Hey Peter DeVar here with today's sub stack and podcast with Joe Biden out on the campaign

trail pitching Bidenomics as the best thing since sliced bread. I want to give you a little dose of reality so here we go

Baidnomics equals stagflation and oblique American future

Baidnomics equals stag flesh.

That's America's sober economic reality

after more than two and a half years

of a Joe Biden presidency potmarked by profligate government spending soaring

interest in mortgage rates a precipitous loss of strategic energy

dominance a southern border invasion,

a new and expensive endless war,

and a rapidly expanding trade deficit.

Stagflation is a tax crueler than inflation alone which eats away at our purchasing power.

This is because the stag part of stag inflation also entails recession or slow economic growth.

As the 2024 presidential election approaches,

Bidenomics is conjuring up the ghost of a 1970s, stagflation passed that ended in a landslide victory

by the Republican Ronald Reagan over Democrat Jimmy Carter.

The final 1980 presidential debate, with polls surprisingly close, given the grim economy,

candidate Reagan asked the American people, are you better off today than you were four years ago?

Bad question and it's obvious no answer triggered a decisive break in undecided

voters to the Reagan camp.

Will this Reagan-Carter pass be prologue to a resounding Biden defeat?

The answer to this question must begin with this observation.

...