September 13, 2024

RNC: Kamala Can’t Keep Prices From Climbing Higher

Americans can’t afford gas or groceries, yet Kamala Harris vows to double down on the Democrat policies that sent prices soaring.

By the Republican National Committee

PRICES UP 20+ PERCENT UNDER KAMALA HARRIS

  • The latest Consumer Price Index data shows year-over-year inflation increased in August by 2.5 percent – well above the rate when Harris and Biden took office. 
    • For nearly every month of the Harris-Biden administration, inflation has been well above the Fed’s average target of 2 percent.
    • Core consumer prices – stripping out food and energy – rose by 3.2 percent.
  • Prices have risen by 20.3 percent since Harris and Biden took office – with Americans still reeling from the lasting effects of inflation.
    • On a year-over-year basis, inflation under Harris and Biden has averaged 5.2 percent – nearly three times as high as the average inflation under President Trump.
    • Groceries are up 21.5 percent, rent is up 22.5 percent, and electricity is up 30.7 percent since Harris and Biden took office.
    • Car insurance has increased 54.9 percent under Harris and Biden – stinging the 92 percent of American households that own at least one car.
  • With persistent inflation having eaten away at wage gains, more and more Americans are struggling financially.
  • Real wages remain lower than when Harris and Biden first took office.
    • Inflation-adjusted average weekly earnings were $397.90 when Harris and Biden took office and are now $384.47 – the BLS adjusts to 1982-1984 dollars – meaning Americans have seen a 3.4 percent pay cut under Harris and Biden.
    • Under President Trump, real average weekly wages rose 8.2 percent.
  • New Census data shows that median household income is lower than it was in 2019, while the poverty rate is higher than what it was in 2019.
    • More than 6.6 million Americans were lifted out of poverty during President Trump’s first three years in office, compared to only 760,000 under Harris-Biden.
    • Real median earnings for both men and women have fallen under Harris-Biden.

THE COST OF LIVING IS BECOMING INCREASINGLY UNAFFORDABLE

  • Hardworking Americans are struggling to survive financially as Kamalanomics continues to drain the wallets of families and businesses across the country.
  • Kamalanomics has cost the middle class $2.4 trillion since March 2022, with the average middle-class household losing at least $33,000 in real wealth.
  • Americans have now lost over $4,691 paying higher energy costs since Harris and Biden took office.
    • U.S. average gas prices currently sit at $3.25 per gallon, which is nearly $1 higher then when Harris and Biden were inaugurated.
    • Under Harris and Biden, the price of a gallon of gas has been above $3 for 1,218 days in a row.
    • Energy prices have soared almost 30 percent under Harris and Biden, 13 times faster than the previous seven years.
  • The Fed has hiked interest rates 11 times since March 2022 – now at their highest level in 22 years – making it harder for families to buy a home, finance a car, pay off debt, and perform various other financial transactions.
  • Americans need a six-figure salary to afford a typical home in nearly half of U.S. states.
    • To afford a median-priced home of $402,343, Americans would need an annual income of $110,871, a nearly 50 percent increase over the last four years.
    • In some states, the income needed to afford a typical home has increased by over 65 percent since the beginning of 2020.
    • Nearly half of all American renters believe they can’t afford to buy.
  • After massive rental inflation, rents are stuck at persistently unaffordable prices and a record share of renters spending more than 30 percent of their income on housing.
    • The average household makes $11,000 less than what is needed to rent a median price apartment, with the median price jumping 23 percent since 2019. 
  • Biden’s favorite economist – Moody’s Mark Zandi – said that purchasing a home or a car right now is “completely unaffordable for the typical American household.”
  • The cumulative effects of these interest rate increases are squeezing Americans’ finances, punishing low-income and younger Americans.
  • Meanwhile, 818,000 jobs that the Harris-Biden administration claimed to have “created” aren’t actually there.

AMERICANS’ FINANCES ARE BEING DECIMATED

DEMOCRATS’ RESPONSE TO THE INFLATION CRISIS BIDEN CREATED: MORE INFLATIONARY SPENDING

  • As working-class families struggle to make ends meet thanks to inflation, voters know Democrats are to blame for rising prices. 
  • In 2021, Harris, Biden and Democrats passed their inflation-fueling $1.9 trillion “stimulus,” which even liberal economists admit fueled inflation.
  • In 2022, every single Democrat voted to pass the Bidenflation Scam, which experts warned will worsen inflation and raise taxes on working-class Americans.
  • Since then, Democrats have refused to back down from their extravagant spending even as numerous reports warn about the inflationary impact.
    • Harris and Biden have repeatedly sought to forgive student loans despite its impact on inflation.
  • For Harris’ own presidential campaign platform, she is doubling down on the Harris-Biden inflationary agenda by proposing the largest tax hike in U.S. history, Soviet-style price controls, and a housing plan that will only drive home prices higher.

REPUBLICAN-LED STATES ARE DRIVING JOB GROWTH

  • Harris and Biden deserve no credit for jobs that have been created – they paid Americans not to work for months and stifled economic growth.
  • Republican-led states are the ones creating jobs and leading economic growth. 
  • The latest state jobs reportshows that 16 of the top 20 states for jobs recovered since the coronavirus pandemic began are led by Republican governors, and 16 of the states have Republican-controlled legislatures.
  • Out of the top 15 states with the lowest unemployment rates, 11 are led by Republican governors.
  • Two states – Tennessee and Mississippi – reached a new record low unemployment ratelast month, both of which have Republican leadership.

Originally posted 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)

★ PUBLIUS ★

“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.