Posted originally on the conservative tree house on May 25, 2021 | Sundance | 69 Comments
Every economic policy of the JoeBama administration benefits other nations at the cost of the U.S. middle class. If you look at the Biden policy from a position of America’s interests they get everything wrong. However, if you look at Biden economic policy from a goal to weaken the U.S. and benefit other nations, they get everything right.
This is the exact same big picture dynamic that was present during the Obama era. The Chicago crew of policy advisors simply hate America and everything she/we stand for. That element of Obama’s network hates ‘colonialism’, despises the industrial revolution, and abhors free market capitalism.
When Obama said “share the wealth” he wasn’t speaking exclusively toward domestic socioeconomic policy; he was also pointing out that America needed to share wealth with other nations. This is the ideological alignment between Barack Obama and Osama Bin Laden. Above all other issues Osama Bin Laden despised the wealth the U.S. carried as a result of the dollar being the international trade currency. Thus the 9/11 attack was directed at the World Trade Center first, then DC second.
If you accept Biden is an avatar for Obama’s third term, then everything in the economic policy makes sense. Including this:
“U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.” (link)
Beyond the hypocrisy of ‘global’ climate change being irrelevant to where the mining takes place (duh), what the administration is doing is letting our mining operations close while importing the same product. This is a continuation of what policies created the “rust belt”. Then there’s the pesky problem of the cars actually being built in Mexico, not the U.S…. but we need to ignore that part.
♦Example #2 of JoeBama policy comes from the Emerald Isle laughing at the U.S.A. as Biden kicks out U.S. companies by raising corporate taxes.
“Ireland has no plans to increase its corporate tax rate – one of the lowest in the developed world – the country’s finance minister has told Sky News, which could scupper Joe Biden’s radical scheme for a global minimum rate.”
[…] “He predicted that Ireland will maintain its 12.5% corporate tax rate for many years to come.
In an exclusive interview with Sky News, Mr Donohoe said: “We do have really significant reservations regarding a global minimum effective tax rate status at such a level that it means only certain countries, and certain size economies can benefit from that base – we have a really significant concern about that.” (read more)
Every element of Biden economic policy is exactly the wrong thing to do if you want the United States to thrive. However, every element of Biden economic policy is exactly the right thing to do if you want the United States to suffer.
Creating a “service driven economy” is a feature, not a flaw, of Obama and Biden’s network of economic advisors and policy-makers. That is the origin of the self fulfilling prophecy…. a series of policies that create massive wealth disparity…. that the base of the Democrats love to rail against…. in order to elect globalist elites… in order to continue the same export of U.S. wealth….. that creates the wealth disparity they rail against.
Wash – Rinse – Repeat.