Is Biden’s Economic Plan Working? Real Disposable Personal Income Down -6.4% YoY In 2022 (Worst Since The Great Depression) – Confounded Interest – Anthony B. Sanders

President Biden touts his economic plan as being a great success. But the data says otherwise. Real Disposable Personal Income, for examplge, was down -6.4% year-over-year (YoY) in 2022. That is the WORST reading since The Great Depression.

And to cope with inflation, Americans have expanded their credit useage, but credit card delinquencies are through the roof.

So much for “Middle Class Joe” and The Forgotten Man. Biden hasn’t forgotten, he just doesn’t care.