JOE BIDEN - SURE, I MAKE A LITTLE LOOT OFF RED CHINA. IT'S NOT ILLEGAL BECAUSE IT'S SIPHONE THROUGH MY SON. ANYWAY, IT'S NOT NEARLY AS MUCH AS DIANNE FEINSTEIN HAS RAKED IN SERVING CHINA FROM THE SENATE!!!

Democrats are actively hostile to middle- and working-class Americans. Republicans whose fealty belongs to the Chamber of Commerce (open borders and no tariffs) are passively hostile to middle- and working-class Americans. Until Americans start electing politicians who put America first, our political class will continue to destroy us. One day, it’ll be we Americans who are making cheap gimcracks for China, with our salaries clocking in at the $1 a day that was once the going rate for slave labor in China. 

Joe Biden takes a major step to prop up the Chinese economy

By Andrea Widburg

One of the great things Trump did for America was to impose tariffs on Chinese goods that the Chinese government was subsidizing as part of its goal to continue destroying America’s manufacturing sector. Last week, Biden lifted 64% of those tariffs on a broad range of productes.

When globalism first become a thing, probably around the Bronze Age (approximately 3300 B.C. to 1190 B.C.), trade meant getting from another country something that couldn’t possibly come from your own country. That’s what globalism meant right up until the post-WWII period.

In the post-war years, Asian countries started competing with America for manufacturing. American companies, both large and small, learned that everything they made in America could be made more cheaply in Asia. Regulations were few or non-existent, and labor costs were de minimis, while costly labor unions were non-existent.

For those Americans who weren’t laid off when factories closed, Asian manufacturing meant an endless cornucopia of cheap goods. Eventually, Japan and Taiwan stopped making garbage and started making goods of superior quality. Once again, American manufacturing was locked out and consumer prices rose—but if you bought a Japanese jigsaw or a Taiwanese computer monitor, you were getting value for the money.

China was different, though. China has never made quality goods. Nor has it ever truly competed in a free market, unlike other Asian countries. Instead, the government subsidizes Chinese products to ensure that American companies abandon their home country for China.

If you’ve tried to stop buying Chinese goods, you’ve discovered how few American-made products there are. Everything (including most of our prescription medicines, except those from India) comes from China.

Thus, we no longer look to globalism to bring to America exotic goods we can’t get elsewhere. Instead, we’ve made ourselves utterly dependent on China to provide the basic materials that underlie American life—and China means to keep it this way, thanks to that government underwriting, along with corrupt trade practices, and the use of prison and Uyghur slave labor.

President Trump recognized this dangerous dependency on China. If we cannot make any of the basic staples of modern life, China can extort us at any time. Therefore, he offended libertarians and other free traders by imposing significant tariffs on China, in part to punish its trade cheating, and in part to encourage manufacturers to return to America.

Image: Made in China label by Bill Bradford. CC BY 2.0.

Then, Biden got himself into the White House—the same Biden who dragged his debauched, untalented, drug-addicted son with him on official government trips to China. Once there, that same son magically acquired $1.5 billion in business contracts from entities that are basically fronts for the Chinese Communist Party.

While Biden was out of the White House, the Chinese might have wondered whether that $1.5 billion investment was worth it. Now, though, the Chinese know their ship’s about to come in. Sure, Biden’s made nasty remarks about China but the Chinese understand that he’s got to maintain the façade of a president “tough on China.” What’s important is what Biden does for China.

Last week, Biden did something very big for China:

President Joe Biden’s administration has eliminated United States tariffs on more than 350 products made in China, nearly all of which could be made in the U.S. or other countries.

The Section 301 tariffs on billions of dollars worth of China-made products were first imposed by former President Trump after a decades-long free trade consensus in Washington, D.C., that has eliminated 3.7 million American jobs from the U.S. economy from 2001 to 2018.

Late last week, Biden’s U.S. Trade Representative (USTR) Katherine Tai announced that after an extensive review process on nearly 550 China-made products subject to U.S. tariffs, the administration would eliminate tariffs on 352 of those products.

