Americans are strongly dissatisfied with the direction of the country and the economy.
According to Gallup, just 19% of the public is satisfied with how things are going, compared with 80% who aren’t. Incredibly, consumer sentiment is lower now than it was during the COVID-19 lockdown in 2020.
It’s easy to see why.
Inflation remains elevated above pre-pandemic levels, meaning that real weekly earnings are down by more than 4% since January 2021. Rising interest rates have caused the median mortgage payment to double over the same period.
In a good economy, hardworking Americans steadily get ahead as income gains outpace inflation. That hasn’t been the case since Joe Biden entered the White House.
One of the key factors behind higher inflation and interest rates is excessive federal spending, especially Washington’s $7.5 trillion spending spree that…
