Looking at Biden’s polling numbers, it’s obvious Joe has had a rocky Presidency so far. Many Americans are unhappy with inflation, the job market, and Joe’s policies that claim to fix these issues.
When Biden saw inflation soaring, instead of restraint he spent new at record highs. When America needed to maintain its energy dominance, he called climate change the greatest existential threat to the world and did everything he could to push forward the green agenda.
Even Joe’s Inflation Reduction Act was really an environmental bill in disguise. He touted the Act as a major win for the American people and his agenda. But now we are seeing the true fallout of Joe’s policies, and it isn’t pretty.
From Fox News:
Global energy developers Equinor and BP on Wednesday announced they are canceling the contract for a massive wind project slated for construction off the coast of New York…
Equinor and BP explained that commercial conditions, namely inflation, interest rates and supply chain disruptions, prevented its contract for the project from remaining viable.
And this isn’t even the first green energy project Joe has had cancelled on him. Only months earlier, Ocean Wind 1 & 2 were canceled, also due to adverse economic conditions.
But this is just par for the course for the Biden administration. They act as if the money supply is endless and their policies will not have a negative financial impact on our country.
Many blame the skyrocketing inflation, which has permanently boosted prices for Americans, on Joe pouring trillions of dollars into the economy at the beginning of his presidency. And this has, in turn, created terrible economic conditions that are tanking his top priorities in these green projects.
This development is unlikely to help the President at all as he remains the frontrunner for the 2024 Democratic nomination. Most conservatives and independents will be reminded of Joe’s out of touch policies while liberals will see those policies failing miserably.
So much for more American jobs and energy independence. Instead we just have a mountain of spending and nothing to show for it, as big businesses shut down Joe’s plans because they are not commercially viable.
- Biden’s latest touted green energy plan has been canceled.
- This is just the next in a string of projects that have ended in failure.
Source: Fox News