The Brandon economy is just doing so wonderful, eh?
Real Personal Income Fell in March as Bidenflation Soared
Disposable income fell in March after adjusting for inflation, the Commerce Department said Friday.
Real disposable personal income, which is income after taxes and inflation, fell 0.4 percent in March compared with February. This was the seventh time in the last eight months that disposable personal income in the U.S. fell from the previous month. It rose in February by 0.15 percent.
In nominal terms, disposable personal income rose 0.5 percent but consumer prices rose 0.9 percent, swamping the income gain.
Does anyone think Brandon cares?
Heading for an election wipeout, Joe Biden is doubling down on every failed policy
As Joe Biden’s Hindenburg of a presidency continues its fiery descent into historically low popularity, the whiz kids at the White House think they have a solution. Their answer, amazingly, seems to be to double down on their cavalcade of failed policies and get Mumbly Joe out in front of the American people more.
That’s right, the man who rode to the presidency hiding in his basement is supposed to electrify voters and save the Democrats in the midterm. (snip)
On the economy, inflation is so high that a trip to the grocery store almost requires taking out a second mortgage. Biden’s answer: To that is to spend and print more money, which is obviously how we got here in the first place. Meanwhile the Gross Domestic Product is in the red by 1.4% all while the president pretends he’s doing a fantastic job with his American comeback. In addressing this stark decline in the economy the president blamed “technical factors.” Technical factors? This is meaningless gibberish at a time when Americans are financially suffering.
The only question now is “is this just incompetence, a complete lack of caring, or, intentional for some nefarious reason?”
Read: Good News: Disposable Personal Income Fell Yet Again »