{"id":1886793,"date":"2023-03-14T12:42:30","date_gmt":"2023-03-14T16:42:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans\/"},"modified":"2023-03-14T12:51:50","modified_gmt":"2023-03-14T16:51:50","slug":"biden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans\/","title":{"rendered":"Biden Administration Hurries To Protect The Ruling Class But Habitually Abandons Hardworking Americans"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1886793&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div>\n<p>The Biden administration quickly intervened to fix the mess created by the President&#8217;s inflationary spending, and the Federal Reserve&#8217;s aggressive interest-rate changes.<\/p>\n<p>SVB spent years spending tech cash to buy up long-term debt. But, the West Coast bank wasn&#8217;t able to cover deposits for &#8220;&#8221;<a href=\"https:\/\/www.nytimes.com\/article\/svb-silicon-valley-bank-explainer.html\" target=\"_blank\" rel=\"noreferrer noopener\">Nearly half the nation&#8217;s venture capital-backed tech and life-science companies are venture capital-backed<\/a>.&#8221;<\/p>\n<p>Biden decided to make it a habit of doing this repeatedly. <a href=\"https:\/\/thefederalist.com\/2023\/03\/14\/governments-reckless-monetary-and-fiscal-policies-led-to-silicon-valley-banks-failure\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cash floods are possible<\/a> The Federal Reserve increased interest rates dramatically from near zero in 2020, when they were hovering around zero in 2020, after he was elected to the White House. These suddenly high interest rates led to SVB&#8217;s large-scale bond investments that had soared in lockdowns in 2020. This would eventually lead to the bank&#8217;s collapse.<\/p>\n<p>Federal Deposit Insurance Corporation (FDIC) took control of the bank on Friday. They guaranteed SVB and the equivalent of billions of US dollars. <a href=\"https:\/\/www.foxbusiness.com\/economy\/signature-bank-shut-down-connection-silicon-valley-bank-collapse\" target=\"_blank\" rel=\"noreferrer noopener\">Signature Bank, New York-based connected<\/a> Deposits, even the large portion of accounts that exceed the $250,000 limit. <\/p>\n<p>Biden and his Administration <a href=\"https:\/\/thehill.com\/homenews\/administration\/3897534-biden-stresses-that-silicon-valley-bank-is-not-getting-a-bailout\/#:~:text=President%20Biden%20on%20Monday%20stressed,be%20borne%20by%20the%20taxpayers.\" target=\"_blank\" rel=\"noreferrer noopener\">They are uncompromising<\/a> They are not bailing out taxpayers by doing what they did for SVB, but it is a claim. <a href=\"https:\/\/nypost.com\/2023\/03\/13\/nikki-haley-gop-pols-say-taxpayers-will-foot-the-bill-for-biden-bank-bailout\/?utm_campaign=SocialFlow&#038;utm_medium=SocialFlow&#038;utm_source=NYPTwitter\" target=\"_blank\" rel=\"noreferrer noopener\">Republicans reject<\/a>. <\/p>\n<figure>\n<p><span><\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">President Biden on SVB collapse: &#8220;Americans can rest assured that our banking system is safe.&#8221; <a href=\"https:\/\/t.co\/9vSxWM4dJN\">pic.twitter.com\/9vSxWM4dJN<\/a><\/p>\n<p>\u2014 Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1635322578415026177?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/p><\/blockquote>\n<p><\/span> <\/p>\n<\/figure>\n<p>It is also a claim that falls on the deaf ears normal Americans who, despite years spent struggling under crises inflicted upon them by Biden, have yet get a reprieve.<\/p>\n<p> Silicon Valley tech bros receive federal guarantees that will protect their fancy homes and cars. <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-03-10\/silicon-valley-bank-what-s-going-on\" target=\"_blank\" rel=\"noreferrer noopener\">Party hosts can be very expensive<\/a> Within days of imminent disaster, <a href=\"https:\/\/www.ohio-demographics.com\/east-palestine-demographics#:~:text=Median%20Income,East%20Palestine%20households%20was%20%2444%2C498.\" target=\"_blank\" rel=\"noreferrer noopener\">American middle-class Americans who are hardworking and self-sufficient<\/a> Like the people of East Palestine, Ohio who pleaded for attention to the federal government&#8217;s inattention, they spent weeks asking. <a href=\"https:\/\/impactnottingham.com\/2023\/02\/east-palestine-ohio-exploring-the-worst-environmental-disaster-in-the-history-of-the-usa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Worst environmental disasters in American history<\/a>.