Biden REALLY NEEDS a victory

This morning, Joe Biden will announce a framework for his reconcilliation bill. He's hoping that this will start some Joementum for the stalled bill. He'll need something after this morning's GDP report came in at 2%.

This is actually semi-miraculous considering the vaccine-mandate-induced employee shortages, the supply chain crisis and the end of the stimulus checks. Now that that's worn off, there isn't a reason for people to invest in expanding their businesses.

When you punish success, you get less prosperity. That's what's happening right now. Democrats want to punish prosperity. Their goal is to redistribute wealth. It isn't to create wealth. With these fundamental in place and with the supply chain crisis beyond the Democrats' comprehension in terms of solutions, expect this GDP drag to continue.

Rick Santelli tells it like it is in this report:

Considering the fact that Biden's Build Back Better Bill is slowly going up in flames, Biden is left with no leverage to negotiate with and nothing that tells either the Manchin-Sinema side or AOC-Bernie side that he's the closer that the MSM bragged about when Biden was inaugurated.

Biden's credibility and prestige have taken major hits since negotiations started. Now that his economic plans aren't producing the GDP growth that he'd hoped for, things might unravel quickly. The Bidenomic fundamentals are built on a shaky foundation at best. Now that the Stimulus sugar high is virtually past us, there isn't much to sustain this economy.

UPDATE: Bernie Sanders has stabbed Biden's plan by saying the Build Back Better Bill is insufficient. That virtually guarantees that BBBB will be on life support by the time AF-1 enters European air space.

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