President Joe Biden has constantly talked about his economic strategy of “breaking the middle class.” Given his track record, it would have been more accurate to call it a “breaking the middle class” plan. Inflation has eaten up income gains under Biden’s administration.

Now, Vice President Kamala Harris has her own take on the subject. Her campaign motto is “Building the Middle ClassIt's not exactly “Make America Great Again,” but given that Harris was reluctantly selected as the bottom-of-the-eighth relief pitcher for Old Joe, who long ago stopped throwing his fastball, Democrats don't have much time to come up with a catchier slogan.

But Harris and Biden, as the old saying goes, “birds of a feather flock together,” and they're running on roughly the same policy platforms we've seen for the last four years.

The fundamental problem is that for most Americans, results mean far more than messages. The irony of this “build the middle class” slogan is that no administration in recent history has done more to destroy the middle class than the Biden-Harris administration.

The graph below shows the latest Census Bureau Data The income and poverty study shows that middle-class incomes have risen faster under President Donald Trump than under the previous three presidents combined.

The difference between the two administrations is $8,000 per household in favor of the Trump administration.

These figures include the impact of COVID-19 in 2020. Excluding the black swan event of the pandemic that year, Trump's income increase would have been well over $6,000.

this Same data They show that income gains for minority and female-headed households were greater under the Trump administration, and poverty rates also fell faster under the Trump administration.

The reason for the Biden-Harris administration's poor record is that incomes rose under both presidents. inflation All of the real income gains for workers have been wiped out. In other words, when the price of eggs and bread and rent and gasoline becomes higher than your wages, you are, at best, treading water, or, in the case of most families, using pots and pans to keep water out of your basement.

Biden and Harris seemed to genuinely believe that inflation was temporary. They were enthusiastic about a fad new economic theory called Modern Monetary Theory, which postulated that the U.S. government could spend and borrow forever without suffering any collateral damage. But any high school economics student will tell you that if you give away free money to stimulate demand for goods and services, the prices of those goods and services are likely to go up. After all, we learned the hard way that there is no getting around the old laws of supply and demand.

With the economy showing signs of cracking, Kamala Harris' only solution is trillions more dollars of spending and borrowing. The Kamala camp thinks the pain will go away if the Fed cuts interest rates. Maybe. But that will probably just stimulate more spending and make the economy even more fragile. What they won't do is cut government excess spending and debt, such as canceling the failed green energy plan of about $300 billion.

Leftists are screaming that Trump will reignite inflation with his tax cuts, but that message is hard to swallow, given that there was almost no inflation during Trump's first term. His average annual inflation His approval rating was 1.9%, while Biden-Harris was at 6%.

Trump will likely continue to tell voters that he is a president who will “build up” the middle class, and that while the future is hard to predict, history is firmly on his side.

Stephen Moore is a visiting senior fellow at the Heritage Foundation and chairman of Unleash Prosperity.

The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the official position of the Daily Caller News Foundation.

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