Biden economic gibberish not working
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Trouble with Mr. Biden is he’s a stick-in-the-mud class warrior. Middle, lower, upper … diversity, equity, inclusion … woke. … It’s all left-wing gibberish.
Mr. Biden says his “middle out, bottom up,” whatever that means, is “working.” Sure it is, Mr. President….
A couple of new polls are out today. YouGov just said 29 percent of voters approve of his inflation policy, while 61 percent disapprove. Overall, a recent AP/NORC (University of Chicago) poll says 34 percent of voters approve of Biden’s economic policy. Just 34 percent.
So, we have a disconnect here between rhetoric and reality. Or, in terms of “middle out, bottom up”: real hourly earnings, a.k.a., middle class wages, are falling 3 percent at an annual rate. Real average weekly earnings are falling at a 5 percent annual rate.
For the bottom quartile of income earners — which is $38,000 a year or less — they’ve declined by 2.3 percent under Joe Bidenomics. For the second quartile — which is $57,000 or less — real weekly wages have declined by 3.9 percent.
So much for “middle out, bottom up.” Now, how about for the whole country? Cut out all this class warfare nonsense.
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After Mr. Biden’s $2 trillion American Rescue Plan, his landmark policy, a 6.5 percent economy delivered by President Trump sputtered to a 1 percent growth rate in Mr. Biden’s first full year, 2022, and early 2023.
And after Trump hand-delivered a 1.4 percent inflation rate, under Bidenomics it soared to a 9 percent inflation rate, which destroyed family affordability and worker incomes.
Here’s the most fundamental point: President Biden is pursuing the most anti-business economic policies since FDR, some 85 years ago. Mr. Biden has spent $6 trillion, raised taxes across the board, generated more than $500 billion worth of new regulations, waged war on fossil fuels, more warfare against large and small businesses, put together a massive vote-buying, grifting industrial policy, and engaged in the most central planning this country has ever seen.
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Joe Biden has been one of the worst presidents in history, He and his crew around him have been hurting the American economy from day one and he shows no signs of recognition of his screw-ups American voters owe it to themselves to vote against the Democrats who support Biden's goofy policies..
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