Real wages are down and dropping under Biden while inflation soars… and the stimulus is to blame
A 1.9 trillion dollar stimulus package passed by Democrats has managed to accomplish nothing, yet also to destroy our economy.
Under Biden, real wages have been dropping every single month since the stimulus passed… and dropping at the fastest pace in 40 years.
The decline in real average hourly earnings at this point is terrible, the fastest pace of decline in 40 years. pic.twitter.com/92rKJFtQRD
— Jason Furman (@jasonfurman) July 13, 2022
On top of that, inflation for June was at 9.1%–the highest we’ve seen in over 40 years.
Trending: Identity Politic Is Backfiring—BIG-TIME—As Dems Worry About What To Do With “Cackling” Kamala [VIDEO]
With real wages down and prices rising, people are having trouble affording necessities like rent, gas, and food. Of course, the Democrats don’t care. After all, they are the ones responsible for it.
Research has shown, and even Democrats such as former Obama advisors Larry Summers, Steve Rattner, and Jason Furman, along with Biden’s Treasury Secretary Janet Yellen have said, that the Democrats’ $1.9 trillion stimulus package has fueled inflation while driving down real wages. Real wages are currently down a shocking 3.6% from this time last year. Coupled with a 9.1% inflation rate, it’s no wonder Biden’s approval ratings are laughably low.
Every single Senate Democrat voted in favor of this bill. Even the “moderate” Democrats such as Joe Manchin. Democrats only know how to spend money and hurt wages, and that has happened virtually every time a Democrat has been in office in the past 100 years.
It is critical to vote for Republicans in the Midterms to help stave off and reverse some of the damage done to our economy and our livelihoods.