right, kayleigh, no matter how much this administration tries to sugarcoat this, the reality as it is horrible for the american worker in the american consumer. 2.7 in the last year, average weekly earnings fell $4.26 in march alone. get this, since biden took office those wages have fallen $18. $18. and this is why americans are fired up. as their wages are following is the value of their dollars plummet, the cost of goods and services is skyrocketing. democrats keep referencing the average worker as the reason why they are proposing increased federal spending. but that s exactly the reason why the average american worker isn t so much pain. they are the ones doing it. you cannot explain it away as the wall street journal writes in an op-ed. come ballot time in november, putin is not on the ballot, the
india, china, brazil. so you have these two forces, a maxed-out consumer and growthls tentials that a far more compelling abroad than at home which explains why the consumer isn t spending, businesses aren t spending and the average american worker isn t getting hired. two things, one, the pointwe diussehrearlier, which was we went through a really traumatic period so it isn t surprising there is an adjustment going on here. you re right, the savings rates among ahouseholds is up, and hile that may have some deleterious effect on short-term recovery, ultately that is a good thing because w can t continue to have a situation in which basically households were not saving at all. and on the business front, there is an interesting juncture. firms are no really spending on assets like buildings and things that might last for 30 or 40 years, but they e buying lots of equipment and lots of wa