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AMAZED Forbes Media Chairman Unleashes Critique of Administration’s Economic Claims

ByAlki David

Jul 23, 2023

In a recent interview on “America’s Newsroom,” Forbes Media Chairman Steve Forbes expressed his astonishment at the current administration’s economic rhetoric. With a critical eye, he highlighted the stark contrast between President Joe Biden’s promises and the actual state of the economy.

Just a year ago, President Biden positioned himself as a deficit cutter and slasher, aiming to tackle the nation’s financial challenges head-on. However, as Forbes pointed out, the deficit has ballooned to two and a half times what it was a year ago, casting doubt on the effectiveness of the administration’s economic policies. Inflation, another pressing concern, remains twice as high as when Biden took office, despite claims of bringing it down. While the rate of increase may have slowed down, the prices themselves continue to burden everyday Americans.

Record-high credit card debt and sluggish business investment further compound the economic challenges facing the nation. Forbes questioned the administration’s perception of the world, wondering how the President can ignore these stark realities.

In response, President Biden fervently defended his approach to the economy, attributing the decline in inflation and the creation of 13 million jobs to his economic policies. However, Forbes emphasized that Biden’s claim of cutting the deficit by $1.7 trillion, which was also made in June, received a “highly misleading” rating from The Washington Post.

Despite the President’s self-praise, public opinion tells a different story. In a June poll conducted by Fox News, Biden faced a 60% disapproval rating on his handling of the economy. While this may have marked a 7% improvement from the previous year, it still reflects widespread skepticism among voters.

As the economy remains a pivotal issue, it is crucial for leaders to address the real concerns of the American people. While both the administration and critics have presented their arguments, the tangible impact on everyday lives must not be overlooked. With mounting debt, inflation, and economic uncertainties, a transparent and effective approach is vital for steering the nation towards a more prosperous future.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.