Wednesday, September 06, 2023

U.S._ Steve Forbes to Newsmax: Biden Economy Is 'Hitting Headwinds'

NEWSMAX

Steve Forbes to Newsmax: Biden Economy Is 'Hitting Headwinds'

By Jeremy Frankel | Tuesday, 05 September 2023 09:31 PM EDT


The Biden economy is "hitting some headwinds," and is not doing as well as the federal government is saying it is, Chair and Editor of Forbes Media Steve Forbes told Newsmax on Tuesday.

When asked by "
Rob Schmitt Tonight" host Rob Schmitt if the Biden administration is trying to pull the wool over everyone's eyes for the presidential election next year, Forbes responded that "it's hard to pull wool over an eye when you're in a cellar and there's not much light there."

"The fact of the matter is the economy is not doing as well as they say," Forbes said, adding that there is a very important figure that is not talked about much, called the "Gross Domestic Income," or GDI, a figure that represents all cash receipts and income, including dividends, salaries, and interest.

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READ MORE: https://www.newsmax.com/newsmax-tv/steve-forbes-economy-bidenomics/2023/09/05/id/1133337/

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