Despite administration and establishment media drumbeats, Americans aren’t buying Biden’s economic elitism. Facing Biden’s inflation over three years, Americans first consumed their savings and then began borrowing to keep pace. Now, high interest rates compound their price problem — even as touted economic growth slows. In the clash between macro statistics and micro realities, Biden is losing. Listening to “experts,” America’s economy is great. Biden trumpeted it in this year’s State of the Union: “I inherited an economy that was on the brink. Now our economy is the envy of the world! 15 million new jobs in just three years — that's a record! Unemployment at 50-year lows.”
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