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Mortage Rates. MRC TV

By Craig Bannister, MRC TV, May 15, 2024

Liberal media are declaring Bidenomics a success – but, after more than three years, hard numbers tell a much different story, regardless of whether the measure is how much Americans are paying, earning or saving. Gas prices: While gas prices held steady under Pres. Donald Trump (down four cents a gallon), they’ve surged 54% in the first 39 months of Pres. Joe Biden’s term. From January 2021 to April of 2024, the average price of a gallon of gas (all grades) has increased 31 cents, from $2.42 to $3.73, according to the U.S. Energy Information Administration.

Real Wages:

After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the first quarter of 2024, average real earnings had fallen to $365. …

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