In less than 16 months, Biden has turned Americans’ economic “optimism” into pessimism according to a McKinsey and Ipsos survey.
One reason why, for 13 straight months inflation has crushed wages. From April 2021 to April 2022, real average weekly earnings fell 3.4%.
The last month there was positive wage growth? March 2021, the same month Biden passed his $1.9 trillion “stimulus,” and since then it’s been downhill. Reminder: liberal economists blame Biden for the inflation decreasing real wages, an opinion a Morgan Stanley analysis recently affirmed.
Biden is making Americans poorer – and that’s nothing to feel optimistic about.
