Bidenomics is a disaster, but president is still trying to run on it
Fox News
Biden is basing his re-election campaign on Bidenomics. But the reality isn't good for Americans. Falling wages, high inflation and higher gas prices show it is a disaster.
If the economy is so strong, why aren't Americans feeling the love? Tracking polls still show two-thirds of Americans believing the country/economy are headed in "the wrong direction." Something just doesn't feel right. Here are some reasons why:
First and foremost, it has been the economic reality that for most families, in 22 of the last 25 months, inflation has outpaced wages. So how can the White House claim that worker pay is rising? Here's the trick that the Biden number crunchers are playing: The White House is touting the rise of nominal hourly earnings, i.e., wages before inflation, since Biden took office. That part of the story is true.
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