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Bidenomics is working: Poverty rate increased in 2022; child poverty DOUBLED

AP Photo/Evan Vucci

If you've bought groceries, or gas, or clothes or … well, anything in the last couple of years, you've probably noticed that things are expensive. Very expensive.

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Yet, the Biden administration continues to tell us Bidenomics is working. We're wealthier than ever before. Record job creation. Repeat ad nauseam. 

Of course, it's all smoke and mirrors, really. “Record job growth’ is just all the jobs wrecked by COVID finally coming back online. Since the beginning of the year, almost half a million Americans were working two or more jobs.

And here comes ABC News with a depressing economic update: 

From the article (emphasis added):

The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.

In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families, according to the census.

The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.

The poverty rate among children saw a sizeable increase, more than doubling from 5.2% in 2021 to 12.4% last year, census data shows.

The increase in the child poverty rate comes after the child tax credit expansion ended on Dec. 31, 2021.

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Of course they blame it on the discontinuation of the child tax credit, which means maybe Bidencomics isn't working as well as they thought, if $300 a month per child is what stands between you and poverty. $300 with this inflation doesn't buy what it used to.

Twitter was quick to point the blame where it belongs:

He's not the only one:

Crashes make booms too, you know.

Sadly, yes.

It's all our fault, of course. We just don't appreciate what Biden has done to help us.

Credit card debt passed $1 trillion. Defaults on car loans are at record highs. Mortgage rates are over 7%.

See what we mean?

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Let's not give them any ideas.

No, the answer is probably no. Everyone is hurting and feeling the strain.

Maybe things would get better if Biden ate more ice cream and did less with the economy. 

It's not working for working people. Working people of struggling to make ends meet, and it's only getting worse every day. We can only hope things turn around soon and get better. For the sake of us all.

***

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