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August 11, 2022 | Rapid Response | RNC Communications
Economy

Sky-High Prices, Poorer Americans

Rapid Response

Producer prices spiked 9.8% from last year, marking the 16th straight month wholesale inflation has been above 5 percent year-over-year. That is astronomically high.

It’s yet another data point showing middle class families are being slammed in the Biden economy:

  • 69% say the economy is getting worse, the most Americans since 2008.
  • Real disposable income is lower than when Biden took office.
  • Real wages have fallen every month on a year-over-year basis since Biden forced through his $1.9 trillion “stimulus.”
  • 64% of Americans say their financial situation is getting worse.

Biden claims his “economic plan is working,” but Americans are getting poorer.

There are only two options to explain Biden’s spin, and we’re not sure what’s worse: A president who is completely out-of-touch with the pain Americans are feeling, or one who implies making Americans poorer is part of his “plan.”