President Joe Biden delivers remarks on the Supreme Court decision on Dobbs v. Jackson Women’s Health Organization to overturn Roe v. Wade, Friday, June 24, 2022, in the Cross Hall of the White House. (Official White House Photo by Adam Schultz)
At The Economic Collapse, Michael Snyder explains how Joe Biden’s administration has been “one epic failure after another.” He writes:
There are a few numbers that Biden can cherry pick to try to make himself look good, but here are 21 facts that Joe Biden doesn’t want you to know…
1. It takes the typical U.S. household $1,069 more a month just to purchase the same goods and services that it did three years ago.
2. Two-thirds of the respondents to one recent survey indicated that they had to take action to deal with rising financial stress within the past year. Those actions included “cutting back on spending, skipping monthly bills, or taking an additional job”.
3. Home insurance rates have risen by 38 percent since 2019.
4. Home rental prices are up 30 percent since Joe Biden entered the White House.
5. A whopping 61 percent of U.S. renters cannot afford the rent on a median-priced apartment in the United States right now.
6. Gasoline prices are up 46 percent since Joe Biden entered the White House.
7. The average rate on a 30 year fixed mortgage is up 148 percent since Joe Biden entered the White House.
8. According to Zillow, the monthly mortgage payment on a typical home in this country has almost doubled during the past four years.
9. One recent poll discovered that 44 percent of retired Americans are considering going back to work because the cost of living has become so oppressive.
10. New home sales fell 11.3 percent last month.
11. Pending home sales are dropping at the fastest rate ever recorded.
12. According to the House Budget Committee, there have been more than 8 million migrant encounters nationwide while Joe Biden has been in the White House. We truly are in the midst of an immigration crisis that is far greater than anything that we have ever witnessed before.
13. Thanks to our unprecedented immigration crisis, the homeless population in the city of Chicago actually tripled in just one year.
14. Murder rates are up by double digit percentages in many major U.S. cities this year.
15. Continuing jobless claims just shot up to the highest level in almost three years.
16. The number of job openings in the United States has dropped to the lowest level in more than 3 years.
17. Rite Aid just announced that it will be closing 27 more stores. That is on top of more than 500 stores that it has already decided to shut down.
18. Walgreens plans to close approximately one-fourth of its 8,600 U.S. stores. If the economy really was “booming”, why would they be doing this?
19. Today, 20 percent of the entire population of the state of California is living in poverty.
20. According to one recent survey, 46 percent of Americans don’t even have 500 dollars saved up.
21. So far, the U.S. has spent a total of approximately 175 billion dollars on the war in Ukraine, and the Russians are still winning.
Over the past three and a half years, there has just been one epic failure after another.
Read more here.
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