Look at the data for yourself
Bidenomics in action wrote:
This is your source.
ZeroHedge’s content has been classified as “alt-right” and has been criticized for presenting conspiracy theories. In review, ZeroHedge publishes pro-right wing/Trump articles such as Pat Buchanan: “Trump Calls Off Cold War II.” As well as fake news stories regarding liberals: Anti-Trump Protesters Bused Into Austin, Chicago.
Bidenomics in action wrote:
Great - a ZeroHedge article taken directly from The Epoch Times. That's like a prison reform blog using the inmates' newsletter at San Quentin as evidence that the food is terrible.
Based on the actual bankruptcy tables, total bankruptcy filings in Q1 FY24 were 16% higher than last year (467,774 vs 403,273). However, they were also 40% lower than the same period in 2020 (467,774 vs 764,282). This would also have been the last period without a significant impact from COVID during the last administration. Bankruptcy filings throughout the Biden Administration have been lower at any time since pre-2008 - they began trending downwards in the last administration and have been consistently low since the 2020 election. This is a positive development, considering the inflationary trends and especially the increased cost of capital that have made it difficult to use leverage to fuel growth.
Must be harder to find these on X, have to go back to zerohedge now.
Looks like bankruptcies are actually down 43% from 2019, according to those official statistics. Thanks Biden!
Good - finally no more hand outs. American business needs to stand on its own not go crying for a bailout what are we communists?