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In reply to the discussion: America needs to suffer [View all]Johnny2X2X
(22,831 posts)Yeah, I think the deck was stacked against Biden. You had 40 years of Conservative economic policy and he completely turned the ship around, but it would have taken another 40 years for working people to get back what they had taken from them.
Still, he didn't get credit. My whole life I have been told, "Rich people get richer, and poor people get poorer." That actually reversed under Biden, the bottom 90% saw real income gains and the top 10% actually saw their real income decrease slightly. The bottom 50%'s share of the nation's wealth actually increased. The net worth of the bottom 50% broke records. But so little of this was reported.
I remember an article that got several threads here about living paycheck to paycheck. It said something like, 70% of Americans are living paycheck to paycheck under Biden. Well, I actually pulled the data from the same pollster and that 70% was actually an improvement, it was like 78% under Trump. Yet it was not reported that way, even here on DU, the headline should have been "less people living paycheck to paycheck under Biden than Trump. And that's not even getting into why that's a bogus poll question to ask. I know many people who say they're living paycheck to paycheck, but they have $10K or more in their savings accounts.
Biden did more for the middle class and the working poor than any President in my 52 year lifetime. Tangible benefits to help people take home more and spend less. People saw record net worth growth, record savings, and robust real wage growth. But 4 years wasn't enough time to undo 40 years of Reaganomics, so we're giving all those gains back because Trump is takling everything for the rich because that's what he thinks he was installed to do.
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