Under President Joe Biden’s economy, Americans are struggling to make ends meet, despite the lies told by the White House that the economy is better now than ever.
The economic situation in the U.S. has spiraled so out of control that Biden has stopped using the word “Bidenomics,” which was first used by Republicans to reference the disastrous state of the U.S. economy and later adopted by Democrats to reference the president’s “prosperous” economic policies.
Unlike the White House says, the economy is in bad shape. Americans are having to pay more for the same product than they did just a couple of years ago under the Trump administration. The price of gasoline, groceries, housing and vehicles are at an all-time high because of Biden’s policies.
It’s because the only thing that’s cheap in Biden’s America is talk.
Everything we need to survive is more expensive.
We can’t afford four more years of him in the White House.https://t.co/yPTnATzVNe
— Kari Lake (@KariLake) November 28, 2023
Bloomberg recently released a study about how the cost of living has increased since Biden took office on Jan. 20, 2021. The left-leaning outlet detailed the fact that it now costs the typical American family $120 for the same goods and services when it used to cost $100 just before the COVID-19 pandemic.
Bloomberg pointed out that since early 2020, prices have increased by a margin larger than they had 10 years before COVID-19. The outlet noted that grocery prices have skyrocketed by 25% and electricity prices have soared by 35%.
Some Republicans in the U.S. Senate also analyzed just how devastating the economy has become under Biden. The lawmakers reported that although wages have increased by 13.6% since the COVID-19 pandemic began, the average American family must make an additional $11,400 to keep up with today’s expensive cost of living.
“Middle- and low-income Americans aren’t doing well enough — they are living fragilely on the edge,” the chairman of the Ludwig Institute for Shared Economic Prosperity, Gene Ludwig, said, according to PJ Media.
The 2024 presidential election could resemble a stark similarity to 1980 when then-President Jimmy Carter and the future president Ronald Reagan went head-to-head for the presidency.
In the 1980 presidential debate, Reagan delivered one of his most prominent one-liners, which many believe won him the election. “Are you better off than you were four years ago?” the then-Republican presidential candidate said.
he next GOP nominee or Democratic presidential candidate debating Biden has an opportunity to echo Reagan’s remarks.