Posted on 04/21/2023 8:42:16 PM PDT by JeepersFreepers
Consider some of the metrics. In 2019, the last year before the pandemic, median family income grew to nearly $73,000. It went up $4,600 in that year alone, a 6.4 percent increase over 2018—the largest annual increase going back to 1967. That amounted to 45 percent more growth in one year than the $3,200 increase that the Obama administration achieved in eight years. And contrary to what would become an election year talking point, the economic benefits were widespread. Every racial group experienced a record high median family income level: for white Americans it rose 5.7 percent; for black Americans, 7.9 percent; for Hispanic Americans, 7.1 percent; and for Asian Americans, 10.6 percent.
Turning the clock ahead, since March 2021, two months after Biden took office and began reversing Trump’s economic policies, the Consumer Price Index—the average in prices paid by consumers for goods and services, by which inflation is commonly measured—has surged. And it continues to surge. The increases are cumulative so the dollar impact of each monthly increase adds to the prior months’ increases. And even though the rate of increases is moderating, it still remains well above levels seen prior to the Biden presidency. The Federal Reserve aims to keep inflation around two percent—which is roughly where it was during the Trump administration. It is now at 6.4 percent, having at one point since 2021 hit nine percent.
This situation has not come about on its own. It was engineered. When the pandemic ended, all we needed to do to create dynamic economic growth again was to leave in place the policies we had before the pandemic. But of course we didn’t.
(Excerpt) Read more at imprimis.hillsdale.edu ...
Contrary to standard Freeper practice, reading the entire article is strongly recommended. More than anything else that I have found, this article documents the disastrous impact of the Biden policies on the economy.
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I do not care if it crashes the economy.
I want every democrat in congress to be imprisoned. Most need a fair trial on Monday, and appeal on Wednesday, and then execution on Friday.
Then impose a democrat tax. Any billionaire that supported democrats since 2016 is subject to a 99% wealth tax of their persons and businesses. Bankrupt the SOBs!
Then start trying school and university teachers and faculty for child abuse.
Tell Ukraine if want more help cough up all the dirt on Biden.
“. . .reading the entire article is strongly recommended.”
I agree 100%. It’s a quick, easy read. Not too much technical jargon. Good, flowing style. Worth the five minutes.
TRUMP
We tried to use Portland as a warning. Paying entry workers twice the minimum wage would lead to inflation. #NewMath
Step one: Elect President Trump
Rest of steps: Sit back and let President Trump do what he does.
The only answer
Biden could have left everything alone, ride it out for a year, then take credit for the great economy. But Biden was bought and paid for by the CCP. The chinese used biden to cripple our economy as payback for Trump’s trade deal with China.
There is a lot to what you are saying. Since we have a completely opaque government at this point then it is valid to speculate based on the only thing we can see, which is their behavior.
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