Staff Reports
Ever since President Joe Biden stumbled into the Oval Office three years ago, he has unleashed a whirlwind of economic chaos called Bidenflation. This disaster has hit hardworking Americans right where it hurts the most – their wallets! While everyday folks struggle to make ends meet, the prices at grocery stores and gas pumps have skyrocketed thanks to Biden’s far-Left policies.
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A shocking new report from the U.S. Census Bureau has revealed the grim reality of Bidenflation. For the first time in years, the number of Americans living below the poverty level has surged. In 2022, a whopping 12.4 percent of the population found themselves struggling to stay afloat, compared to just 7.8 percent the previous year. Talk about a colossal failure!
And that’s not all. Inflation has been running rampant under Biden’s disastrous watch, with prices soaring faster than people’s paychecks can keep up. In fact, for the third year in a row, U.S. workers have seen their hard-earned wages shrink. The report shows that the median household income, adjusted for inflation, dropped a painful 2.3 percent in 2022, settling at a measly $74,580. Compare that to the average income of $76,330 in 2021, and it’s clear that Biden’s policies are a one-way ticket to financial ruin.
But wait, there’s more! The Consumer Price Index, which measures inflation, shot up a staggering 6.5 percent from last year, according to the Labor Department. Since Biden took office, inflation has soared an eye-popping 13.7 percent. That’s nearly twice the Federal Reserve’s target rate! It’s a crisis of runaway prices that is eroding the purchasing power of hardworking Americans and crushing small businesses.
Despite the overwhelming evidence of his failures, Biden shamelessly tries to gaslight Americans, insisting that his economic plan is working. Well, the American people aren’t buying it. A recent poll showed that more people trust former President Trump than Biden when it comes to the economy. It’s a 47 percent to 36 percent margin that speaks volumes about Biden’s ineptitude.
In the end, it’s clear that Bidenflation is wreaking havoc on the American people. While Biden pats himself on the back, everyday folks are feeling the pinch and struggling to make ends meet. It’s time for a change before Biden’s disastrous economic policies push us all off a financial cliff.
