Bidenomics after 38 Months: Six Charts the Media Don’t Want You to See
Gas prices: up 46%
Real Wages:After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the fourth quarter of 2023, average real earnings had fallen to $371.
Under Trump, however, real wages rose from $352 on January 1, 2017, to $373 on January 1. 2021.
Mortgage Rates:It’s also costing far more to finance a home purchase under the Biden Administration.
Mortgage rates today are more than twice the average rate home buyers paid when Trump left office, Freddie Mac data reveal. Under Biden’s predecessor, the average 30-year fixed mortgage rate fell by a third, from 4.09% to 2.77%. But, by April 4, 2024, mortgage rates had more than doubled, to 6.8%.
Consumer Price Index:Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.
In contrast, prices have already risen more than twice as much, 18.9%, in just 38 months under Biden. More than three-fourths of the way through his term, the CPI has risen from 262.518 in January of 2021 to 312.230 last month (March 2024), putting it on pace to increase nearly three times as much as it did during Trump's full, four-year term. On a monthly basis, inflation averaged 1.9% under Trump, compared to 5.5% under Biden, thus far.
What you hear about the economy are lies. They are based on cooked figures from an illegitimate government.
https://mrctv.org/blog/craig-bannister/bidenomics-after-38-months-six-charts-media-dont-want-you-see
Gas prices: up 46%
Real Wages:After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the fourth quarter of 2023, average real earnings had fallen to $371.
Under Trump, however, real wages rose from $352 on January 1, 2017, to $373 on January 1. 2021.
Mortgage Rates:It’s also costing far more to finance a home purchase under the Biden Administration.
Mortgage rates today are more than twice the average rate home buyers paid when Trump left office, Freddie Mac data reveal. Under Biden’s predecessor, the average 30-year fixed mortgage rate fell by a third, from 4.09% to 2.77%. But, by April 4, 2024, mortgage rates had more than doubled, to 6.8%.
Consumer Price Index:Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.
In contrast, prices have already risen more than twice as much, 18.9%, in just 38 months under Biden. More than three-fourths of the way through his term, the CPI has risen from 262.518 in January of 2021 to 312.230 last month (March 2024), putting it on pace to increase nearly three times as much as it did during Trump's full, four-year term. On a monthly basis, inflation averaged 1.9% under Trump, compared to 5.5% under Biden, thus far.
What you hear about the economy are lies. They are based on cooked figures from an illegitimate government.
https://mrctv.org/blog/craig-bannister/bidenomics-after-38-months-six-charts-media-dont-want-you-see