Joe Biden Saturday night stopped to speak to reporters as he departed the White Home en path to Camp David, the presidential retreat in Catoctin Mountain Park in Maryland.

One reporter requested Joe Biden in regards to the abysmal financial system going into an election yr.

The US financial system is in unhealthy form due to Joe Biden’s tax-and-spend insurance policies, and ‘Green New Deal’ disguised because the ‘Inflation Reduction Act.’

Biden’s massive authorities crimson tape and trillions in spending have led to a poor financial system.

Moody’s Buyers Service cut the US’s outlook to negative final month.

Moody’s lowered its rankings outlook on the US authorities citing excessive rates of interest, authorities spending, and deficits.

Earlier this yr Moody’s cut its outlook for the complete US banking sector to detrimental and put six banks on ‘downgrade’ watch.

The credit standing service’s transfer to downgrade the complete banking sector from ‘stable’ to ‘negative’ will influence borrowing prices.

“Banks with substantial unrealized securities losses and with non-retail and uninsured US depositors may still be more sensitive to depositor competition or ultimate flight, with adverse effects on funding, liquidity, earnings and capital,” Moody’s mentioned in its report in March.

The Federal Reserve raised rates of interest 11 occasions for a complete of 550 foundation factors since final yr – 7 occasions in 2022 and 4 occasions in 2023 – in an effort to hedge inflation.

Inflation remains to be excessive, grocery prices are up greater than 19%, gasoline costs are nonetheless excessive and greater than 10 million illegal aliens have poured over the border since Biden was put in in January 2021.

Biden admonished reporters and instructed them to report the financial system is “all good.”

“What’s your outlook on the economy next year?” a reporter requested Biden.

“All good. Take a look! Start reporting it the right way,” Biden mentioned.

WATCH:

“What’s your outlook on the economy next year?”

BIDEN: “All good. Take a look! Start reporting it the right way.” pic.twitter.com/dpRcDiq16S

— RNC Analysis (@RNCResearch) December 23, 2023