Bidens

Biden’s approval rating falls to new low, Quinnipiac poll finds

WASHINGTON — President Joe Biden’s approval rating dropped to 33% in a new Quinnipiac University poll, the lowest mark of any major public survey during his presidency, as he takes a beating over his handling of the economy and coronavirus.

The poll, conducted Jan. 7 though Jan. 10 and released Wednesday, found 33% of all 1,313 adults surveyed approve of Biden’s job performance, while 53% disapprove. Ten percent did not offer an opinion.

The poll has a margin of error of 2.7 percentage points. When isolating just registered voters, Biden’s approval rating improves slightly to 35%. 

Biden’s dismal numbers

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Companies Donated Millions to Those Who Voted to Overturn Biden’s Win

But many companies have restarted campaign donations, with some saying they are doing so in the spirit of nonpartisanship.

“Our employee PAC program continues to observe longstanding principles of nonpartisan political engagement in support of our business interests,” said Trent Perrotto, a spokesman for the defense contractor Lockheed Martin, which contributed $145,000 to 72 lawmakers who voted against certifying the election.

Sharon J. Castillo, a Pfizer spokeswoman, said in a statement that “following the events of Jan. 6, 2021, the company adhered to its commitment to pause political giving to the 147 members of Congress who voted against certifying the

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The single most important — and powerful — line from Joe Biden’s 1/6 speech

That’s President Joe Biden during a speech he gave Thursday morning to commemorate the one-year anniversary of the US Capitol riot. It’s not only a memorable line — it’s likely to be the one that gets repeated the most today and in the days to come — but also a hugely important one if we hope to fully come to grips with what happened last January 6 and everything that led to that moment.

At the heart of the line is the idea of patriotism. Remember that Donald Trump ran for president in 2016 expressly on the idea of putting … Read More

Tucker Carlson: Biden’s economic policy, labor shortage ‘not a good sign’

NEWYou can now listen to Fox News articles!

Here’s a question — what happens when you crush entire sectors of your own economy for nearly two years and then, to compensate for your crime, you decide to inject trillions of dollars of freshly printed cash into the system? What happens if you do that? Well, honestly, we don’t really know what happens when you do that, because no one in history has ever been stupid enough to try it. It’s going to be years before we really understand the consequences of all this, of our government’s reckless coronavirus policy.

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Biden’s historic food-stamp increase could hurt long-term economic growth, wages

The Biden administration’s massive food-stamp expansion, the largest permanent increase to benefits in the program’s history, could cut economic growth over the next decade, according to a new study published last week. 

Findings from the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania’s Wharton School, show the changes to the program will reduce GDP by 0.2% in the next 10 years. The negative impact becomes more pronounced in the future: By 2041, it will slash growth by 0.3%, and by 2051, the economy will

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Joe Biden’s Buy American push is good politics but bad economics

And he took a small step toward ensuring Washington can upgrade less of it.

That step backward came with Biden’s move last week to stiffen requirements that federal government purchases be limited to products made in the United States — even if they’re more expensive. Thus he followed the grooves set by both Democratic and Republican predecessors, who have consistently embraced crowd-pleasing “buy American” stances that make economists groan.

“Counter-productive,” cautioned Melissa Kearney, a University of Maryland professor who favors much of Biden’s economic agenda. “It really makes some of the administration’s other goals harder to achieve.”

Biden acted to … Read More

Economists clash over inflation tied to Biden’s $3.5T spending plan

Economists are sharply divided over whether President Biden’s $3.5 trillion infrastructure package will exacerbate inflation pressures that are already the most severe in decades. 

Senate Democrats are currently drafting the human infrastructure package that they hope to ram through via budget reconciliation, a process that would allow them to pass the legislation with a simple majority rather than the 60 votes needed to avoid a Republican filibuster.  

The $3.5 trillion in spending would add to the almost $6 trillion that has already

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Democrats Push a Budget to Fulfill Biden’s Aggressive Economic Ambitions

WASHINGTON — The $3.5 trillion budget blueprint that Democrats unveiled in the Senate this week promises to reshape the government’s role in the economy, in ways President Biden and his party have called essential to rebuilding the American middle class, lifting people out of poverty and tackling the threat of climate change.

Its passage in Congress remains far from assured, with a series of hurdles in the coming months, including filling in key details on taxes and spending and holding together a fragile Democratic coalition. But if the plan’s central components become law, it would be the capstone achievement Democrats

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Biden’s unemployment blunder is crushing economic supply chains

Delta-variant scare tactics notwithstanding, the United States economy is exiting the coronavirus age. The government’s emergency actions over the past year that forestalled an economic crash are now catching up with us, with a White House seemingly unable to recognize the scale of the potential issue. Various measures, including extending the unemployment bonus program, will further accelerate the fastest inflationary pressure in 40 years. Without swift action, the American economy soon will face the hangover due to disruptions in the supply chain of raw materials and finished goods.

There are various reasons for the current inflation surge. Perhaps the largest

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Inside the $40-billion-a-year tax ‘loophole’ Biden’s plan would eliminate

The federal tax code contains a loophole so big that in the time you spend reading this article, it will have saved wealthy families and their heirs an average of about $400,000. Over the course of a day, the average total savings is more than $100 million.

Families without sizable estates may be unfamiliar with the provision, but it’s been on the books for more than 90 years and has helped the wealthy pass on billions in dollars to their descendents tax-free.

It’s known as the stepped-up basis rule, or, as President Joe Biden called it this month, the “trust

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