Liberal media are declaring Bidenomics a success – but, hard numbers tell a much different story – regardless of whether the measure is how much Americans are paying, earning or saving.
For example, while gas prices held steady under Pres. Donald Trump (down four cents a gallon), they’ve surged 53.1% in the first 31 months of Pres. Joe Biden’s term.
And after accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the second quarter of this year, average real earnings had fallen to $365.