By every measure, Joe Biden is the worst president to ever take over the Oval Office.
Now, he’s looking for a place to hide.
And a new report about what’s ahead for Americans is devastating.
America’s economy is a complete disaster with skyrocketing inflation, record high gas prices, and persistent empty shelves.
The economy hasn’t dealt with this many woes since Jimmy Carter was doing his best to run the country off a cliff.
Now with Biden’s recession underway the country is about to get slapped with one ugly reality.
Joe Biden has been hanging his political reputation on “low unemployment” numbers, but a new report just revealed that’s about to blow up in his face.
The current low unemployment numbers are already a farce since the country still hasn’t managed to regain all the jobs lost during the pandemic.
Instead, plenty of people—many incentivized through Biden’s payments for not working—have dropped out of the workforce entirely.
Now a major accounting firm has released a report that found the employment report has a false bottom.
Thanks to the disastrous economy PricewaterhouseCooper’s recent Pulse Survey found half of American companies are planning to slash jobs.
The firm surveyed 700 business executives and found an astonishing number planning layoffs.
For those already unemployed, it means they now have to fight against the current to snag a position—even as Biden brags about the strong job market.
According to the survey, 46% of employers are eliminating or reducing signing bonuses while 44% are going as far as rescinding job offers.
Of course, the problem trickles all the way down to Main Street with 45% of small business owners implementing a hiring freeze thanks to Bidenflation.
“This represents a significant hiring shift, and is largely a reaction to mounting labor costs, skyrocketing inflation, fears of a recession, and rising interest rates,” Alignable reported.
Thanks to his irresponsible spending sprees, Biden is about to lose his only economic related argument.
Even though the Biden Administration has been trying to redefine the meaning of “recession” to pretend it’s not happening, there’s no hiding the truth.
With the economy suffering and the Federal Reserve rapidly increasing interest rates, businesses will be forced to cut jobs drastically.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.