A CNN host was left stunned when the network’s data analyst revealed data that highlighted the true state of the economy under Democrat President Joe Biden.
During a Friday report, CNN’s Erica Hill after data reporter Harry Enten laid out the economic numbers that expose the reality of so-called “Bidenomics.”
As Enten explained the figures and broke the bad news to CNN’s viewers, Hill remarked that Biden’s economy is “kind of depressing.”
Enten explained that, despite other economic metrics trending in positive directions, the decline in disposable income largely explains Americans’ bleak view of the economy.
“From the first year of a president’s term to now in a term, look at this,” he said.
“We’ve actually had negative growth.
“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.
“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.”
After hearing Enten spell doom for the economy, Hill said:
“That’s kind of depressing.”
“It is kind of depressing,” Enten agreed.
“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.”
WATCH:
Inflation has ticked down from its high of more than nine percent in 2022 but remains higher than the Fed’s target rate of two percent.
Prices for rent, groceries, and transportation remain high, data from the Federal Reserve Bank of St. Louis shows.
Total prices are up 17.2 percent since Biden took office in January 2021.
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