Working-class Americans just cannot catch a break in the Biden economy. Millions are struggling to get by as they face the one-two punch of higher prices and rising interest rates. And it’s all thanks to Washington Democrats’ reckless $10 trillion spending spree, which sent the spike in consumer prices to a 40-year high and drove the Federal Reserve into a corner where their only solution is to make borrowing for a house, your farm, a car, or to grow a business far more expensive.
What is particularly maddening is that Washington Democrats are bragging about these results and branding their disastrous policies as “Bidenomics.” They are claiming that their reckless spending agenda is bringing relief to the American people. But Americans know full well that Bidenomics is nothing but a plan to bury their children’s future under a mountain of debt while government bureaucrats in Washington tell taxpayers how to live their lives.
Since President Biden took office, working-class Americans have lost two months of their pay trying to keep up with price increases. A recent survey found that 73 percent of consumers said higher prices have affected their ability to cover monthly expenses, like cell phone bills, utilities, auto insurance, and more. At the same time farmers, small businesses, and workers are living paycheck to paycheck, Biden and the Left are pushing trillions of your hard-earned taxpayer dollars to the wealthy and well-connected. Case in point: companies with over $1 billion in sales receive more than 90 percent of the special interest tax subsidies for so called ‘green’ electricity that were included in Washington Democrats’ Inflation Reduction Act. Banks and insurers alone receive over half of them. That’s Bidenomics.
