In 1992, Democratic presidential nominee Bill Clinton famously answered a voter question about how the national debt affected him personally. Clinton's response was often paraphrased as, "I feel your pain."Now President Joe Biden is running for reelection with the opposite message: Stop complaining. Everything is going great.
Most people boasting about the gleaming economy are inside the Washington bubble or nested inside college faculty lounges. The vast majority of Americans have seen wages and salaries lag behind inflation now for more than three years. Real wages are down almost 4% under Biden. The inflation rate appeared late last year to be falling to 3% but now is trending back to closer to 5% on an annual basis. There are lots of ways of measuring the decline in real take-home pay for middle-class families, but the best measure is about a $2,500 decline in purchasing power since Biden took over.
Economy Reelection Campaign
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