{"id":2319427,"date":"2024-08-05T13:14:01","date_gmt":"2024-08-05T17:14:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-words-from-6-days-ago-come-back-to-haunt-him-as-economic-disaster-strikes\/"},"modified":"2024-08-05T13:18:56","modified_gmt":"2024-08-05T17:18:56","slug":"bidens-words-from-6-days-ago-come-back-to-haunt-him-as-economic-disaster-strikes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-words-from-6-days-ago-come-back-to-haunt-him-as-economic-disaster-strikes\/","title":{"rendered":"Biden&#8217;s Words from 6 Days Ago Come Back to Haunt Him as Economic Disaster Strikes"},"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\">30<\/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%2Fbidens-words-from-6-days-ago-come-back-to-haunt-him-as-economic-disaster-strikes%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=2319427&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--><p>The passage discusses the political landscape surrounding \u2062economic downturns, particularly\u200b focusing on President Joe Biden&#8217;s recent comments about the economy and the subsequent market crash\u200c that followed poor employment\u2064 numbers. It contrasts Biden&#8217;s handling of the economy with that of former \u2063President \u2064Herbert Hoover, who entered the White House\u200b with significant public support but <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mike-lindell-reveals-hes-lost-everything-all-of-it-is-gone\/\" title=\"Mike Lindell shares devastating news: &#039;I&#039;ve lost everything, it&#039;s all gone.&#039;\">faced immense challenges<\/a> during the Great Depression, often unfairly blamed for a crisis beyond his control. In contrast, \u2064the author argues that Biden should \u200bbear the blame for the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bare-shelves-biden-trends-near-top-of-twitter-as-users-highlight-supply-chain-crisis-apocalypse-now\/\" title=\"\u2018Bare Shelves Biden\u2019 Trends Near Top Of Twitter As Users Highlight Supply Chain Crisis: \u2018Apocalypse Now\u2019\">current economic issues<\/a> as they are \u2064linked to his policies, referred to as &#8220;Bidenomics.&#8221; The text reflects on how public perception can shift dramatically based \u2064on \u200ccurrent events,\u2064 highlighting the complexities of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/presidential-historians-list-obama-among-top-10-presidents-rank-trump-near-bottom-survey\/\" title=\"Presidential Historians List Obama Among Top 10 Presidents, Rank Trump Near Bottom: Survey\">economic management<\/a> and individual presidential legacies.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> <script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><\/p>\n<p>Sometimes events prove overwhelming, and otherwise capable presidents suffer unfairly at the hands of posterity.<\/p>\n<p>At other times, however, a lying swindler of a politician finds himself on the precipice of well-deserved infamy.<\/p>\n<p>For those watching in trepidation as global markets have plummeted on Monday, President Joe Biden&rsquo;s comments on the state of the economy as recently as six days ago should serve as a reminder that the <a href=\"https:\/\/www.westernjournal.com\/bidenomics-destroying-america-mays-jobs-report-proof\/\" target=\"_blank\" rel=\"noopener\">calamitous 46th president<\/a> belongs in latter category.<\/p>\n<p>According to the <a href=\"https:\/\/nypost.com\/2024\/07\/30\/us-news\/biden-says-he-and-kamala-harris-are-talking-about-vp-pick-claims-his-legacy-is-ive-cured-the-economy\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a>, Biden spoke with reporters around 1:30 a.m. last Tuesday following a trip to Texas.<\/p>\n<p>When asked by a reporter how he wanted young people to remember his legacy, the president made a comment too dim-witted or dishonest to believe from nearly any other politician.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>&ldquo;That I&rsquo;ve cured the economy and the environment and a few other small things,&rdquo; he said.<\/p>\n<p>So he &ldquo;cured the economy,&rdquo; did he?<\/p>\n<p>On Monday morning, according to <a href=\"https:\/\/www.foxbusiness.com\/markets\/us-stocks-august-5-2024\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a>, U.S. stocks plunged amid fears of recession.<\/p>\n<p>Bill Adams, chief economist at the Dallas-based Comerica Bank, attributed the sell-off to <a href=\"https:\/\/www.westernjournal.com\/ap-number-americans-filing-jobless-claims-hits-highest-level-year\/\" target=\"_blank\" rel=\"noopener\">poor employment numbers<\/a>.<\/p>\n<p>&ldquo;The July jobs report is being viewed as a recession warning, and the markets are responding accordingly,&rdquo; Adams said.<\/p>\n<p>Meanwhile, a clip of Biden making his &ldquo;cured the economy&rdquo; pronouncement began circulating on the social media platform X.<\/p>\n<p>&ldquo;Well this aged like spoiled milk,&rdquo; one X user wrote.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&ldquo;I cured the economy&rdquo;<\/p>\n<p>&ndash; Joe Biden, days ago.<\/p>\n<p>Well this aged like spoiled milk<a href=\"https:\/\/t.co\/SJccoHZLCy\">pic.twitter.com\/SJccoHZLCy<\/a><\/p>\n<p>&mdash; Gunther Eagleman&trade; (@GuntherEagleman) <a href=\"https:\/\/twitter.com\/GuntherEagleman\/status\/1820459310456913942?\">August 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On the social media platform , former President <a href=\"https:\/\/www.westernjournal.com\/rasmussen-poll-numbers-kamalas-bounce-didnt-phase-trump\/\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a> acknowledged the seriousness of the situation and placed the blame where it belongs.<\/p>\n<p>&ldquo;STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT &lsquo;LEADERS&rsquo; IN HISTORY. THIS IS NOT GOOD!!!