| − | The '''Biden recession''' began in the first quarter of 2022, and was largely related to sanctions against the importation of [[crude oil]] from [[Russia]] to make [[gasoline]] which powers both private and commercial vehicles. Earlier, on the day the [[Biden regime]] seized the [[Oval Office]], [[Joe Biden]] signed an [[Executive Order]] closing the [[Keystone XL]] pipeline and banning fracking, thus terminating America's energy independence and making the [[United States]] dependent upon the importation of Russia crude oil. [[Inflation]], or excess printing of U.S. [[currency]] making the [[dollar]] worth less and less and lowering living standards, soared as result of both actions. | + | The '''Biden recession''' began in the first quarter of 2022, and was largely related to sanctions against the importation of [[crude oil]] from [[Russia]] to make [[gasoline]] which powers both private and commercial vehicles. Earlier, on the day the [[Biden regime]] seized the [[Oval Office]], [[Joe Biden]] signed an [[Executive Order]] closing the [[Keystone XL]] pipeline and banning fracking, thus terminating America's energy independence and making the [[United States]] dependent upon the importation of Russian crude oil. [[Inflation]], or excess printing of U.S. [[currency]] making the [[dollar]] worth less and less and lowering living standards, soared as result of both actions. |
| − | The Biden recession was a concession to the [[far-left]] [[climate change]] agenda to forcibly ween America, and [[Western Europe]], off of [[fossil fuels]] and transition to a so-called "Green economy" with less carbon emissions and [[meat]] eating. Impoverishment of the [[middle class]] was a secondary side-effect, of secondary concern to the ruling [[globalism|global]] [[elitism|elites]]. | + | The Biden recession was a concession to the [[far-left]] [[climate change]] agenda to forcibly ween America, and [[Western Europe]], off of [[fossil fuels]] and transition to a so-called "Green economy" with less carbon emissions and [[meat]] eating. Impoverishment of the [[middle class]] was a secondary side-effect, of secondary importance or concern to the ruling [[globalism|global]] [[elitism|elites]]. |
| | [[Category:Economics]][[Category:United States History]][[Category:Biden Junta]][[Category:Russia-Ukraine War]][[Category:Democrats]][[Category:Man-Made Disasters]][[Category:2020s]] | | [[Category:Economics]][[Category:United States History]][[Category:Biden Junta]][[Category:Russia-Ukraine War]][[Category:Democrats]][[Category:Man-Made Disasters]][[Category:2020s]] |