According to the Biden administration, the economy is on fire. Really?

Here’s a troubling chart:

Bankruptcies are on pace to top the number in 2020 when the entire economy was locked down for half a year.

S&P notes that one of the most notable bankruptcies was the second bankruptcy of Fisker Automotive – one of the original beneficiaries of Department of Energy loan guarantees for electric vehicles back in the Obama administration.