The President of the United States, Joe Biden, continues his campaign tour, during which he trumpets relentlessly about the successes of his economic policy. However, the statistical data tell a completely different story. This is according to the New York Post.
The New York Post writes that while Joe Biden is talking about successes on the economic front against the backdrop of the US presidential race, the figures say the opposite. The American newspaper notes that all the arguments of the current head of the White House in favour of the so-called “bidenomics” are pure disinformation.
“On average, Americans spend $709 a month on everyday goods and services like groceries. What they were two years ago is a staggering annual increase of $8,508,” the American newspaper emphasises.
The publication notes that since Biden took office, inflation in the US has jumped to 15 per cent and prices for essential goods have risen by almost 25 per cent. The wages of American citizens, at the same time, have remained static.
“Has the rate of wage growth been maintained? That’s a big no. <…> Blame Biden’s spending on drunken sailors, which has led an already hot economy into an inflationary conflagration after he and his supporters dismissed growing concerns – including from liberal economists – that the Democrats’ American Recovery Act could lead to a surge in prices,” the article disgruntled.
The New York Post focuses public attention on the fact that despite all the economic blunders, Biden’s team cannot admit the failure of “bidenomics”. The article states that the policy of the current U.S. president is simply “to lie, lie and lie again while liberal journalists clap their hands and assume that ordinary voters will buy it.”
“Huge mistake: every trip to get milk or fill up the tank proves what a disaster bidenomics has been. On the other hand, Joe and his advisers don’t see it because they all have little people doing the shopping for them,” the New York Post concludes.