We were promised so much about Joe Biden. And this doesn’t just mean leading to the current election; this means everything he’s been in office in the decades. He was promised to be a moderate even during the primary where he beat Elizabeth Warren and Bernie Sanders. Gary was hopeful that this would have stayed this way, but it has bitten him back hard.
President Biden shut down the Keystone pipeline within his first days in the White House, effectively firing everyone without notice. This ripple effect caused a tidal wave in the markets as investors were afraid they could be next. Companies started pulling everything they had, and that was when we started seeing the shortages and gas prices rise.
Next, our favorite moderate President decided to roll back the payroll taxes while increasing taxes on these companies. So now we see these companies putting their losses on the consumers. As a result, the average price of goods have skyrocketed. People in blue areas are left dumbfounded as they have gotten what they wanted in tax increases on business but don’t understand the prices of goods.
The Moderate President has been following the progressive policies that he believes the whole country wants, and now it’s time for the US to pay the price.
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
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