As the challenges to the economy have evolved, politicians have not learned to focus on what is really hurting the American people.
Traditionally, unemployment and jobs are key indicators of economic health. In most elections, candidates either tout the jobs that have been created since they were elected or criticize increasing unemployment numbers.
The firm tracks the inflation rate from the day a president takes office. The amount inflation has gone up across a presidential term is the key result of the presidential inflation rate. The annualized inflation rate understates the pain experienced by Americans. If you look at the Winston Group’s PIR measurement, you see that food prices under Mr. Biden have gone up 19.4%. The price of electricity has gone up 25.6%. Gasoline prices have gone up 53.4%.
In just the last few weeks, the price of gasoline has jumped 30 cents a gallon to an average of $3.87 for regular and $4.62 for premium. That is up from $2.42 for regular when Mr. Trump left office. It is a 60% increase in the cost of something most Americans must buy. Home values decline because people cannot afford the much-higher cost of the mortgage. When Mr. Trump left office in January 2021, mortgage rates averaged 2.65% — the lowest in 30 years.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NBC panel hammers the president over 'Bidenomics,' dismal polling: More like 'Clinton in ’16'An NBC 'Meet the Press' panel sharply criticized President Biden over his dismal poll numbers and a refusal to comment on investigations into his son on Sunday.
Baca lebih lajut »
As inflation punishes Americans, Joe Biden lies and lies and liesPresident Joe Biden is in the middle of a victory tour over his supposed economic successes — but the numbers keep showing his arguments for Bidenomics are pure disinformation. “It’s working,…
Baca lebih lajut »
Raising financial awareness: Americans still not saving enoughTammy Trenta, the founder and CEO of asset management firm Family Financial, looks at ways Americans can improve their financial awareness.
Baca lebih lajut »
Millions of Americans are Zooming all wrongZoom has called employees back to the office, but what about all those employees who are still grappling with video conferencing?
Baca lebih lajut »
Americans need to know about U.S. involvement in PakistanKhan was a critic of the U.S. invasion of Afghanistan and its drone attacks in Pakistan.
Baca lebih lajut »