<\/p>\n<p>&#8220;I think that our leadership \u2014 our media and our politicians \u2014 were slow to respond to this crisis, in part because a certain segment of our leadership feels like the people in East Palestine are a little out of style. They have the wrong politics, they are a little too rural, maybe a little too white,&#8221; J.D. the Republican Senator Vance stated in a recent Senate meeting about the derailment. <\/p>\n<figure>\n<p><span><\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">J.D. Vance on the train derailment in East Palestine &#8220;Politicians were slow to respond to this crisis, in part because a certain segment of our leadership feels like the people in East Palestine are little out of style \u2026 a little too rural, maybe a little too white&#8221; <a href=\"https:\/\/t.co\/RjKvmmnlQn\">pic.twitter.com\/RjKvmmnlQn<\/a><\/p>\n<p>\u2014 The Post Millennial (@TPostMillennial) <a href=\"https:\/\/twitter.com\/TPostMillennial\/status\/1633895763582304274?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p><\/span> <\/p>\n<\/figure>\n<p>The corporate media <a href=\"https:\/\/twitter.com\/ThePlumLineGS\/status\/1628015439656759298?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">He was smeared<\/a> Vance may have suggested that, but Vance is right in identifying East Palestine&#8217;s train derailment\/chemical burn as a problem that the Biden administration has not yet resolved.<\/p>\n<p>It took Secretary for Transportation Pete Buttigieg <a href=\"https:\/\/thefederalist.com\/2023\/02\/22\/buttigiegs-message-to-east-palestine-residents-in-ohio-im-taking-some-personal-time\/\" target=\"_blank\" rel=\"noreferrer noopener\">There will be weeks of follow-up with Ohio residents<\/a> About the crash. Biden has <a href=\"https:\/\/thehill.com\/homenews\/administration\/3893751-why-hasnt-biden-gone-to-east-palestine\/\" target=\"_blank\" rel=\"noreferrer noopener\">Yet to be visited<\/a> The afflicted city is still in limbo, but locals remain concerned about the situation <a href=\"https:\/\/www.theguardian.com\/us-news\/2023\/mar\/11\/norfolk-southern-air-testing-cteh-ohio-train-derailment\" target=\"_blank\" rel=\"noreferrer noopener\">Poor air quality testing<\/a> Norfolk Southern <a href=\"https:\/\/www.cnn.com\/2023\/03\/12\/homes\/norfolk-southern-east-palestine-home-values\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">Refusal of homeowners to be compensated<\/a> For the damage its chemical spillage caused to the community.<\/p>\n<p>Biden delivered his 2023 State of the Union Address. <a href=\"https:\/\/www.whitehouse.gov\/state-of-the-union-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">bragged<\/a> That he is committed to &#8220;investing in places and people that have been forgotten,&#8221; The Americans who &#8220;have been left behind and treated like they&#8217;re invisible.&#8221; Biden however, makes it easy for regular Americans to see the U.S. <a href=\"https:\/\/thefederalist.com\/2021\/08\/30\/mother-of-fallen-marine-rails-against-feckless-dementia-ridden-piece-of-crap-biden-for-killing-her-son\/\" target=\"_blank\" rel=\"noreferrer noopener\">Service members<\/a>, <a href=\"https:\/\/thefederalist.com\/2021\/09\/09\/angels-from-the-sky-how-americans-are-rescuing-the-people-biden-left-behind-in-afghanistan\/\" target=\"_blank\" rel=\"noreferrer noopener\">allies,<\/a>  <a href=\"https:\/\/thefederalist.com\/2022\/04\/29\/u-s-special-forces-veterans-rescue-afghan-family-biden-abandoned-reunite-them-with-american-father\/\" target=\"_blank\" rel=\"noreferrer noopener\">Their families<\/a> Biden didn&#8217;t see who was behind the failure to withdraw from Afghanistan, or how the United States could have prevented it. <a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-administration-report-fossil-fuel-industry-job-losses\" target=\"_blank\" rel=\"noreferrer noopener\">There are tens to thousands of workers in the oilfield and fossil fuel industry.<\/a> Biden&#8217;s first day of office saw many people lose their jobs. It was not the woke ruling group who get the short end every time.<\/p>\n<p>The people living in the heartland of the country have struggled for the past two years to pay for essentials such as gasoline. <a href=\"https:\/\/www.cnbc.com\/2023\/03\/03\/egg-prices-increased-70percent-over-the-last-yearheres-why-.html\" target=\"_blank\" rel=\"noreferrer noopener\">eggs<\/a>Protect your home from crime and avoid the national drug crisis. <\/p>\n<p>The U.S.-Mexico border has seen landowners and farmers endure more than two decades of hardship. <a href=\"https:\/\/texasfarmbureau.org\/farmers-ranchers-impacted-by-border-crisis-share-stories-online\/\" target=\"_blank\" rel=\"noreferrer noopener\">cut fences, vandalism<\/a>, Trampled fields, and <a href=\"https:\/\/www.foxnews.com\/us\/migrants-exploiting-border-wall-gaps-contaminate-crops-threaten-nations-food-security-arizona-farmers-say\" target=\"_blank\" rel=\"noreferrer noopener\">Contaminated crops<\/a>. They asked for <a href=\"https:\/\/www.palestineherald.com\/news\/texas-law-enforcement-chiefs-landowners-want-more-help-at-the-border\/article_d2cf7cea-1a88-11ed-afee-e7a8503855b9.html\" target=\"_blank\" rel=\"noreferrer noopener\">Biden will secure the border<\/a> Or at the very least, pay<a href=\"https:\/\/www.borderreport.com\/immigration\/the-border-wall\/texas-border-landowners-ask-for-federal-funding-for-damage-incurred-during-migrant-crisis\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Indemnify property damage<\/a> His border crisis is ignored over and again. It took Biden two years of illegal border crossings that set records before he was allowed to step foot near the agents and communities who continue to bear the consequences of his actions.