Gross domestic product grew 6.4% in 2021’s first quarter. In Q1 2022, GDP shrank 1.6%.
The Dow Jones Industrial Average was 31,188 on January 20, 2021. The Dow closed Wednesday at 30,722. Pension savings, 401Ks, and other investment portfolios have shriveled under Biden.
The Conference Board’s Consumer Confidence Index measures short-term expectations for income, business and labor markets. This metric has slid from 92.5 in January 2021 to 66.4 last month — its lowest level since March 2013.
The National Federation of Independent Business’ Small Business Optimism Index has retreated on Biden’s watch from 95.0 to 89.5 — its weakest showing since January 2013 under the Obama-Biden Administration. NFIB observed: “Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61%, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every month this year.”
The National Association of Realtors’ Housing Affordability Index has waned from a sanguine 187.2 in January 2021 to a worrisome 102.5 last May, as home prices and mortgage costs rose in tandem.
West Texas Intermediate crude oil traded for $53.24 per barrel as Biden took over. It sold Wednesday for $96.87 — up 82 percent.
Border Patrol agents apprehended 754,538 illegal aliens during Trump’s final 16 months in office (October 1, 2019, through January 31, 2021 — including Biden’s first 11 days). In Biden’s first full 16 months in power (February 1, 2021, through May 31, 2022), Border Patrol confronted a stunning 2,975,135 illegal aliens — up a staggering 394%.
According to Monmouth University, 42% of Americans believed the nation was on the right track in January 2021, while 51% believed the USA was on the wrong track. In July 2022, Monmouth reported, “Just 10% of Americans say the country is headed in the right direction while 88% say it is on the wrong track. This marks an all-time low for this question going back to 2013.”
Biden has accomplished something extraordinary: For him to have dragged America this low, this quickly, is a real achievement, of a sort.
While Democrats scream “Racism!” “Abortion!” and “January 6!” Republicans can bury them in November by relentlessly asking voters this simple question: Are you better off now than you were two years ago?