November 27, 2023 | Rapid Response | RNC Communications
Economy

Biden Can't "Counter" Truth

Rapid Response

The Biden administration still can’t quite figure out why “Bidenomics” has been an epic failure.

Naturally, they’re turning to TikTok creators to “counter” the fact that prices have skyrocketed under Biden.

There’s a big problem with their delusional strategy: you can’t “counter” the truth.

  • Prices have gone up by 17.6 percent since Biden took office, while real wages have declined by three percent.
  • Inflation remains historically high — up 3.2 percent over last year and double what it was when Biden took office.
    • Under Biden, inflation has averaged 5.9 percent — more than double the level of inflation under any of the last four presidents.

That means Americans have seen price increases across the board during Biden’s tenure. Since Biden took office, food prices are up 20.9 percent, rent is up 18 percent, and electricity is up 24.7 percent. Nearly 60 percent of Americans “saw their income decline relative to last year” – reversing a trend from 2015 to 2021.

In short, Americans are spending more and saving less.

Is it any wonder Americans are extraordinarily sour on the Biden economy?

Only if you’re Joe Biden, apparently.