Bidenomics! American households spent staggering $709 more in July than two years ago in 2021

The bogus narrative of the economic prosperity brought by “Bidenomics” doesn’t match the reality that most Americans are feeling the pain of a prolonged period of sustained inflation with new numbers from Moody’s providing a fact check about the effects of President Joe Biden’s policies.

As Biden, the White House, and an army of propagandists continue to gaslight the public about the true state of the U.S. economy, the respected economic analysis firm did the hard work of crunching the numbers and found that the typical American household spent over $200 more in July for the same goods and services that they did last year and a staggering $709 more than two years ago in 2021, the year that the Biden regime took over the policy-making apparatus.

“To be sure, the high inflation of the past 2+ years has done lots of economic damage. Due to the high inflation, the typical household spent $202 more in a July than they did a year ago to buy the same goods and services. And they spent $709 more than they did 2 years ago,” wrote Moody’s Analytics chief economist Mark Zandi on Twitter/X.

While the crushing effects of inflation may have moderated somewhat from last year, real Americans fully understand that they have suffered under Biden’s tenure with trips to the grocery store becoming a painful experience and gas prices once again on the way up, the numbers are so brutal that even CNN has been forced to cover them.

In an email to CNN, Zandi attributed much of the increased spending being in housing costs, “He added that families are also spending more at the grocery store; on buying, maintaining and insuring vehicles and on recreational services like cable,” the outlet reported.

The Moody’s economist also engaged in some familiar excuse-making for why earnings remain low, telling CNN, “Real earnings remain below what they would have been if not for the pandemic and the Russian war, which is weighing on the collective psyche.”

Many were happy to point out that the real definition of “Bidenomics” is inflation.

It may not be a good omen for Biden’s reelection prospects When even CNN is forced to tell the truth.

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Chris Donaldson


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