US Swing States Misery Index Shows Bidenomics Is Failing [Video]

Authored by Daniel Lacalle,

One of the most dangerous things that a government can do is present a glossy picture of the economy at a time when families and small businesses are suffering. Governments are always optimistic, but sending euphoric messages tends to backfire, especially when the situation for the middle class is complicated.

In the United States, the Biden administration’s message of “the strongest economy in decades” is not just an exaggeration; it may anger voters who suffer the burden of negative real wage growth, accumulated inflation, and higher taxes.

According to a study by the Tax Policy Center, 20 to 30 percent of middle-income households saw a tax hike in 2022 and according to the Tax Foundation, workers bear an estimated 70 percent of the corporate income tax hikes. Indirect taxation is only one source of purchasing power loss for families. Rising taxation on productive capacity reduces the availability of manufacturing jobs, limits real wage growth, and creates higher costs for consumers.

One way of …