Bidenomics is unpopular for good reason

There’s no mystery here. The fact is, the economy has been terrible for the average American, and the elites are just isolated.

While the Biden administration never misses an opportunity to cite rapid wage growth during its tenure, inflation has completely outpaced workers’ income gains. It’s true that average hourly earnings are up 13% since Mr. Biden took office, but that’s less than inflation. Additionally, businesses have been cutting hours. The result is nearly a 5% drop in workers’ real weekly earnings.

While costs for families are up everywhere, Bidenomics has had a particularly harmful effect on energy prices. Countless Americans have sticker shock every time they fuel up their vehicle because gasoline prices today are 60% higher than when Mr. Biden took office. The weekly trip to the gas station is a constant reminder for many folks that Bidenomics isn’t working for them.

The eye-watering increase in the cost of living has caused many Americans to use credit cards just to make it from paycheck to paycheck. The result is a record-high $1 trillion in credit card debt and record-high interest rates on that debt, too —a recipe for impoverishment.

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