January 29, 2024

In Brief: ‘Are You Better Off Than You Were Four Years Ago?’

Ronald Reagan’s famous question in 1980 is as relevant as ever.

“Next Tuesday, all of you will go to the polls and will stand there in the polling place and make a decision,” Ronald Reagan told voters ahead of Election Day 1980. “I think as you make that decision it might be well if you would ask yourself: Are you better off than you were four years ago?”

Is it easier for you to go and buy things in the store than it was four years ago? Is there more or less unemployment in the country than there was four years ago? Is America as respected throughout the world as it was? Do you feel that our security is as safe, that we are as strong as we were four years ago?

If you answer all of those questions ‘yes,’ why then I think your choice is very obvious as to who you will vote for. If you don’t agree, if you don’t think this course that we’ve been on for the last four years is what you would like to see us follow for the next four, then I would suggest another choice that you have.

Talk show host Dan O'Donnell takes Reagan’s famous election pitch, after which he won in a landslide, and takes a look at where things stand after three years of Joe Biden.

On Jan. 20, 2020, exactly one year before Biden took office and at the same point in Donald Trump’s presidency where Biden now is in his, the average for a 30-year fixed-rate mortgage sat at 3.72 percent, while the average monthly mortgage payment was $1,134. The average home was affordable too, costing $246,334.

Today, a flurry of Federal Reserve interest rate hikes aimed at tamping down inflation have pushed the average 30-year fixed-rate mortgage to 7.06 percent with an average monthly payment of approximately $2,317. The price of an average home has ballooned to $402,600 or more, making home ownership an increasingly unaffordable luxury.

So too is car ownership. The average price of a new vehicle is now $48,008, up from $38,000 four years ago. That’s just $11,000 more than the price of the average used car today, which is a whopping $27,000. The average monthly payment on a new car today is $726, while the average used car payment is $533. In January 2020, the average monthly payment was $557 on new vehicles and $397 on used ones.

The price of gas, too, has skyrocketed even after President Biden drained the Strategic Petroleum Reserve ahead of the midterm elections. The average gallon of regular unleaded costs $3.08, meaning it is now $49.28 to fill an average 16-gallon tank. Four years ago, with the average gallon costing $2.51, filling up the same tank would be $40.16.

Nowhere is the pain of inflation more acutely felt than at the grocery store, where food prices have grown to the point that the average American family now spends $270.21 there every single week. That’s a staggering increase from the $160.35 per week the average family was spending four years ago.

“All told,” he says, “the typical American household must spend an additional $11,434 annually just to maintain the same standard of living it had in January 2021.”


O'Donnell concludes:

This is the ultimate cost of Bidenomics, and the ultimate answer to the most basic question ahead of the 2024 election: You are not better off than you were four years ago, and it’s not even close.

Read the whole thing here.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)


“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.