You can’t feed your kids on happy talk about Bidenomics.
Author: John Carney
Higher Gas Prices Reignite Bidenflation, Worst Monthly Inflation Increase Since June 2022
Prices rose rapidly as the summer wound toward its sweltering end in 2023, with monthly inflation rising at the worst pace in 13 months.
Breitbart Business Digest: We Haven’t Had a Year This Bad Since Obama Was President
The last time household income suffered a decline as large as it did in the second year of Biden’s presidency was in the second year of Biden’s vice presidency.
Bidenomics Broke America: Real Household Income Suffers Biggest Drop In 12 Years
After taxes, median real income fell 8.8 percent last year.
Breitbart Business Digest: Bidenomics Summer Ends with Americans More Pessimistic About Their Finances
If Joe Biden was hoping this would be a hot Bidenomics summer, he has got to be feeling pretty disappointed right now.
Breitbart Business Digest: Bidenomics Is Pushing Down Wages by Flooding the Country with Migrants
Bidenonomics is putting downward pressure on American wages by increasing the labor supply through Joe Biden’s open border policies.
Wholesale Inventories Drop As Consumers Ramp Up Spending
An unexpectedly steep decline in wholesale inventories was likely the result of stronger than expected consumer spending.
Breitbart Business Digest: Bidenomics Is Creating a Debt-Inflation Spiral
The Biden administration’s deficit spending has become a big part of the inflation problem.
Unit Labor Costs Revised Up Sharply and Productivity Drops, Raising Inflation Risks
U.S. labor productivity was revised down sharply along with overall economic output growth, while employers spent more on U.S. labor. The growth rate of unit-labor productivity, a measure of goods and services produced per hour worked, was revised down to
Overheating: Unemployment Claims Plunge as Businesses Capitulate to Growth
The labor market shows no signs of cooling off, raising the risk that inflation will reignite.