Image of the Day: Americans' Shrinking Earnings Under Joe Biden
Joe Biden tells Americans that he's helping them by building "from the bottom up and the middle out." But the numbers don't lie, and the ugly reality is that he's only dragging us all toward the bottom. Throughout his presidency, wage gains (green) have been consistently exceeded by inflation (blue), meaning loss in real earnings (red):
[caption id="" align="alignleft" width="455"] Bidenomics Means Lost Earnings[/caption]…[more]
The government announced Tuesday that the Consumer Price Index rose 3.2% in October from the same time last year. That is less than the 3.7% prices rose in September, leading to a lot of commentary about "good news" on inflation.
"Today we saw more progress bringing down inflation while maintaining one of the strongest job markets in history," President Joe Biden said in a statement. "At 3.2%, annual inflation is now down by 65% from the peak." Democrats will certainly hope that Biden, whose job approval for handling the economy has been in the 30s and shows no sign…