By
G. McConway
|
September 23, 2022

Average Family Has Lost $4,200 in Income Under Biden

Joe Biden loves to talk about those stimulus checks.

Biden believes that those checks set up every American to be able to withstand the hit we are taking from inflation.

To use one of Joe Biden's favorite words… that is "malarkey."

Losers

Since Joe Biden has been in office, experts say that we have lost $4,200 in earnings.

That is just a little more than Joe's free checks.

EJ Antoni, research fellow in regional economics with The Heritage Foundation's Center for Data Analysis, stated, "Simply put, working Americans are $4,200 poorer today than when Biden took office.

"This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars."

Antoni continued, "Washington recklessly spent trillions of dollars it did not have and paid for it with newly printed money, causing rampant inflation that has destroyed people's purchasing power and jeopardized Americans' financial futures."

I am sure the Biden administration will deny and spin, but we all know what is happening to our bank accounts right now, and it is not pretty.

Source: Fox Business

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