The Economic Situation for Millions of Americans Is Still Incredibly Dire
President Biden keeps touting improved economic indicators that don’t necessarily reflect the conditions of working people. Rather, data reveals an ongoing humanitarian crisis — one that Democrats were complicit in making, but so far refuse to acknowledge.
Joe Biden speaks at the George E. Wahlen Department of Veterans Affairs Medical Center on August 10, 2023 in Salt Lake City, Utah. (George Frey / Getty Images)
Democrats are touting economic recovery heading into the 2024 elections, and liberal pundits are claiming that “Bidenomics” is working and that those who disagree are disillusioned or ruthlessly partisan. But the country’s impressive economic growth belies the reality on the ground: millions of Americans are being left behind.
Yes, those White House press releases and Treasury Department fact sheets are right: broad economic indicators like gross domestic product and unemployment have markedly improved. Inflation is generally coming down, too.
“‘Bidenomics’ is working,” President Joe Biden said earlier this summer:
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