The China-made products that will escape U.S. tariffs thanks to Biden include breast pumps, solar water heaters, garage door openers, X-ray tables, and thermostats, as well as food products from China such as crab meat, Dungeness crab, and Alaskan sole.

And where were the Democrats as these deals were being cut? Well, quite a few of them were in the background, cheering Biden on. Per Breitbart reporting, numerous Republicans were part of a bipartisan consortium urging Biden to stop protecting American manufacturing. The Republicans include Representatives Darin LaHood (R-IL), Jackie Walorski (R-IN), Ron Kind (D-WI), Suzan DelBene (D-WA), Kevin McCarthy (R-CA), Cathy McMorris Rodgers (R-WA), Burgess Owens (R-UT), Nicole Malliotakis (R-NY), Ken Buck (R-CO), Young Kim (R-CA), and Anthony Gonzalez (R-OH).

Democrats are actively hostile to middle- and working-class Americans. Republicans whose fealty belongs to the Chamber of Commerce (open borders and no tariffs) are passively hostile to middle- and working-class Americans. Until Americans start electing politicians who put America first, our political class will continue to destroy us. One day, it’ll be we Americans who are making cheap gimcracks for China, with our salaries clocking in at the $1 a day that was once the going rate for slave labor in China. 

BIDENOMICS: THE MAN WHO DESTROYED OUR BORDERS IS WORKING HARD TO ACCOMPOLISH THE SAME ON OUR ECONOMY. VISUALIZE IMPEACHMENT.

Our Worst Nightmare Just Became REAL...

https://www.youtube.com/watch?v=mIiVntHNAeY

The Economic Collapse Just Got Real! Car Price Nightmare, Housing Bubble Worsens, Wages Fail

https://www.youtube.com/watch?v=s-5zR2Xk5GU

Food Shortage Aggravates As Supply Chain Breakdown Trigger Panic At Local Supermarkets

https://www.youtube.com/watch?v=KQTjrwchrkY

Shocking Signs That Show That The Middle Class In The U.S. Is Being Systematically Destroyed

https://www.youtube.com/watch?v=cYenuu1qeM

BIDENOMICS: THE RICH GET MUCH RICHER, THE REST GET THE SHAFT!

30 Facts American Families Are Getting Pulverized By This Economy

https://www.youtube.com/watch?v=_2hRRLIvpdA

How can Americans afford to survive in today’s economy? The cost of everything is going through the roof, and wages are stagnating amid rampant inflation. Today, the median household income is a little over $65,000 a year, which means that the average family earns around $5,400 a month. But before any of that money gets spent, you have to take out at least $1,100 in taxes. That leaves about $4,300 a month to pay all the bills. So if you have to pay the mortgage or rent, at least another $1,100 goes away, which means that now you have $3,200 to make make your car payments, student loan payments, energy bills, water bills, phone bills, cable bills, internet bills, health insurance, home insurance, and most importantly, you have to provide three meals a day for every member of your family and the cars need to be filled up with gas or you won’t go anywhere. On top of that, there are always extra expenses such as home or car repairs, or new clothes and shoes for your kids. With all things considered, it’s understandable why so many families are struggling financially. Workers are facing immense hardships as labor conditions continue to decay. The number of good jobs is steadily dropping, and most positions do not support middle-class lifestyles anymore. Meanwhile, millions of families are seeing their purchasing power getting squeezed harder and harder with each passing month as the cost of living just keeps going up. To make things worse, as supply chains collapse, global tensions rise, markets react and the economy falls back into recession, the American family is going to have an even more difficult time trying to survive financially in the coming months. Most people in the U.S. are living in an almost constant state of financial despair right now. Parents are spending sleepless nights wondering how they are going to explain to their children that they cannot provide for the same things they used to or how are they going to stay above water for another month. In modern-day America, if you can keep yourself from getting evicted by your landlord or prevent your home from being foreclosed, and if you’re able to put food on the table every day, and put clothes on the backs of your children, then you’re extremely lucky because there are millions out there that don’t have the conditions to do so. This once was a nation for the great. But now, the American dream has turned into a horrifying nightmare. n today’s video, we compiled 30 facts that prove that the average American family is getting absolutely pulverized by this economy. For more info, find us on: https://www.epiceconomist.com/