<\/p>\n<p>It&#8217;s however not yet <a href=\"https:\/\/thefederalist.com\/2022\/07\/28\/in-case-you-werent-convinced-volodymyr-zelensky-is-serious-vogue-is-here-to-tell-you\/\" target=\"_blank\" rel=\"noreferrer noopener\">Vogue model<\/a> Volodymyr Zelensky, the Ukrainian President, who receives billions of dollars, hours-long attention, and overseas trips every time he blinks an eye at the government.<\/p>\n<p>This is the same guy who boasted during his State of the Union address that he had &#8220;put&#8221; in &#8220;<a href=\"https:\/\/thefederalist.com\/2023\/02\/25\/in-east-palestine-and-everywhere-biden-is-putting-america-last\/\" target=\"_blank\" rel=\"noreferrer noopener\">America First<\/a>&#8221; clearly believes this applies only to the ruling class. Even worse, Biden&#8217;s bias towards normal Americans is not a result of deliberate neglect.<\/p>\n<p>Biden Administration considers it a &#8220;good citizen&#8221; to be a &#8220;good citizen.&#8221;<a href=\"https:\/\/thefederalist.com\/2022\/09\/02\/bidens-democracy-lecture-reminded-americans-how-relentlessly-democrats-undermine-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">MAGA Republican<\/a>&#8220;Against the covid jab, pro life <a href=\"https:\/\/thefederalist.com\/2023\/02\/15\/fbis-targeting-of-traditional-catholics-must-be-music-to-the-vaticans-ears\/\" target=\"_blank\" rel=\"noreferrer noopener\">religious<\/a>You can also call it: <a href=\"https:\/\/thefederalist.com\/2022\/08\/22\/the-election-denier-smear-is-the-dumbest-rhetorical-device-in-modern-politics\/\" target=\"_blank\" rel=\"noreferrer noopener\">Be skeptical about the 2020 Election<\/a>You are a threat to democracy and don&#8217;t merit the protection of the U.S. government. The White House thinks you are worthy of wrath. You have earned it. <a href=\"https:\/\/thefederalist.com\/2023\/01\/30\/mark-houck-pro-life-dad-targeted-by-biden-regime-acquitted-of-trumped-up-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">At gunpoint, dragged out your home in front family members<\/a> And labeled as a <a href=\"https:\/\/thefederalist.com\/2021\/11\/16\/doj-whistleblower-documents-suggest-merrick-garland-lied-about-the-targeting-of-parents-as-domestic-terrorists\/\" target=\"_blank\" rel=\"noreferrer noopener\">Terrorists at home<\/a>.<\/p>\n<p>The federal government should work for all Americans and not against them. Biden is wrongly applying this standard.<\/p>\n<hr>\n<p> Jordan Boyd, a staff writer at The Federalist, is also the co-producer and host of The Federalist Radio Hour. Her work has been featured in The Daily Wire and Fox News as well as RealClearPolitics. Jordan graduated from Baylor University, where she studied journalism and political science. Follow Jordan Boydtx on Twitter.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/thefederalist.com\/2023\/03\/14\/biden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=biden-administration-hurries-to-protect-the-ruling-class-but-habitually-abandons-hardworking-americans\">Biden Administration Urges To Protect The Ruling Class, but Habitually Abandons Hardworking Americans<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost immediately after Silicon Valley Bank (SVB) failed, the Biden administration rushed in to clean up a mess that the president\u2019s inflationary spending and the Federal Reserve\u2019s aggressive interest rate changes created in the first place. SVB spent years of spending loads of tech cash on buying up long-term debt, but the bank\u2019s poor investment<\/p>\n","protected":false},"author":490,"featured_media":1898119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[13867,4106,3884,3620,6123,21623,21625,21624,5508,5782],"class_list":["post-1886793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-abandons","tag-administration","tag-americans","tag-biden","tag-class","tag-habitually","tag-hardworking","tag-hurries","tag-protect","tag-ruling"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/490"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1886793"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1898119"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1886793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1886793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1886793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}