Ep. 144 - The Truth Behind Biden's Economy | State of the Union

Is President Biden painting an accurate picture of the U.S. economy? In this episode, Quinton digs beneath the surface of Biden's State of the Union address, exposing the stark realities behind the rosy rhetoric. From the looming national debt crisis to misleading job reports and the Federal Reserve's likely trajectory, Quinton offers a thought-provoking critique of the administration's economic claims. Government regulation often hurts consumers in the name of helping them, and small wins like housing credits and title insurance changes don't address the larger structural issues. Watch this episode for a frank, no-spin discussion of the real economic challenges facing Americans today.

[00:00 - 01:45] - Introduction

[01:46 - 02:59] - The National Debt Crisis

[03:00 - 04:26] - Interest Payments Surpass Defense Budget

[04:27 - 05:26] - Has Biden Really Reduced the Debt?

[05:27 - 08:41] - Misleading Job Reports: ADP vs. BLS Numbers

[08:42 - 11:00] - The Myth of a Healthy Economy

[11:01 - 12:38] - Consumer Spending Surge

[12:39 - 13:57] - Small Wins

[13:58 - 16:16] - A Divided State of the Union

[16:17 - 16:58] - Full-Time Jobs Disappear, Replaced by Part-Time Work

[16:59 - 18:34] - Closing Segment

Resources:
Job Reports: bit.ly/MBSjobs2024   

(CREDIT: MBS Highway)

Key Quote:

“The interest payment that we're making on the national debt, that is actually greater now than the money we spend on the Department of Defense." - Quinton Harris

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