The State of the Economy under Biden
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The State of the Economy under Biden
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Despite what the Biden administration is claiming, U.S. citizens are dealing with an increasingly troubled economy. Intervene, Lord!
From Just the News. Despite the Biden administration’s efforts to tout the alleged successes of “Bidenomics,” a report from the United States Census Bureau has revealed that many Americans saw their economic situation deteriorate dramatically in the first half of Biden’s term.
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While the official poverty rate hovered around 11.5% in both 2021 and 2022, according to the report, the Supplemental Poverty Measure (SPM) increased 4.6% in 2022 to reach 12.4%, marking the first overall increase in that metric since 2010. In total, 37.9 million Americans lived in poverty in 2022. …
Income, meanwhile, dropped across an array of metrics. Real median household income declined by 2.3% from $76,330 to $74,580, while real median earnings of all workers dropped 2.2%. …
The Census Bureau statement follows some other bad economic news for the president. The unemployment rate in August rose from 3.5% to 3.8% …
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(Excerpt from Just the News. Photo Credit: Drew Angerer/Getty Images)
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Dear Lord God, may the wicked self absorbed oligarchs money hungry world leaders be brought low by their pride, power, avarice, and greed, not to mention their blatant disregard for their fellow man. We ask you Lord to show us all what we need to change in ourselves to honor You. None of us are perfect — only one man is –Yeshua Hamashiach! Let us all humble ourselves and turn from our sins. Thank you for revealing the truth. Amen and Amen
Father I am sure that many suffer under the weight of price increases. I feel it it my finances whereby there is nothing left over yet all my bills are paid and I have more than enough food for which I thank you Jehovah Jireh for you are my provider.
I ask Lord that You will supply all the needs of those who are struggling during this economic downturn and bring Your peace to reign in their lives.