Letter to the editor: Biden's policies not working

Just about everybody on Wall Street knows that the Biden administration’s economic policies are driving our economy into a deep recessionary ditch. Since President Biden took office and began reversing President Trump’s policies on fossil fuels, energy independence, the southern border and government spending, the inflation rate has surged to 6.4% , from about 2% during the Trump administration. This has caused the Federal Reserve to raise interest rates several times.

We now have had three bank failures, the highest level of credit card debt in our history, some at 20% interest, a struggling stock market, declining job opportunities and wage growth unable to keep up with inflation. Over 50% of our middle class is now living from paycheck to paycheck.

To address these recessionary forces, if not too late, Biden should reduce government spending and government waste, get out of the way of the energy industry and quit paying Americans not to work. According to University of Chicago economist Casey Mulligan, two years after the pandemic, we are still paying people excessively in cash and benefits not to work, at a time businesses desperately need workers. In fact, in 24 states, a family of four, with no one working, receives between $80,000 to over $100,000 per year in benefits, Mulligan reports.

Biden needs to realize that our economic goals need to be opportunity, prosperity and freedom for all, not excessive social programs, or green energy, or woke socialism for some. For our future, should we vote for a likable guy with terrible policies, or an abrasive one whose policies work?

Ron Raymond

Buffalo Township