Posted on 08/01/2023 7:23:21 AM PDT by Kaiser8408a
President Jimmy Carter is usually the bar for terrible Presidents. Under Carter, the US experienced economic stagnation and soaring inflation. At least it led to the election of Ronald Regan!
So, Biden’s much mentioned Bidenomics have produced REAL MEDIAN WEEKLY EARNINGS FOR MEN that is currently below 1979 levels under Jimmy Carter.
Even worse for Bidenomics, REAL MEDIAN WEEKLY EARNINGS GROWTH FOR MEN was -4.45% In April 2023, while the last reading prior to Covid under Trump was 6.674% YoY in February 2020. So, Bidenomics isn’t even back to Trump levels for men.
I like this chart which I call “Yellenomics” because it illustrates The Fed’s Folly of money printing and its impact on real earnings. After the Trump wage growth boom, real median weekly earnings for men has been steadily declining.
Women, on the other hand, did show a gain. But perhaps that was Dylan Mulvaney’s lucrative Bud Light deal. /sarc
Reminds me of The Yardbird’s classic “I’m A Man.” Worse off under Biden than under Jimmy Carter. Although The Yardbird’s “Over Under Sideways DOWN” is more emblematic of Bidenomics.
Bidenomics should be renamed Corruptionomics given Biden’s habit of selling government influence to anyone willing to waive a few million.
(Excerpt) Read more at confoundedinterest.net ...
Covid didn’t cruch the economy.
Government crushed the economy.
The biden crime family strikes again
ECONOMY: This Simple Chart Reveals the Distribution Of Global WealthPublished 2 years ago on September 20, 2021
By Anshool Deshmukh
Visualizing Global Wealth Distribution
▼ Use This Visualization
The Global Wealth Distribution in One Chart
The pandemic resulted in global wealth taking a significant dip in the first part of 2020. By the end of March, global household wealth had already declined by around 4.4%.
Interestingly, after much monetary and fiscal stimulus from governments around the world, global household wealth was more than able to recover, finishing up the year at $418.3 trillion, a 7.4% gain from the previous year.
Using data from Credit Suisse, this graphic looks at how global wealth is distributed among the adult population.
How is Global Wealth Distributed?
While individuals worth more than $1 million constitute just 1.1% of the world’s population, they hold 45.8% of global wealth.
Wealth Range Wealth Global Share (%) Adult Population
Over $1M $191.6 trillion 45.8% Held by 1.1%
$100k-$1M $163.9 trillion 39.1% Held by 11.1%
$10k-$100k $57.3 trillion 13.7% Held by 32.8%
Less > $10k $5.5 trillion 1.3% Held by 55.0%
Total> $418.3 trillion 100.% Held by 100.0%
On the other end of the spectrum, 55% of the population owns only 1.3% of global wealth.
https://brownstone.org/articles/capital-postmodernism-left-authoritarianism-unholy-alliance/
For some reason, people forget that the prime interest rate, the rate charged to the best customers, reached 21% under Carter and economic growth was negative, and inflation was over 22%.
I hope black American men see these stats. Just read the Washington Post article on Dems being worried they are losing the black male vote and how they (democrats) must do a better job (of lying) to keep them from defecting.
Men’s Real Weekly Earnings DOWN –9% …Down negative nine percent? Would that not mean to be up nine percent?
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