On the recordNovember 8, 2023
Madam President, the Biden administration is constantly trying to sell Americans that the economy is improving. They offer miniscule morsels of improvement. The big picture shows an economy that is struggling mightily, and Americans are struggling along with it. The Biden administration wants to tout Bidenomics as a success. Young Americans, families, elderly Americans, and everyone in between are being crushed under the weight of economic stagnation. According to the New York Times, 81 percent of Americans rated economic conditions as ``fair'' or ``poor.'' CBS News states that 66 percent of Americans rate the national economy as ``bad.'' ABC News has a poll that says 76 percent of Americans say the country is headed in the wrong direction. About two in three Americans say their household expenses have risen in the last year, but only one in four says their income has increased in the same period, according to an AP poll. Higher prices, stagnant wages, and skyrocketing interest rates are hammering the American people across all demographics. Typically, young Americans are looking to buy a house, condo, or property, and build some equity. It is a staple of building a fiscally healthy future and the foundation of the American dream. Not only can young people not afford homes with the current obscene interest rates, they can barely afford to keep their heads above water.…
Source
govinfo.gov




