May 1, 2023 | Rapid Response | RNC Communications
Economy

Another Biden Bank Failure

Rapid Response

On March 24, 2023, Joe Biden suggested that the Biden banking crisis was over: “I think it’s going to take a little while for things to just calm down.  But I don’t see anything that’s on the horizon that’s about to explode.

A little over a month later, another important bank – First Republic Bank – has failed. Under Joe Biden, three of the four largest bank failures in American history have occurred in just the last two months.

Reminder: there is a direct link, admitted by Secretary Janet Yellen herself, between Biden’s inflationary agenda, rising interest rates, and the banking crisis.

But if you ask Biden, he’ll absurdly insist his “economic plan is working.” Were bank failures, inflation, and shortages part of his plan?