http://twitchy.com/amy-curtis/2023/09/18/bidenomics-poverty-rate-increased-last-year-n2387427
If you've bought groceries, or gas, or clothes or ... well, anything in the last couple of years, you've probably noticed that things are expensive. Very expensive.
Yet, the Biden administration continues to tell us Bidenomics is working. We're wealthier than ever before. Record job creation. Repeat ad nauseam.
President Biden (@POTUS) ~ Inflation has fallen for twelve months straight, down to 3%.
Good jobs and lower costs: That’s Bidenomics in action.
Yet another example of Democrats being uneducated boobs. They don't understand basic math and statistics. Inflation has NOT fallen, as in reversed ... the rate of inflationary increase has declined. Therefore, inflation is still rising - just at a decreasing rate over the past several months. And with gas prices going up, you can probably expect the inflation rate to pick back up, some.
Of course, it's all smoke and mirrors, really. “Record job growth’ is just all the jobs wrecked by COVID finally coming back online. Since the beginning of the year, almost half a million Americans were working two or more jobs.
And here comes ABC News with a depressing economic update:
ABC News (@ABC) ~ The poverty rate in the U.S. increased last year, the first increase in 13 years, according to the Census Bureau.
http://abcnews.go.com/US/us-poverty-rate-jumped-2022-child-poverty-doubled/story?id=103130527&;cid=social_twitter_abcn
From the article (emphasis added):
The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.
In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families, according to the census.
The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.
The poverty rate among children saw a sizeable increase, more than doubling from 5.2% in 2021 to 12.4% last year, census data shows.
The increase in the child poverty rate comes after the child tax credit expansion ended on Dec. 31, 2021.
Kamala ala Bimbo says ...
... "We more than doubled the child poverty rate!!! Woo hoo!"
Of course they blame it on the discontinuation of the child tax credit, which means maybe Bidencomics isn't working as well as they thought, if $300 a month per child is what stands between you and poverty. $300 with this inflation doesn't buy what it used to.
$300 per month tax credit? Puhleeeeeease! No, you dipsh!ts ... you decrease poverty rates by allowing the American economy to grow - float all boats - NOT by handing out measly little $300 a month tax credits that actually are government payments that take money out of the overall economy. Woof! Not only do you Democrats not understand basic math - you don't understand basic economics, either. Ignorant hicks.
Twitter was quick to point the blame where it belongs:
Cruadin (@cruadin) ~ #Bidenomics is finally getting some traction.
WH officials said, "Ya ain't seen nothin' yet, folks."
He's not the only one:
Aragorn Aragon (@RXCafeTX) ~ Biden Boom Indeed!
Crashes make booms too, you know.
Queen Velvet (@TMIWITW) ~ You understand the Biden administration thinks this is a good thing, right?
Well, of course Geriatric Joe thinks this is a good thing ... he has his ... and that's all that matters.
Sadly, yes.
alrightythen (@jeeezelouise) ~ But I'm told we just don't understand all that Joe has done for us.
It's all our fault, of course. We just don't appreciate what Biden has done to help us.
Ms. G (@G__Tweets__) ~ Bidenomics = “Build Back Broke.”
Credit card debt passed $1 trillion. Defaults on car loans are at record highs. Mortgage rates are over 7%.
Ryan Schmid (@Schmiddysaurus) ~ People are only in poverty because they are using all of their available consumer credit because the economy has never been stronger.
See what we mean?
Never Acceptable Tizok (@PixelBuff) ~ Have they tried sending more money to Ukraine?
Let's not give them any ideas.
Scott Manley (@ManleyWMC) ~ Bidenomics - are you better off now than you were four years ago?
No, the answer is probably no. Everyone is hurting and feeling the strain.
Jon Gabriel (@exjon) ~
Maybe things would get better if Biden ate more ice cream and did less with the economy.
Da Dad (@RogueLeaderLA_ ~
It's not working for working people. Working people of struggling to make ends meet, and it's only getting worse every day. We can only hope things turn around soon and get better. For the sake of us all.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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