Bidenomics: A Failure of Leadership | The Cost of Runaway Spending and Reckless Policymaking

Excerpt:  “Today, U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, released a report, ahead of the State of the Union, detailing the devastating impacts of President Biden’s failed policies on American families.  Since President Biden took office, real wages for all employees are down 1.3 percent while inflation has pushed prices up more than 18 percent. Additionally, consumer spending is up by 26 percent over the same time period, as Americans have to spend more just to pay for their daily expenses. ‘Bidenomics’ is also putting homeownership increasingly out of reach, especially for young families. Interest rates have increased to address inflation, resulting in mortgage rates that have nearly tripled since Biden took office in January 2021. A buyer of the typical home now pays nearly $2,200 total per month, more than double what they paid before President Biden took over.”