While Biden claims that Americans love his disastrous economic policy thanks to the fizzled red wave, corporate America is preparing for mass layoff as the economy continues to implode.
“The combination of corporate fears of a recession and voter concerns about the economy indicate President Biden won’t be able to rest easy despite Democrats’ stronger-than-expected election results,” Just the News reported.
The tangible impacts of companies anticipating a possible recession next year come as exit polls from Tuesday’s voting show the economy, particularly inflation, ranked across the board as the top issue for voters — reinforcing what countless polls showed for months leading up to Election Day.
The news site added:
Job cuts announced by U.S.-based employers increased 13% to 33,843 in October, the highest since February 2021, according to a recent report by the firm Challenger, Gray & Christmas.
Meanwhile, forecasts of a recession next year have become increasingly common — in many cases a matter of when, not if, due to the highest levels of inflation in four decades.
The economy is set to get far worse thanks to Biden.
And yet, he wants to stay his course.
This country is coming in for a world of hurt.Commentary