WASHINGTON – Today, Republican National Committee (RNC) Chairman Michael Whatley released the following statement on Biden’s economic remarks in Eastern North Carolina:
“Joe Biden’s grandstanding on the economy will not change the facts: under Biden, groceries are unaffordable, gas prices have reached record highs, and the average household costs are up $992 per month in my home state. In poll after poll Biden is losing in North Carolina, and in November those polls will become reality when we deliver the state to President Trump for the third time.”
Background:
- Inflation in the state is at 21.2%, spiking average household costs $992 more per month.
- Gas prices in the state reached record highs under Biden.
- When Biden took office, he repeatedly promised to build an economy "from the middle out and the bottom up, not the top down" – yet, under Biden, low- and middle-income families have been hurt the most by his policies.
- Under Biden, the top 1 percent of American earners now control more wealth than the nation’s entire middle class.
- Bidenflation has disproportionately hurt low-income households, as low-income Americans allocate a "bigger share" of their spending on high-inflation goods like food, gas, and housing, making them more vulnerable to rising prices
- The working class has had to make more lifestyle adjustments to make ends meet under Biden’s economy.
- In 2023, nearly 75 percent of self-described working class Americans reported cutting back on entertainment and eating out due to inflation, compared to 54 percent of upper-middle-class Americans,
- 51 percent of the working class are working more hours.
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