On 3/9/2023, Joe Biden traveled to Philadelphia to deliver a budget proposal which includes $2 trillion in tax hikes. Republicans are expected to reject Biden’s budget proposal. Biden claimed his Admin has “brought down inflation seven months in a row.”
Biden: “We Brought Down Inflation Seven Months in a Row. We’re Gonna Whip It”
“And that’s — would bring us to — down to everyday costs — how much do things cost. It’s not just whether infla- — we brought down inflation seven months in a row. We’re going to whip it. But, in the meantime, there’s other ways to take what is inflation in your budget.”

Inflation skyrocketed shortly after Joe Biden was sworn into office because of his tax-and-spend policies. The monthly and yearly numbers came in higher than expectations. Much of the increase came in food and energy prices. In fact, inflation is so out of control that Federal Reserve Chairman Jerome Powell this week said interest rates will ‘likely to be higher’ than previously anticipated.

Biden Refers To A “Big Fight With The Former President And Maybe Future President”
While speaking he had another major gaffe. He called Donald Trump “the former President and maybe the future President. “But guess what? You may remember — I was running for office at the time, but you all might remember that the — I had a big fight with the former President and maybe future President — bless me,” Father.
AUDIENCE: Booo —
THE PRESIDENT: Anyway. No, all — all kidding aside. And here’s the deal. What happened was the folks who were really going after me for trying to

Biden: In our estimate, my plan reduce -$3T, but their plan +$3T?
My Republican friends say they want to reduce the deficit, but they did the ma- — we did the math on what they’ve put forward so far. In our estimate — I’m happy to be proven wrong — they will — they will — my plan is going to reduce the deficit by $3 trillion over 10 years. Based on what we know so far about their plan, it’s going ex- — explode the deficit by more than $3 trillion over the next 10 years.

If I didn’t root like hell for every Philadelphia team, I’d be sleeping alone
My — you know, my wife, Jill, who’s in — who’s a Philly girl — (laughs). (Applause.) If I didn’t root like hell for every Philadelphia team, I’d be sleeping alone. (Laughter.) Oh, you think I’m kidding? Jimmy knows my — oh, whoa.

On 3/10/2023, Biden’s top econ couldn’t answer the question.
Top Biden Econ Advisor Rouse Downplays Largest Bank Collapse Since 2008 Financial Crisis
Reporter: Can I ask you one more on SVB? It is the 19th-largest bank in the U.S. It went down in about 40 hours. What do you say to Americans who have real concerns today about their hard-earned savings and money?

Chair Rouse: Yeah, absolutely. And this is why we have the FDIC and other safeguards in place in our banking system. And what I would say to them is that our Secretary of the Treasury, Secretary Yellen; the bank regulators; those who will provide the guardrails and our safeguarding are closely watching and are prepared to use the tools that they need.

The FDIC stepped in very quickly here. And that’s what they were doing is protecting the deposits of those up to $250,000.

Q: other banks may fail as well?
Reporter: Just wondering if we can get your reaction to the failure of Silicon Valley Bank and whether you’re concerned that other banks may fail as well.

Chair Rouse: So — sure. So, the most important thing that I will say here is that our Secretary of the Treasury, Secretary Yellen, is closely tracking the developments with S- — the Silicon Valley Bank.

Reporter: And one more on that same topic. You know, the government obviously insures up to $250,000. But this bank served a lot of tech companies that obviously had a lot more money in — stored with them. So, how concerned are you that we could see a ripple effect just throughout this specific sector?

Chair Rouse: So, two things. One, I’ll refer you to the FDIC for how they plan — intend to handle — we know they’re insured up to 250- — and how they’ll handle those with balances above that. And the second, I just want to re-emphasize that we are in a fundamentally different position that — you know, with the reforms of the global financial crisis of 2007, 2008, we’ve put in place stress tests and other tools that our regulators have to provide more resilience to our banking system. So, you know, Secretary Yellen is watching this closely.

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