Misery Index: Biden’s Economic Policies Are Clearly Failing Average and Poor Americans
Each month economists use the most recent Bureau of Labor Statistics data in an attempt to gauge the health of the economy. By adding the current U.S. unemployment rate of 3.90% to the current rate of U.S. inflation of 7.04%, economists quantify the economic well-being of the country into the U.S. Misery Index. In turn, the Misery Index is used to gauge how average Americans are weathering the ups and downs of the U.S. economy under the Biden/Harris administration’s economic policies.
The current U.S. Misery Index stands at a painful 10.94%. Granted, on paper, this is marginally better than last month’s 11.01%; however, things aren’t always what they seem for the average American family, nor are they always what the government desperately wants us to believe they are either.
Today’s a historic day for America’s economic recovery. pic.twitter.com/PG8EAIk415
— Joe Biden (@JoeBiden) January 7, 2022
According to the Biden administration, the American economy is fine. Americans are fine. Everything is fine. Is the health of the U.S. economy actually impacted by who is in the White House? When the Misery Index is superimposed on presidential administration terms, the answer appears to be yes with Americans fairing better when Republicans are in office. Biden’s 3.09% unemployment rate appears to be something to crow about, but is that really the case with such a high Misery Index? Is something other than Biden’s failed stimulus packages really driving the unemployment drop? – READ MORE
Responses