by Michael Snyder, The Economic Collapse Blog:
When you look at Joe Biden, you are also getting a visual picture of what is happening to our economy as a whole. Both have been getting artificially propped up for a long time, both are now sick once again, and both are starting to decline very rapidly at this point. There is lots of speculation that Joe Biden is not going to be able to make it much longer, and of course the exact same thing could be said about the U.S. economy. Sadly, the truth is that the clock won’t stop ticking and time is not on the side of either one of them.
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On Wednesday, we learned that Joe Biden has once again tested positive for COVID…
President Joe Biden tested positive for COVID-19 following an event Wednesday in Las Vegas, the White House confirmed.
This is the third time the president has tested positive for the virus. And Biden is not alone: the positivity rates for COVID-19 have been increasing recently, as have visits to the emergency department and deaths.
Biden, 81, is vaccinated and boosted and is “experiencing mild symptoms,” White House press secretary Karine Jean-Pierre said in a statement.
The White House is trying to make it sound like this isn’t a big deal, but Biden certainly didn’t look like he was just “experiencing mild symptoms” when he arrived in Delaware on Wednesday night…
The 81-year-old – whose political future is in jeopardy due to his age – walked very slowly off Air Force One, pausing multiple times.
He then put on a mask on inside the black SUV that carted him off to his beach house in Rehoboth.
Biden also appeared to need some assistance as he slowly nudged himself into the car before the motorcade pulled away.
Of course this is happening at a time when speculation that Biden could drop out of the race has reached a fever pitch.
Axios is reporting that some “top Democrats” believe that Biden could make an announcement “as soon as this weekend”…
Several top Democrats privately tell us the rising pressure of party congressional leaders and close friends will persuade President Biden to decide to drop out of the presidential race, as soon as this weekend.
Personally, I don’t know if Biden is ready to throw in the towel quite yet.
But we shall see what happens.
Meanwhile, more bad economic news continues to pour in.
For example, we are being told that home eviction filings are way up all over the nation…
Home evictions are on the rise in several major cities nationwide as Americans continue to grapple with the ongoing cost-of-living crisis.
Eviction filings over the past year are up more than 15% compared with the period before the COVID-19 pandemic began in 10 cities across the country, according to the Eviction Lab, a research unit at Princeton University. The Eviction Lab tracks 10 states and 34 cities.
However, the problem is noticeably worse in five cities, where the eviction rate is at least 30% higher than it was before the pandemic started.
Whether someone is seeking to rent or buy, housing costs have soared into unprecedented territory.
And this is one of the biggest reasons why so many Americans are so deeply frustrated with the economy right now.
According to Fox Business, the “median monthly housing payment for homebuyers in swing states” has risen 92 percent since the last presidential election…
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