&rdquo; Trump wrote.<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909351574797350\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>In a subsequent post highlighting the situation&rsquo;s global context, Trump called the crash a &ldquo;preview of the world markets without Donald J. Trump in the White House.&rdquo;<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112909408795004680\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>Of course, no one wants to see a recession or, worse yet, a global depression. But when the world descends into <a href=\"https:\/\/www.westernjournal.com\/iranian-leader-orders-massive-escalation-clash-israel-report\/\" target=\"_blank\" rel=\"noopener\">madness<\/a>, as it did in the early 20th century, disasters do follow.<\/p>\n<p>In 1929, Herbert Hoover entered the White House with one of the strongest mandates of any president in history. His 444-87 Electoral College triumph over Democrat Alfred E. Smith in the <a href=\"https:\/\/www.presidency.ucsb.edu\/statistics\/elections\/1928\" target=\"_blank\" rel=\"noopener\">1928 presidential election<\/a> came with a 17.4 percent margin of victory in the popular vote that seems unthinkable today.<\/p>\n<p>Furthermore, Hoover had a lengthy record of impressive public service that even Democrats acknowledged.<\/p>\n<p>&ldquo;I wish we could make him president of the United States. There couldn&rsquo;t be a better one,&rdquo; future president Franklin D. Roosevelt once <a href=\"https:\/\/www.digitalhistory.uh.edu\/disp_textbook.cfm?smtid=2&amp;psid=3395\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p>In short, Hoover did not deserve to preside over the Stock Market Crash of October 1929 and ensuing Great Depression. Nor did he entirely deserve blame for it. In fact, he <a href=\"https:\/\/www.history.com\/news\/world-war-i-cause-great-depression\" target=\"_blank\" rel=\"noopener\">correctly observed<\/a> that the lingering effects of World War I had helped trigger the downturn.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/cbs-interviewer-cant-believe-pelosis-plan-honoring-biden-really-saying-belongs\/\" target=\"_blank\" rel=\"noopener\">Biden<\/a>, on the other hand, would deserve the infamy associated with a market crash during his administration.<\/p>\n<p>After all, if the current sell-off began in response to a terrible jobs report, then it really began in response to Bidenomics, which very obviously has &ldquo;cured&rdquo; nothing.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<p>   <script>console.log(\"ad slot (BA1)\")<\/script> <\/p>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes, events can be so overwhelming that even competent presidents are unfairly judged by history. Conversely, there are times when a deceitful politician faces the consequences of their actions. As global markets experienced a significant drop on Monday, President Joe Biden&#8217;s remarks about the economy just six days prior serve as a stark reminder that he falls into the latter category. <\/p>\n<p>According to the New York Post, Biden spoke with reporters early Tuesday morning after returning from Texas. When asked how he wanted young people to remember his legacy, he made an astonishingly foolish or dishonest statement that would be hard to believe coming from almost any other politician: \u201cThat I\u2019ve cured the economy and the environment and a few other small things.\u201d <\/p>\n<p>On Monday morning, Fox Business reported that U.S. stocks fell sharply amid recession fears, with Bill Adams, chief economist at Comerica Bank in Dallas, linking this downturn to disappointing employment figures. He noted that &#8220;the July jobs report is being viewed as a recession warning,&#8221; prompting market reactions accordingly.<\/p>\n<p>A clip of Biden\u2019s claim about having &#8220;cured&#8221; the economy quickly spread on social media platform X (formerly Twitter), where one user remarked sarcastically about how poorly it had aged: \u201cI cured the economy\u201d \u2013 Joe Biden just days ago.<\/p>\n<p>Former President Donald Trump also weighed in on social media regarding this serious situation and placed blame appropriately: \u201cSTOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE&#8230; THIS IS NOT GOOD!!!\u201d In another post discussing global implications of these events, Trump referred to the market crash as a preview of what world markets look like without him in office.<\/p>\n<p>While no one wishes for a recession or potential global depression\u2014historical precedents show that chaos often leads to disaster\u2014Biden would indeed bear responsibility for any economic downturn during his presidency. If current market declines stem from poor job reports linked directly to his policies (often termed &#8220;Bidenomics&#8221;), then it is clear they have not achieved their intended goals<\/p>\n","protected":false},"author":1,"featured_media":2319428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/Joe-Biden.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3620,37224,32171,37225],"class_list":["post-2319427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden","tag-economic-disaster","tag-political-commentary","tag-recent-news"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/Joe-Biden.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319427","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2319427"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2319428"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2319427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2319427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2319427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}