Joe Biden and the Lack of Leadership and Courage – I am sure by now you know three banks have failed, leaving billions of dollars in question. And Monday morning Biden was in front of the cameras telling everyone how HIS teams fast reaction to the SVB failure was to assure the public that their money will be given back to them, and that his team will continue to monitor banks and take action if need, well then Sunday they closed another bank Signature Bank in New York failed. Biden would not take any questions after his press conference, and then again today in Las Vegas he would not address questions, but instead wanted to talk about how he was going to lower prescription drug costs. And then of course today, the stock market really tanked, at one point almost 780 points down, but did rebound a little to only be 280 points down at the close, and currently in premarket the DOW is up 12 points, I am sure that will not last.
Then we have Russian fighter jets playing tag with one of our drones, and sending it into the ocean. Of course, both sides are doing their expected chest beating and finger pointing, and I am sure the Biden administration hopes that by tomorrow it will be forgotten, and the legacy media will find something else to showcase the Biden administration.
My take on this, these three bank failures might be only the tip of the iceberg. The Feds are looking at another interest rate hike to , ‘cool inflation’, and this could put some banks that are in marginal shape now over the edge, and they would be forced to close (fail), then watch the investors start to freak out and pull money out of everything, and yes I feel a run on the banks could happen, I pray not.
Joe Biden in both of these case has NOT shown leadership, and has NOT shown courage, instead he runs from the mic when questions are asked about either of these, and would instead want to talk about drug costs. Hell many more banks fail, drug costs will be a moot point.
Biden and his administration are a total and complete failure on EVERYTHING and has made America weaker on so many levels. He has our allies questioning if we have the power to support them if needed, or if that alliance is gone.
This administration has to go in two years, that said, the Republicans better get their head out of the sand, and focus on what America really needs and don’t get distracted by the Hunter Biden crap.
Put America First
Make America Great Again
Today was a Blessing, and Tomorrow is a New Day
2 more years to go? Ugh!!!!