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Economic Misperception

Kerby Anderson
Throughout the 2024 campaign, President Biden and his administration argued that the economy was doing well. Many voters did not agree with their assessment. And even in the waning days of his administration, President Biden has argued that he is “handing the Trump administration a robust labor market.”
E.J. Antoni (Heritage Foundation) replies, “I’m sorry, I think that the Biden Administration’s own data contradicts that narrative.” He explains that the post-pandemic economic recovery wasn’t as robust as Biden argues. “There are actually fewer native-born Americans working today than there were before the pandemic in 2019.” Instead, the net job growth has gone to foreign-born workers.
Douglas Carr provides another example of economic misperception by posting numerous charts illustrating the impact of Bidenomics. For example, his first chart illustrates that many more American families were worse off now than a year ago, and this was worst for young adults.
Of even greater concern was his chart that documents the financial well-being of high-school educated Americans versus college-degree holders. His chart shows that the financial situation for Americans with just a high school degree has fallen to its lowest point in a half century.
Inflation over the last few years dropped average earnings for most Americans. He also quotes a study from the Brookings Institute that the “effects of rising prices have been even more pronounced for poorer families, and especially families of color.”
President Biden and his administration may believe the economy was good. But Americans were feeling pain at the pump, in the grocery store, and in their wallets.

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Phyllis Schlafly: Defender of Free Markets

Phyllis Schlafly Eagles · January 14 | Phyllis Schlafly: Defender of Free Markets Phyllis Schlafly’s economic philosophy remains a guiding beacon for conservative thought, emphasizing the transformative power of free markets and the dangers of excessive government interference. For Phyllis, the principles of a free economy were not just ideological; they were grounded in real-world […]

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Taxpayer Dollars Should Never Fund Abortions

The U.S. Circuit Courts of Appeals are now divided with the majority in favor of funding Planned Parenthood with state Medicaid dollars. Constitutional expert, lawyer, author, pastor, and founder of Liberty Counsel Mat Staver highlights in 60 seconds the important topics of the day that impact life, liberty, and family. To stay informed and get involved, visit LC.org.
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Biden Statistics

Kerby Anderson
A week from now, Donald Trump will take office and the Biden presidency will end. Jeff Crouere put together a few statistics that puts some of the Biden presidency in perspective.
His legacy will last longer than his presidency since 235 federal judges have been confirmed while he was president. His total surpasses the total number of judicial confirmations during President Trump’s administration.
Congress also passed a bill that would have added additional judgeships to relieve some of the backlog in federal cases. Although the bill was passed by both houses of Congress, President Biden vetoed the bill, perhaps because Trump will now be in office and could nominate judges for those positions.
The totals on the economic front should concern all Americans. The Biden administration and Congress added an additional $8.5 trillion to the national debt. It now stands at $36.3 trillion, or over $323,000 per American taxpayer.
“Inflation and interest rates outpaced wage growth and families fell deeper into debt.” The average home is valued as 7.64 times “greater than median household income.”
According to a recent report from the House Committee on Homeland Security, 10.8 million illegal migrants entered this country from Fiscal Year 2021 through Fiscal Year 2024. And that number does not count the approximately 2 million who entered without encountering customs and border protection (the so-called “gotaways”).
This is the situation Donald Trump will inherit next week. I think it is fair to say that is not what the American people voted for four years ago and some of the reasons why they voted differently in 2024.

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