Biden Decimates 26M Low-Income Families; All are in FREE-FALL

Democrats are the party of pretenders. They pretend to care about education, yet they destroy our schools. Then they pretend to care about racism, yet they stoke the flames of racial discord. And then there are the poor, far-less privileged families. Democrats promise them a leg up, they strip them of all they’ve got.

Joe Biden is no different. In fact, thanks to his policies, more than 26 MILLION low-income families no longer have a shred of savings. It’s gone. All of it.

Maybe I’m especially sensitive to this subject because it effects me personally. I’m not sure if I’m the top of the bottom class or the bottom of the middle class, but I do know that I don’t have two pennies to rub together the day after payday. I rob Peter to pay Paul and then hope Mary never calls. I take no comfort learning that I’m truly not alone.

In fact, with every passing day under the Biden Administration, thousands of Americans join me. And that’s a sad fact when we have the potential to be the greatest country in the land. In fact, just two years ago, we had resumed our post on top of the hill, and our people were prospering. Even me.

About a month ago, my husband surprised me with tickets to a Trump rally in Austin. It was so exciting to be there. And Trump said a lot of things that had me shaking my head in agreement. One of which went something like this: “When I was President, you were all prospering. You went out and bought these new trucks. Big, beautiful trucks. And now you can’t afford to drive them.”

Truer words could not be spoken. I drove around in old beater Suburbans or Yukons because I didn’t want to take on a car payment. A little back story, I adopted my four youngest kids, and when I did, I had to choose between my new minivan, and four more mouths to feed. So I sent it back, with great sadness. I thought I’d never get a new car again. But there came a time when I was looking at my 20-year-old vehicle with 300,000 miles on it, with it’s oil leak, bad fuel pump, and worn out interior and I said to myself “you can do it!”.

For years I had dreamed of a shiny black SUV with all the bells and whistles.

After quite a fiasco, I bought the car of my dreams, and I was so proud of myself. It seats nine people! For this mom of seven, that was perfect. My first time to the gas station, it was $46.00 to fill her up. What could be better? I now had a reliable set of wheels to take my family anywhere.

Fast forward a few short years, and now I barely go anywhere for fun. My last tank of gas was $140.00. That’s no exaggeration. And my grocery bills are running $3,000 a month. I think even Elon Musk would be questioning where the money was going if he had to run my household for a month. In fact, I’m pretty sure that’s why he just cast his first REPUBLICAN vote. We can’t hold up much longer. And while Bidenflation hits the poor the hardest, those rich portfolios are taking their hits as well.

Do you think Biden has a plan?

Well, I assure you that he doesn’t!

From the House Ways and Means Committee:

Accelerating inflation has wiped away 26 million low-income households’ savings, according to a new report, with these Americans losing nearly $16,000 under President Biden. Overall, American workers have received a nearly four percent pay cut under President Biden, which has prompted nearly 70 percent of Americans to report they’re having to dip into savings to cover basic expenses.

While President Biden claims that his stimulus helped families, another report shows his stimulus fueled inflation, raising prices for the typical household by over $7,600, well over the $6,000 in government checks the Administration sent to a family of four.

Bottom Line: Without savings to rely on, low-income Americans are being squeezed the hardest by Biden-Flation when economists warn of a looming recession.

Biden-Flation Hits Low-Income Americans the Hardest.
        • According to analysis of data from the Federal Reserve, low-income households’ savings have dropped nearly 26 percent under President Biden.
        • As Former Obama-Biden economic adviser Larry Summers warned back in May of 2021, inflation “disproportionately hurt[s] the poor.”
        • Analysis from Wells Fargo found that Hispanic and Latino Americans experience the highest inflation rate, with Black Americans not far behind.
        • A Penn-Wharton Budget Model analysis estimated that higher prices outpaced an increase in earnings for many households earning less than $60,000.
Main Street Businesses & American Families Are Suffering.
President Biden Doesn’t Have a Plan to Fight Inflation.

I call it “Build Back Broke.” Because that’s all Biden has given us. Empty savings accounts, empty gas tanks, empty refrigerators, and empty promises. But by all means, tell me again how rude the orange man is when he tweets.

131 Comments

  1. First off Biden doesn’t give a rats butt what happens to low income families or anyone that’s not in his elite status! Second, these are mostly the fools that elected him so why should any others give a rats butt about what is happening to them? I hope they all suffer big time!

    1. Yep, you’re right Ray! The lefts whole objective has been to destroy this country. They want communism. Just look at all the radicals and what they are tearing down. It’s very sad!

  2. What a great article to share with your liberal friends. Some will be in that 36% who still believe the rainbows and unicorns that Joe Biden is pushing but others are finally catching on. And they are not happy to see the high prices of fuel, the high grocery bill, the empty grocery and store shelves but who do they have to blame – not the ‘Orange Man’.

  3. Very well written and truthful! I’m hoping this article will reach the eyes and intelligence of all those Democrats who voted for Biden just to spite the orange man. Was Trump’s reign REALLY THAT bad?? Didn’t we see enough disparity for 8 years that affected all races of Americans when Obama was in office? He too financially assisted foreign nations i.e. Iran and Africa before he helped his own nation as well as illegal felon aliens through subsidized sanctuary cities, DACA, military aid abroad, bypassing regulatory action by congress. Knowing Biden was his VP, what made Democratic voters think Biden elected as president would be any different?! Democrats don’t care about poll results or existing laws that are to keep illegal actions in check as long as they are in power. The writing was on the wall when Democratic governors were holding Americans hostage by using covid as an excuse during costly protests that resulted in loss of capital income. Jobs. Money. Where are the return of mom & pop businesses? Just look at all the corruption we are witnessing today by various government departments…the audacity and overreach of power! Schools are being transformed as indoctrination centers. It was no different when Obama was in office i.e. forced teaching of Muslim culture (now transgenderism), DOJ, Hillary, Operation Fast & Furious, Eric Holder, Iranian Deal, etc. Say… whatever happened to Holder and Hillary and the countless other keyplayers? Where are they today? Are they suffering too? Was the hatred for orange man worth it?

  4. Biden (or at least the other leeches) do have a plan. They wamt to destroy the USA and decimate the world population so the Elites can take over again as the slave masters.

  5. All these years, I have wondered what the “D” really stands for…..Despicable? Disgusting? Delusional? Desperate? Depraved? Deplorable? Delirious? Nope, it’s Dumbass!

  6. When I was low-income and poor, I didn’t have a savings account, much less enough money after expenses to even drop a dollar in one. So, I can’t imagine how some people are actually making it in this time. And to add to the problem, some of us are still paying back all those wonderful Stimulus checks. With Biden, I think every day is a new day. He can’t remember what he did the day before, so he’s easy to manipulate. Of course, that’s not saying he still wouldn’t be wreaking havoc on Americans. And now we’ve got Obama rearing his ugly little pinhead more and more, inserting his softball style communist rhetoric. Now is the time we need to stay more vigilant, keep our eyes and ears open. Right now, the democrats still think they are in control, but the moment they really begin to realize they are losing ground, that’s when they’ll take more drastic measures to control Americans. As the saying goes, “Absolute power corrupts absolutely!” I am another American who misses Trump! Americans are in need of a whole lot of relief!

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