Americans are anxious about the US economy and for good reason. Americans are poorer now than they have been. Of course those of us who care about the federal government’s finances (Biden seems not to) are also concerned by the out-of-control debt that has been piled on in recent years.
But, as Stephen Moore points out in a new article, Biden’s policies have increased poverty. This is no surprise to anyone who understands basic economics. Blowing money on so-called “green” boondoggles, massive spending and inflation, and rampant federal regulations (including on energy) have caused poverty to worsen significantly under Biden. See the very telling chart below.
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