Bidenomics In 3 Charts! Share of Total Net Worth Held by the Top 1% Near All-time High, 25 Straight Months Of NEGATIVE Real Wage Growth, 3 Straight Quarters Of NEGATIVE Net Worth Growth – Confounded Interest – Anthony B. Sanders

Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt administation, it is more like an economic FLEA market. Where the fleas get crumbs and the 1% get all the steaks and champagne.

Bidenomics is a confluence of insane levels of Federal spending and horrid Fed monetary policy, particularly in reaction to Covid.

Then we have 3 consecutive quarters of declining household net worth. Meanwhile, the Obamas and Biden (and {Pelosi) get wealthier by the day.

Finally, we have 25 straight months of NEGATIVE REAL weekly wage growth.

When Biden incoherently explains Bidenomics, he is really saying that he hates tax cuts to generate economic growth. After all, Biden and the DC bureaucracy think your money belongs to them.