Joe Biden’s reelection campaign is off to a rocky start.
Biden continues to live in denial about one disaster that could sink his chances.
And Joe Biden saw one shocking number that confirmed his goose will be cooked in 2024.
President Joe Biden is living in a fantasy world about the terrible economy he’s presiding over.
Democrats and their media allies claim that the economy is getting better, and the only reason voters don’t see this is because of messaging problems.
A sluggish economy leaves Biden as the most vulnerable Democrat incumbent heading into reelection since former President Jimmy Carter in 1980.
The country is being crushed by high inflation and the skyrocketing cost of loans from rising interest rates.
The President’s happy talk about the success of so-called “Bidenomics” was exposed by the economic data produced by his own regime.
Poverty rate increased for the first time since the aftermath of the Great Recession
According to new data from the Census Bureau, the poverty rate rose by 4.6% in 2022.
This is the first increase in poverty since 2010 when the country was recovering from the 2008 financial crisis.
As Biden’s economic policies went into effect, the poverty rate jumped from 7.8% in 2021 to 12.4% in 2022.
40 million Americans are now living in poverty under Biden.
The child poverty rate nearly doubled from 5.2% to 12.4%.
This dramatic increase in the poverty rate came after the Biden regime poured more than $1 trillion into government welfare programs.
Despite the fact Democrats had total control of the federal government during the increase in poverty, Biden laughably tried to blame Republicans for the bad news.
“The rise reported today in child poverty is no accident — it is the result of a deliberate policy choice Congressional Republicans made to block help for families with children while advancing massive tax cuts for the wealthiest and largest corporations,” Biden said.
This a drastic departure from former President Donald Trump’s administration, where the poverty rate fell every year of his Presidency.
U.S. incomes fall for the third straight year
Democrats and their media messengers claim that concerns about inflation are overblown, but data from the Census Department tells a different story.
In 2022, American incomes fell for the third year in a row as surging inflation outpaced the average pay raise for workers.
Inflation-adjusted median household income declined from $76,330 in 2021 to $74,580 in 2022, a 2.3% drop.
Americans’ paychecks aren’t going as far as they used to as inflation eats away at the value of their money.
But the latest inflation report came in hotter than expected, confirming that it’s going to continue to linger for quite some time.
“Guess what? Bidenomics is working,” Biden boasted.
But the numbers from the federal government paint a vastly different picture.
The reality is that keeping up with the cost of living is getting more difficult for the average American.
And this could spell doom for Joe Biden’s reelection chances.
Deplorable Daily will keep you up-to-date on any developments to this ongoing story.
