CNN Host Admits Biden’s Economic Failures When Presented With Data

By
David Rufful
-
via New York Post
OPINION | This article contains commentary that reflects the author's opinion.

CNN’s Data Reporter Harry Enten expressed concern about the current economic situation, highlighting a decline in disposable income and stagnant wages during President Joe Biden’s term.

While there have been positive economic metrics, Enten emphasized the negative growth in disposable income and minimal wage increases.

Additionally, despite stock market gains and job additions, the Federal Reserve Bank of San Francisco reports a historic low in labor participation rates. (Trending: Devastating News For Hunter Biden After Defying Subpoena)

Economic indicators also show high prices for essential goods and a decrease in wages since Biden took office.

“From the first year of a president’s term to now in a term, look at this. We’ve actually had negative growth,” Enten said.

“We have actually decreased the amount of disposable income we’ve had, 2.7% for the Biden administration. Look at that.”

“The average for the president since JFK, is plus 4.5 percent.”

Enten added, “And even in the last few months, the last six months, the growth that we’ve had — just 0.2 percent. The average six months since 1960 [is] 1.1 percent, so we’re even behind on that metric.”

“It is kind of depressing,” Enten said.

“And the one last thing I’ll note — even wages here [are] not going up. Median wage: minus one [percent] since pre-pandemic, minus one [percent] since Biden’s first year.”

“Since last quarter? Zero percent. Wages have been stagnant for a long time and it’s continuing to be so.”

“I mean, if you were to look basically at disposable income, the change in disposable income, that is probably the weakest economic measure there is out there,” Enten said.

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