Heritage Foundation Research Fellow Joel Griffith says two-thirds of all current economic growth is driven by consumer spending. "We shouldn't necessarily just cheer on the growth. We need to look at how it is that consumers are spending more. We know that real incomes have declined, yet we are spending more adjusted for inflation," Griffith said. "How are we doing that if real incomes have declined? That is because savings rates have dipped to near all-time lows while credit card debt is at all time highs. In other words, this economic growth is largely illusory, and that is why Joe Biden's poll numbers are so low."
Check out the sneak peek reel of today's FAITH & FEEDOM SHOW with Shemane Nugent and special guest, (Ret.) Col. Derek Harvey Watch live at 10AM ET.
“When you give so many bureaucrats so much power, and so little accountability…you’ve allowed people to be focused on using the whole apparatus against their political opponents…” - Erik Prince shares his story after being targeted by the Obama Administration.