RNC Statement on Biden’s Speech and Wage Cuts

WASHINGTON – Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on Biden’s remarks on the economy:

“Families are worse off and suffering the consequences of Joe Biden and Democrats’ reckless policies. Biden’s track record on the economy is a failure -- Americans have less money in their wallets, less savings in their bank accounts, and lower real wages. A vote for Democrats is a vote for Biden’s failed agenda.”

Background:

• Biden and Democrats’ record on the economy:
  • Inflation at a historic high at 8.2%.
  • Real wages have fallen at the fastest pace in 40 years.
  • Americans have paid nearly $2,000 more on average because of increased energy costs since Biden took office. 
  • Under Biden, the 401(k)s of tens of millions of Americans have been devastated. 
  • The average American has $11,000 less in savings than last year.