August 16, 2024
Under the policies of President Joe Biden and Vice President Kamala Harris, the economy has failed most Americans. Sky-high inflation, rising unemployment, and increasing energy costs are hitting the pocketbooks of hard-working citizens.
Are you better off now than you were just a few short years ago? Check out the numbers:
Annual Inflation
- 2017-2019: 2.12% on average per year
- 2021-2023: 5.3% on average per year
Real Wages
- 2017-2019: UP $4,000 on average per individual
- 2021-2023: DOWN $4,200 on average per individual
Gas Prices
- 2017-2019: $2.58 per gallon
- 2021-2023: $3.49 per gallon
Electricity Prices
- 2017-2019: Fell 0.25% per individual
- 2021-2023: Rose 7.51% per individual
Then vs. Now
January 2021 | Today | |
Crude Oil | $52.87/barrel | $78.96/barrel |
Economic Growth | 5.2% | 1.41% |
Credit Card Debt | $763 billion | $993 billion |
30-year Fixed Rate Mortgage | 2.77% | 6.86% |
Monthly Food Expenditures | $1,108.90 | $1,311.60 |
De-BUNKED
Myth: Biden-Harris policies created more jobs than any other administration in American history.
- Fact: Biden-Harris policies did not create the most jobs in American history. The American workforce was just able to go back to work after a once in a century pandemic, while Left states forced their citizens to stop going to work. Much of the Biden labor market gains are simply part of the post-pandemic recovery.
Myth: Inflation is transitory.
- Fact: The inflation crisis was a direct result of the Biden-Harris Administration’s war on energy and outrageous government spending.
Myth: Gas prices have fallen under the Biden-Harris Administration.
- Fact: Gas prices have fallen from record highs of $5-a-gallon to $3.49-a-gallon. This is still much higher than the average gas price of $2.39 when the Biden-Harris Administration began.