Wednesday, February 28, 2024

Bidenomics Is Bad Economics

Praise for Bidenomics from some media sources might lead people to believe our economic situation has never been better.

A gallon of milk that cost $3.12 during the Trump presidency now costs $4.01, a 29% increase.

During the Trump presidency, the average price increase for goods and services was a modest 7.6% over four years.

Black workers experienced $65.70 increase in real weekly earnings in the Trump era compared to $28.80 in the Biden era.

Hispanic workers experienced $47.20 increase in real weekly earnings in the Trump era compared to $7.80 in the Biden era.

Is Bidenomics working? For the millions of struggling Americans grappling with inflation, stagnant wages, and unattainable housing, the answer is a resounding no.

It's time for policymakers to wake up to the harsh reality facing everyday Americans and take meaningful action to address the economic challenges squeezing the life out of the American dream. 

https://www.realclearpolicy.com/articles/2024/02/28/bidenomics_is_bad_economics_1014850.html

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