Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Investing

Biden slams ‘MAGAnomics,’ ignores Hunter’s legal woes in first speech since indictment

In his first speech since the indictment of his son, Hunter Biden, on federal firearms charges, President Biden addressed a crowd in Largo, Maryland to make the case for ‘Bidenomics.’ 

Biden devoted much of the speech to bashing Republicans’ economic agenda, which he pejoratively referred to as ‘MAGAnomics,’ after former President Donald Trump’s 2016 slogan: ‘Make America Great Again.’  

‘This is not your father’s Republican Party. This is a different deal,’ Biden said, before arguing that the Old Guard cared more about Democratic institutions than ‘MAGA’ Republicans. 

‘Their plan, MAGAnomics, is more extreme than anything America has ever seen before,’ the president said before bashing Republicans for threatening to default on the debt and doubling down on ‘trickle-down’ economics. 

‘Under their plan, the top 1% … of households that make over $4 million a year are going to get another tax cut worth more than two times what the typical American family makes in a single year,’ Biden said. 

At another point in the speech, Biden touted post-pandemic job recovery and appeared to fumble when pointing to record-low unemployment for African Americans and Hispanics. 

‘We’ve seen record lows in unemployment, particularly – and I’ve focused on this my whole career – for American Americans and Hispanics, and veterans. You know, workers without high school diplomas,’ he said. 

The president’s speech made no mention of his son’s legal woes. 

Just hours earlier, Hunter Biden was indicted on federal gun charges for allegedly lying about his drug use when he bought a firearm in October 2018. The indictment came weeks after the collapse of a plea deal that would have averted a criminal trial. 

The younger Biden’s attorneys argued that he didn’t violate the law and remains protected by an immunity provision that was part of the deal. 

He’s facing two counts of making false statements by checking a box falsely saying he was not addicted to drugs and giving it to the shop for their federally required records. A third count alleges he possessed the gun for about 11 days despite knowing he was a drug user. The counts are punishable by up to 25 years in prison. 

During the time of his purchase, the younger Biden has acknowledged struggling with an addiction to crack cocaine. 

Hunter Biden has been under investigation for his business dealings in Ukraine and China, and the special counsel has indicated that tax charges could be filed at some point in the future in Washington or in California, where he lives. 

The indictment comes after House Speaker Kevin McCarthy on Tuesday announced a formal impeachment inquiry against the president, seeking to tie the elder Biden to his son’s business dealings. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com