President Joe Biden speaks about his economic plan "Bidenomics" at Auburn Manufacturing Inc., in Auburn, Maine, on July 28, 2023. The U.S. saw the lowest rate of joblessness since February in the week ending in July 22.
BRENDAN SMIALOWSKI/AFP/GETTY
Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Inflation, unemployment and gross domestic product numbers are all giving Biden something to smile about.
- Even though Americans are making more than they did before the pandemic, their money is getting them a lot less than it did two and half years ago.
- While American paychecks are finally outpacing skyrocketing inflation, they have not been growing anywhere near as fast as prices have the last two and a half years
- People don’t like inflation, even when their wages are up, Americans will focus on the slow pace of real wage growth, rather than real wage growth alone.
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