President hails ‘Bidenomics’ in re-election pitch despite falling real income, poll pessimism

Americans’ average weekly earnings dropped from $399.52 when Biden took office to $378.18 this May — a drop of more than 5% — when adjusted for inflation, BLS data indicate.

Inflation-adjusted annual earnings were $11.41 per hour in January of 2021 when Biden took office and are now $11.03 as of this May, according to the BLS.of US adults told the AP they approve of Biden’s economic performance as opposed to 40% who approved of his foreign policy work and 44% who approved of his healthcare agenda.

The president brushed off naysayers, however — telling reporters as he departed the White House on Wednesday morning, “I’ve been hearing every month there’s going to be a recession next month.”

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With ‘Bidenomics,’ President Biden touts economy during Chicago addressPresident Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience, branding his efforts at economic growth, job creation and fighting inflation as “Bidenomics” to counter lagging job approval ratings.
Source: chicagotribune - 🏆 8. / 91 Read more »

Biden prepares to unveil 'Bidenomics' pitch to votersPresident Joe Biden says US economy does not expect a recession, a day before delivering a speech in Chicago on 'Bidenomics' — a catch-all term his aides use to describe his economic vision
Source: trtworld - 🏆 101. / 63 Read more »

‘Bidenomics’: Biden pitches more spending, taxes on wealthy to cure Americans’ money woesPresident Biden has embarked on a new mission: convince voters that his “Bidenomics” economic plan is boosting the lives of middle-class Americans.
Source: WashTimes - 🏆 235. / 63 Read more »

Biden puts all his chips on the table with a push on ‘Bidenomics’The push to own the economy, by literally branding it with the president’s name, is not without risk.
Source: politico - 🏆 381. / 59 Read more »

Biden tries to shake low marks on economy with ‘Bidenomics’ pushPresident JoeBiden is working to reverse the narrative on what his Republican rivals see as a major weakness: the economy. Biden has spent his first two years in office presiding over stubbornly high inflation.
Source: dcexaminer - 🏆 6. / 94 Read more »

What to know about 'Bidenomics,' Biden's economic policy, and its potential pitfallsPresident Joe Biden is taking his economic philosophy, which emphasizes building the economy from the middle out and bottom up, on the road.
Source: ABC - 🏆 471. / 51 Read more »