Yesterday, President Biden had just one item on his official schedule: an event for Toys for Tots in Arlington, Virginia.
Now, I like tots, having been one myself, and I certainly want them to get neat toys for Christmas. But, maybe, perhaps, the President could have squeezed a bit more into his work day.
On Friday, very quietly, the government announced that the collective personal wealth of Americans has dropped seven trillion so far this year. That's our assets, not the swamp's. That's bank accounts, investments, home values.
Seven trillion down.
Don't tell the tots.
In addition, the stock market is off about 25 percent year to year. I don't know anyone buying stocks other than the Crypto guy in the Bahamas.
Yes, unemployment remains low, but real wages are falling as inflation vacuums up cash.
By all measures, the Biden economy is a mess, although millions of voters didn't seem to mind on Election Day. Joe Biden noticed that and immediately bellowed: "if it ain't broke, don't fix it. The voters like us; they really, really like us."
So, nothing will get fixed. Bank on that.
That is, if there's anything left in the account.
See you tonight for the No Spin News.
