Inflation has wiped out wages every month since April 2021, right after Biden signed the $1.9 trillion “stimulus.”
WASHINGTON – Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on the June jobs report:
“Biden’s Great American Pay Cut is punishing families. As the cost of living continues to rise and real wages continue to fall, Americans are left struggling to keep up. Biden and Democrats’ trillions in wasteful spending has fueled inflation and is to blame for the pain everyone is feeling in their pockets.”
Higher prices and lower wages are here to stay under Biden.
Background:
- Inflation ate up any wage gains in June, meaning workers’ paychecks are shrinking.
- The labor force participation rate fell at a time when it should be expanding.
- Polling shows the American people see just how bad things are and overwhelmingly blame Biden for his poor handling of the economy.
- Consumer sentiment is at a new record low according to the University of Michigan, with a reading lower than at any point since the gauge started in 1952.
- Gallup’s Economic Confidence Index is now at its lowest reading since the end of the Great Rescission in early 2009.
- 85 percent of Americans, including a whopping 78 percent of Democrats, say the nation is headed in the wrong direction.
- Republican-led states are the ones creating jobs and leading the economic recovery.
- Through May, nine of the top 10 states for jobs recovered since the coronavirus pandemic began are led by Republican governors, and all 10 states have Republican-controlled legislatures.
- Out of the top 20 states with the lowest unemployment rates, 16 are led by Republican governors and 16 have Republican-controlled legislatures.
