FOX Business' Stuart Varney analyzed Biden's economic plan, arguing 'Bidenomics' combined with Fed money printing led to every income group in the U.S. losing ground.
U.S. President Joe Biden speaks about his"Bidenomics" economic plan on the one-year anniversary of the Inflation Reduction Act of 2022.
is the cause and inflation is the result of money printing by the Federal Reserve, and, yes the massive spending, which is "Bidenomics." In 2022, the inflation-adjusted income for men dropped $3,620, it dropped $2,880 for women. Every income group lost ground. The poor lost more than the wealthy. That's always the case when inflation hits.That group lost $4,600 in 2022.
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