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Business Bankruptcies in First Half of 2024 Highest Since 2010

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.

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