Bidenomics update! 'Credit agency sees U.S. economy likely to slip into recession'

Doug P. | 11:31 AM on August 02, 2023

The Biden White House's attempts to convince everybody the economy's doing just great -- all while many of our bank accounts, wallets, purses, investment portfolios, grocery & gas bills are telling a very different story -- continue.

It's actually grossly insulting:

A job is about dignity – it’s about being able to look your kid in the eye and say: “It’s going to be okay.”

And thanks to Bidenomics, we've created 13.2 million of them. pic.twitter.com/95rs6DypjN
— President Biden (@POTUS) July 24, 2023

Bidenomics is our plan to invest in America, and build a future in which all people can truly thrive.
— Vice President Kamala Harris (@VP) July 25, 2023

How's "Bidenomics" actually going?

Here's the latest proof the Biden White House is full of more crap than the New York City sewer system:

U.S. AAA debt rating gets a downgrade by Fitch; credit agency sees U.S. economy likely to slip into recession https://t.co/owTgHpY3vt
— MarketWatch (@MarketWatch) August 1, 2023

There's SO MUCH "Building Back Better" here:

Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA, saying that it reflects “expected fiscal deterioration,” a “high and growing” government debt burden and an “erosion of governance” in face of repeated debt-limit standoffs and other ills.
Fitch warned in June that it could take that step even as the latest debt-ceiling showdown ended in a last-minute deal to avert a government shutdown. The ratings agency initially put the U.S. debt on a negative watch in May, as the debt-ceiling fight has been dragging on for months.

According to VP Harris, that's a sign the country is "thriving."