Americans have lost $7400 in income. Do you REALLY think that this would be happening under Trump?
"""The media are wondering why the public continues to be sour about the U.S. economy despite the Biden Administration’s attempt to explain how great it is. The answer lies in a startling comment by House Speaker Kevin McCarthy on Monday in his speech at the New York Stock Exchange.
“Americans have received a pay cut for 24 consecutive months—the longest streak in American history—as inflation has persisted,” Mr. McCarthy said. “In fact, since President Biden took office, families have lost the equivalent of $7,400 worth of income.”
If true, this means that Americans haven’t had a raise since Mr. Biden took office. We’ve been wondering about that ourselves, as we monitor the monthly inflation statistics and their impact on real earnings. The nearby chart tells the story, and, sure enough, the Biden Presidency has been dreadful for incomes after inflation, which is one proxy for the overall American standard of living.""