Joe Biden and his administration have routinely, and bizarrely, claimed that “Bidenomics” is making costs “lower.” It’s an absurd claim on its face, but it’s also part of a broader effort to gaslight Americans on the economy. It’s time Biden faced the facts.
Here’s the point:
- REAL WAGES ARE LOWER: Real wages are 3% lower than when Biden took office.
- DEBT LEVELS HAVE SKYROCKETED: More than 20 million Americans are behind on their utility bills and nearly 25 million are behind on their credit card payments, auto loans, or consumer finance loans. Credit card balances are now at an all-time high.
- REAL WEALTH IS FALLING: According to Bloomberg, “the average real wealth for middle-class households has dropped more than $33,000 in the past year.” It’s a drop not seen since the Great Recession in 2008.
- CONFIDENCE IN THE ECONOMY IS AT ROCK BOTTOM: According to the most recent Harvard CAPS-Harris poll, 74% say their financial situation is not improving, with almost half saying their financial situation is actively “getting worse.” In fact, a Fox News poll shows 83% rate the economic situation of the nation as negative. Almost 80% of Americans say Biden’s policies have not helped them, with almost half saying that Biden’s policies are actively hurting their family.
The facts don’t lie. Making American families poorer – that’s “Bidenomics.”
