President Biden touts his economic plan as being a great success. But the data says otherwise. Real Disposable Personal Income, for examplge, was down -6.4% year-over-year (YoY) in 2022. That is the WORST reading since The Great Depression.
![](https://confoundedinterestnet.files.wordpress.com/2023/02/reaalisppers.png?w=1024)
And to cope with inflation, Americans have expanded their credit useage, but credit card delinquencies are through the roof.
![](https://confoundedinterestnet.files.wordpress.com/2023/02/delinqcc.png?w=1024)
So much for “Middle Class Joe” and The Forgotten Man. Biden hasn’t forgotten, he just doesn’t care.
![](https://confoundedinterestnet.files.wordpress.com/2023/02/amityshlaes.png?w=472)