Silver: Biden Policies Lead to Flat Wages and High Prices, Undermining Support
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Nate Silver criticized Biden's economic policies, noting that real wages and incomes have not grown since he took office in 2021. This helps explain Biden's low approval ratings.
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Silver shared data showing real disposable personal income has been flat under Biden. He said presidents don't get reelected with zero income growth.
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Inflation has outpaced wage growth for most of Biden's presidency, effectively resulting in a pay cut for Americans struggling with higher costs.
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Researchers questioned why Biden's approval was so low despite statistics like low unemployment and GDP growth.
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Silver said those researchers seem to be "spinning" for Democrats, when high inflation and near-zero wage growth justifiably upset voters.