Joe Biden touted “Bidenomics” in Auburn, Maine, on Friday, although the buying power of the dollar has dramatically decreased since he took office, and polls show Americans have little faith in the economy.
President
Despite Biden’s brags, the buying power of the American dollar has dropped dramatically when compared with January 2021, when former President Donald Trump left office. Per the Bureau of Labor Statistics, $1.17 today has the same buying power as $1.00 did when Biden became commander-in-chief.time frame during Trump’s presidency, $1.00 in January 2017 had the same buying power as $1.05 in June 2019. This marked only five percent inflation over two and a half years.
poll, while 74 percent rated it as “Fair” or “Poor,” including 46 percent who said it was “Poor.” Moreover, 47 percent of the respondents believe we are in a recession, while another 21 percent think one is likely in the next year. However, inflation is cooling and labor markets have not been terribly affected as many economists had predicted. In the face of the scrutiny and a reeling economy, Biden embraced “Bidenomics” on the off chance that inflation stabilized and employment levels were not dramatically affected, as Breitbart News’s John Carney, so he might as well have bet that it would improve,” Carney wrote.
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.
Donald Trump indicted: Former president asks what happened to 'crooked' Joe Biden's caseHours after being handed additional charges in the investigation into his handling of classified documents, former President Donald Trump took to his social media platform to defend himself and ask, 'Whatever happened to the Crooked Joe Biden Document's case?'
Read more »
Kaylee McGhee White and Stefanik agree: ‘Hunter Biden story is a Joe Biden story’WATCH: dcexaminer’s KayleeDMcGhee asked RepStefanik whether she would support an impeachment inquiry given that the “Hunter Biden story is a Joe Biden story.” “Absolutely,” Stefanik responded.
Read more »
Senate panel advances bills to childproof the internetPresident Joe Biden has made child safety a top administration priority.
Read more »
Show me love | Editorial CartoonJohn Cole on President Joe Biden getting some Philly love.
Read more »
GOP 2024 hopefuls united on opposition to abortion and youth transgender surgeryAlthough policy-heavy matters such as health insurance, Medicare, and pharmaceuticals are still a high priority for 2024 GOP candidates, subjects such as COVID-19, gender transition medicine, and abortion have taken center stage.
Read more »
CBP stats show lowest number of border crossings in 2 1/2 yearsU.S. Customs and Border Protection's (CBP) latest operational statistics, for June 2023, show a “significant and continuing decline in migrant encounters along the Southwest border.”
Read more »