Americans clearly not better off than before Dems took charge
In the final weeks of the legendary 1980 campaign that made Ronald Reagan president, Reagan stood before the nation at his sole presidential debate with failing incumbent Jimmy Carter and urged voters to ask themselves a simple question, one that instantly became timeless in American political lore. “Are you better off now than you were four years ago?” Reagan asked.
As Republicans fight to win over the last remaining undecided voters this November, they would do well to reprise Reagan’s iconic question. Are Americans better off now than they were just two years ago, when Joe Biden became president and Democrats took both chambers of Congress? By any relevant metric, the answer is sure to be a definitive “no” – making a clear case for a change in Washington.
Even something as simple as putting a meal on the table has become more difficult under Democrat rule. Since last year, the price of eggs is up 40%, milk is up 17%, and margarine is up about 40%. In total, grocery prices are up roughly 13% – the largest uptick in more than four decades. Even toilet paper prices have soared – the average roll is 6% to 8% shorter but 8% to 10% more expensive than it was two years ago.
Though gas prices have come down somewhat in recent months from record highs last summer, they are still sitting around $3.70 per gallon – up from $2.40 when Biden took office—and in many places, they are much higher than that. Meanwhile, public transportation costs are up more than 20% since last year. And when you get home after that newly-expensive commute and flip on the lights and heating, the electricity will cost you 16% more and the natural gas will cost you 40% more. Home heating costs are set to skyrocket again this upcoming winter.
Even previously comfortable and financially secure Americans are now feeling the pinch. According to a recent Gallup poll, 56% of Americans cite financial hardship due to price increases. Data from the Bureau of Labor Statistics shows that for the past 17 months, inflation has outpaced wages. Nonetheless, despite the fact that their policies have directly led to these financial hardships, Democrats voted in August to raise taxes on the middle class, hire 87,000 IRS agents to harass families and small businesses, and ultimately worsen inflation.
Entering young adulthood and planning for the future is also a far more daunting prospect now than it was two years ago. Median monthly rent is about $1,900 – roughly $200 more than last year. 30-year mortgage rates just hit the highest levels since 2008, dramatically reducing the price of the home a homebuyer can afford. Credit card debt is increasing at the fastest clip in over two decades. Pair this with an April BMO Real Financial Progress survey showing that 60% of young Americans aged 18-34 say they’ve had to reduce contributions to their savings, and it is clear that for many, the American Dream of owning a home and building generational wealth is being destroyed by Democrat policies.
It’s not just young people who are struggling to make ends meet. In the same poll, 1 in 4 Americans say they will need to delay retirement due to skyrocketing prices. Many retirees have even re-entered the workforce because of inflation. Another survey found that about half of Americans 55 and older have dipped into emergency savings as a result of inflationary pressures.
To top it off, the stock market has continued to plummet as new economic numbers hit and investors make quick moves to shore up future losses. The Dow, S&P 500, and Nasdaq have each taken nosedives in recent weeks, crushing public pension funds, retirement accounts, and 401(k)s.
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The Democrats' response to the pandemic has made it significantly worse for Americans and they do not have a solution beyond more federal spending which was largely responsible for the inflation in the first place.
See, also:
Washington Democrats have put ideology ahead of the public's priorities
In only 22 months, Democrats have taken America from recovery to recession. They’ve taken us from safety and security to crime and chaos. Democrats devalued the dollars in our wallets and opened the border.
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