Biden has allocated via billions in taxpayer money to certain initiatives, will not solve the problem and dire climate events are on the way, as I have been warning.

STORY SOURCE

Homebuilders say U.S. is in a ‘housing recession’ as sentiment turns negative

Aug. 15, 2022, 3:02 PM EDT / Source: CNBC.com - Despite higher costs for land, labor and materials, about 1 in 5 builders in August reported lowering prices in the past month to increase sales or limit cancellations. Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs.

The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points to 49 this month, its eighth straight monthly decline. Anything above 50 is considered positive. The index has not been in negative territory since a very brief plunge at the start of the Covid pandemic. Before that, it hadn’t been negative since June 2014...

https://www.nbcnews.com

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