3 Comments
Mar 26Liked by Vaughn Cordle, CFA

Vaughn,

I defer the financial analysis to you. I'm a Monday morning analyst based on my experiences running businesses. I've worked with people of all pay scales and seen how they respond to changes in the economy; that's where my comments come from (and my Econ minor from college).

I'm happy to review anything you would like but I'll let you develop your outline without interference.

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Vaughn,

You are too kind to Biden. The man's sole focus since he entered office was to become President of the United States. He would have tried in 2016 but Obama, his handler, wouldn't hear it because even Obama thought Joe was not competent then.

Biden has a history of swinging in the wind to whatever side of an issue he thinks will help advance his career. From support of the KKK, opposition to busing, opposition to immigration, and a balanced budget, to his current positions which are diametrically opposite from prior positions. While it is understandable that a person can modify their opinions due to new facts or better thinking, that's not Biden's habit.

His most recent damaging actions include deliberate violation of Supreme Court interpretations of the US Constitution. Biden doesn't care what the law is or why a law was written and passed; if it goes against is present plans (to buy votes) he will ignore the law, the Constitution, and the overall structure of the US Government (three co-equal branches).

You are correct, Biden is indeed clueless of how the nation works and creates wealth. His actions are damaging to the middle class which he claims to be part of (he hasn't been part of the middle class since he was a 2nd term Senator and has become far wealthier than his claimed peers). His actions will bankrupt the middle class, not due to his direct taxes which he claims will only be applied to people earning over $400k per year. He will bankrupt them with significant inflationary cost increases. He claims to raise the minimum wage without realizing that raises all costs. It also pushes the middle class to purchase goods made overseas (China, Vietnam, India, etc.) and destroy the US manufacturing base. Additionally, his actions will accelerate the implementation of AI and robotics further eliminating jobs for the middle class.

Biden is a disaster who should be replaced in November. I hope my wishes come true. He'll still have another 2-1/2 months to do damage, but at least the damage will have a clear end.

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