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JP Morgan Boss Warns of ‘Bidenomics’ Emphasis on Higher Taxes

JP Morgan Boss Warns of ‘Bidenomics’ Emphasis on Higher Taxes

by America First Report
July 14, 2023
in All Around the Web
Reading Time: 1 min read

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Inflation for hurting American consumers exploded under Joe Biden. Just a little over a year ago, it was at 9.1% – costing people thousands of dollars a year more just to live the same lifestyle they had a year or two earlier.

The response was for the Federal Reserve to surge interest rates, which cost any consumer who has a credit card or financing for a car or home even more. Even now, inflation is down from a year ago, but remains far above the government’s goal. Blame it on Joe Biden.

That’s according to JP Morgan Chase CEO Jamie Dimon who was interviewed by the Economist. A report at the Daily Mail confirmed that Dimon questioned the effectiveness of “Bidenomics,” previously known as “Bidenflation,” and “blamed Joe Biden’s $5 trillion economic stimulus for causing inflation.”

Biden has been scheming to raise a lot of taxes, especially on the wealthy “in order […]

Excerpt Sourced From: redwave.press


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