The economic policies of the Biden-Harris administration have come under scrutiny for their impact on working women and minorities. According to an article from the Daily Signal, women and minorities have been hit the hardest by these policies. Inflation has been a major concern for families across the country, with prices surging by more than 5% annually over the past three years under Biden. This has made it increasingly difficult for American families to afford basic necessities. Additionally, real median weekly earnings have dropped for all workers, women, and black workers under the Biden-Harris administration. Hispanic workers have also faced a decrease in real weekly earnings. Mortgage interest rates have surged by 70% in three years, leading to a significant increase in monthly mortgage payments for a median-priced home compared to the Trump era. The article argues that Washington should learn from states that balance their budgets and prioritize spending based on available resources. It calls for leadership in Washington to acknowledge the hardships faced by everyday Americans and take meaningful action to address economic challenges [dacef335].
This analysis sheds light on the concerns raised by critics of the Biden-Harris administration's economic policies. The article highlights the specific impact on working women and minorities, who have experienced a decline in earnings and face higher costs of living. It emphasizes the need for government leaders to prioritize the economic well-being of all Americans and take steps to address the challenges faced by working families. The article also calls for a more responsible approach to government spending, taking inspiration from states that have successfully balanced their budgets [dacef335].