Major media outlets and some politicians question why Americans don’t like the economic conditions facing their families and the nation as a whole. While Biden correctly notes (albeit sneakily) that the inflation RATE is down, the fact is that under Biden (unlike Trump) overall WAGES have dropped and dropped rather significantly for ALL employees. This happens regardless of numerical wage increases when inflation outpaces wage gains.
Biden could easily solve this problem by reducing federal spending and putting a stop to the myriad new regulations coming out of Washington (and the states), but that would require a complete revision of his economic approach.
The chart above is from the Committee to Unleash Prosperity.