Updated: Oct 17, 2022
Last week the Committee To Unleash Prosperity’s president, our friend Steve Moore, gave a
speech to FreedomWork’s activists called the "Seven Ways Biden Is Destroying Our Economy."
The speech was a social media sensation - and you can watch through the embedded video below.
Here's the Cliff Notes version, culled from Zero Hedge and Steve's must-read Committee to Unleash Prosperity Hotline, to whet your appetite for the entire speech.
Steve said here are the seven policies Biden has implemented that are tearing our country apart:
1. dismantle the nation’s energy supply
2. don’t enforce the border
3. Detain, arrest, and jail all your political enemies
4. Devalue the nation’s currency through inflation
5. Destroy the nation’s finances by running up the debt by multiple trillions of dollars of debt
6. Divide rather than unite the nation - rich versus poor, black versus white, gay versus straight, urban versus city
7. Dumb down and indoctrinate our children with anti-America propaganda in the schools and media And allowing teacher unions and left wing activists to take over
Moore then said that it does not matter whether or not the Biden administration is intentionally trying to destroy our country, and then he listed seven strategies that could destroy a country, which he sees the White House implementing.
‘The first thing you would do is you would destroy its finances.’
“You borrow and spend like crazy until the country was on the verge of bankruptcy. President Joe Biden has done that. In 20 months, this president has spent $4.2 trillion. Now, these numbers are incomprehensibly large.
“So he’s wrecked the nation’s finances. We’re going to be spending decades—your children, my children, your children, our grandchildren, are going to be paying for what Joe Biden has done. It’s shameful. And we need to run every single person who wrote it, voted for these policies, out of town. We have to get rid of the people who made this.”
‘The second thing you do is destroy its currency.’
“Its currency is its means of exchange. Countries that go down the drain have currencies that become valueless. They debase the currency. Inflation is just a way of devaluing the currency. And that’s exactly what’s happened. So we’ve seen in 20 or so months, while Joe Biden has been president, prices have risen by about 16 percent in just 20 months. And what’s happening is people’s wages and salaries are falling way behind inflation.
“We just got the new numbers today on what happened with wages and salaries. The good news for American workers is that people’s wages and salaries over the last year were up 4.9 percent. That’s pretty good. You know what the Consumer Price Index number was over that same period? 8.4 percent. So what’s happened every single month that Joe Biden has been president? Americans are getting poorer. We are getting poorer month after month after month.”
“My friends at the Heritage Foundation have calculated that the average family, the median-income family in America today, has lost $4,000 in purchasing power in 20 months. It’s like a pay cut of $300 a month. That is causing real hardship to middle-income families.”
‘Third, you would destroy its energy supply.’
“You take away its energy. Because energy is the master of the universe. If you don’t have energy, you can’t do anything.
“And so one of the things I remember the first time I talked to Donald Trump, when I met him in late 2015, when he was running for president, I said, ‘If you get this right with American energy, the United States can be the energy-independent country for the first time in our lifetimes.’ I’ll never forget what Trump said: ‘Steve, I don’t want energy independence, I want America to be energy dominant!’
“In four years under Trump, by the time he left office, we were the number-one producer of oil and gas in the world. So, basically, what Trump did … he was in for all of our resources. He said, ‘Let’s produce coal, let’s produce oil, let’s produce gas. Let’s build nuclear plants in this country.’
“Can somebody explain to me why the Left hates nuclear power? Why do they hate natural gas? Natural gas is a clean-burning fuel.”
‘The fourth thing you would do is you would provide money to your enemies.’
“The bad energy policy that says we’re going to go from 70 percent fossil fuels to zero over the next 13 years—who benefits from that? China, Russia, Iran, and Venezuela.
“Biden says we shouldn’t get our energy from Texas. We shouldn’t get our energy from Alaska. We shouldn’t get our energy and oil and gas from North Dakota. Let’s get it from Iran and Venezuela and Russia.”
‘The fifth thing you would do is you would divide the nation.’
“You would divide it: you would pit groups against each other. Isn’t that exactly what Biden has done? It’s black versus white. It’s Hispanic versus white, versus black. It’s dividing people by income classes. It’s dividing people by their gender. All of these things are divisions.”
‘Sixth, you would destroy the stock market and people’s lifetime savings.’
“If you’re living off your 401(k) plan or retirement savings, those have been depleted greatly by Biden. Not only is the stock market down 5 percent, which isn’t that much. In nominal terms, these stocks are down 5 percent since Biden came to office. But when you adjust for inflation, stocks are down by about 20 percent. That’s as huge as trillions and trillions of dollars of losses. And so we are up against a mighty foe right now. And we need to strike back now.
“We’re in some deep trouble right now. I don’t want to depress you. And we can turn this thing around. But I’m really very, very nervous about the state of our economy today. The market lost another 600 points today.”
‘Seventh, you would weaponize government agencies by going to imprison or punish your political enemies.’
“I find that is the most frightening thing, maybe the most dangerous thing of all. Absolutely. It is so scary. I have to tell you, I’m afraid. I’m personally afraid. I’m a Trump guy. They want to come after me. I’ve got a big target on my chest. I’m nervous. One of these days, the FBI is going to knock on my door with the German shepherds and the machine guns.
“One of the most outrageous abuses of power in American history is that they are using power, and what agencies of government have they weaponized? The FBI, the Justice Department, the State Department, and IRS. I’ve got to say Joe Biden and the Democrats have a lot of nerve to call for 80,000 new IRS agents.”
Mr. Moore’s seven-point analysis puts meat on the bones of our column from August of 2021 “It’s Not A Government, It’s A Wrecking Operation” wherein we conducted a thought experiment, or what Albert Einstein called a Gedankenexperiment: What would you do if you wanted to destroy the United States of America as it has existed since its inception, or even just as it has existed since the end of World War II?
In reviewing the results of our Gedankenexperiment, and Steve Moore’s seven points, it is clear to us that incompetence can’t explain what’s been happening since Joe Biden was sworn-in as President of the United States. Institutions that have existed for decades take time to crumble, even when led by incompetents. But what we are seeing from the Joe Biden “administration” is not a government, however incompetently run, trying to do its duty to its citizens. It is a conscious wrecking operation intended to destroy the foundational institutions of the United States. And it is succeeding with such rapidity it should make every citizen wonder if the country can survive until the next presidential election offers some hope of putting an end to the destruction.
The good news is Steve Moore says, “I think people are so fired up right now. I see this all over the country. I’ve been to Delaware, I’ve been to Pennsylvania, I’ve been to Michigan, I’ve been to Arizona, I’ve been to Georgia. Same thing everywhere. People are fired up. They want change. And they disapprove strongly of what Joe Biden has done.” At the end of his speech, Moore emphasized: “I think a red wave is coming. But this election isn’t really about electing Republicans. My mission is to find every single Democrat who did this to our country and get them the hell out of office.” That’s our mission too, and we hope you will join us.
Control of Congress
federal budget deficit
Chair Jerome Powell