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March 11, 2022 | Rapid Response | RNC Communications
Democrat Fails, Hypocrisy, and Lies

Biden Owns Inflation

Rapid Response

One year ago today, Biden’s $1.9 trillion failed spending bill was signed into law.

Now, as a result, Americans are grappling with record prices at the pump, historic inflation, and empty shelves. You needn’t look further than Biden’s failed spending spree as a major cause of our current economic woes.

Consider:

  • Under Biden, inflation has soared to a 40-year high, while real wages have fallen
  • Inflation has outpaced wages every single month since the stimulus was passed
  • Hundreds of thousands fewer jobs were created in 2021 than promised
  • 37 percent of workers reported making more money on unemployment than by working as labor shortages jumped to “the highest level…ever seen”

Democrats – including Biden himself – agree that Biden’s reckless spending spree fueled inflation:

  • “Too big,” said former Obama economist Jason Furman
  • “[$1.9 trillion] contributed materially to today’s inflation,” said former Obama economic adviser Steve Rattner
  • “A tremendous wall of money” that has led to inflation, said former Obama and Clinton economist Larry Summers
  • “Factors that are all involved in inflation,” said Biden’s own Treasury Secretary Janet Yellen

Biden’s “stimulus” was a far-left failure that fueled inflation, gave cash to convicts, and put American workers, businesses, and families last.

There’s a reason why 70 percent of Americans believe the economy is getting worse under Biden – because it is.

For more, check out this piece from RNC Research.