Wtf Is Bidenomics? How It Affects You

"there is no there's no cash for small businesses and when the FED raises rates another 50 basis points that's going to make it worse so no I'm not happy and I'm in the real world talking to CEOs of small companies that are family owned in America in almost every state every day they're not happy either"

"and there's a major Crisis coming in here's the data that he's referring to the optimism index which measures how happy small businesses are right now just reached the highest level in 2023 but Kevin's argument here is that the data is not showing the full picture because you usually takes anywhere between 12 to 18 months for the economy to feel the full pain of higher interest rates and the FED has started to raise rates 16 months ago back in March of 2022 and rates were closer to zero and now of course the rates are up over five percent now 12 to 18 months from that point on puts us exactly at march to September of this year so anytime between that time frame is when small businesses will feel the pain of the cost of capital the most"

"so the truth is yes the president has created more new jobs while he was in office but it's nowhere near the amount the White House would like for us to believe it's not 13 million new jobs if anything it's closer to 4 million jobs on the higher end"

"the real truth is that a lot of the deficit reduction can be attributed to the spending we did in 2020 with the stimulus when both parties approved 3.1 trillion dollars of new spending so fast forward to 2021 and 2022 when those programs expired the deficit went from 3.1 to 1.4 which is a difference of exactly 1.7 trillion dollars which is where they get that number so yes the deficit was reduced but it was something that happened automatically"

"I also want to acknowledge that investing 550 billion dollars over the next five years on our infrastructure is a good thing studies show that this tends to have a positive effect on a country's GDP because it makes the country more efficient in the long term"

"and then of course we can't forget about how good the stock market and the housing market have done so far the S P 500 for example is represented by this ETF ticker symbol vo the golden Benchmark that all investors try to compete against is up 18 this year which is amazing when you remember that stocks are supposed to return between 8 to 10 percent in a good year so this is really really good"

"The S P 500 for example is represented by this ETF ticker symbol vo the golden Benchmark that all investors try to compete against is up 18 this year which is amazing when you remember that stocks are supposed to return between 8 to 10 percent in a good year"

"And the FED raises rates another 50 basis points that's going to make it worse so no I'm not happy and I'm in the real world talking to CEOs of small companies that are family owned in America in almost every state every day they're not happy either so I'm not listening to that data I'm dealing with reality"

"because you usually takes anywhere between 12 to 18 months for the economy to feel the full pain of higher interest rates and the FED has started to raise rates 16 months ago back in March of 2022 and rates were closer to zero and now of course the rates are up over five percent now 12 to 18 months from that point on puts us exactly at march to September of this year so anytime between that time frame is when small businesses will feel the pain of the cost of capital the most"

"The truth is yes the president has created more new jobs while he was in office but it's nowhere near the amount the White House would like for us to believe it's not 13 million new jobs if anything it's closer to 4 million jobs on the higher end"

"because even though there are four million new jobs the amount of money people made in terms of the median earnings in that time frame are actually down when taking inflation into account"

"but it is good for at least 800 000 borrowers because 39 billion dollars worth of federal student loan debt will be canceled"