The Gateway Pundit reported Saturday that the Biden administration caused GDP to fall immediately after businesses stopped hiring following the 2020 election.
After setting a record for the largest increase in GDP in history in the third quarter, the Biden effect slowed the economy and shrank GDP.
The Gateway Pundit says that in the third quarter, President Trump‘s administration set a record for the largest increase in GDP in U.S. history. That won’t happen in the fourth quarter after businesses realize there could be a Biden Administration.
According to the monthly GDP index from IHS Markit, a U.K.-based financial information and services company, GDP in the fourth quarter of 2020 fell after setting a record in the third quarter.
The report says that GDP actually increased in October 2020, but then came the election and all the fraud and corruption that multiple agencies have resorted to in order to steal the election from President Trump. The result was that businesses stopped hiring and GDP dropped.
The problem for corporate America now is that Biden will send jobs overseas again and shut down industries like oil that make America more profitable and secure.
The Biden gang’s response is to shut down jobs and industries.
The report comments that Biden’s economy is already going backwards and he simply doesn’t know which way to go.
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