Thanks to President Joe Biden, Americans have lost $4,200 in annual income thanks to his skyrocketing inflation and high interest rates, according to conservative think tank group, The Heritage Foundation.
Since January 2021, consumer prices have risen 12.7 percent and have costed the average American $3,000 extra.
“Simply put, working Americans are $4,200 poorer today than when Biden took office. This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars,” researcher for The Heritage Foundation’s Center for Data Analysis, DJ Antoni, said.
“Washington recklessly spent trillions of dollars it did not have and paid for it with newly printed money, causing rampant inflation that has destroyed people’s purchasing power and jeopardized Americans’ financial futures,” Antoni added.
“We are in a vicious spiral, but it’s one of Joe Biden, the Democrat-controlled Congress, and the Fed’s own making,” Antoni continued.
Our country’s continuing downfall under President Joe Biden and the Democrats was predicted by one very well known and popular man, forty-fifth President Donald Trump.
— GOP (@GOP) October 30, 2020
During a campaign rally in October 2020, Trump predicted America’s future under Biden to tens of thousands of supporters, saying, “Biden will deliver poverty, misery, depression. I will deliver jobs, jobs, jobs and the greatest economy in the history of our country.”
“There will be no school, no graduations, no weddings, no Thanksgiving, no Christmas, no Fourth of July. There will be no nothing, there will be no future. Other than that, it’s quite a good plan, I think,” Trump continued.
“Biden doesn’t have a clue. The cure cannot be worse than the problem itself,” Trump added.
According to a Harvard CAPS-Harris poll released this month, Trump is beating Biden in a hypothetical 2024 matchup.v“If the 2024 election for president were held today and it was between Donald Trump, the Republican and Joe Biden, the Democrat, who would you vote for?” the poll asked. 45 percent chose Trump, 42 percent chose Biden, and 13 percent said they’re unsure.
Trump isn’t just beating Biden there. Biden’s disapproval continues to grow on every issue. According to a poll from The Economist/YouGov, 53 percent of Americans disapprove of Biden’s handling of immigration, while only 33 percent approve.
48 percent of Americans disapprove of Biden’s handling of abortion, while a minor 35 percent approve. 47 percent of Americans disapprove of Biden’s handling of Criminal Justice Reform, while only 33 percent approve. Finally, 47 percent of Americans disapprove of Biden’s handling of crime unfavorably, while 35 percent approve.
Of course Americans are missing Trump. He’s amazing!