Staff Reports
The Biden administration continues to share falsely positive news about the economy on social media, but the truth is evident to Americans feeling the pinch in their wallets. The University of Michigan’s consumer sentiment surveys reveal a significant 30-point drop in buying conditions for homes, setting a new record surpassing the 1980s decline.
Over the past four years, the index for home buying conditions plummeted by 110 points, a staggering 73 percent decrease, mirroring declining buying conditions for appliances and cars. Biden’s Build Back Better plan promised economic growth without inflation, but instead, the nation faces multi-decade highs in inflation due to wasteful spending on overseas conflicts and supply chain disruptions.
— Mike (@NCSecession) May 27, 2024
The open borders policy exacerbates nationwide crime rates, diverting billions of taxpayer dollars to address resulting issues. Critics argue that the administration’s detrimental economic decisions seem intentional, hurting hardworking Americans. Despite leftist claims of Biden’s economic successes, rising rents challenge this narrative.
Inflation woes persist as home values rose less than one percent amidst worsening buying conditions. Household net worth only increased by 0.7 percent over Biden’s tenure compared to a substantial 16 percent under Trump when adjusted for inflation. The grim reality of a stagnant economy under Biden contrasts sharply with the administration’s misleading positivity.
America faces one of its most challenging economic times, with Biden’s failed policies weighing heavily on the nation. As the 2024 elections approach, the Democrats must carry the burden of this economic downturn caused by Biden’s mismanagement.
