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Biden and dimocrats should stop ignoring Americans’ economic reality

DB Cooper

Posted 12:47 pm, 07/12/2024

LOL... Biden has lowered the inflation rate after groceries and almost everything else has increased at least 50%.

Thanks, Joe!

DLD

Posted 12:27 pm, 07/12/2024

Maybe his vp Trump is responsible for the good times we are now enjoying. Now if we can elevate him on up to president it will be even better.

antithesis

Posted 12:15 pm, 07/12/2024

Your right-wing propaganda is, as usual, misleading.

No one has claimed that poverty or inflation doesn't exist. And your propaganda ignores that it's all a reflection of Trump's failed economy. What we know, though, is that Biden has lowered the Debt to GDP Ratio, lowered unemployment, lowered the inflation rate, increased jobs, and increased average wages.

We were also heading into another housing bubble crisis, which Biden's economy has curbed.

But you see, they know that their average reader doesn't understand concepts like percentages, and they use that to incite false hysteria. Education has always been the enemy of the GOP...

DB Cooper

Posted 8:07 am, 07/12/2024

Over the past few months, President Joe Biden has told Americans that the U.S. economy is strong, inflation is subsiding, and the job market is growing. The narrative being pushed is that everything is just fine.

Many people, however, especially younger and poorer Americans, aren't feeling the same sense of optimism.

A recent Pew poll showed that a significant majority of poorer Americans view the economy negatively. While some differences are cut along party lines, the poor and middle class clearly feel less optimistic.

In reality, the stress and strain of finances for many has seemed to grow over the past five years. Biden's "strong" economy doesn't seem to be having a positive effect on our day-to-day lives.

Inflation, for example, is slowing, but it has still grown at a rate where most groceries are 50% higher than just five years ago. As we slow the growth of inflation, groceries aren't going to suddenly return to pre-2019 numbers. Instead, Americans are being forced to come to terms with a new norm.

Some salaries are increasing, but not at a rate fast enough to overcome price inflation. As we attempt to increase salaries faster, we see the price of basic goods increase as well. In California, fast food prices increased by as much as 50% as worker salaries hit $20 an hour.

Jobs are being added monthly, but more people, since the start of the pandemic, are working multiple jobs just to make ends meet. Unemployment numbers also don't tell us the full story because we don't regularly track under-employment or those who have given up on work.

https://www.washingtonexami...3cf6850443

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