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Moody's: American households spent $700 more in July than two years ago

AP Photo/Jacquelyn Martin

As he's made pretty obvious, President Joe Biden has pivoted to "Bidenomics" as his greatest achievement. We've been assured that people have more "breathing room" now that Biden's economic policies are finally kicking in. We showed a chart earlier from the White House showing a dip in inflation … while conveniently ignoring the massive spike after Biden took office. We're all better off — we just don't realize it yet, because of gas prices and grocery prices and utility prices — plus the fact that Biden's just too modest to take credit for his awesome achievement.

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Moody's Analytics has some news on the Bidenomics front: the average American household is paying hundreds more a month than it did two years ago.

We haven't heard about "Putin's price hike" in a while.

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It's incredible to believe that this moron could be elected again in 2024. Just this week we heard Biden mention the Inflation Reduction Act … it was providing tens of millions to make parks more resilient to climate change.

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