Joe Biden is squandering the recovery he inherited from Donald Trump.
As many as 1.8 million Americans have turned down jobs because Biden is paying them not to work. Even Obama economist Jason Furman agreed “unemployment insurance has definitely been playing a role” in holding the economy back.
This is having disastrous consequences for small businesses who can’t afford to compete with the federal government for workers.
Many mom-and-pop businesses are struggling to even open because of labor shortages. It’s a problem hitting businesses nationwide, including:
And Biden? He doesn’t seem to care. He openly told struggling businesses to “compete” with the federal government just as they are trying to get their feet back under themselves.
What’s worse, Biden’s inflationary spending is actually LOWERING real wages for workers. In June, wages were down in real terms 1.7% from last year.
Closed businesses, labor shortages, and declining real wages – the signs of failing Biden policies and a recovery he is squandering.
