I debated with myself whether to post this thread. I don’t really actually blame Joe Biden personally for inflation. Nonetheless the following is true:
Adjusted for inflation, the average American is now making 9% less than he was the day Joe Biden took office.
Of course, that is just an average.
Mathematically, since they are part of the average, the rest of us lost more than 9%.
Obviously we cannot expect zero inflation for any sustained period.
But for reference the green line below shows us approximately what would have happened to real personal incomes had it not been for the zany crazy responses to COVID.
No choice, there was a deadly pandemic with a 0.1% mortality rate for those under seventy.
aka 1,000,000 dead citizens.
Allan
US mortality rate continues to climb.
Allan
As someone who lives on SS, a modest monthly investment income disbursement and a “retirement” part time job, the monthly income doesn’t pay for or buy what it did 2 years ago.
We’ve had to adjust what “disposable” income we had and take advantage of grocery “BOGOs” and coupon shopping. And we’re not alone by no means.
Not sure of the why but IMHO, J’Biden’s day 1 EOs beginning with suspension of the Trump energy policies ■■■■■■ us all.
What an ass.
People had to GET TESTED just to know if they had it or not.
It was so scary! 
Transportation costs go into everything.
The multiple multitrillion dollar spending bills by Joe Biden were totally unneeded and what drove the inflation not the pandemic spending.
The pandemic spending is a drop in the bucket to Biden’s wild spending on woke ideals such as green energy and climate change,
I think the usual response here, as I recall, was do you want to kill your grandmother?
I am not usually the class-envy type,
but in the current “almost-recession” or however we are describing it the number of airline tickets sold, and upper end homes sold etc. shows that there is a class of people who are doing better-than-ever.
Meanwhile statistics of auto loan defaults, credit card use, bank account trends etc. shows there is a class of people whose situation is deteriorating rapidly. (perhaps very rapidly.)
As far as class-envy stuff, the things the left says year after year every year are actually happening in the current crisis. “Even a broken clock” I guess.
new terminology? we are not in a recession. the economy grew 1q23 and will prolly grow again in 2q2023. (according to current projections)
its like being almost pregnant.
either you are or you arent?
Allan
Let’s see it.
The OP was pretty generous not blaming Biden.
To be fair we spent massive amounts of money under both Trump and Biden. I think you can argue that Trump’s kept the economy afloat…too much…yes.
But when Biden took office the economy was coming back. His response was to throw trillions of dollars worth of gas on that fire…(some lib will now write “you know we were going to have inflation no matter what…worldwide phenomenon you know!”)
The rest of the world didn’t immediately take steps to cripple its country’s energy industries and spend 7 trillion starting with that needless American rescue plan…for a while there the fed would raise interest rates and Biden and the idiot left would answer with students loan forgiveness or the inappropriately named inflation reduction act and just spend more.
You are right in blaming the Biden bunch…
We the people should now be demanding spending restraint…sadly I doubt DC will listen.
Yeppers
Real GDP growth was negative 2 quarters of last year
(that’s a recession under the old definition, the new one requires unemployment too)
Real GDP growth current sits at about 1.3% annualized, roughly half what it was in the stagflation 1970s. A near-recession is a very good term for it although I believe we will soon call it “entering a recession.”
My savings have been reduced by about 40%, but that’s mainly because of spring fever. I fixed up a lot of things around the property and took my daughter to Niagara Falls last week. Planning on taking my son to Mt. Rushmore and Crazy Horse this month.
I started eating nothing but whole foods right around the time the Kid Sniffer came into office, so my grocery costs are reduced over all now that food prices are starting to level out a bit ahead of the election.
I make responsible decisions with my life, like not using the credit cards, saving up for and buying the things I actually want with cash, staying away from debt in general, etc… Y’all would be surprised at how rich people will start to think you are simply because you aren’t drowning in monthly debt. I live far more comfortably living on [close to] the nation median income than my sister who makes well over 6 digits a year (over twice as much as I do) as a result.
All of my pensions received about a 9% raise this year, so I’m not feeling the crunch nearly as badly as the vast swaths of libs suffering from buyer’s regret. While they’re deciding which can of beans to live off of, I’ll be planting 18 new blueberry bushes this year, along with several more 4-in-1 fruit trees, in order to maintain my “diet” so I don’t get fat again.
Elections have consequences. They (D)eserve their manufactured hardships. Couldn’t have happened to a more deserving voting block, really. It’s just a shame that when libs throw fits, everyone around them gets injured, murdered, or poorer than they already were. Selfish creatures… 
I’ve been going with recession since last year….
Libs had to completely redefine the term (language is an enemy of the left apparently since they seem dedicated to destroying it)….to claim we weren’t in one.
Personally I’m working my ass off making more and keeping less…I’m currently making sone pretty big lifestyle changes to try to get ahead…
Biden/democrat policies have made life worse for millions of us.
Great post! Whole foods + minimalism has helped to shield me from the financial problems a lot of others deal with.
I am not disparaging of the new definition. A recession with strong employment is not traditional recession, but yeah it does make me suspicious.
